University of Regina
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.
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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OVERVIEW
About University of Regina:
University of Regina is a 4-star charity. It has an A- results reporting grade, which is above average. Its overhead spending is within Ci’s reasonable range. Excluding donor-endowed funds, it has reserve funds to cover its annual program costs for 2 months.
University of Regina (UR) was founded as Regina College in 1911. Regina College was a small residential high school established by the Methodist Church. It became a campus of the University of Saskatchewan before becoming an independent university in 1974. University of Regina is a public research university. It has a main campus and three federated colleges: Campion College, First Nations University of Canada, and Luther College. Its campuses are in Regina and Saskatoon. UR has two programs: Education and Research. It does not provide a spending breakdown for these programs on its website.
Education: In the fiscal year ended April 2023 (F2023), University of Regina had 15,639 students. This consisted of 13,303 undergraduate and 2,336 graduate students. In F3034, UR had 2,333 domestic self-declared Indigenous students. UR has ten faculties and 25 academic departments and schools. It offers over 190 undergraduate programs and 80 graduate programs. In F2023, UR awarded $23.2m in student financial support. By 2025, UR aims to engage 100% of its students in experiential learning.
Research: University of Regina reports that it has over 800 active researchers and ten Canada Research Chairs. It has nine institutional-level research centres and institutes and 11 faculty-operated centres. The university has over 30 research labs.
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Results and Impact
In 2016, Economic Development Regina (EDR) conducted an economic impact study on the University of Regina. The study found that UR had a $408.3m annual GDP impact on the Regina Region and a $542.0m annual GDP impact on Saskatchewan.
University of Regina reports that students enroled in its co-op program earn an average salary of $3,200 per month. In 2020, students earned $13.3m through UR’s co-op program.
In F2023, UR reported 4,049 media mentions with UR research and creative contributions. UR had a 1.51 Field Weighted Citation Impact (FWCI) in F2023. The FWCI indicates how the number of citations UR articles receive compares to the average number of citations received by other similar publications. An FWCI of 1 is average. An FWCI of 1.51 indicates that UR is 51% above average.
While Ci highlights these key results, they may not be a complete representation of University of Regina’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
In F2023, University of Regina received $9.0m in Canadian donations. It received $180.5m in government funding (53% of total revenue) and $101.6m in student fees (30% of total revenue). Administrative costs were 9% of total revenue (excluding investment income) and fundraising costs were 24% of donations. Overhead spending is 33% which is within Ci’s reasonable range. For every dollar donated, 67 cents are available for the cause. In F2023, UR spent $259.6m on its programs (77% of total revenue).
In F2023, UR had a surplus of $38.3m and spent $9.8m on capital expenditures.
At the end of F2023, UR had $107.4m in reserve funds. $60.5m of these funds are donor endowed. Excluding donor-endowed funds, UR has reserve funds to cover 18% or 2 months of its annual program costs.
This charity profile is an update that was sent to University of Regina for review. Changes and edits may be forthcoming.
Updated on June 25, 2024 by Thea Clark.
Financial Review
Fiscal year ending April
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.8% | 9.8% | 9.7% |
| Fundraising costs as % of donations | 23.9% | 29.3% | 31.6% |
| Total overhead spending | 32.7% | 39.2% | 41.2% |
| Program cost coverage (%) | 18.2% | 3.9% | 1.7% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 8,974 | 8,961 | 7,958 |
| Goods in kind | 567 | 610 | 187 |
| Government funding | 180,489 | 158,691 | 154,165 |
| Fees for service | 101,579 | 98,307 | 102,548 |
| Business activities (net) | 30,345 | 22,460 | 15,651 |
| Investment income | 13,289 | 11,065 | 35,947 |
| Other income | 2,553 | 2,299 | 2,017 |
| Total revenues | 337,796 | 302,393 | 318,473 |
| Program costs - International | 2,030 | 1,390 | 983 |
| Program costs - Canada | 257,531 | 235,199 | 220,925 |
| Grants | 1,024 | 0 | 0 |
| Administrative costs | 28,651 | 28,675 | 27,294 |
| Fundraising costs | 2,146 | 2,627 | 2,514 |
| Other costs | 8,154 | 7,169 | 8,013 |
| Total spending | 299,536 | 275,060 | 259,728 |
| Cash flow from operations | 38,260 | 27,333 | 58,745 |
| Capital spending | 9,824 | 17,449 | 23,448 |
| Funding reserves | 107,447 | 68,480 | 63,503 |
Note: ADMINISTRATIVE AND FUNDRAISING COSTS: The charity does not report administrative and fundraising costs in its audited financial statements. Ci used the charity’s T3010 filing with the CRA to determine these costs. DEFERRED ACCOUNTING: The charity uses deferred accounting. To show donors this information on a consistent basis, Ci adjusted for changes in long-term deferred revenue. This affected revenues by ($36m) in F2023, ($36m) in F2022, and ($36m) in F2021. DONATED CAPITAL ASSETS: Ci reported donated capital assets and goods in kind and removed the amount from donations. SOLD GOODS AND SERVICES: Ci reported sold goods and services on a net basis, subtracting the cost of goods and services sold from revenues. This affected revenues and expenses by ($1.2m) in F2023, ($948k) in F2022, and ($2.6m) in F2021. DISPOSAL OF CAPITAL ASSETS: Ci removed loss on disposal of capital assets from expenses. This affected expenses by ($956k) in F2023, ($2.0m) in F2022, and ($81k) in F2021. AMORTIZATION: Ci removed amortization from program, administrative, and fundraising costs on a pro-rata basis.
Salary Information
$350k + |
3 |
$300k - $350k |
1 |
$250k - $300k |
6 |
$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 F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 306-585-4111