Cape Breton University
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.
B-
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.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
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OVERVIEW
About Cape Breton University:
Cape Breton University (CBU) was established in 1974 through combining the Sydney Campus of Saint Francis Xavier University and the Nova Scotia Eastern Institute of Technology into a single institution. CBU offers liberal arts, science, and professional programs to approximately 3,500 students in Sydney, Nova Scotia. The university states that it is known as Atlantic Canada’s leader in Aboriginal post-secondary education.
Cape Breton University offers over 60 degrees, certificates, and diplomas in Arts, Social Sciences & Culture; Business; Education; Engineering & Technology; Health & Well-Being; and Sciences. It is one of the five universities in Canada to offer a Bachelor of Health Science (Public Health). Enrolment at CBU is comprised of approximately 60% Nova Scotia based students and 30% international students.
Cape Breton University had 6 research chairs in F2018, including Tier II Canada Research Chairs in Determinants of Healthy Communities, Communities and Cultures, and Musical Traditions. CBU reported annual research funding of $45,608 per faculty member in 2018.
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Results and Impact
Cape Breton University reports that it produced an average of 0.63 academic publications per faculty member in 2018. CBU reports that results from a 2008 graduate follow-up survey by the Maritime Provinces Higher Education Council found that 97% of Nova Scotia grads are employed, and that 91% were satisfied with their job.
While Ci highlights these key results, they may not be a complete representation of Cape Breton University’s results and impact.
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Finances
Cape Breton University received total donations of $6.9m in F2019. Administrative costs are 13% of revenues (excluding investment income). CBU reports no fundraising costs in F2019. For every dollar donated, 87 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Net funding reserves of $83.4m can cover 1.5 years of annual program costs.
This charity report is an update that has been sent to Cape Breton University for review. Changes and edits may be forthcoming.
Updated on July 11, 2019 by Lauren Chin.
Financial Review
Fiscal year ending March
|
2019 | 2018 | 2017 |
|---|---|---|---|
| Administrative costs as % of revenues | 12.5% | 14.6% | 16.1% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 12.5% | 14.5% | 16.1% |
| Program cost coverage (%) | 81.5% | 28.7% | 16.0% |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 6,906 | 7,091 | 7,954 |
| Government funding | 24,421 | 23,441 | 22,215 |
| Fees for service | 47,333 | 29,102 | 24,467 |
| Business activities (net) | 743 | 832 | 547 |
| Investment income | 2,010 | 653 | 1,257 |
| Other income | 3,038 | 2,619 | 2,813 |
| Total revenues | 84,450 | 63,738 | 59,252 |
| Program costs | 55,946 | 48,013 | 46,554 |
| Administrative costs | 10,311 | 9,177 | 9,353 |
| Fundraising costs | 0 | 0 | 0 |
| Other costs | 97 | 273 | 2,011 |
| Total spending | 66,354 | 57,463 | 57,918 |
| Cash flow from operations | 18,096 | 6,275 | 1,334 |
| Funding reserves | 83,372 | 49,423 | 40,576 |
Note: Ci has considered ancillary enterprises as a business activity and calculated ancillary enterprises revenue net of expenses affecting revenues and expenses by ($2.3m) in F2019, ($2.2m) in F2018, and ($2.4m) in F2017. Ci has adjusted for amortization of deferred capital contributions, affecting revenues by ($2.3m) in F2019, ($3.2m) in F2018, and ($3.1m) in F2017.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
1 |
$200k - $250k |
5 |
$160k - $200k |
3 |
$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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