Memorial University of Newfoundland
St. John's, NL A1C 5S7
President: Dr. Gary Kachanoski
Board Chair: Iris Petten
Charitable Reg. #: 10769 0273 RR0001
Grade: AThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #2,767
Avg. Compensation $135,245
Top 10 Staff Salary Range
|$300k - $350k||2|
|$250k - $300k||4|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
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.
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 RatiosFiscal year ending March
|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 StatementsAll figures in $000s
|Fees for service||75,648||77,511||76,081|
|Cash flow from operations||11,221||44,876||51,533|