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Cape Breton University

1250 Grand Lake Rd.
Sydney, NS B1P 6L2
President: Dr. Dale Keefe
Chancellor: Annette Verschuren

Charitable Reg. #: 11927 9032 RR0001
Sector: Education - University
Operating Charity

Results Reporting

Grade: B+

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

Financial Transparency

Most recent audited financial statements available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #321

Avg. Compensation $112,606

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 6
$120k - $160k 3
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Cape Breton University:

The College of Cape Breton was established in 1974, combining the Sydney Campus of Saint Francis Xavier University and the Nova Scotia Eastern Institute of Technology into a single institution. It was granted university status in 1982. Cape Breton University (CBU) aims to create high quality university education and research that inspires learners and partners and has significance, relevance and application. As of F2015, it had an enrollment under 3,500 students.

CBU offers undergraduate degrees in liberal arts, business, science and technology and 2 graduate programs (MBA in Community Economic Development and Masters in Information Technology). It also offers diplomas and certificates in wireless, petroleum and environmental studies, integrative science, cultural studies and education. CBU states that it encourages Aboriginal students and has the highest Aboriginal student representation per capita of any institution in Atlantic Canada. CBU’s research department focuses on integrative science, intangible cultural heritage, molecular spectroscopy and mine water management. The CBU research department has projects funded by the Canada Foundation for Innovation, the Atlantic Innovation Fund and The Nova Scotia Research and Innovation Trust.

In F2015, CBU reported that 83% of its students were satisfied with their programs. It granted 43 credentials to students of aboriginal descent. It also reports that the majority of graduates from Cape Breton University stay in Nova Scotia after graduation with 50% staying on Cape Breton Island.

Financial Review:

Cape Breton University is a medium-cap charity with donations of $1.8m in F2016. Its administrative costs are 5%% of revenues. The university does not report any fundraising costs. For every dollar donated to the charity, 95 cents goes towards its programs, falling within Ci’s reasonable range. The university’s funding reserves are $30.8m of which all but $58k are donor-endowed.

This charity report is an update that is being reviewed by Cape Breton University. Changes and edits may be forthcoming.

Updated on July 7, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 5.0%5.2%5.5%
Program cost coverage (%) 58.0%64.2%53.4%

Summary Financial Statements

All figures in $000s
Donations 1,8472,2523,097
Government funding 22,18921,83521,594
Fees for service 31,97334,38230,945
Business activities (net) 181(107)(143)
Investment income 1,1698561,414
Other income 3,2962,5852,552
Total revenues 60,65561,80359,459
Program costs 53,06951,51449,101
Administrative costs 2,9903,1933,203
Fundraising costs 000
Other costs 2,272471233
Cash flow from operations 2,3256,6256,922
Funding reserves 30,75533,09126,219
Note: Ci has considered ancillary enterprises as a business activity and calculated ancillary enterprises revenue net of expenses affecting revenues and expenses by ($2.7m) in F2016, by ($3.7m) in F2015, and by ($4.2m) in F2014. Ci has adjusted amortization of capital assets and capital contributions received this year affecting revenues by ($824k) in F2016, ($249k) in F2015 and $693k in F2014.  Ci has adjusted for special and research revenues received this year affecting revenues by ($872k) in F2016,  $2.1m in F2015 and ($212k) in F2014. 

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