University of Alberta
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.
93%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.
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OVERVIEW
About University of Alberta:
University of Alberta (U of A) is a public research university in Edmonton. It was founded in 1908 by Alexander Cameron Rutherford, the first premier of Alberta, and Henry Marshall Tory, its first president. U of A’s original campus sits atop the North Saskatchewan River valley, North America’s largest stretch of urban parkland. The university now has five campuses, including its original North Campus, a South Campus, a French-language campus, a downtown campus, and a rural liberal arts campus. U of A offers more than 200 undergraduate programs and 500 graduate programs.
In F2021, U of A spent 61% of program costs on academic programming, 28% on research, 6% on student and teaching awards, and 4% on ancillary services. During the 2019-2020 academic year, U of A had 40,649 enrolled students. This included 32,424 undergraduate students from 73 countries and 8,225 graduate students from 70 countries. Around 15% of undergraduate students and 40% of graduate students are international students. In total, University of Alberta offers 7,867 courses with an average class size of 37 students.
University of Alberta reports that it has more than 800 research and teaching agreements with institutions in 50 countries. Its faculty includes 41 recipients of the 3M National Teaching Fellowship, the highest number of any university in Canada. U of A alumni have collectively founded more than 70,000 organizations around the world, creating over 1.5 million jobs and generating annual revenues of nearly $350 billion. One third of these organizations are non-profit or have a cultural, social, or environmental mission.
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Results and Impact
University of Alberta has not yet posted its 2021 annual report at the time of this update. Certain results refer to 2020.
U of A reports that 94% of its graduates find jobs within two years of graduation, the third-highest rate among Canadian universities. U of A also measures the percentage of its students engaged in High-Impact Practices (HIPs), defined as extracurricular opportunities that demand significant time, promote collaboration between faculty and students, and provide learning outside of the classroom. According to its most recent count in 2017, 84% of U of A students participate in HIPs, compared to 81% of students across 15 of Canada's major research universities.
While Ci highlights these key results, they may not be a complete representation of University of Alberta’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
U of A does not disclose administrative or fundraising costs in its audited financial statements. It instead reports overhead costs on its T3010 filing with the Charities Directorate, which is most recently available for F2020. Overhead costs are understated for F2021.
University of Alberta is a Major 100 charity, one of Canada's largest charities in terms of donations. It received donations of $146.3m in F2021. It also received $1.0 billion in government funding (56% of revenues) and $387.3m in tuition fees (22% of revenues). In F2020, the most recent year that overhead costs could be obtained from T3010 filings, administrative costs were 16% of revenues (less investment income) and fundraising costs were 5% of donations. This resulted in total overhead spending of 21%. For every dollar donated to the charity, 79 cents went to the cause. This was within Ci’s reasonable range for overhead spending.
U of A has $2.5 billion in net funding reserves, of which $1.6 billion is donor-endowed. Excluding donor-endowed funds, its funding reserves can cover 68% or more than eight months of annual program costs.
According to its most recent annual filing in F2020, U of A uses external fundraisers. It paid external fundraisers $485k to raise $448k, at a cost of $1.08 per dollar raised.
Charity Intelligence has sent this update to University of Alberta for review. Changes and edits may be forthcoming.
Updated July 23, 2021 by Eric Zhao.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 6.6% | 16.0% | 10.2% |
Fundraising costs as % of donations | 0.0% | 4.9% | 0.4% |
Total overhead spending | 6.6% | 20.9% | 10.5% |
Program cost coverage (%) | 67.6% | 48.8% | 51.5% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 146,345 | 132,412 | 156,685 |
Government funding | 1,008,642 | 1,085,682 | 1,156,543 |
Fees for service | 387,315 | 362,593 | 353,280 |
Business activities (net) | 140,635 | 209,786 | 214,434 |
Investment income | 103,569 | 52,680 | 133,725 |
Total revenues | 1,786,506 | 1,843,153 | 2,014,667 |
Program costs | 1,455,119 | 1,418,944 | 1,477,729 |
Grants | 0 | 244 | 28 |
Administrative costs | 111,525 | 287,216 | 191,904 |
Fundraising costs | 0 | 6,490 | 542 |
Total spending | 1,566,644 | 1,712,894 | 1,670,204 |
Cash flow from operations | 219,862 | 130,259 | 344,463 |
Capital spending | 178,587 | 149,855 | 120,669 |
Funding reserves | 2,504,294 | 1,946,042 | 2,156,214 |
Note: To report donations on a cash basis, Ci adjusted donations by changes in deferred revenues and deferred capital contributions, excluding deferred funding consisting of government grants, tuition fees, and other revenue. This affected revenues by ($8.3m) in F2021, ($37.5m) in F2020, and ($26.3m) in F2019. Ci included endowment contributions in donations and endowment investment income in investment income. This affected revenues by $18.2m in F2021, $25.6m in F2020, and $75.5m in F2019. University of Alberta 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 in F2020 and F2019. Its F2021 filing was not available at the time of this update. Ci classified facility and maintenance costs as administrative costs in F2021. Ci removed amortization on a pro-rata basis from program, administrative, and fundraising costs.
Salary Information
$350k + |
10 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$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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