Memorial University of Newfoundland

Elizabeth Ave
St. John's, NL A1C 5S7
President: Dr. Gary Kachanoski
Board Chair: Iris Petten

Website: www.mun.ca
Charitable Reg. #: 10769 0273 RR0001

Sector: Education - University

Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #2,767

Avg. Compensation $135,245

Top 10 Staff Salary Range

$350k +	4
$300k - $350k	2
$250k - $300k	4
$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 F2016

About Memorial University of Newfoundland:

Memorial University of Newfoundland (MUN), located in St. John's, is a community dedicated to creativity, innovation and excellence in teaching and learning, research and scholarship, and public engagement and service. Founded in 1925 as Memorial University College, MUN received its university status in 1949. It is the largest university in Atlantic Canada. It operates on 4 campuses: the main campus located in St. John’s, the Fisheries and Marine Institute in St. John’s, the Greenfell campus in Corner Brook and the Harlow Campus in Essex, UK.

MUN offers bachelors, masters and PhD programs as well as other diplomas and certifications. In F2016, MUN had 18,413 students in its full- and part-time studies at undergraduate and graduate levels, including 766 students pursuing their PhD. MUN employed almost 5,000 full and part-time faculty and staff across its campuses, including 1,506 faculty and 3,932 staff. In F2016, it had a student-to-faculty ratio of 12:1. It had more than 250 library holdings per student. MUN provided $1.4m in entrance scholarships and $7.8m in graduate fellowships in F2016.

Macleans reports that Memorial University of Newfoundland’s standout programs are Ocean Mapping, Communications Studies and Environmental Science. Per its F2013 student survey, its seven-year graduation rate is 63.2% and its first-year retention rate is 72.6%. In F2016, four researchers from Memorial were named Tier 2 Canada Research Chairs.

Financial Review:

Memorial University of Newfoundland is considered a big-cap charity with donations of $10.8m. MUN did not report administrative and fundraising costs on its audited financial statements. From T3010 filings, administrative costs are 18% of total revenues and fundraising costs are 14% of donations. For every dollar donated, 68 cents goes towards its programs, falling within Ci's reasonable range. It has $221.2m in funding reserves of which $87.5m are donor-endowed. Excluding donor-endowed reserves, Memorial can fund programs for just over 3 months.

Financial Ratios Fiscal year ending March	2016	2015	2014
Administrative costs as % of revenues	17.9%	18.4%	17.9%
Fundraising costs as % of donations	13.9%	14.4%	11.0%
Program cost coverage (%)	44.8%	50.8%	50.3%

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	10,798	11,990	16,923
Government funding	441,629	491,031	504,660
Fees for service	75,648	77,511	76,081
Investment income	4,639	8,867	7,701
Other income	64,999	55,922	44,566
Total revenues	597,713	645,321	649,931
Program costs	493,849	502,676	500,926
Administrative costs	106,014	116,836	114,735
Fundraising costs	1,499	1,721	1,869
Other costs	(14,870)	(20,788)	(19,132)
Cash flow from operations	11,221	44,876	51,533
Funding reserves	221,169	255,270	251,787

Note: MUN has not reported administrative and fundraising costs on its audited financial statements. This data was found on the charity's T3010A filing with the CRA. Ci has adjusted for amoritzation of deferred capital contributions and deferred capital contributions received affecting revenues by $1.7m in F2016, $13.7m in F2015 and by $34.8m in F2014. Ci excluded amortization of tangible capital assets in expenses, affecting it by ($38.6m) in F2016, ($34.2m) in F2015 and ($25.8m) in F2014.

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