Civic Intelligence

Saint Mary'S University

EIN 98-1358092 • 501(c)3 • Halifax, Nova Scotia, CA

Profile

The mission of saint mary's university (smu) is to offer undergraduate, graduate, and continuing education programs; to engage in research and disseminate its results; and to serve the community from the local to the international level.

923 Robie StreetHalifax, Nova Scotia B3H 3C3CA

www.smu.ca

Siviq Scores

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

Liabilities / Assets

49th percentile

0.26x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

53rd percentile

0.48x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

19th percentile

-6.5%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

27th percentile

$313,573

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

9th percentile

-7.0%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2025

Revenue Growth

16th percentile

-9.9%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2025

Assets

Down

$225,935,227

Down $35,464,491 (-14%) from 2023

Liabilities

Down

$58,810,414

Down $18,219,757 (-24%) from 2023

Net Assets

Down

$167,124,813

Down $17,244,734 (-9.4%) from 2023

Revenue

Down

$121,844,886

Down $28,119,273 (-19%) from 2023

Expenses

Down

$129,808,036

Down $4,828,441 (-3.6%) from 2023

Net Income

Down

-$7,963,150

Down $23,290,832 (-152%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2018: $203,587,516Liabilities 2018: $57,223,951Net Assets 2018: $146,363,5652018Assets 2019: $202,972,197Liabilities 2019: $47,313,044Net Assets 2019: $155,659,1532019Assets 2020: $193,280,382Liabilities 2020: $43,716,295Net Assets 2020: $149,564,0872020Assets 2021: $229,275,385Liabilities 2021: $45,402,565Net Assets 2021: $183,872,8202021Assets 2022: $246,064,636Liabilities 2022: $60,097,373Net Assets 2022: $185,967,2632022Assets 2023: $261,399,718Liabilities 2023: $77,030,171Net Assets 2023: $184,369,5472023Assets 2025: $225,935,227Liabilities 2025: $58,810,414Net Assets 2025: $167,124,8132025

Highlighted filing

2025

Assets$225,935,227
Liabilities$58,810,414
Net Assets$167,124,813

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2018: $114,916,051Expenses 2018: $110,255,073Net Income 2018: $4,660,9782018Revenue 2019: $125,862,051Expenses 2019: $111,865,133Net Income 2019: $13,996,9182019Revenue 2020: $120,129,888Expenses 2020: $114,456,099Net Income 2020: $5,673,7892020Revenue 2021: $114,015,364Expenses 2021: $107,295,693Net Income 2021: $6,719,6712021Revenue 2022: $131,512,488Expenses 2022: $130,580,084Net Income 2022: $932,4042022Revenue 2023: $149,964,159Expenses 2023: $134,636,477Net Income 2023: $15,327,6822023Revenue 2025: $121,844,886Expenses 2025: $129,808,036Net Income 2025: -$7,963,1502025

Highlighted filing

2025

Revenue$121,844,886
Expenses$129,808,036
Net Income-$7,963,150

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Feb 6, 2026
Return Version
2024v5.5
Gross Receipts
$133,410,656
Mission and Program Overview

Mission

The mission of saint mary's university (smu) is to offer undergraduate, graduate, and continuing education programs; to engage in research and disseminate its results; and to serve the community from the local to the international level.

Offer undergraduate, graduate, & continuing education programs; (continued on schedule o)to engage in research & disseminate its results; & to serve the local & international communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$128,874,763$117,524,169▼ $11,350,594
Pd in Cap Srpls Land Bldg Eqp Fund$89,656,233$79,820,697▼ $9,835,536
Investments Other Securities$57,735,718$60,158,774▲ $2,423,056
Cap Stk Tr Prin Current Funds$51,210,140$45,279,777▼ $5,930,363
Rtn Earn Endowment Incm Other Fnds$40,082,573$42,024,339▲ $1,941,766
Savings and Temporary Cash Investments$38,988,562$26,321,884▼ $12,666,678
Investments in Publicly Traded Securities$8,870,442$10,779,653▲ $1,909,211
Accounts Receivable$9,192,782$7,399,714▼ $1,793,068
Prepaid Expenses and Deferred Charges$1,947,016$1,958,312▲ $11,296
Intangible Assets$946,667$739,178▼ $207,489
Inventories for Sale or Use$555,783$474,026▼ $81,757
Investments Program Related$0$0→ $0
Cash and Non-Interest-Bearing Accounts$-4,203$-109,053▼ $104,850
Total Assets$247,836,604$225,935,227▼ $21,901,377
Other Assets Total$729,074$688,570▼ $40,504
Liabilities
Unsecured Notes Loans Payable$44,571,734$41,137,721▼ $3,434,013
Accounts Payable and Accrued Expenses$10,555,562$8,189,991▼ $2,365,571
Deferred Revenue$9,314,544$7,062,106▼ $2,252,438
Other Liabilities$2,445,818$2,420,596▼ $25,222
Total Liabilities$66,887,658$58,810,414▼ $8,077,244
Net Assets / Fund Balance
Total Net Assets Fund Balance$180,948,946$167,124,813▼ $13,824,133
Total Liabilities and Net Assets / Fund Balance$247,836,604$225,935,227▼ $21,901,377

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$97,128,890$72,085,528$169,214,418
Equipment$6,838,323$8,369,388$15,207,711
Land$9,589,274-$9,589,274
Other Land Buildings$3,967,682$4,778,820$8,746,502
Other Securities$60,158,774--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$40,082,574$893,118▲ $2,995,050$1,721,797$42,024,340
2023$39,457,486$758,535▲ $1,800,946$1,731,280$40,082,574
2022$46,640,489$371,764▼ $5,656,940$1,726,510$39,457,486
2021$42,647,456$1,952,654▲ $3,777,090$1,540,800$46,640,489
2020$29,143,941$2,411,976▲ $12,588,414$1,348,788$42,647,456
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Robert Summerby-murrayPresident and Vice-chancellorFT$262,074$51,499$313,573
Dr Mary IngrahamDean of ArtsFT$163,275$53,695$216,970
Dr Samuel VeresDean of Science/professorFT$171,803$43,560$215,363
Ms Erin Sargeant GreenwoodVP, AdvancementFT$195,588$18,414$214,002
Dr Madine VanderplaatVP, Academic & Res.FT$184,228$17,356$201,584
Dr Pawan LingrasProfessorFT$183,244$14,855$198,099
Dr Mohammad RahamanProfessorFT$180,542$16,137$196,679
Mr E Kevin KellowayResearch ChairFT$178,128$17,279$195,407
Dr Adam SartyAssoc. VP, Research & Dean FgsrFT$167,276$25,197$192,473
Dr Xiaoou ZhangProfessorFT$169,358$14,312$183,670
Mr Todd WilliamsInterim VP Finance & Admin.FT$161,299$15,885$177,184
Dr Gordon FullertonAssistant ProfessorFT$161,608$14,579$176,187
Dr Antony CharlesGOVERNOR; PROFESSORFT$154,432$15,663$170,095
Dr Steven SmithFORMER KEY EMPLOYEE; PROFESSORFT$152,533$15,663$168,196
Dr Margaret MacdonaldFORMER KEY EMPLOYEE; PROFESSORFT$143,722$15,663$159,385
Dr Mohamed DriraGOVERNOR; PROFESSORFT$143,155$15,848$159,003
Dr Ather AkbariGOVERNOR; PROFESSORFT$134,278$14,047$148,325
Mr Malcom ButlerFORMER OFFICER; PROFESSORFT$129,272$14,047$143,319
Mr Robert SingerFORMER GOVERNOR; PROFESSORFT$126,893$14,047$140,940
Mr Margaret MckeeFORMER GOVERNOR; PROFESSORFT$118,781$12,895$131,676
Dr William SewellGOVERNOR; PROFESSOR - AS OF 09/2024FT$117,616$12,667$130,283
Dr Rylan HigginsGOVERNOR; PROFESSOR - AS OF 09/2024FT$103,945$10,885$114,830
Dr Lucie KocumGOVERNOR; PROFESSORFT$98,229$10,875$109,104
Dr Jason RhinelanderGOVERNOR; PROFESSORFT$88,630$8,662$97,292
Dr Erin Adlakha-kerrGOVERNOR; PROFESSOR - AS OF 01/2025FT$87,992$8,924$96,916
Dr Rituparna KanungoGOVERNOR; PROFESSORFT$81,972$9,765$91,737
Mr Ayo MakanjuolaVP Finance & Admin. - as of 09/2024FT$59,520$5,687$65,207

Board Members and Trustees

NameTitle
Mr Alan R Abraham JrGOVERNOR; CHAIR
Dr Michael DurlandChancellor
MS JILIAN D'ALESSIOGovernor
Mr Anubhav GuptaGovernor
Mr Ashish GanapathyGovernor
Mr Bafana MashingaidzeGovernor
Mr Ben GuanceGovernor
Mr Louie VelocciGovernor
Mr Mark GosineGovernor
Mr Mike MercerGovernor
Mr Philip FraserGovernor
Mr Roddy MacdonaldGovernor
Mr Sian WrenGovernor
Mr Thomas WaitheGovernor
Mr Vivek SoodGovernor
Mr Zh Rui Shiray TanGovernor
Ms Anna MarenickGovernor
Ms Christine Bonnell-eisnerGovernor
Ms Kellie SauriolGovernor
Ms Kimberly DoaneGovernor
Ms Sarah McleanGovernor
Mr Bruce HollandGovernor - as of 04/2024
Mr Prajwal ShettyGovernor - as of 05/2024
Mr Shaneika CarterGovernor - as of 05/2024
Mr Simbararshe ChiundaGovernor - as of 05/2024
Mr Tyler HutchinsonGovernor - as of 05/2024
Mr Joseph MetledgeGovernor - Thru 09/2024

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark Canada LtdDining Services811 ISLINGTON AVENUE, Toronto, ONTARIO, Ca$3,225,645
Ellucian Tech Canada UlcSoftware Maintenance & Support3007 KINGSTON RD STE 114, Toronto, ON, Ca$1,347,471
Cbwes INCProfessional Services34 NICE VIEW DRIVE, Terrence Bay, NS, Ca$1,024,290
Canadian Research Knowledge NetLibrary Acquisitions & ServicesPOB 35155 WESTGATE, Ottawa, ON, Ca$590,523
Able Electric LimitedElectrical Contractor204-26 AKERLEY BLVD, Dartmouth, NS, Ca$585,419
Revenue and Support

Revenue Composition

Contributions and Grants
$43,521,507
Program Service Revenue
$70,454,130
Investment Income
$5,647,785
Other Revenue
$2,221,464
All Other Contributions
$5,510,238
Change in Net Assets
$-7,963,150

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$823,773Fair Market Value (FMV)
Other Non Cash Contri Table1$3,374Fair Market Value (FMV)
Total Noncash Contributions7$827,147-

Audited Revenue Reconciliation

Revenue per Audited Statements
$122,435,043
Revenue Not Reported on Financial Statements
$-590,157
Revenue Not Reported on Form 990
$4,056,077
Other Revenue Adjustments
$-590,157
Total Revenue per Audited Statements
$126,491,120
Total Revenue per Form 990
$121,844,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$77,710,732
Other Expenses$40,710,022
Grants and Similar Amounts Paid$11,387,282
Total Fundraising Expense$1,318,462
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$53,875,239$9,959,355$919,979$64,754,573
Foreign Grants$11,212,772--$11,212,772
Depreciation Depletion-$7,542,210-$7,542,210
Fees for Services Other$3,432,686$1,398,424$89,545$4,920,655
Occupancy$1,551,404$2,765,762$5,170$4,322,336
Information Technology$509,872$3,569,065$8,859$4,087,796
Pension Plan Contributions$3,180,242$747,640$77,544$4,005,426
All Other Expenses$14,321,605$-10,151,985$-209,529$3,960,091
Interest$567,708$3,153,701-$3,721,409
Payroll Taxes$2,853,658$651,169$63,437$3,568,264
Travel$2,875,542$123,086$20,257$3,018,885
Current Officers, Directors, Trustees, and Key Employees$1,724,190$799,293$214,882$2,738,365
Other Employee Benefits$1,405,143$924,817$22,064$2,352,024
Advertising$944,591$26,924$13,208$984,723
Other Expenses$453,262$39,418$28,194$520,874
Office Expenses$238,414$140,349$5,900$384,663
Conferences and Meetings$361,094$14,427$3,900$379,421
Insurance$3,860$342,658-$346,518
Comp Disqual Persons$183,906$85,254$22,920$292,080
Fees for Service Investment Mgmnt Fees-$248,845-$248,845
Fees for Services Legal$1,946$202,978-$204,924
Grants to Domestic Individuals$173,724--$173,724
Fees for Services Management-$103,554-$103,554
Fees for Services Accounting-$55,521-$55,521
Royalties$10,808--$10,808
Grants to Domestic Orgs$786--$786
Total Functional Expenses$105,537,037$22,952,537$1,318,462$129,808,036

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$130,398,193
Total Expenses per Audited Statements$130,398,193
Total Expenses per Form 990$129,808,036
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-590,157
Other Expense Adjustments$-590,157
International Activity

International Summary

Offices
1
Employees
2,846
Spending
$227,068,349

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 AmericaInvestments-12,846$97,260,311
North AmericaProgram ServicesEducation12,846$94,086,821
North AmericaMaintaining OfficesManagement and Administration12,846$22,952,538
North AmericaGrantmakingEducation12,846$11,212,772
North AmericaFundraisingFinancial Aid12,846$1,318,463
Europe (including Iceland & Greenland)Program Services-00$237,444
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,646
Gaming Gross Income$9,216
Gaming Direct Expenses$4,984
Fundraising Direct Expenses$3,949
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Varsity Sports/alumni Ticket Sales$17,592$17,592$3,433$14,159
Silent Auction$2,694$2,694$516$2,178
Total Events$20,646$20,646$3,949$16,697
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retirement Benefits$2,420,596
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

Form 990, Part VI, Section A, Line 1A

Executive committee the executive committee can act in the absence of the board if necessary. This is not typically required.

Form 990, Part VI, Section A, Line 7A

Other persons with the power to elect or appoint the board several organizations have the right to appoint members of the board of governors: smu student association (4), smu faculty union (6), nova scotia provincial government (2), smu alumni association (6), and roman catholic episcopal corp (3).

Form 990, Part VI, Section B, Line 11B

Form 990 review process the form 990 is reviewed by the senior director of financial services and the vp, finance & administration (or interim individuals acting in those specific roles from time to time) and distributed to the executive secretary to facilitate review with the executive management group. This is conducted before filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy all officers, directors, and key employees are required to sign the organization's conflict of interest policy. In-house legal counsel reviews all forms. Any disclosures noted are brought to the attention of the audit committee to review.

Form 990, Part VI, Section B, Line 15

Process for determining compensation independent analysis and research for appropriate compensation is done by a search firm. Subsequent approval is given by the governing board.

Form 990, Part VI, Section C, Line 19

How documents are made available to the public the governing documents and financial statements are posted on smu's website.

Filing and Contact Details

Filer

Filer Name
SAINT MARY'S UNIVERSITY
EIN
98-1358092
Phone
9024205400
Address
CA

Signing Officer

Name
Matthew Timmons
Title
Senior Director Financial Services
Signed
2026-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Khan
Formed
1970
Voting Board Members
35
Independent Board Members
25
Employees
0
Volunteers
220

Preparer

Firm
Grant Thornton Advisors LLC
Address
53 STATE STREET 16TH FLOOR, BOSTON, MA 02109
Preparer
Erin Couture
Phone
6177237900
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 6

Contribution solicitations smu is a foreign university and solicits financial support from its worldwide alumni, largely in canada but does include solicitations to u.s. Persons and u.s. Entities. Smu obtained u.s. Tax exempt status as a foreign 501(c)(3) educational institution. Smu relies on the financial support it receives from alumni and organizations to achieve its mission of offering education programs, engage in research and serve the community. Due to smu's status as a foreign 501(c)(3), u.s. Persons and u.s. Entities are notified that their donations to smu may not be deductible for u.s. Tax purposes.

FORM 990, PART XI, LINE 9:

Foreign translation adjustment -11,139,060. Gain/(loss) on interest rate swap 1,222,000.

Financial Statement Notes

PART III, LINE 4:

The art collection has over 2,000 works in the permanent collection focusing on contemporary canadian artists. The artwork recognizes local artists and is displayed in the gallery and throughout the campus. All of the exhibits receive support from the canadian council of the arts. The art exposes students to the local culture and the arts.

PART V, LINE 4:

Endowment funds provide a base for student financial aid and programs in support of the academic plan. Smu's endowment is expected to provide both present and future generations with financial support.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold included in revenue on 990 -586,208. Fundraising expenses -3,949.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold included in revenue on 990 -586,208. Fundraising expenses -3,949.

Raw XML AppendixShowing 400 of 1,505 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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IRS990/Form990PartVIISectionAGrp/PersonNm0DR ROBERT SUMMERBY-MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm1MR ALAN R ABRAHAM JR
IRS990/Form990PartVIISectionAGrp/PersonNm2DR ANTONY CHARLES
IRS990/Form990PartVIISectionAGrp/PersonNm3DR ATHER AKBARI
IRS990/Form990PartVIISectionAGrp/PersonNm4DR ERIN ADLAKHA-KERR
IRS990/Form990PartVIISectionAGrp/PersonNm5DR JASON RHINELANDER
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IRS990/Form990PartVIISectionAGrp/PersonNm7DR MOHAMED DRIRA
IRS990/Form990PartVIISectionAGrp/PersonNm8DR RITUPARNA KANUNGO
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IRS990/Form990PartVIISectionAGrp/PersonNm26MS SARAH MCLEAN
IRS990/Form990PartVIISectionAGrp/PersonNm27MR MIKE MERCER
IRS990/Form990PartVIISectionAGrp/PersonNm28MR JOSEPH METLEDGE

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