Kingston, ON K7L 3N6
Principal: Daniel Woolf
Board Chair: Barbara Palk
Charitable Reg. #: 10786 8705 RR0001
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #2,560
Avg. Compensation $118,967
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About Queen's University:
Founded in 1841, Queen’s University (QU) is a public research university in Kingston, Ontario. QU’s 4 strategic goals are to enhance learning, research, strengthen the community and become financially sustainable. QU is home to 23,222 students, including 17,390 undergraduate and 3,746 graduate students. 6% of undergraduate students and 25% of graduate students are international students, coming from 109 countries. The university has 30 research chairs. Maclean’s rates Queen’s University as one of the best universities in Canada.
In F2015, Queen’s University spent $684.2m on its programs, including $430.1m on salaries of 8,289 faculty and staff. QU gave out $56m in financial aid and scholarships. In F2015, QU opened the Isabel Bader Centre for the Performing Arts and launched a one-year Master of Entrepreneurship and Innovation degree to encourage innovation. To similar effect, QU started the Queen’s Innovation Connector Summer Initiative to support young entrepreneurs. In F2015, 5 Queen’s faculty members were elected to the Royal Society of Canada.
Compared to students at 500 institutions for the Collegiate Learning Assessment, Queen’s University’s students ranked in the 90th percentile for critical thinking, problem solving and written communication. When compared to 4th year students only, QU’s students ranked in the 98th percentile. The improvement highlights Queen’s University’s learning experience. The 2013 Ontario University Graduate Survey shows that, in 2013, 92% of QU’s graduates were employed. The provincial average is 87%.
Queen’s University is one of Canada’s Major 100 charities with donations of $75.7m along with tuition of $268.5m and government funding of $366.2m. Administrative costs are 4% of total revenues and reported fundraising costs are 15% of total donations, as taken from the charity’s T3010 filings. Total overhead costs come to 19%, falling within Ci’s reasonable range. QU has total funding reserves of $1.1bn, including an endowment fund of $918.8m. Excluding donor-endowed funds, QU’s funding reserves can cover program costs for 3 months.
QU’s endowment fund per student comes to $40k. QU’s high operating cash flow of $213.4m was used to buy capital goods worth $52.3m and build up funding reserves.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on August 26th, 2016 by Mirza Shakir.
Financial RatiosFiscal year ending April
|Administrative costs as % of revenues||3.5%||2.9%||2.6%|
|Fundraising costs as % of donations||15.3%||10.7%||12.5%|
|Program cost coverage (%)||155.9%||130.1%||112.8%|
Summary Financial StatementsAll figures in $000s
|Fees for service||268,548||244,534||233,095|
|Business activities (net)||85,401||81,149||77,841|
|Cash flow from operations||213,391||198,255||186,139|