Memorial University of Newfoundland
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.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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Programs
About Memorial University of Newfoundland:
Founded in 1925, Memorial University of Newfoundland (MUN) is Newfoundland and Labrador’s only university. Maclean’s ranks Memorial as the 7th top comprehensive school in Canada for 2019. The university offers more than 100 certificate, diploma, undergraduate, graduate, and postgraduate programs to over 18,000 students from over 100 countries. Memorial University offers programs across three campuses and online.
In F2018, Memorial University had 14,310 undergraduate and graduate students at its St John’s campus, 1,356 at its Grenfell campus, 1,356 at its Marine Institute campus, and 1,149 students in online programs. The university employed a total of 1,516 faculty and 2,441 staff across its three campuses. This results in a student to faculty ratio of 12:1. The charity reports that graduate enrolment for the fall 2017 semester increased to an all-time high, up over 63% from 2007.
Memorial University reports that it is one of the top 20 research universities in Canada, with more than 30 research centres and more than $100 million in research funding in 2016-17. Over 40% of Memorial’s research is ocean related. In May 2017, Memorial university received a federal investment of nearly $3 million for health-related studies led by six Memorial researchers in areas including cancer therapies, genetics, Hepatitis B, and rural healthcare.
Memorial University encourages and supports collaboration community projects through its Public Engagement Framework. In F2018, Memorial supported 57 public or university partnerships through Quick Start and/or Accelerator funding.
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Results and Impact
In 2017, Memorial University awarded 3,434 degrees during its spring and fall convocations, including 2,493 bachelor’s degrees, 835 master’s degrees and 106 doctorate degrees. Memorial had 7 external research award recipients and 8 internal research award recipients in F2018.
While Ci highlights these key results, they may not be a complete representation of Memorial University of Newfoundland’s results and impact.
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Finances
Memorial University of Newfoundland received total donations of $7.9m in F2018. Administrative costs are 15% of revenues (excluding investment income) and the university reports no fundraising costs. For every dollar donated, 85 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Net funding reserves of $174.3m can cover 4 months of annual program costs.
This charity report is an update that has been sent to Memorial University of Newfoundland for review. Changes and edits may be forthcoming.
Updated on July 8, 2019 by Lauren Chin.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 14.8% | 17.1% | 16.7% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 14.8% | 17.1% | 14.8% |
| Program cost coverage (%) | 36.0% | 44.3% | 27.6% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 7,867 | 6,570 | 10,798 |
| Government funding | 468,439 | 429,859 | 441,629 |
| Fees for service | 88,149 | 79,611 | 75,648 |
| Investment income | 13,187 | 6,912 | 4,639 |
| Other income | 48,250 | 49,330 | 64,999 |
| Total revenues | 625,892 | 572,282 | 597,713 |
| Program costs | 483,702 | 481,948 | 488,643 |
| Administrative costs | 90,415 | 96,659 | 99,277 |
| Fundraising costs | 0 | 0 | 0 |
| Other costs | (703) | (1,647) | (1,428) |
| Total spending | 573,414 | 576,960 | 586,492 |
| Cash flow from operations | 52,478 | (4,678) | 11,221 |
| Capital spending | 57,236 | 35,154 | 43,855 |
| Funding reserves | 174,297 | 213,659 | 221,169 |
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 $7.2m in F2018, ($10.8m) in F2017, and $1.7m in F2016. Ci excluded amortization of tangible capital assets in expenses, affecting it by $38.1m in F2018, $37.0m in F2017, and $38.6m in F2016.
Salary Information
$350k + |
9 |
$300k - $350k |
1 |
$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 F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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