University of Saskatchewan
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
A
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
82%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.
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OVERVIEW
About University of Saskatchewan:
University of Saskatchewan is a 5-star charity. It is financially transparent, has a strong results reporting grade, and has reasonable overhead spending.
Founded in 1967, University of Saskatchewan (USask) is in downtown Saskatoon. According to the Global Institute for Water Security, USask is ranked #1 in water resources research in Canada. The university offers undergraduate, diploma, and certificate programs in over 100 fields of study. Like most universities, USask’s main programs are education and research.
A Charity Intelligence 2023 Top 100 Rated Charity
In F2022, enrolment at University of Saskatchewan totalled 26,155. This included 20,805 undergraduate students, 4,473 graduate students, 587 medical residents, and 290 non-degree students. Of those enrolled, there were 3,374 Indigenous students and 3,345 international students. The university reports that it has 169,000 alumni from over 130 countries.
University of Saskatchewan focuses on six research areas: Agriculture, Energy and Mineral Resources, Indigenous Engagement and Scholarship, One Health, Synchrotron Sciences, and Water Security. The university employed 290 research professionals and postdocs in F2022. USask reports a research intensity of $81,800 per student.
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Results and Impact
In the 2021 convocation year, University of Saskatchewan awarded 3,193 bachelor’s degrees, 774 master’s degrees, 440 certificates/diplomas, and 147 doctoral degrees. The university reports an overall retention rate of 85%. The retention rate is 78% for international students and 74% for Indigenous students.
According to a 2015 Economic Impact study, for every dollar given to USask by the government, 50 cents is returned to the public through taxation on economic activity. Additionally, 16,398 jobs, or 3% of all jobs in the province, are directly or indirectly created or retained because of the university. The report also states that 45% of workers with a university degree in Saskatchewan are USask alumni.
While Ci highlights these key results, they may not be a complete representation of University of Saskatchewan’s results.
This charity is not yet rated on impact (n/r).
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Finances
University of Saskatchewan received donations of $37.9m in F2022. It also received $631.3m in government funding (60% of revenues) and $274.8m in fees for service revenue (26% of revenues).
Administrative costs are 6% of revenues (excluding investment income), and fundraising costs are 12% of donations. This results in total overhead spending of 18%. For every dollar donated, 82 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
USask has $874.5m in net reserve funds (cash and investments less interest-bearing debt), of which $150.8m is donor endowed. Excluding donor-endowed funds, the charity can cover 84% of its annual program costs with reserves.
This charity report is an update that has been sent to University of Saskatchewan for review. Changes and edits may be forthcoming.
Updated on August 9, 2023, by Sydney Olexa.
Financial Review
Fiscal year ending April
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 6.1% | 6.1% | 5.8% |
| Fundraising costs as % of donations | 12.0% | 20.7% | 11.3% |
| Total overhead spending | 18.1% | 26.9% | 17.1% |
| Program cost coverage (%) | 83.8% | 82.2% | 61.1% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 37,852 | 25,887 | 51,909 |
| Government funding | 631,346 | 655,164 | 597,927 |
| Fees for service | 274,843 | 254,614 | 249,895 |
| Business activities (net) | 88,083 | 68,223 | 95,343 |
| Investment income | 12,935 | 113,763 | 8,991 |
| Other income | 13,913 | 15,152 | 6,307 |
| Total revenues | 1,058,972 | 1,132,803 | 1,010,372 |
| Program costs | 871,123 | 829,361 | 867,688 |
| Administrative costs | 63,986 | 62,568 | 57,724 |
| Fundraising costs | 4,547 | 5,362 | 5,885 |
| Other costs | 5,059 | 8,062 | 15,793 |
| Total spending | 944,715 | 905,353 | 947,090 |
| Cash flow from operations | 114,257 | 227,450 | 63,282 |
| Capital spending | 64,918 | 58,851 | 66,010 |
| Funding reserves | 874,505 | 825,956 | 674,306 |
Note: Ci reported administrative and fundraising costs from the charity’s T3010 filings with the CRA. Ci reported sales of services and products net of cost of goods sold, decreasing revenues and expenses by $9.3m in F2022, $7.1m in F2021, and $11.9m in F2020. Ci included cash endowment contributions in donations, increasing revenues by $5.2m in F2022, $2.8m in F2021, and $12.8m in F2020. Ci removed changes in fair value of interest rate swap agreements from interest expense and included it in other income, affecting revenues and expenses by $9.0m in F2022, $9.7m in F2021, and $nil in F2020.
Salary Information
$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 F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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