Southern Alberta Institute of Technology
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.
77%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.
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Programs
About Southern Alberta Institute of Technology:
Founded in 1916, Southern Alberta Institute of Technology (SAIT) aims to be a global leader in applied education. Located in Calgary, Alberta, SAIT offers over 100 career programs, 1,300 continuing education courses, and corporate training courses to more than 200 companies each year. SAIT offers programs to students in eight faculties – Business; Construction; Energy; Health and Public Safety; Hospitality and Tourism; Information and Communications Technologies; Manufacturing; and Automation and Transportation.
Southern Alberta Institute of Technology reports a total enrolment of 14,675 students in its certificate, diploma, post-diploma certificate, applied degree, degree, apprenticeship, and non-credit programs in F2018. This is a 4% decrease from 15,226 students enrolled in F2017.
In F2018, Southern Alberta Institute of Technology reported that it supported more than 150 students in capstone and applied research projects. It also worked with teaching faculty on 5 technical projects and completed an additional 50 projects.
Southern Alberta Institute of Technology’s community outreach programs include co-curricular records (CCR), summer camps for Indigenous youth, study abroad, and much more. In F2018, SAIT had 295 participants get approval for CCR activities. SAIT anticipates a 25% increase in the number of approved activities and participants in F2019. SAIT also hosted 28 Indigenous youth for two weeks in July 2018 in its summer camps.
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Results and Impact
Southern Alberta Institute of Technology reports that in a survey of 2017 graduates, 90% are employed which is 8 percentage points up from the previous year. SAIT also found that 98% of employers are likely or very likely to hire a SAIT graduate in the future. Additionally, 93% of employers are somewhat or very satisfied with the quality of SAIT’s graduates.
Southern Alberta Institute of Technology says that the graduation rate for First Nations and Inuit students has increased steadily over the last eight years. The rate increased from 41% in F2008 to 63% in F2015.
While Ci highlights these key results, they may not be a complete representation of Southern Alberta Institute of Technology’s results and impact.
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Finances
Southern Alberta Institute of Technology received total donations of $11.7m in F2018. Administrative costs are 23% of revenues (excluding investment income). SAIT reports no fundraising costs. For every dollar donated, 77 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Net funding reserves of $63.9m (including an endowment of $8.8m) can cover 4 months of annual program costs.
This charity report is an update that has been sent to Southern Alberta Institute of Technology for review. Changes and edits may be forthcoming.
Updated on July 10, 2019 by Lauren Chin.
Financial Review
Fiscal year ending June
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 23.4% | 22.1% | 23.1% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 23.4% | 22.1% | 23.1% |
| Program cost coverage (%) | 25.8% | 31.1% | 19.9% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 11,663 | 13,352 | 12,958 |
| Government funding | 195,722 | 199,342 | 190,108 |
| Fees for service | 104,155 | 107,132 | 107,055 |
| Business activities (net) | 37,676 | 35,549 | 39,123 |
| Investment income | 10,308 | 3,790 | 3,895 |
| Other income | 0 | 3,292 | 0 |
| Total revenues | 359,524 | 362,457 | 353,139 |
| Program costs | 214,185 | 224,911 | 217,173 |
| Administrative costs | 81,628 | 79,181 | 80,746 |
| Fundraising costs | 0 | 0 | 0 |
| Total spending | 295,813 | 304,092 | 297,919 |
| Cash flow from operations | 63,711 | 58,365 | 55,220 |
| Capital spending | 67,890 | 36,950 | 31,309 |
| Funding reserves | 63,917 | 72,848 | 46,552 |
Salary Information
$350k + |
4 |
$300k - $350k |
0 |
$250k - $300k |
4 |
$200k - $250k |
2 |
$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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