15 University Avenue
Wolfville, NS B4P 2R6
President: Dr. Peter Ricketts
Chancellor: Bruce Galloway

Charitable Reg. #:10668 1893 RR0001

STAR RATING

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

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✔+

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.



My anchor

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.

My anchor

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


Financial Ratios

Fiscal year ending March
201820172016
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 Statements

All figures in $000s
201820172016
Donations 8,7788,51211,429
Government funding 31,20830,97930,417
Fees for service 39,52238,13436,434
Business activities (net) 12,94611,55610,592
Investment income 4,3813,2774,529
Other income 2,7163,2903,060
Total revenues 99,55195,74896,461
Program costs 69,27667,46669,226
Administrative costs 13,88713,33513,120
Fundraising costs 843718455
Other costs 2,8093,7383,969
Total spending 86,81585,25786,770
Cash flow from operations 12,73610,4919,691
Capital spending 22,6705,9214,062
Funding reserves 41,24437,63016,337

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 recognized unrealized gain (loss) on swap transactions, affecting total revenue by ($1,542) in F2017, and $175 in F2016.

Salary Information

Full-time staff: 458

Avg. Compensation $101,303

Top 10 staff salary range

$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

My anchor

Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www2.acadiau.ca
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