Southern Alberta Institute of Technology
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
A
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.
82%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.
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OVERVIEW
About Southern Alberta Institute of Technology:
Southern Alberta Institute of Technology is a 3-star charity. It has a good results reporting grade and is financially transparent. Its funding reserves can cover program costs for just under 9 months.
Founded in 1916, Southern Alberta Institute of Technology (SAIT) aims to be a global leader in applied education. Located in Calgary, Alberta, SAIT offers career programs, 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 30,160 students in its certificate, diploma, post-diploma certificate, applied degree, degree, apprenticeship, and non-credit programs in F2021. This is an 18% decrease from 36,706 students enrolled in F2020. SAIT offered 29 apprentice programs and 4,729 apprentices were enrolled in F2021. The University also had 1,702 international students in F2021.
SAIT has 77,000 square feet of specialized research labs. In F2021, Applied Research and Innovation Services created 90 prototypes and worked with 244 companies. The University has a 47% ratio of industry research income to total research income.
Southern Alberta Institute of Technology was rated one of the top 10 research colleges in Canada in F2021 by Re$earch Infosource Inc.
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Results and Impact
In a 2021 employer satisfaction survey, Southern Alberta Institute of Technology reports that 91% of employers are satisfied with the quality of SAIT graduates, 93% of employers agree that SAIT provides graduates with appropriate skills, and 99% of employers are likely to hire SAIT graduates.
In a survey of 2021 graduates, SAIT reports that 89% were satisfied with the quality of their program, 82% would recommend SAIT, and 85% were satisfied with the quality of their educational experience.
Additionally, Southern Alberta Institute of Technology reports that it had an 89% retention rate for full-time credit programs in F2021.
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
In F2021, SAIT switched its fiscal year end from June to March. This resulted in a nine-month fiscal year in F2021.
Southern Alberta Institute of Technology received total donations of $28.6m in F2021. It also received $85.8m in student fees and tuition (32% of revenues) and $138.7m in government funding (52% of revenues). Administrative costs are 24% of revenues (excluding investment income). SAIT reports no fundraising costs. For every dollar donated, 76 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
SAIT has net funding reserves of $153.9m of which $60.8m is donor-endowed. Excluding donor-endowed funds, SAIT can cover annual program costs for just under nine months.
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 14, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 14.4% | 19.2% | 17.9% |
| Fundraising costs as % of donations | 3.5% | 4.7% | 7.3% |
| Total overhead spending | 17.9% | 23.8% | 25.2% |
| Program cost coverage (%) | 61.6% | 25.0% | 17.6% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 28,613 | 38,631 | 30,860 |
| Government funding | 138,693 | 183,864 | 198,502 |
| Fees for service | 85,826 | 106,093 | 109,468 |
| Business activities (net) | 11,716 | 38,057 | 39,181 |
| Investment income | 4,128 | 5,106 | 6,566 |
| Other income | 0 | 145 | 0 |
| Total revenues | 268,976 | 371,896 | 384,577 |
| Program costs | 154,094 | 228,287 | 237,229 |
| Administrative costs | 38,235 | 70,264 | 67,755 |
| Fundraising costs | 1,004 | 1,812 | 2,250 |
| Total spending | 193,333 | 300,363 | 307,234 |
| Cash flow from operations | 75,643 | 71,533 | 77,343 |
| Capital spending | 18,322 | 21,279 | 34,051 |
| Funding reserves | 153,887 | 112,323 | 95,286 |
Note: Ci adjusted for deferred revenue to report revenue on a cash basis. This increased total revenues by $17.5m in F2021, $26.3m in F2020, and $17.1m in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
2 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
8 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-284-7248