Civic Intelligence

Acadia University

EIN 98-6001152 • 501(c)3 • Wolfville, Nova Scotia, CA

Profile

Acadia University provides an unparalleled learning experience through a liberal education model based on personalized attention, expanding the boundaries of knowledge, experiential learning, community engagement, environmental stewardship, global citizenship and engaged research & innovation delivered by a passionate, dedicated, and nurturing community within a beautiful and historic campus environment.

15 University AvenueWolfville, Nova Scotia B4P 2R6CA

www2.acadiau.ca/home.html

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.56x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

1.43x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

23rd percentile

-3.8%

Higher net margin than 23% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$284,237

Higher top officer pay than 22% of similar nonprofits.

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

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

Asset Growth

29th percentile

1.0%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

24th percentile

-2.6%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$229,515,000

Up $2,185,000 (+1.0%) from 2024

Liabilities

Up

$127,862,000

Up $2,123,000 (+1.7%) from 2024

Net Assets

Up

$101,653,000

Up $62,000 (+0.1%) from 2024

Revenue

Down

$89,721,000

Down $2,400,000 (-2.6%) from 2024

Expenses

Up

$93,111,000

Up $397,000 (+0.4%) from 2024

Net Income

Down

-$3,390,000

Down $2,797,000 (-472%) from 2024

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2014: $192,322Liabilities 2014: $151,633Net Assets 2014: $40,6892014Assets 2015: $172,074Liabilities 2015: $147,531Net Assets 2015: $24,5432015Assets 2016: $160,180,000Liabilities 2016: $120,774,000Net Assets 2016: $39,406,0002016Assets 2017: $168,112,000Liabilities 2017: $122,958,000Net Assets 2017: $45,154,0002017Assets 2018: $188,352,000Liabilities 2018: $134,235,000Net Assets 2018: $54,117,0002018Assets 2019: $183,069,000Liabilities 2019: $124,313,000Net Assets 2019: $58,756,0002019Assets 2020: $172,892,000Liabilities 2020: $118,415,000Net Assets 2020: $54,477,0002020Assets 2021: $216,426,000Liabilities 2021: $131,500,000Net Assets 2021: $84,926,0002021Assets 2022: $247,015,000Liabilities 2022: $151,817,000Net Assets 2022: $95,198,0002022Assets 2023: $224,720,000Liabilities 2023: $132,602,000Net Assets 2023: $92,118,0002023Assets 2024: $227,330,000Liabilities 2024: $125,739,000Net Assets 2024: $101,591,0002024Assets 2025: $229,515,000Liabilities 2025: $127,862,000Net Assets 2025: $101,653,0002025

Highlighted filing

2025

Assets$229,515,000
Liabilities$127,862,000
Net Assets$101,653,000

Operations Trend

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

$100M$50M$0-$50MRevenue 2014: $86,263Expenses 2014: $91,577Net Income 2014: -$5,3142014Revenue 2015: $76,454Expenses 2015: $78,741Net Income 2015: -$2,2872015Revenue 2016: $75,079,000Expenses 2016: $74,935,000Net Income 2016: $144,0002016Revenue 2017: $73,668,000Expenses 2017: $71,902,000Net Income 2017: $1,766,0002017Revenue 2018: $78,037,000Expenses 2018: $75,408,000Net Income 2018: $2,629,0002018Revenue 2019: $79,074,000Expenses 2019: $76,440,000Net Income 2019: $2,634,0002019Revenue 2020: $76,014,000Expenses 2020: $74,172,000Net Income 2020: $1,842,0002020Revenue 2021: $81,066,000Expenses 2021: $76,008,000Net Income 2021: $5,058,0002021Revenue 2022: $86,868,000Expenses 2022: $83,738,000Net Income 2022: $3,130,0002022Revenue 2023: $86,390,000Expenses 2023: $84,208,000Net Income 2023: $2,182,0002023Revenue 2024: $92,121,000Expenses 2024: $92,714,000Net Income 2024: -$593,0002024Revenue 2025: $89,721,000Expenses 2025: $93,111,000Net Income 2025: -$3,390,0002025

Highlighted filing

2025

Revenue$89,721,000
Expenses$93,111,000
Net Income-$3,390,000

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Dec 16, 2025
Return Version
2024v5.0
Gross Receipts
$89,721,000
Mission and Program Overview

Mission

Acadia University provides an unparalleled learning experience through a liberal education model based on personalized attention, expanding the boundaries of knowledge, experiential learning, community engagement, environmental stewardship, global citizenship, and engaged research and innovation delivered by a passionate, dedicated, and nurturing community within a beautiful and historic campus environment.

Acadia University provides an unparalleled learning experience through a liberal education model based on personalized attention, expanding the boundaries of knowledge, experiential learning, community engagement, environmental stewardship, global citizenship, and engaged research & innovation

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$99,997,000$106,083,000▲ $6,086,000
Rtn Earn Endowment Incm Other Fnds$106,684,000$101,652,000▼ $5,032,000
Land, Buildings, and Equipment, Net$70,331,000$64,002,000▼ $6,329,000
Savings and Temporary Cash Investments$46,036,000$50,744,000▲ $4,708,000
Accounts Receivable$7,022,000$5,385,000▼ $1,637,000
Prepaid Expenses and Deferred Charges$1,591,000$1,526,000▼ $65,000
Pledges and Grants Receivable$1,272,000$1,108,000▼ $164,000
Intangible Assets$932,000$528,000▼ $404,000
Total Assets$227,330,000$229,515,000▲ $2,185,000
Other Assets Total$149,000$139,000▼ $10,000
Liabilities
Other Liabilities$39,098,000$46,019,000▲ $6,921,000
Mortgage Notes Payable Secured by Investment Property$34,139,000$30,158,000▼ $3,981,000
Grants Payable$22,703,000$24,264,000▲ $1,561,000
Deferred Revenue$22,432,000$18,466,000▼ $3,966,000
Accounts Payable and Accrued Expenses$7,040,000$8,697,000▲ $1,657,000
Unsecured Notes Loans Payable$327,000$258,000▼ $69,000
Total Liabilities$125,739,000$127,862,000▲ $2,123,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$106,684,000$106,385,000▼ $299,000
Net Assets Without Donor Restrictions$-5,093,000$-4,732,000▲ $361,000
Total Net Assets Fund Balance$101,591,000$101,653,000▲ $62,000
Total Liabilities and Net Assets / Fund Balance$227,330,000$229,515,000▲ $2,185,000

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,240,000$95,811,000$138,051,000
Other Land Buildings$18,484,000$38,885,000$57,369,000
Equipment$2,614,000$30,421,000$33,035,000
Land$664,000-$664,000
Other Assets Org$139,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$106,684,000$-1,508,000▲ $10,648,000-$111,792,000
2023$97,518,000$1,669,000▲ $11,117,000-$106,279,000
2022$103,147,000$5,129,000▲ $561,000-$105,021,000
2021$97,133,000$799,000▲ $8,004,000-$102,213,000
2020$75,128,000$2,865,000▼ $2,926,000-$72,356,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey HennessyPresident & Vice ChancellorFT$263,830$20,407$284,237
Jeffrey HennessyPresident and Vice Chancellor-$263,830$20,407$284,237
Peter RickettsPresident and Vice Chancellor (Former)-$180,330$14,092$194,422
Peter RickettsPresident & Vice Chancelloe (Former)FT$180,330$14,091$194,421
Scott DuguayVice President Student ExperienceFT$144,375$20,432$164,807
Jeffrey HooperProfessorFT$146,167$17,724$163,891
Nancy HandriganVice President External RelationsFT$141,471$19,957$161,428
Erin BeaudinVice President Finance & Administration and CFOFT$136,549$19,148$155,697
Erin BeaudinVice President Finance & Administration & CFO-$136,549$19,148$155,697
John ColtonProfessorFT$127,115$16,959$144,074
Mark MalloryProfessorFT$126,742$15,831$142,573
Jeffrey BanksProfessorFT$123,746$18,195$141,941
Conor VibertProfessorFT$122,902$17,428$140,330
Clifford KeefeProvost & Vice President Academic (Former)FT$122,830$16,882$139,712
Mary MacVicarAssociate VP Finance & Treasurer (Former)FT$117,637$14,642$132,279
Ashlee CunsoloProvost & Vice President AcademicFT$61,671$9,693$71,364

Board Members and Trustees

NameTitle
Henry DemoneChair - Board of Governors
Bertram FrizzellVice Chair - Board of Governors
Allan MacDonaldDirector - Board of Governors
Anna RobbinsDirector - Board of Governors
Cameron MacKeenDirector - Board of Governors
Candy O'ConnorDirector - Board of Governors
Cathy SimpsonDirector - Board of Governors
Charles CollDirector - Board of Governors
Christina LuckasavitchDirector - Board of Governors
Clive AndersonDirector - Board of Governors
Cora TolliverDirector - Board of Governors
Daniel GreenDirector - Board of Governors
Edward BarrettDirector - Board of Governors
Gale ColpittsDirector - Board of Governors
Judith TodDirector - Board of Governors
Karen HuttDirector - Board of Governors
Mark AdamDirector - Board of Governors
Mark LangleyDirector - Board of Governors
Martin SuterDirector - Board of Governors
Matthew RiosDirector - Board of Governors
Melinda DayeDirector - Board of Governors
Nancy McCainDirector - Board of Governors
Natasya KennedyDirector - Board of Governors
Pam MoodDirector - Board of Governors
Shanna LespereDirector - Board of Governors
Shelley FleckensteinDirector - Board of Governors
Stan ThomasDirector - Board of Governors
Tim FormuziewichDirector - Board of Governors
Tracey MacGillivaryDirector - Board of Governors

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo Canada LtdPlant ServicesPO Box 57840 Stn A, Acadia University, Toronto, Ontario, Ca$10,529,525
Chartwells Education Dining ServiceFood ServicesPO Box 98, Wolfville, Nova Scotia, Ca$5,231,016
Nova Scotia PowerUtilitiesPO Box 848, Halifax, Nova Scotia, Ca$1,646,358
IMP SolutionsComputer Programming Services2651 Joseph Howe Drive, Halifax, Nova Scotia, Ca$1,094,649
Canadian Research Knowledge NetworkInformation Services1309 Carling Avenue, Ottawa, Ontario, Ca$517,388
Revenue and Support

Revenue Composition

Contributions and Grants
$29,199,000
Program Service Revenue
$40,804,000
Investment Income
$6,766,000
Other Revenue
$12,952,000
All Other Contributions
$4,299,000
Change in Net Assets
$-3,390,000

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$89,723,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$89,723,000
Total Revenue per Form 990
$89,723,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$52,573,000
Other Expenses$35,027,000
Grants and Similar Amounts Paid$5,511,000
Total Fundraising Expense$690,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,768,000$6,354,000$482,000$44,604,000
Fees for Services Other$1,744,000$6,194,000-$7,938,000
Office Expenses$3,334,000$3,931,000$102,000$7,367,000
Depreciation Depletion-$6,187,000-$6,187,000
Foreign Grants$5,511,000--$5,511,000
Other Employee Benefits$2,933,000$1,227,000$47,000$4,207,000
Payroll Taxes$2,423,000$418,000$22,000$2,863,000
Travel$1,544,000$444,000$37,000$2,025,000
Information Technology$994,000$331,000-$1,325,000
Interest-$917,000-$917,000
Current Officers, Directors, Trustees, and Key Employees-$776,000-$776,000
Insurance-$514,000-$514,000
Fees for Service Investment Mgmnt Fees-$482,000-$482,000
Fees for Services Legal-$259,000-$259,000
Other Expenses$183,000$2,430,000-$183,000
Pension Plan Contributions$106,000$17,000-$123,000
Fees for Services Accounting-$109,000-$109,000
Total Functional Expenses$57,405,000$35,016,000$690,000$93,111,000

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$93,108,000
Expenses per Audited Statements$92,890,000
Total Expenses per Audited Statements$92,890,000
Expenses Not Reported on Financial Statements$218,000
Other Expense Adjustments$218,000
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
3
Employees
300
Spending
$93,111,000

International Compliance

Foreign grant records maintained
No
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 ServicesEducation1261$57,405,000
North AmericaManagementEducation122$35,016,000
North AmericaFundraisingEducation117$690,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Capital Contributions$45,788,000
Employee Future Benefits$229,000
Retirement Incentives$3,000
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 11B

Reviewed by a Senior Manager

Part VI, Line 15A

As part of the hiring process for a new President, a review of comparable salaries is conducted by Human Resources and HR Consultant. This is provided to the Chair of the Board, who chairs the Presidential selection committee, as a guideline.

Part VI, Line 15B

As part of the hiring process of a new senior manager, Human Resources provides compensation information relative to comparable positions in the market.

Part VI, Line 19

Documents are available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Acadia University
EIN
98-6001152
Address
CA

Signing Officer

Name
Scott Russell
Title
Director Treasury Services
Signed
2025-12-16

Organization Details

Principal Officer
Dr Jeff Hennessy
Formed
1838
Voting Board Members
35
Independent Board Members
35
Employees
0
Volunteers
100
Supplemental Narrative

Additional Explanations

Part IX, Line 11G

Part IX, Line 11g: Includes custodial fees , consulting fees and other professional fees.

Part XI, Line 9

Part Xi, Line 9: Gift of endowment- $1,737,000 Transfer to operating fund and internally restricted fund - $3,533,000 Currency translation of opening balance - $3,447,000

Financial Statement Notes

Part II, Line 9

Conservation easements are not shown separately on the University's financial statements.

Part III, Line 1A

Collections (source: Annual Financial Statements). The Art Gallery of Acadia University has a collection of donated paintings and other art works, which are not recorded in the financial statements, having an insured value of $1,174,000. The insured value is based on an entire collection valuation carried out in 1993, adjusted for new acquisitions and subsequent piece valuation.

Part III, Line 4

Opened in 1978, the Acadia University Art Gallery offers a year-round exhibition program of contemporary and historical work. The exhibitions and outreach programming of the Acadia University Art Gallery promote visual literacy and enhance the intellectual and cultural experience of the University and wider community. Exhibitions are presented from internal and external curatorial projects, submissions from artists and exhibitions from other cultural institutions including the Art Gallery of Nova Scotia, and the National Gallery of Canada

Part V, Line 4

The primary uses of the University's endowment funds are to provide scholarships/bursaries, support research and other academic activities and for certain designated capital and maintenance expenditures.

Part XII, Line 4B

Research start-up funding.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & Vice Chancellor
IRS990/Form990PartVIISectionAGrp/TitleTxt1President & Vice Chancelloe (Former)
IRS990/Form990PartVIISectionAGrp/TitleTxt2Associate VP Finance & Treasurer (Former)
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President Finance & Administration and CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt4Provost & Vice President Academic (Former)
IRS990/Form990PartVIISectionAGrp/TitleTxt5Provost & Vice President Academic
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President External Relations
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President Student Experience
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Professor
IRS990/Form990PartVIISectionAGrp/TitleTxt12Professor

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