Cape Breton University

P.O. Box 5300, 1250 Grand Lake Road
Sydney, NS B1P 6L2
President: David Wheeler
Board Chair: Norma Boyd

Charitable Reg. #: 11927 9032 RR0001
Sector: Education - University
Operating Charity

Donor Accountability

Grade: B-

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

Financial Transparency

Most recent audited financial statements available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #318

Avg. Compensation $86,534

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 4
$120k - $160k 5
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2012

About Cape Breton University:

The College of Cape Breton was established in 1974, combining the Sydney Campus of Saint Francis Xavier University and the Nova Scotia Eastern Institute of Technology into a single institution. It was granted university status in 1982. Cape Breton University (CBU) aims to create high quality university education and research that inspires learners and partners and has significance, relevance and application.

CBU offers undergraduate degrees in liberal arts, business, science and technology and 2 graduate programs (MBA in Community Economic Development and Masters in Information Technology). It also offers diplomas and certificates in wireless, petroleum and environmental studies, integrative science, cultural studies and education. CBU states that it encourages Aboriginal students and has the highest Aboriginal student representation per capita of any institution in Atlantic Canada. CBU’s research department focuses on integrative science, intangible cultural heritage, molecular spectroscopy and mine water management. The CBU research department has projects funded by the Canada Foundation for Innovation, the Atlantic Innovation Fund and The Nova Scotia Research and Innovation Trust.

Financial Review:

Like all Canadian Universities, CBU reports no fundraising costs. In F2012, CBU’s administrative costs were 7% of revenues. It had $16.7m in funding reserves covering 38% of annual program costs.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 6.9%5.7%5.5%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 37.7%40.1%94.1%

Summary Financial Statements

All figures in $000s
Government funding 28,78530,77030,101
Fees for service 20,92417,87315,382
Business activities (net) 712728687
Investment income 1,278503386
Other income 3,3022,6284,360
Total revenues 55,00152,50150,916
Program costs 44,37642,23040,088
Administrative costs 3,7102,9752,794
Fundraising costs 000
Cash flow from operations 6,9167,2968,034
Funding reserves 16,72116,95537,730
Note: Ci has considered ancillary enterprises as a business activity and calculated ancillary enterprises revenue net of expenses affecting revenues and expenses by ($4.1m) in F2012, by ($3.8m) in F2011, and by ($3.3m) in F2010. Ci has adjusted amortization of capital assets affecting program costs by ($4.1m) in F2012, by ($3.5m) in F2011, and by ($3.0m) in F2010.

Comments added by the Charity:

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