1600 West Bank Drive
Peterborough, ON K9L 0G2
President: Dr. Leo Groarke
Board Chair: Debra Cooper Burger

Charitable Reg. #:11926 8928 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]

✔+

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.

79%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.



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OVERVIEW

About Trent University:

Trent University is a four-star charity with an above average results reporting grade. It is financially transparent and excluding donor-endowed funds it can cover around one or two months of program costs.

Founded in 1964, Trent University (Trent) is a public university in Ontario. It has two campuses, one in Peterborough and one in Durham. Trent aims to create an inclusive learning environment promoting leadership and social change. It offers both undergraduate and graduate programs. Trent University places a strong focus on the humanities, social sciences, and natural sciences.

For the academic year 2022/2023, 12,649 students attended Trent University. In its Peterborough campus, Trent had 9,719 undergraduate and 753 graduate students. Trent’s Durham campus had 2,082 undergraduate and 95 graduate students enrolled. The student population included 1,682 international students and 415 Indigenous students. Trent University boasts a student to faculty ratio of 20:1.

Trent supports research at both a graduate and undergraduate level. It is currently supporting 484 research projects. Its main areas of research are Humanities, Culture & Indigenous Studies, Aging, Health & Sustainable Communities and Environmental studies. There are currently ten Canada research chairs at Trent.

According to the Maclean's university rankings, Trent ranks first in Ontario and fourth in Canada for undergraduate education in 2023. It also ranks first in Ontario for student scholarships and bursaries. Trent ranks second in Canada for most innovative university.

Trent University plays a large role in the Peterborough community. In F2022, it reports having an annual economic impact of around $675m. It also hosts a wide array of public events. In F2022 it hosted the FemSTEAM conference with Fleming College. More than 1,500 students from schools in Peterborough attended the event.

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Results and Impact

As of 2019, Trent University reports that 93% of its graduates find a job within six months of graduation. It reports that 100% of its nursing and mathematics graduates have a job two years after graduation. For physical sciences graduates, Trent reports a 100% graduation rate six months after graduation.

While Ci highlights these key results, they may not be a complete representation of Trent University’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

Trent University received $9.8m in donations in F2022. In F2022, Trent received $136.2m (61% of total revenues) from tuition fees, and $66.8m (30% of total revenues) in government funding. Administrative costs are 5% of revenues (less investment income) and fundraising costs are 15% of donations. This results in total overhead spending of 21% for F2022. For every dollar donated to the charity, 79 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.

Trent University has $168.0m in gross funding reserves and $71.0m in interest-bearing liabilities. Within its funding reserves, $73.5m is donor-endowed. Excluding donor-endowed funds, the charity can cover 13% or between one and two months of annual program costs with its current reserves. When excluding its liabilities, Trent’s gross funding reserves can cover 54% or between six and seven months of program costs.

This charity report is an update that has been sent to Trent University. Changes and edits may be forthcoming.

Updated on May 24, 2023 by Alessandra Castino.

Financial Review


Financial Ratios

Fiscal year ending April
202220212020
Administrative costs as % of revenues 5.3%4.4%4.9%
Fundraising costs as % of donations 15.4%15.8%17.0%
Total overhead spending 20.6%20.1%21.9%
Program cost coverage (%) 13.4%(0.5%)(1.2%)

Summary Financial Statements

All figures in $000s
202220212020
Donations 6,8667,2166,638
Government funding 66,81170,22964,918
Fees for service 136,241111,425114,932
Investment income 1,8293,7632,691
Other income 8,0127,0316,058
Total revenues 219,759199,664195,237
Program costs 180,007163,465165,846
Administrative costs 11,5228,5649,469
Fundraising costs 1,0541,1371,128
Other costs 2,9392,9392,939
Total spending 195,522176,106179,382
Cash flow from operations 24,23723,55815,855
Capital spending 6,45821,5826,975
Funding reserves 97,20873,02159,925

Note: Ci adjusted for deferred donations, affecting total revenues by $1.7m in F2022, $3.8m in F2021 and $2.4m in F2020. Ci adjusted for student fees received but not yet spent. This adjustment increases total revenues by $4.2m in F2022, $3.8m in F2021 and $485k in F2020. Ci adjusted for government deferred funding, which affected total revenues by ($143k) in F2022, $115k in F2021 and ($176k) in F2020. Ci was unable to adjust for an additional $160k ($891k in F2021, $2.4m in F2020) in deferred revenue as it is listed as Other in the charity’s financial statements. Ci excluded amortization of deferred capital contributions, affecting total revenues by ($2.8m) in F2022, ($5.2m) in F2021 and ($2.1m) in F2020. Ci reported changes in fair values of investments as investment income rather than expenses, affecting total revenues and expenses by ($732k) in F2022, $528k in F2021, and ($201k) in F2020. Ci gathered administrative and fundraising costs from the charity’s T3010 filings with the CRA, and removed the amounts from program costs.

Salary Information

Full-time staff: 791

Avg. compensation: $168,861

Top 10 staff salary range:

$350k +
0
$300k - $350k
1
$250k - $300k
0
$200k - $250k
9
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.trentu.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 705-748-1011

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Charitable Registration Number: 80340 7956 RR0001