Mount Allison University
- Assets
- $298.6m
- Revenue
- $87.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 06/1979
- Data as of
- 04/2023
- EIN
- 98-0033473
Organization Overview
Mount Allison University is located in null. The organization was established in 1979. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Mount Allison University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Mount Allison University generated $87.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $63.7m during the year ending 04/2023. While expenses have increased by 4.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES RIGOROUS LIBERAL EDUCATION PRIMARILY TO UNDERGRADUATE STUDENTS IN A CO-EDUCATIONAL ENVIRONMENT. PROVIDES SCHOLARSHIPS, BURSARIES, AND AWARDS TO STUDENTS. WWW.MTA.CA
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT FEES
ANCILLARY STUDENT FEES
COMMISSIONS, REBATES, BOOK SALES, RETAIL SALES, SALES OF GOODS/SURPLUS OF FURNITURE AND EQUIPMENT, EVENT TICKETS, CONFERENCE REVENUE, IT SUPPORT/CONSULTATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hennessy Jeff Provost & VP Academic & Re | Trustee | 0 | $211,819 |
Inglis Robert VP Of Finance And Admin | Officer | 0 | $136,793 |
Pringle-Carver Vp, University Advancement | 0 | $135,430 | |
White Brent Associate Professor | 0 | $126,486 | |
Polegato Rosemary Professor | 0 | $125,973 | |
Ricker Laurie Professor | 0 | $125,973 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pomerleau Inc Construction&enginee | 4/29/23 | $3,823,538 |
Aramark Food Service | 4/29/23 | $3,383,013 |
Maxim Construction Inc General Contracting | 4/29/23 | $1,154,988 |
Exp Services Inc Architecture | 4/29/23 | $720,206 |
Sunlife Investment Managemen | 4/29/23 | $410,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,337,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,908,699 |
| Noncash contributions included in lines 1a–1f | $4,356,545 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,245,764 |
| Total Program Service Revenue | $29,446,874 |
| Investment income | $1,151,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,611,669 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $218,838 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,487,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,343,052 |
| Benefits paid to or for members | $873,698 |
| Compensation of current officers, directors, key employees. | $710,782 |
| Compensation of current officers, directors, key employees. | $710,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,286,676 |
| Pension plan accruals and contributions | $1,837,369 |
| Other employee benefits | $33,070 |
| Payroll taxes | $1,641,471 |
| Fees for services: Management | $546,825 |
| Fees for services: Legal | $297,834 |
| Fees for services: Accounting | $123,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $201,033 |
| Fees for services: Other | $83,602 |
| Advertising and promotion | $280,287 |
| Office expenses | $8,585,637 |
| Information technology | $1,011,624 |
| Royalties | $0 |
| Occupancy | $4,078,684 |
| Travel | $1,428,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,195 |
| Interest | $433,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,396,101 |
| Insurance | $359,503 |
| All other expenses | $154,296 |
| Total functional expenses | $63,713,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,796,036 |
| Savings and temporary cash investments | $2,455,921 |
| Pledges and grants receivable | $1,009,588 |
| Accounts receivable, net | $1,231,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $391,167 |
| Prepaid expenses and deferred charges | $1,145,517 |
| Net Land, buildings, and equipment | $101,869,615 |
| Investments—publicly traded securities | $179,425,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,318,987 |
| Total assets | $298,644,680 |
| Accounts payable and accrued expenses | $7,792,418 |
| Grants payable | $0 |
| Deferred revenue | $1,464,440 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,348,632 |
| Total liabilities | $81,605,490 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $43,014,097 |
| Retained earnings, endowment, accumulated income, or other funds | $174,025,093 |
| Total liabilities and net assets/fund balances | $298,644,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|