Civic Intelligence

University of New Brunswick

EIN 23-7103810 • 501(c)3 • Fredericton, New Brunswick, CA

Pub. 78 Eligible

Profile

To inspire and educate our people to become problem solvers and leaders in the world undertake research that addresses societal and scientific challenges and engage with our partners to build a more just sustainable and inclusive world.

8 Bailey Drive Room 107Fredericton, New Brunswick E3B5A3CA

www.unb.ca

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.48x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

77th percentile

1.10x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

65th percentile

9.5%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

19th percentile

$396,143

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

40th percentile

4.1%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$736,364,332

Up $29,093,194 (+4.1%) from 2024

Liabilities

Up

$354,177,268

Up $4,383,899 (+1.3%) from 2024

Net Assets

Up

$382,187,064

Up $24,709,295 (+6.9%) from 2024

Operations
Liabilities / Revenue77th percentileNet Margin65th percentile

Revenue

Up

$321,501,621

Up $30,451,966 (+10%) from 2024

Expenses

Up

$290,857,882

Up $1,535,161 (+0.5%) from 2024

Net Income

Up

$30,643,739

Up $28,916,805 (+1674%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0Assets 2021: $684,771,582Liabilities 2021: $109,063,511Net Assets 2021: $575,708,0712021Assets 2022: $704,415,307Liabilities 2022: $401,216,388Net Assets 2022: $303,198,9192022Assets 2023: $682,835,210Liabilities 2023: $362,463,864Net Assets 2023: $320,371,3462023Assets 2024: $707,271,138Liabilities 2024: $349,793,369Net Assets 2024: $357,477,7692024Assets 2025: $736,364,332Liabilities 2025: $354,177,268Net Assets 2025: $382,187,0642025

Highlighted filing

2025

Assets$736,364,332
Liabilities$354,177,268
Net Assets$382,187,064
Open 2025 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400M$300M$200M$100M$0Revenue 2021: $290,461,404Expenses 2021: $234,574,685Net Income 2021: $55,886,7192021Revenue 2022: $290,128,782Expenses 2022: $264,771,583Net Income 2022: $25,357,1992022Revenue 2023: $275,522,543Expenses 2023: $266,345,970Net Income 2023: $9,176,5732023Revenue 2024: $291,049,655Expenses 2024: $289,322,721Net Income 2024: $1,726,9342024Revenue 2025: $321,501,621Expenses 2025: $290,857,882Net Income 2025: $30,643,7392025

Highlighted filing

2025

Revenue$321,501,621
Expenses$290,857,882
Net Income$30,643,739
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$736,364,332
Liabilities
$354,177,268
Net assets
$382,187,064
Revenue
$321,501,621
Expenses
$290,857,882
Net income
$30,643,739
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$736$354$382$322$291$30.6
2024Detailed filing. Detailed filing data is available for this year.$707$350$357$291$289$1.73
2023Detailed filing. Detailed filing data is available for this year.$683$362$320$276$266$9.18
2022Detailed filing. Detailed filing data is available for this year.$704$401$303$290$265$25.4
2021Detailed filing. Detailed filing data is available for this year.$685$109$576$290$235$55.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Mar 2, 2026
Return Version
2024v5.1
Gross Receipts
$321,501,621
Mission and Program Overview

Mission

To inspire and educate our people to become problem solvers and leaders in the world undertake research that addresses societal and scientific challenges and engage with our partners to build a more just sustainable and inclusive world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$357,719,614$372,705,292▲ $14,985,678
Land, Buildings, and Equipment, Net$265,386,028$280,774,745▲ $15,388,717
Cash and Non-Interest-Bearing Accounts$52,376,427$49,123,341▼ $3,253,086
Accounts Receivable$18,803,508$19,873,808▲ $1,070,300
Pledges and Grants Receivable$5,929,849$6,905,729▲ $975,880
Prepaid Expenses and Deferred Charges$5,391,748$5,517,608▲ $125,860
Inventories for Sale or Use$1,477,269$1,347,713▼ $129,556
Other Notes and Loans Receivable, Net$186,695$116,096▼ $70,599
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$707,271,138$736,364,332▲ $29,093,194
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$285,779,352$289,081,873▲ $3,302,521
Accounts Payable and Accrued Expenses$26,859,165$28,055,124▲ $1,195,959
Mortgage Notes Payable Secured by Investment Property$24,859,274$27,648,100▲ $2,788,826
Deferred Revenue$12,295,578$9,392,171▼ $2,903,407
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$349,793,369$354,177,268▲ $4,383,899
Net Assets / Fund Balance
Net Assets With Donor Restrictions$190,075,309$197,696,885▲ $7,621,576
Net Assets Without Donor Restrictions$167,402,460$184,490,179▲ $17,087,719
Total Net Assets Fund Balance$357,477,769$382,187,064▲ $24,709,295
Total Liabilities and Net Assets / Fund Balance$707,271,138$736,364,332▲ $29,093,194

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$253,141,027$195,870,390$449,011,417
Equipment$11,857,496$84,996,833$96,854,329
Other Land Buildings$15,006,350$71,572,026$86,578,376
Land$769,872-$769,872

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$215,783,795$6,363,333▲ $23,657,531$2,010,785$236,774,410
2023$206,457,959$8,621,297▲ $14,106,461$2,339,773$220,952,777
2022$198,903,937$3,981,724▲ $14,079,533$1,831,525$209,416,856
2021$217,033,387$5,333,769▼ $960,833$1,873,720$213,500,421
2020$177,818,326$4,540,411▲ $33,418,724$1,677,179$208,605,017
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul MazerollePresidentFT$397,798$23,290$421,088
Jennifer RussellExecutive DirectorFT$232,921$29,528$262,449
Petra HaufProvost and Vice Presodent AcademicFT$229,154$23,290$252,444
Andrew McAllisterProfessorFT$215,893$19,733$235,626
William BestVice President Administration and FinanceFT$207,135$27,025$234,160
David MageeVice President ResearchFT$205,412$23,207$228,619
Caroline PurdyProfessorFT$210,754$17,128$227,882
Kathy WilsonVice Provost Learning and Student ExperienceFT$190,241$23,119$213,360
Stephen GrantProfessorFT$177,876$19,747$197,623
Van LantzVice Provost Academic AdministrationFT$171,052$22,932$193,984
Michel RodVice Provost Strategic EnrolmentFT$171,124$20,977$192,101
Yuri YevdokimovProfessorFT$174,879$15,732$190,611
Timothy AldersonProfessorFT$157,237$20,231$177,468
Alexandra FerrisProfessorFT$139,312$19,719$159,031
George MacLeanProfessorFT$156,107-$156,107
R C HamiltonAssociate ProfessorFT$122,767$17,532$140,299
John NevilleAssociate Vice President Finance and ComptrollerFT$124,350$15,679$140,029
R C HamiltonAssociate Vice President Finance and Comptroller-$124,350$15,679$140,029
Kelly Scott-StoreyAssociate ProfessorFT$119,235$16,672$135,907
Scott PaveyAssociate ProfessorFT$117,762$16,491$134,253
Peter SyroidProfessorFT$112,467$16,170$128,637
Brian LowryVice-President AdvancementFT$119,971-$119,971
-Vice-President Advancement-$119,971-$119,971
Heer PabariTrustee-$5,036-$5,036
David PerleyTrustee-$4,847-$4,847
Safe AbujayyabTrustee-$4,588-$4,588
Caitlin GroganTrustee-$2,119-$2,119

Board Members and Trustees

NameTitle
-Trustee
Beverley CoreyTrustee
Brian LoveTrustee
Christopher MacDonaldTrustee
Donna ReardonTrustee
Elizabeth WattTrustee
H Wade McLauchlanTrustee
Jane Kidney-HermelinTrustee
Janet HoytTrustee
Janet KnoxTrustee
Jennifer FlanaganTrustee
Jennifer WardTrustee
Jill JeffreyTrustee
Jill JollineauTrustee
Judith BegleyTrustee
Julia McLauchlanTrustee
Kate RogersTrustee
Kevin HoytTrustee
Peter LagacyTrustee
Rhonda Connors-LosierTrustee
Robyn TingleyTrustee
Terrence MalleyTrustee
Thomas GribbonsTrustee
Wayne CarsonTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Scotiabank Commericial Card ServicesBanking servicesPO Box 8828, Postal Station A, Toronto, Ontario, Ca$13,250,192
Pomerleau IncBuilding construction1496 Bedford Highway, Suite 500, Bedford, Nova Scotia, Ca$8,757,763
Medavie Blue CrossEmployee benefits644 Main Street, Connell Park Road, Moncton, New Brunswick, Ca$6,391,988
Compass Group Canada LtdCatering and food servicesPO Box 549, Woodstock, New Brunswick, Ca$6,165,374
EllisDon Group of CompaniesBuilding construction1000 1004 Middlegate Road, Mississauga, Ontario, Ca$6,161,278
Revenue and Support

Revenue Composition

Contributions and Grants
$135,977,292
Program Service Revenue
$140,931,486
Investment Income
$41,227,180
Other Revenue
$3,365,663
All Other Contributions
$1,457,780
Change in Net Assets
$30,643,739

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art5$33,875Appraisal
Books and Publications-$30,682Appraisal
Other Non Cash Contri Table1$6,526Appraisal
Total Noncash Contributions6$71,083-

Audited Revenue Reconciliation

Revenue per Audited Statements
$321,501,621
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-19,583,612
Total Revenue per Audited Statements
$301,918,009
Total Revenue per Form 990
$321,501,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$185,458,914
Other Expenses$89,499,609
Grants and Similar Amounts Paid$15,899,359
Total Fundraising Expense$3,357,745
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$129,900,143$21,579,857$2,233,328$153,713,328
All Other Expenses$22,307,888$2,551,887$339,527$25,199,302
Occupancy$9,863,889$14,163,107$10,688$24,037,684
Pension Plan Contributions$15,373,844$856,660$61,190$16,291,694
Foreign Grants$15,899,359--$15,899,359
Depreciation Depletion$11,729,731$1,909,491$0$13,639,222
Payroll Taxes$6,542,435$1,077,578$76,970$7,696,983
Travel$5,424,054$1,339,529$92,904$6,856,487
Fees for Services Other$4,328,100$2,160,833$39,008$6,527,941
Other Employee Benefits$3,269,516$1,819,460$335,812$5,424,788
Office Expenses$3,631,039$553,826$77,199$4,262,064
Current Officers, Directors, Trustees, and Key Employees$1,018,501$1,313,620$0$2,332,121
Information Technology$2,131,190$170,564$0$2,301,754
Fees for Service Investment Mgmnt Fees$0$2,125,839$0$2,125,839
Advertising$741,088$1,159,317$54,054$1,954,459
Interest$941,350$198,824$30,096$1,170,270
Conferences and Meetings$759,692$121,956$6,969$888,617
Fees for Services Legal$63,832$349,033$0$412,865
Fees for Services Accounting$0$123,105$0$123,105
Total Functional Expenses$233,925,651$53,574,486$3,357,745$290,857,882

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$290,857,882
Total Expenses per Audited Statements$290,857,882
Total Expenses per Form 990$290,857,882
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
1
Employees
5,523
Spending
$290,857,884

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram servicesSee Statements15,523$274,958,525
North AmericaGrants to recipientsSee Statements00$15,899,359
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unexpended deferred contributions Note 13$152,026,410
Unexpended deferred capital contributions$112,129,785
Employee future benefits$24,925,678
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 2

“Richard Currie and Elizabeth Watt are blood relatives.”

Part VI, Line 7A

“3 members appointed by the Associated Alumni 2 members appointed by the Associated Alumnae 5 members appointed by the Board of Governors 6 members appointed by UNB Faculty 10 members appointed by the Lieutenant-Governor in Council of New Brunswick 1 member appointed by the New Brunswick Teachers Association 3 student representatives appointed by UNB students 5 Governors Emeriti appointed by the Board of Governors 1 Chancellor Emeritus appointed by the Board of Governors”

Part VI, Line 11B

“No review was or will be conducted.”

Part VI, Line 15

“The process for determining compensation includes a review of salary comparability to other relevant organizations. Final compensation for these positions goes to the Board of Governors for approval.”

Part VI, Line 19

“Governing documents and financial statements are available to the public online www.unb.ca”

Filing and Contact Details

Filer

Filer Name
University of New Brunswick
EIN
23-7103810
Address
CA

Signing Officer

Name
Debbie Tyler
Title
Director Accounting & Reporting
Phone
5064587832
Signed
2026-03-02

Organization Details

Principal Officer
William Best
Formed
1800
Voting Board Members
34
Independent Board Members
23
Employees
0
Volunteers
28
Supplemental Narrative

Additional Explanations

Doing Business As Names

“University of New Brunswick”

Part XI, Line 9

“| Description:, Explanation:, Amount:| Remeasurement gains losses $10,106,370; capitalized income $5,215,614; endowed net assets contributions $6,338,498; foreign exchange in opening balance -$8,011,312, Financial statement adjustments, $13649168|”

Header General

“| Explanation:| Canadian dollars were converted to US dollars for the reporting on this return following the books and records. The income statement utilized the average foreign exchange rate for the period 05 01 24-04 30 25. The balance sheet utilized the foreign exchange rate as at 04 30 25.”

Financial Statement Notes

Part XI, line 2D

“Gifts in kind”

Part V, line 4

“The majority of endowments are intended for scholarships”

Raw XML AppendixShowing 400 of 1,409 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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