Queen's University
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.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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OVERVIEW
About Queen's University:
Founded in 1841, Queen’s University is one of Canada’s oldest degree-granting institutions. Queen’s is a mid-size university in Kingston, Ontario. The university has eight faculties and schools, as well as the Bader International Study Centre located in East Sussex, United Kingdom. The faculties and schools include: Arts and Science, Education, Engineering and Applied Science, Health Sciences, Graduate Studies, Law, Smith School of Business, and Policy Studies. Queen’s reports that it is home to students from more than 100 countries, and international students make up approximately 10% of the student population.
Queen’s University had 18,935 undergraduate, 4,137 graduate, 541 students studying away, and 530 postgraduate medicine students, for a total full-time student population of 24,143 in F2018. Queen’s offers 125 graduate degree programs. In F2018, 26% of graduate students were international students coming from 80 countries. In F2018, Queen’s University had 1,147 full-time academic faculty members. This results in a student to faculty ratio of 21:1 in F2018. Queen’s also has a network of six libraries.
Queen’s University is home to 42 endowed and sponsored research chairs. It has 21 research centres and institutes within faculties, as well as the schools of business and law, or as partnerships with other institutions. The university reports that over 30,000 academics from 2,065 institutions worldwide are contributing authors in its research.
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Results and Impact
Queen’s University reports that 89.5% of students graduate within 7 years, which is the highest rate in Canada. According to Maclean’s 2018 University Rankings, Queen’s is 4th among medical-doctoral universities in Canada and 2nd for student satisfaction. The university reports that 91% of graduates are employed six months after graduation.
While Ci highlights these key results, they may not be a complete representation of Queen’s University’s results and impact.
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Finances
Queen’s University received total donations of $102.3m in F2018. Administrative costs are 4% of revenues (excluding investment income) and fundraising costs are 11% of donations. For every dollar donated, 85 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Net funding reserves of $1.4b (which includes donor-endowed funds of $1.1b) can cover 1.8 years of annual program costs. Excluding donor-endowed funds, Queen’s can cover 6 months of annual program costs.
This charity report is an update that has been sent to Queen’s University for review. Changes and edits may be forthcoming.
Updated on July 24, 2019 by Lauren Chin.
Financial Review
Fiscal year ending April
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.5% | 3.7% | 3.4% |
| Fundraising costs as % of donations | 11.1% | 12.1% | 8.4% |
| Total overhead spending | 14.6% | 15.8% | 11.8% |
| Program cost coverage (%) | 46.1% | 41.6% | 23.8% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 102,321 | 83,983 | 130,288 |
| Government funding | 385,347 | 382,774 | 364,312 |
| Fees for service | 354,021 | 318,600 | 292,239 |
| Business activities (net) | 95,614 | 95,011 | 95,464 |
| Investment income | 55,570 | 148,562 | 12,643 |
| Other income | 26,485 | 20,861 | 24,502 |
| Total revenues | 1,019,358 | 1,049,791 | 919,448 |
| Program costs | 769,060 | 752,972 | 766,948 |
| Administrative costs | 33,879 | 33,082 | 31,193 |
| Fundraising costs | 11,321 | 10,149 | 10,945 |
| Other costs | 13,995 | 14,111 | 13,895 |
| Total spending | 828,255 | 810,314 | 822,981 |
| Cash flow from operations | 191,103 | 239,477 | 96,467 |
| Capital spending | 101,270 | 48,738 | 49,385 |
| Funding reserves | 1,415,143 | 1,338,294 | 1,102,117 |
Note: Ci adjusted for amortization of deferred capital contributions, affecting revenues by ($24k) in F2018, ($25k) in F2017, and ($26k) in F2016. Ci adjusted for excess of investment income over spending on endowment fund, endowment contributions, and contributions for capital assets. This affected revenues by $96k in F2018, $130k in F2017, and $33k in F2016.
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 F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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