Southern Alberta Institute of Technology

1301 16 Ave NW
Calgary, AB T2M 0L4

Charitable Reg. #:10799 5789 RR0001

STAR RATING

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

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✔+

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


Financial Ratios

Fiscal year ending June
201820172016
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 (%) 29.8%32.4%21.4%

Summary Financial Statements

All figures in $000s
201820172016
Donations 11,66313,35212,958
Government funding 195,722199,342190,108
Fees for service 104,155107,132107,055
Business activities (net) 37,67635,54939,123
Investment income 10,3083,7903,895
Other income 03,2920
Total revenues 359,524362,457353,139
Program costs 214,185224,911217,173
Administrative costs 81,62879,18180,746
Fundraising costs 000
Total spending 295,813304,092297,919
Cash flow from operations 63,71158,36555,220
Capital spending 67,89036,95031,309
Funding reserves 63,91772,84846,552

Salary Information

Full-time staff: 1,514

Avg. Compensation $135,430

Top 10 staff salary range

$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

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Charity Contact

Website: www.sait.ca
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