Mount Allison University
- Assets
- $300.8m
- Revenue
- $66.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 06/1979
- Data as of
- 04/2022
- 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 04/2022, Mount Allison University generated $66.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $62.9m during the year ending 04/2022. 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
2022
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 |
|---|---|---|---|
Boudreau Jean-Paul President And Vice-Chancelor | Trustee | 0 | $235,174 |
Hennessy Jeff Provost & Vp, Academic & Resea | Officer | 0 | $149,940 |
Inglis Robert VP Of Finance And Admin | Officer | 0 | $140,896 |
Pringle-Carver Vp, University Advancement | 0 | $139,909 | |
Ricker Laurie Professor | 0 | $130,992 | |
Polegato Rosemary Professor | 0 | $130,992 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interuniversity Services Inc Us Library Acquisitions | 4/29/22 | $513,249 |
Siemens Canada Limited Ventilation | 4/29/22 | $476,047 |
Aramark Food Service | 4/29/22 | $3,032,096 |
Canada Inc Oa Johnson Controls Roofing | 4/29/22 | $449,879 |
Exp Services Inc Architecture | 4/29/22 | $567,096 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,195,731 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,951,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,147,592 |
| Total Program Service Revenue | $29,599,602 |
| Investment income | $228,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,890,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,512 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,105,843 |
| 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 | $4,750,230 |
| Benefits paid to or for members | $962,924 |
| Compensation of current officers, directors, key employees. | $981,221 |
| Compensation of current officers, directors, key employees. | $981,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,952,837 |
| Pension plan accruals and contributions | $1,842,938 |
| Other employee benefits | $41,530 |
| Payroll taxes | $1,545,605 |
| Fees for services: Management | $536,814 |
| Fees for services: Legal | $351,994 |
| Fees for services: Accounting | $64,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $193,696 |
| Fees for services: Other | $81,870 |
| Advertising and promotion | $332,253 |
| Office expenses | $8,316,152 |
| Information technology | $1,070,105 |
| Royalties | $0 |
| Occupancy | $3,942,099 |
| Travel | $629,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $378 |
| Interest | $319,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,635,909 |
| Insurance | $312,000 |
| All other expenses | $63,257 |
| Total functional expenses | $62,928,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,622,901 |
| Savings and temporary cash investments | $7,193,977 |
| Pledges and grants receivable | $1,265,683 |
| Accounts receivable, net | $1,123,752 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $233,172 |
| Prepaid expenses and deferred charges | $886,308 |
| Net Land, buildings, and equipment | $103,354,422 |
| Investments—publicly traded securities | $178,886,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,240,500 |
| Total assets | $300,806,982 |
| Accounts payable and accrued expenses | $6,809,865 |
| Grants payable | $0 |
| Deferred revenue | $3,323,817 |
| 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 | $65,872,729 |
| Total liabilities | $76,006,411 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $44,343,473 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $180,457,098 |
| Total liabilities and net assets/fund balances | $300,806,982 |
Endowment Analysis
| Beg. Balance | $201,315,854 |
| Earnings | -$928,852 |
| Net Contributions | $3,295,746 |
| Ending Balance | $203,682,748 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Allison University | $300,806,982 | $66,105,843 |
Victoria University | $655,176,000 | $66,175,309 |
John Cabot University | $50,136,989 | $21,914,757 |
Escuela De Agricultura De La Region Tropical Humeda | $149,733,803 | $29,374,979 |
Bishops University Foundation | $68,918,258 | $5,331,274 |
Trinity Western University | $5,466,709 | $1,378,332 |
Metropolitan Andrey Sheptytsky Institute Foundation | $5,590,003 | $641,724 |