Acadia University
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.
C+
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.
76%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 76 cents are available for programs.
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Programs
About Acadia University:
Founded in 1838, Acadia University (AU) is a public liberal arts university in Wolfville, Nova Scotia. Acadia’s mission is to inspire students to become critical thinkers, lifelong learners, engaged citizens, and responsible global leaders. Acadia reports receiving 3,400 applications for the class of 2021 with the acceptance average being 86%. Acadia’s two main programs are education and research. Huffington Post ranked Acadia’s campus as 1 of the top 10 most beautiful in Canada.
In the 2018-2019 school year, Acadia University had 3,574 undergraduate students and 191 graduate students. Of all first-year students, Acadia reports that 11% are international. The university states that the average class is 32 students and that it has a faculty to student ratio of 1:14. Acadia offers over 200 programs across the following faculties: arts, pure and applied science, professional studies, and theology. Outside of class, the university also has over 70 student-run clubs and organizations.
Acadia University’s research program runs 15 research centres across campus. The university’s strategic research plan outlines four theme areas of focus: community life, organizations and cultural diversity; natural and environmental resilience; human health and wellness; and innovative and enabling technologies.
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Finances
Acadia University is a large charity with donations of $8.8m in F2018. The university also collected $39.5m in tuition and $31.2m in government funding. Administrative costs are 15% of total revenues and fundraising costs are 10% of total donations. For every dollar donated to the charity, 76 cents go to its programs. Acadia University has $104m in funding reserves of which, $85.7m are donor-endowed. Net funding reserves can cover program costs for 7 months however, when donor-endowed funds are removed, the charity has ($44.4m) in reserves due to $62.9m in interest-bearing debt.
This charity report is an update that has been sent to Acadia University. Changes and edits may be forthcoming.
Updated on August 15, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 14.6% | 14.4% | 14.3% |
| Fundraising costs as % of donations | 9.6% | 8.4% | 4.0% |
| Total overhead spending | 24.2% | 22.9% | 18.3% |
| Program cost coverage (%) | 59.5% | 55.8% | 23.6% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 8,778 | 8,512 | 11,429 |
| Government funding | 31,208 | 30,979 | 30,417 |
| Fees for service | 39,522 | 38,134 | 36,434 |
| Business activities (net) | 12,946 | 11,556 | 10,592 |
| Investment income | 4,381 | 3,277 | 4,529 |
| Other income | 2,716 | 3,290 | 3,060 |
| Total revenues | 99,551 | 95,748 | 96,461 |
| Program costs | 69,276 | 67,466 | 69,226 |
| Administrative costs | 13,887 | 13,335 | 13,120 |
| Fundraising costs | 843 | 718 | 455 |
| Other costs | 2,809 | 3,738 | 3,969 |
| Total spending | 86,815 | 85,257 | 86,770 |
| Cash flow from operations | 12,736 | 10,491 | 9,691 |
| Capital spending | 22,670 | 5,921 | 4,062 |
| Funding reserves | 41,244 | 37,630 | 16,337 |
Note: The charity does not report administrative and fundraising costs on its audited financial statements. Ci took administrative and fundraising costs from the charity’s T3010 filings and re-allocated funds from program costs. Ci recognized endowment contributions as revenues, increasing total revenue by $3.4m in F2018, $3.5m in F2017, and $2.8m in F2016. Ci is presenting net figures for ancillary sales and services. Ci allocated funds to admin and fundraising expenses based on the charity’s T3010 filing. Ci removed these amounts from program costs. Ci recognized unrealized gain (loss) on swap transactions, affecting total revenue by ($1,542) in F2017, and $175 in F2016.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
1 |
$200k - $250k |
2 |
$160k - $200k |
6 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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