1600 West Bank Drive
Peterborough, ON K9L 0G2
President: Dr. Leo Groarke
Board Chair: Armand La Barge

Charitable Reg. #:11926 8928 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

B+

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.

67%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 67 cents are available for programs.



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Programs

About Trent University:

Founded in 1964, Trent University (Trent) is a public liberal arts university in Ontario. It consists of two campuses, one in Peterborough and one in Durham. Trent aims to create a learning environment that builds a passion for inclusion, leadership, and social change. Trent offers both undergraduate and graduate programs, but considers itself a mainly undergraduate university. Trent University places a strong focus on undergraduate education in the humanities, social sciences, and natural sciences.

In F2019, Trent University reported an enrollment of 8,753 undergraduate and 653 graduate students at its Peterborough campus. Trent’s Durham campus also had 1,632 undergraduate and 41 graduate students enrolled. The student population includes 999 international students (9%) and 383 Indigenous students (3%). Trent University boasts a student to faculty ratio of 18:1.

According to the 2020 Maclean's university rankings, Trent ranks first in Ontario and third overall in Canada in the primarily undergraduate school category. It also ranks first in all of Canada for its extensive student scholarships and bursaries. Trent ranks second in Canada for both faculty awards and medical and science grants.

Trent University plays a large role in the Peterborough community. It reports having an annual economic impact of around $500m. It also hosts a wide array of public events for local residents. In F2019, Trent hosted 1,415 children in academic or recreational camps and 1,645 locals at the Trent Athletics Centre. Trent states that it also helped transport 4,900 attendees to the region for conferences and events in F2019.

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Results and Impact

In February 2016, Trent University posted an economic impact assessment conducted by Dr. Thomas F. Phillips, adjunct professor of economics at Trent. The report measured economic impact as both university expenditures and all spending by Trent students. It used a multiplier of two to estimate the indirect impact of dollars circulated in the local economy. The report estimated that Trent University has a yearly economic impact of $497.1m. This impact is roughly equal to the amount needed to create 5,524 jobs.

While Ci highlights these key results, they may not be a complete representation of Trent University’s results and impact.

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Finances

Trent University is a medium-sized charity with donations of $4.5m in F2019. Administrative costs are 5% of revenues (less investment income) and fundraising costs are 27% of donations. This results in total overhead spending of 33%. For every dollar donated to the charity, 67 cents go to the cause. This falls within Ci’s reasonable range for overhead spending

Trent University has $121.0m in gross funding reserves and $71.0m in interest-bearing liabilities. Within its funding reserves, $62.4m is donor-endowed. Excluding donor-endowed funds, Trent University does not have net funding reserves to fund program costs. When excluding its liabilities, Trent’s gross funding reserves can cover 37% or between four and five months of program costs.

This charity report is an update that has been sent to Trent University. Changes and edits may be forthcoming.

Updated on June 23, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending April
201920182017
Administrative costs as % of revenues 5.1%4.9%7.6%
Fundraising costs as % of donations 27.4%19.7%17.7%
Total overhead spending 32.6%24.6%25.3%
Program cost coverage (%) (7.9%)(15.2%)(23.0%)

Summary Financial Statements

All figures in $000s
201920182017
Donations 4,5145,8666,222
Government funding 66,17368,36665,269
Fees for service 111,89699,38089,212
Investment income 4,5832,4392,369
Other income 5,7334,9174,186
Total revenues 192,899180,968167,258
Program costs 159,835147,047138,659
Administrative costs 9,6638,76312,489
Fundraising costs 1,2381,1571,101
Other costs 2,7602,6332,384
Total spending 173,496159,600154,633
Cash flow from operations 19,40321,36812,625
Capital spending 10,81225,54615,571
Funding reserves 49,95136,17725,166

Note: Ci adjusted donations by non-government deferred revenue, affecting total revenues by $911k in F2019, $1.9m in F2018, and $3.3m in F2017. Ci excluded amortization of deferred capital contributions, which was associated with government grants, affecting total revenues by ($4.7m) in F2019, ($4.9m) in F2018, and ($4.5m) in F2017. Ci reported changes in fair values of investments as investment income rather than expenses, affecting total revenues and expenses by $217k in F2019, ($87k) in F2018, and ($40k) in F2017. Ci gathered administrative and fundraising costs from the charity’s T3010 filings with the CRA, and removed the amounts from program costs.

Salary Information

Full-time staff: 693

Avg. Compensation: $169,272

Top 10 staff salary range:

$350k +
0
$300k - $350k
1
$250k - $300k
0
$200k - $250k
8
$160k - $200k
1
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.trentu.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 705-748-1011

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