Civic Intelligence

Mount Allison University

990 • Fiscal year 2022 • EIN 98-0033473

May 01, 2021 to Apr 30, 2022 • Filed on Mar 14, 2023

65 York StreetSackville, New Brunswick E4L 1E4CA

(506) 364-2525

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.25x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

1.15x

Higher debt load relative to revenue than 78% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

52nd percentile

4.8%

Higher net margin than 52% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

8th percentile

$235,174

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

53rd percentile

-2.5%

Faster asset growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-7.1%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Assets

Down

$300,806,982

Down $7,844,938 (-2.5%) from 2021

Net Assets

Down

$224,800,571

Down $6,212,145 (-2.7%) from 2021

Liabilities

Down

$76,006,411

Down $1,632,793 (-2.1%) from 2021

Revenue

Down

$66,105,843

Down $5,064,861 (-7.1%) from 2021

Expenses

Up

$62,928,621

Up $7,044,654 (+13%) from 2021

Net Income

Down

$3,177,222

Down $12,109,515 (-79%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2011: $228,875,169Liabilities 2011: $73,331,544Net Assets 2011: $155,543,6252011Assets 2012: $225,680,198Liabilities 2012: $69,015,376Net Assets 2012: $156,664,8222012Assets 2013: $245,629,645Liabilities 2013: $78,784,326Net Assets 2013: $166,845,3182013Assets 2014: $245,304,366Liabilities 2014: $76,450,944Net Assets 2014: $168,853,4222014Assets 2015: $244,409,011Liabilities 2015: $68,346,782Net Assets 2015: $176,062,2292015Assets 2016: $231,298,874Liabilities 2016: $68,326,089Net Assets 2016: $162,972,7852016Assets 2017: $231,509,393Liabilities 2017: $63,636,401Net Assets 2017: $167,872,9922017Assets 2018: $257,754,430Liabilities 2018: $72,932,981Net Assets 2018: $184,821,4492018Assets 2019: $256,530,893Liabilities 2019: $72,147,800Net Assets 2019: $184,383,0932019Assets 2020: $241,630,463Liabilities 2020: $71,992,198Net Assets 2020: $169,638,2652020Assets 2021: $308,651,920Liabilities 2021: $77,639,204Net Assets 2021: $231,012,7162021Assets 2022: $300,806,982Liabilities 2022: $76,006,411Net Assets 2022: $224,800,5712022Assets 2023: $298,644,680Liabilities 2023: $81,605,490Net Assets 2023: $217,039,1902023Assets 2024: $325,778,592Liabilities 2024: $99,873,105Net Assets 2024: $225,905,4872024Assets 2025: $342,054,155Liabilities 2025: $107,815,950Net Assets 2025: $234,238,2052025

Highlighted filing

2022

Assets$300,806,982
Liabilities$76,006,411
Net Assets$224,800,571

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MRevenue 2011: $69,724,710Expenses 2011: $59,201,261Net Income 2011: $10,523,4492011Revenue 2012: $71,282,478Expenses 2012: $61,902,667Net Income 2012: $9,379,8112012Revenue 2013: $80,694,560Expenses 2013: $63,961,882Net Income 2013: $16,732,6782013Revenue 2014: $68,820,729Expenses 2014: $59,796,614Net Income 2014: $9,024,1152014Revenue 2015: $71,040,938Expenses 2015: $56,588,707Net Income 2015: $14,452,2312015Revenue 2016: $51,114,927Expenses 2016: $51,502,378Net Income 2016: -$387,4512016Revenue 2017: $58,701,960Expenses 2017: $52,121,625Net Income 2017: $6,580,3352017Revenue 2018: $59,857,143Expenses 2018: $54,585,658Net Income 2018: $5,271,4852018Revenue 2019: $57,983,535Expenses 2019: $54,221,265Net Income 2019: $3,762,2702019Revenue 2020: $55,362,529Expenses 2020: $57,163,447Net Income 2020: -$1,800,9182020Revenue 2021: $71,170,704Expenses 2021: $55,883,967Net Income 2021: $15,286,7372021Revenue 2022: $66,105,843Expenses 2022: $62,928,621Net Income 2022: $3,177,2222022Revenue 2023: $87,487,465Expenses 2023: $63,713,471Net Income 2023: $23,773,9942023Revenue 2024: $78,996,621Expenses 2024: $64,521,427Net Income 2024: $14,475,1942024Revenue 2025: $68,850,017Expenses 2025: $66,598,539Net Income 2025: $2,251,4782025

Highlighted filing

2022

Revenue$66,105,843
Expenses$62,928,621
Net Income$3,177,222
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Mar 14, 2023
Return Version
2021v4.2
Gross Receipts
$70,831,891
Mission and Program Overview

Mission

Provides rigorous liberal education primarily to undergraduate students in a co-educational, intimate residential environment. Provides scholarships, bursaries, and awards to students. Please see www.mta.ca for a full description of the university's activities.

Provides rigorous liberal education primarily to undergraduate students in a co-educational environment. Provides scholarships, bursaries, and awards to students. www.mta.ca

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$185,635,993$180,457,098▼ $5,178,895
Investments in Publicly Traded Securities$182,275,805$178,886,267▼ $3,389,538
Land, Buildings, and Equipment, Net$108,733,570$103,354,422▼ $5,379,148
Pd in Cap Srpls Land Bldg Eqp Fund$45,376,723$0▼ $45,376,723
Cap Stk Tr Prin Current Funds$0$44,343,473▲ $44,343,473
Savings and Temporary Cash Investments$552,765$7,193,977▲ $6,641,212
Cash and Non-Interest-Bearing Accounts$6,639,676$2,622,901▼ $4,016,775
Pledges and Grants Receivable$324,452$1,265,683▲ $941,231
Accounts Receivable$2,091,096$1,123,752▼ $967,344
Prepaid Expenses and Deferred Charges$856,453$886,308▲ $29,855
Inventories for Sale or Use$340,134$233,172▼ $106,962
Other Notes and Loans Receivable, Net$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$308,651,920$300,806,982▼ $7,844,938
Other Assets Total$6,837,969$5,240,500▼ $1,597,469
Liabilities
Other Liabilities$70,363,212$65,872,729▼ $4,490,483
Accounts Payable and Accrued Expenses$6,140,169$6,809,865▲ $669,696
Deferred Revenue$1,135,823$3,323,817▲ $2,187,994
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$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$77,639,204$76,006,411▼ $1,632,793
Net Assets / Fund Balance
Total Net Assets Fund Balance$231,012,716$224,800,571▼ $6,212,145
Total Liabilities and Net Assets / Fund Balance$308,651,920$300,806,982▼ $7,844,938

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$101,014,256$109,068,644$210,082,900
Equipment$2,340,164$18,177,306$20,517,471
Other Land Buildings$1-$1
Land$1-$1

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$201,315,854$3,295,746▼ $928,852-$203,682,748
2020$171,218,416$5,847,586▲ $24,249,852-$201,315,854
2019$178,964,031$2,114,066▼ $9,859,681-$171,218,416
2018$172,602,752$1,241,137▲ $5,120,142-$178,964,031
2017$168,170,991$5,279,833▼ $848,072-$172,602,752
Compensation and Service Providers

Employees

NameTitleBaseTotal
Boudreau Jean-PaulPresident and Vice-chancelor$235,174$235,174
Hennessy JeffProvost & VP, Academic & Resea$149,940$149,940
Inglis RobertVP of Finance and Admin$140,896$140,896
Pringle-CarverVP, University Advancement$139,909$139,909
Polegato RosemaryProfessor$130,992$130,992
Ricker LaurieProfessor$130,992$130,992
Rogosin DavidProfessor$130,992$130,992
Steuter ErinProfessor$130,992$130,992
Lloyd VettRegent and Full-time Faculty$127,898$127,898
Wilson AndrewRegent and Full-time Faculty$114,612$114,612
Titarenko EmelyanaRegent$140$140
Ferguson JonathanRegent$100$100

Highest Paid Contractors

ContractorServicesLocationCompensation
AramarkFood Service-$3,032,096
Exp Services IncArchitecture-$567,096
Interuniversity Services Inc USLibrary Acquisitions-$513,249
Siemens Canada LimitedVentilation-$476,047
Canada Inc OA Johnson ControlsRoofing-$449,879
Revenue and Support

Revenue Composition

Contributions and Grants
$28,147,592
Program Service Revenue
$29,599,602
Investment Income
$7,119,007
Other Revenue
$1,239,642
All Other Contributions
$5,951,861
Change in Net Assets
$3,177,222

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded56$1,022,344Fair Market Value (FMV)
Other Non Cash Contri Table1$919Fair Market Value (FMV)
Total Noncash Contributions57$1,023,263-

Audited Revenue Reconciliation

Revenue per Audited Statements
$65,309,306
Revenue Not Reported on Financial Statements
$796,537
Other Revenue Adjustments
$796,537
Total Revenue per Audited Statements
$65,309,306
Total Revenue per Form 990
$66,105,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$36,364,131
Other Expenses$20,851,336
Grants and Similar Amounts Paid$4,750,230
Total Fundraising Expense$1,911,070
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$28,284,546$2,375,819$1,292,472$31,952,837
Office Expenses$7,528,419$520,708$267,025$8,316,152
Foreign Grants$4,750,230--$4,750,230
Depreciation Depletion$4,635,909--$4,635,909
Occupancy$3,940,690-$1,409$3,942,099
Pension Plan Contributions$1,582,758$187,855$72,325$1,842,938
Payroll Taxes$1,327,402$157,547$60,656$1,545,605
Information Technology$1,011,731$42,251$16,123$1,070,105
Current Officers, Directors, Trustees, and Key Employees-$981,221-$981,221
Benefits to Members$962,924--$962,924
Travel$485,088$113,210$31,587$629,885
Fees for Services Management$534,559$2,255-$536,814
Fees for Services Legal-$351,994-$351,994
Advertising$88,511$75,899$167,843$332,253
Interest$317,039$2,944-$319,983
Insurance$311,385$615-$312,000
Fees for Service Investment Mgmnt Fees$111,945$81,751-$193,696
Fees for Services Other$81,253$617-$81,870
Fees for Services Accounting$24,299$40,642-$64,941
Other Expenses-$63,257-$63,257
Other Employee Benefits$35,667$4,233$1,630$41,530
Conferences and Meetings$378--$378
Total Functional Expenses$56,014,733$5,002,818$1,911,070$62,928,621

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$63,559,139
Expenses per Audited Statements$62,928,621
Total Expenses per Form 990$62,928,621
Expenses Not Reported on Form 990$630,518
International Activity

International Summary

Offices
1
Employees
1,349
Spending
$62,928,623

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 ServicesAcademic11,349$27,191,221
North AmericaProgram ServicesStudent Services--$13,131,176
North AmericaMaintaining officesBuilding & Maintenance--$12,127,509
North AmericaMaintaining officesAdministrative--$10,478,717
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
Deferred Contributions$65,872,729
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B Line 12C

Mount Allison University has a code of business conduct that has a procedure for questioning financial information and compliance with this code.

Part VI, Section B Line 15B

Mount Allison University has a separate Human Resources committee that is part of the Board to help determine compensation of key employees.

Part VI, Section C Line 19

All policies and procedures are listed under Mount Allison University: www.mta.ca

Part VI, 11B

The form 990 is prepared by one person and the reviewing by two individuals. This provides segregation of preparation and review process.

Filing and Contact Details

Filer

Filer Name
Mount Allison University
EIN
98-0033473
In Care Of
% GUYLAINE ROY CPACA
Phone
5063642525
Address
CA

Signing Officer

Name
Guylaine Roy
Title
Director Fin. Contr.
Phone
5063642243
Signed
2023-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Jean-Paul Boudreau
Formed
1849
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton LLP
Address
CA
Preparer
Amy Zhang
Phone
4163660100
Supplemental Narrative

Additional Explanations

Part XI Line 9

Adjustment on transaction from Canadian to US currency.

Financial Statement Notes

Part III, Line 4 - Description of Collection

The Owens Art Gallery permanent collection consists of approximately 4,000 works, including historical and contemporary Canadian, Indigenous, American, and European art. The historical component of the collection consists of approximately 300 18th and 19th century paintings, watercolours, prints and plaster casts (also known as the original collection), works related to the Mount Allison Ladies College, etc. For the year ended April 30, 2022, donated artwork valued at $29,850 and purchased acquisitions of $5,546 were added to the permanent collection.

Part V, Line 4

The Endowment Funds are used to support financial aid and the academic mission of the University.

Part XI, Line 4B

Revenue adjustment for deferred donations that are restricted.

Part XII, Line 2D

Cost of goods sold are recorded in the expenditures side of the financial statements

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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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
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IRS990/Form990PartVIISectionAGrp/PersonNm2Inglis Robert
IRS990/Form990PartVIISectionAGrp/PersonNm3Pringle-Carver
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IRS990/Form990PartVIISectionAGrp/PersonNm8Lloyd Vett
IRS990/Form990PartVIISectionAGrp/PersonNm9Wilson Andrew
IRS990/Form990PartVIISectionAGrp/PersonNm10Titarenko Emelyana
IRS990/Form990PartVIISectionAGrp/PersonNm11Ferguson Jonathan
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND VICE-CHANCELOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1Provost & VP, Academic & Resea
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP of Finance and Admin
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IRS990/Form990PartVIISectionAGrp/TitleTxt8REGENT AND FULL-TIME FACULTY
IRS990/Form990PartVIISectionAGrp/TitleTxt9REGENT AND FULL-TIME FACULTY
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0PROVIDES RIGOROUS LIBERAL EDUCATION PRIMARILY TO UNDERGRADUATE STUDENTS IN A CO-EDUCATIONAL, INTIMATE RESIDENTIAL ENVIRONMENT. PROVIDES SCHOLARSHIPS, BURSARIES, AND AWARDS TO STUDENTS. PLEASE SEE WWW.MTA.CA FOR A FULL DESCRIPTION OF THE UNIVERSITY'S ACTIVITIES.
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IRS990/OccupancyGrp/FundraisingAmt01409
IRS990/OccupancyGrp/ProgramServicesAmt03940690
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt05240500
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IRS990/PrincipalOfficerNm0Dr Jean-Paul Boudreau
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2872803
IRS990/ProgSrvcAccomActy2Grp/Desc0Ancillary Student Fees
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt08400980
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0872802
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IRS990/PYProgramServiceRevenueAmt024592401
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IRS990/PYTotalProfFndrsngExpnsAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$342$108$234$68.9$66.6$2.25
2024Detailed filing. Detailed filing data is available for this year.$326$99.9$226$79.0$64.5$14.5
2023Detailed filing. Detailed filing data is available for this year.$299$81.6$217$87.5$63.7$23.8
2022Detailed filing. Detailed filing data is available for this year.$301$76.0$225$66.1$62.9$3.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$309$77.6$231$71.2$55.9$15.3
2020Summary only. Only limited summary data is available for this year.$242$72.0$170$55.4$57.2$1.80
2019Summary only. Only limited summary data is available for this year.$257$72.1$184$58.0$54.2$3.76
2018Summary only. Only limited summary data is available for this year.$258$72.9$185$59.9$54.6$5.27
2017Summary only. Only limited summary data is available for this year.$232$63.6$168$58.7$52.1$6.58
2016Summary only. Only limited summary data is available for this year.$231$68.3$163$51.1$51.5$0.39
2015Summary only. Only limited summary data is available for this year.$244$68.3$176$71.0$56.6$14.5
2014Summary only. Only limited summary data is available for this year.$245$76.5$169$68.8$59.8$9.02
2013Summary only. Only limited summary data is available for this year.$246$78.8$167$80.7$64.0$16.7
2012Summary only. Only limited summary data is available for this year.$226$69.0$157$71.3$61.9$9.38
2011Summary only. Only limited summary data is available for this year.$229$73.3$156$69.7$59.2$10.5