University of Saskatchewan

105 Administration Place
Saskatoon , SK S7N 5A2
President: Peter Stoicheff
Board Chair: Lee Ahenakew

Website: www.usask.ca
Charitable Reg. #: 11927 9313 RR0001
Sector: Education - University
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #7,709

Avg. Compensation $75,279

Top 10 Staff Salary Range

$350k + 10
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About University of Saskatchewan:

The University of Saskatchewan (U of S) is situated in the city of Saskatoon, which has a population of just under 220,000. It is the only university in Canada to house five health science colleges and a major teaching hospital on the same campus. The U of S awards degrees in over 120 areas of specialization and is uniquely positioned in the fields of human, animal, and plant sciences. The university has Canada's only facility for synchrotron light research. The university houses one of the largest vaccine research and testing facilities in North America.

The university is home to 20,234 students, comprised of 17,305 undergraduate students and 2,929 graduate students. Of these students, 2,244 (11%) are aboriginal and 2,193 are international students (11%).  Degree completion rates at the university was 63.7% in F2016. Maclean’s report standout programs at University of Saskatchewan being the toxicology, accounting and interactive systems design programs.

The university has a large impact on the provincial economy with an estimated contribution of $1.3 billion towards Saskatchewan’s GDP in F2016, or 1.6% of the provincial total. It reports that the province’s economy is becoming more knowledge intensive with 44% of available jobs requiring the skills and knowledge which comes with a university degree. Currently, only 25% of the workforce in Saskatchewan has a university education, which underscores the need for the higher education system in the province. It reports that 86% of undergraduates and 66% of graduate students are expected to work and live in Saskatchewan after graduation. Currently, 45% of university graduates in Saskatchewan are U of S alumni.

Financial Review:

The University of Saskatchewan is a large-cap university with donations of $45.6m in F2016. Administrative costs are 7% of total revenues and fundraising costs are 20% of donations. Since the audited financials do not provide a detailed breakdown of administrative costs and fundraising costs, Ci has used the T3010 filing to obtain administrative costs and fundraising costs. For every dollar donated, 74 cents goes towards its programs, falling within Ci’s reasonable range. The University has funding reserves of $783.9m (including donor-endowed funds of $340.6m). Funding reserves cover just under a year of program costs.

This charity report is an update that is being reviewed by the University of Saskatchewan. Changes and edits may be forthcoming.

Updated on June 30, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending April
201620152014
Administrative costs as % of revenues 6.7%6.4%6.3%
Fundraising costs as % of donations 19.6%24.5%21.7%
Program cost coverage (%) 95.8%109.1%110.2%

Summary Financial Statements

All figures in $000s
201620152014
Donations 45,61934,02329,288
Government funding 525,208573,771592,059
Fees for service 328,787291,120289,299
Business activities (net) 23,88020,72718,706
Investment income (5,775)93,34383,283
Other income 7,2955,6515,947
Total revenues 925,0141,018,6351,018,582
Program costs 818,694752,907720,552
Administrative costs 62,29459,33159,328
Fundraising costs 8,9498,3426,359
Cash flow from operations 35,077198,055232,343
Funding reserves 783,872821,673794,322
Note: Ci has removed the amortization expense from program costs. 

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