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.
68%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.
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OVERVIEW
About University of Regina:
University of Regina (U of R) was originally founded as Regina College, a small residential high school, by the Methodist church in 1911. In 1974, it became a degree-awarding university. University of Regina is now a public research university with 200 programs across 10 faculties and 25 departments. It also hosts 18 research centres that specialize in areas ranging from human health to clean energy. Aside from its main campus, U of R also has three federated colleges: Campion College, First Nations University of Canada, and Luther College.
In F2020, University of Regina spent $245.3m on programs, including $20.9m in scholarships, bursaries, and student awards. U of R recorded 16,501 enrolled students during the academic year, including 2,052 Indigenous students. This compares to 15,568 total students and 1,953 Indigenous students in F2019. In F2020, it reported an 82% retention rate among students moving from first to second year. Around 59% of U of R undergraduate students complete their degree within seven years of registration.
U of R reported that it spent $20.9m on research projects in F2020. It distributed 637 research grants, up from 546 grants in the previous year. U of R created two new centres for mental health and wellness research in F2020. It also entered an agreement with Public Safety Canada in January 2019 to receive $15m over five years for research on post-traumatic stress disorder (PTSD) among public safety personnel. It plans to use $5m for a new research hub to study PTSD and $10m to develop online cognitive behavioural therapy programs for police officers, firefighters, paramedics, and security personnel.
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Results and Impact
U of R reports that its research publications average 1.3 citations in other studies within three years of publishing. In 2015, it conducted an impact assessment with Economic Development Regina, which found that U of R generated $408m in GDP for Regina and $542m in GDP for all of Alberta.
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
University of Regina received donations of $9.8m in F2020. It also received $148.3m in government funding (50% of revenues) and $102.1m in tuition fees (35% of revenues) during the year. Administrative costs are 9% of revenues (less investment income) and fundraising costs are 23% of donations. This results in total overhead spending of 32%. For every dollar donated to the charity, 68 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
U of R has $39.9m in net funding reserves ($204.9m in liquid assets less $165.0m in interest-bearing debts). Its liquid assets also include $50.8m in donor-endowed funds, resulting in a negative net program cost coverage ratio. U of R’s gross funding reserves, excluding donor-endowed funds, can cover 67% or around eight months of annual program costs.
Charity Intelligence has sent this update to University of Regina for review. Changes and edits may be forthcoming.
Updated on July 23, 2021 by Eric Zhao.
Financial Review
Fiscal year ending April
|
2020 | 2019 | 2018 |
---|---|---|---|
Administrative costs as % of revenues | 9.3% | 9.4% | 9.9% |
Fundraising costs as % of donations | 23.1% | 12.8% | 14.7% |
Total overhead spending | 32.4% | 22.2% | 24.6% |
Program cost coverage (%) | (4.7%) | (3.4%) | (10.7%) |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
---|---|---|---|
Donations | 9,791 | 15,901 | 12,477 |
Goods in kind | 153 | 3,010 | 153 |
Government funding | 148,270 | 151,440 | 147,745 |
Fees for service | 102,113 | 92,924 | 85,906 |
Business activities (net) | 30,047 | 32,162 | 31,494 |
Investment income | 1,052 | 10,916 | 14,239 |
Other income | 2,823 | 2,693 | 2,707 |
Total revenues | 294,249 | 309,046 | 294,721 |
Program costs | 231,233 | 226,242 | 216,169 |
Grants | 0 | 298 | 0 |
Administrative costs | 27,325 | 28,024 | 27,836 |
Fundraising costs | 2,264 | 2,031 | 1,834 |
Other costs | 14,133 | 10,244 | 8,259 |
Total spending | 274,955 | 266,840 | 254,098 |
Cash flow from operations | 19,294 | 42,206 | 40,623 |
Capital spending | 22,163 | 26,708 | 81,903 |
Funding reserves | 39,927 | 44,373 | 24,227 |
Note: Ci reported product sales net of costs of goods in business activities. This affected revenues and expenses by ($3.2m) in F2020, ($3.9m) in F2019, and ($4.2m) in F2018. Ci reported donated capital assets as goods in kind and removed the amounts from donations. University of Regina does not report administrative and fundraising costs in its audited financial statements. Ci gathered administrative costs, fundraising costs, and grants from the charity’s T3010 filings, and removed the amounts from program costs. Ci removed amortization on a pro-rata basis from program, administrative, and fundraising costs.
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 F2020
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Comments & Contact
Comments added by the Charity:
Charity Contact
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