Civic Intelligence

University of Victoria

EIN 98-6001816 • 501(c)3 • Victoria, BC, CA

Profile

The University of Victoria's mission is to enrich its students and society by creating knowledge fostering academic and experimental learning and serving communities in BC in Canada and around the world.

3800 Finnerty RoadVictoria, BC V8P 5C2CA

www.uvic.ca

Siviq Scores

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

Liabilities / Assets

77th percentile

0.56x

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

501(c)3 • $1B+ nonprofits • Source year 2025

Liabilities / Revenue

81st percentile

1.48x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2025

Net Margin

30th percentile

2.0%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2025

Top Officer Pay

6th percentile

$350,967

Higher top officer pay than 6% of similar nonprofits.

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

501(c)3 • $1B+ nonprofits • Source year 2025

Asset Growth

19th percentile

2.1%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2024 to 2025

Revenue Growth

21st percentile

2.8%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,538,599,432

Up $125,088,570 (+8.8%) from 2023

Liabilities

Up

$859,895,747

Up $120,532,527 (+16%) from 2023

Net Assets

Up

$678,703,685

Up $4,556,043 (+0.7%) from 2023

Revenue

Up

$580,619,569

Up $50,629,382 (+9.6%) from 2023

Expenses

Up

$568,890,078

Up $46,845,963 (+9.0%) from 2023

Net Income

Up

$11,729,491

Up $3,783,419 (+48%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0B$1.5B$1.0B$500M$0Assets 2011: $1,256,253,451Liabilities 2011: $656,156,052Net Assets 2011: $600,097,3992011Assets 2012: $1,224,768,285Liabilities 2012: $607,730,538Net Assets 2012: $617,037,7482012Assets 2013: $1,236,437,304Liabilities 2013: $606,012,840Net Assets 2013: $630,424,4642013Assets 2014: $1,182,743,694Liabilities 2014: $583,372,017Net Assets 2014: $599,371,6772014Assets 2015: $1,062,848,586Liabilities 2015: $518,329,646Net Assets 2015: $544,518,9402015Assets 2016: $1,029,626,290Liabilities 2016: $478,026,010Net Assets 2016: $551,600,2802016Assets 2017: $1,059,168,465Liabilities 2017: $506,174,852Net Assets 2017: $552,993,6132017Assets 2018: $1,157,125,396Liabilities 2018: $548,564,041Net Assets 2018: $608,561,3552018Assets 2019: $1,163,599,765Liabilities 2019: $545,512,945Net Assets 2019: $618,086,8202019Assets 2020: $1,114,474,695Liabilities 2020: $499,300,313Net Assets 2020: $615,174,3822020Assets 2021: $1,409,656,147Liabilities 2021: $678,598,297Net Assets 2021: $731,057,8502021Assets 2022: $1,491,562,584Liabilities 2022: $735,055,125Net Assets 2022: $756,507,4592022Assets 2023: $1,413,510,862Liabilities 2023: $739,363,220Net Assets 2023: $674,147,6422023Assets 2025: $1,538,599,432Liabilities 2025: $859,895,747Net Assets 2025: $678,703,6852025

Highlighted filing

2025

Assets$1,538,599,432
Liabilities$859,895,747
Net Assets$678,703,685

Operations Trend

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

$600M$400M$200M$0Revenue 2011: $483,069,253Expenses 2011: $467,086,090Net Income 2011: $15,983,1632011Revenue 2012: $509,630,053Expenses 2012: $498,459,559Net Income 2012: $11,170,4942012Revenue 2013: $510,610,828Expenses 2013: $501,045,836Net Income 2013: $9,564,9922013Revenue 2014: $496,829,557Expenses 2014: $487,382,465Net Income 2014: $9,447,0922014Revenue 2015: $474,837,400Expenses 2015: $460,416,208Net Income 2015: $14,421,1922015Revenue 2016: $424,782,176Expenses 2016: $410,386,575Net Income 2016: $14,395,6012016Revenue 2017: $422,474,591Expenses 2017: $416,854,336Net Income 2017: $5,620,2552017Revenue 2018: $452,966,922Expenses 2018: $426,347,701Net Income 2018: $26,619,2212018Revenue 2019: $452,086,281Expenses 2019: $434,084,943Net Income 2019: $18,001,3382019Revenue 2020: $480,128,199Expenses 2020: $455,701,756Net Income 2020: $24,426,4432020Revenue 2021: $454,291,647Expenses 2021: $450,562,082Net Income 2021: $3,729,5652021Revenue 2022: $512,310,368Expenses 2022: $510,270,470Net Income 2022: $2,039,8982022Revenue 2023: $529,990,187Expenses 2023: $522,044,115Net Income 2023: $7,946,0722023Revenue 2025: $580,619,569Expenses 2025: $568,890,078Net Income 2025: $11,729,4912025

Highlighted filing

2025

Revenue$580,619,569
Expenses$568,890,078
Net Income$11,729,491

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,539$860$679$581$569$11.7
2023Summary only. Only limited summary data is available for this year.$1,414$739$674$530$522$7.95
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,492$735$757$512$510$2.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,410$679$731$454$451$3.73
2020Summary only. Only limited summary data is available for this year.$1,114$499$615$480$456$24.4
2019Summary only. Only limited summary data is available for this year.$1,164$546$618$452$434$18.0
2018Summary only. Only limited summary data is available for this year.$1,157$549$609$453$426$26.6
2017Summary only. Only limited summary data is available for this year.$1,059$506$553$422$417$5.62
2016Summary only. Only limited summary data is available for this year.$1,030$478$552$425$410$14.4
2015Summary only. Only limited summary data is available for this year.$1,063$518$545$475$460$14.4
2014Summary only. Only limited summary data is available for this year.$1,183$583$599$497$487$9.45
2013Summary only. Only limited summary data is available for this year.$1,236$606$630$511$501$9.56
2012Summary only. Only limited summary data is available for this year.$1,225$608$617$510$498$11.2
2011Summary only. Only limited summary data is available for this year.$1,256$656$600$483$467$16.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Jan 27, 2026
Return Version
2024v5.1
Gross Receipts
$626,321,003
Mission and Program Overview

Mission

The University of Victorias mission is to enrich its students and society by creating knowledge fostering academic and experimental learning and serving communities in BC in Canada and around the world.

The University of Victoria is a comprehensive research university offering a wide range of undergraduate graduate and continuing studies programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$765,452,666$774,356,745▲ $8,904,079
Investments in Publicly Traded Securities$507,750,794$501,419,915▼ $6,330,879
Savings and Temporary Cash Investments$99,168,909$98,561,395▼ $607,514
Accounts Receivable$53,428,665$55,388,121▲ $1,959,456
Cash and Non-Interest-Bearing Accounts$30,010,777$50,098,105▲ $20,087,328
Prepaid Expenses and Deferred Charges$17,643,887$21,117,230▲ $3,473,343
Inventories for Sale or Use$3,598,293$2,754,257▼ $844,036
Receivables From Officers Etc$362,883$438,228▲ $75,345
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$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$1,507,533,009$1,538,599,432▲ $31,066,423
Other Assets Total$30,116,135$34,465,436▲ $4,349,301
Liabilities
Deferred Revenue$636,321,450$682,021,658▲ $45,700,208
Unsecured Notes Loans Payable$94,080,984$87,256,775▼ $6,824,209
Accounts Payable and Accrued Expenses$43,095,896$50,266,514▲ $7,170,618
Other Liabilities$39,639,225$40,350,800▲ $711,575
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$813,137,555$859,895,747▲ $46,758,192
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$358,267,858$351,194,899▼ $7,072,959
Net Assets With Donor Restrictions$336,127,596$327,508,786▼ $8,618,810
Total Net Assets Fund Balance$694,395,454$678,703,685▼ $15,691,769
Total Liabilities and Net Assets / Fund Balance$1,507,533,009$1,538,599,432▲ $31,066,423

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$644,990,448$268,874,224$913,864,672
Equipment$84,667,041$69,552,348$154,219,389
Other Land Buildings$30,534,058$45,543,018$76,077,076
Land$14,165,198-$14,165,198

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$417,724,307$3,405,969▲ $33,120,639$0$438,915,822
2023$389,693,974$4,662,964▲ $50,418,275$0$430,794,529
2022$395,813,412$4,135,792▲ $12,754,178$0$397,523,586
2021$419,230,362$9,621,770▲ $3,752,293$0$417,526,904
2020$338,111,057$10,853,358▲ $61,910,150$0$397,953,632
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin HallVice-Chancellor and PresidentFT$350,432$535$350,967
Timothy NaimiDirector Canadian Institute for Substance UseFT$288,525$630$289,155
Anita BhappuDean of BusinessFT$252,535$20,715$273,250
Elizabeth CroftVice-President Academic and ProvostFT$269,002$823$269,825
Mina HoorfarDean of Engineering and Computer ScienceFT$256,330$785$257,115
David GoodlettDirector Proteomics CentreFT$243,513$8,569$252,082
Saul KleinProfessor BusinessFT$250,375$569$250,944
Lisa KalynchukVice-President ResearchFT$241,540$677$242,217
Christopher HorbachewskiVice-President External RelationsFT$217,383$7,799$225,182
Val NapoleonBoard Member - FacultyFT$221,000$337$221,337
Kristi SimpsonVice-President Finance OperationsFT$217,575$682$218,257
Helga HallgrimsdottirDeputy ProvostFT$212,789$652$213,441
Robina ThomasVice-President IndigenousFT$188,354$328$188,682
Shailoo BediFormer Board Member - StaffFT$154,465$471$154,936
Carrie AndersenUniversity SecretaryFT$150,954$347$151,301
Adam MonahanFormer Board Member - FacultyFT-$148,741$148,741
Peter DriessenFormer Board Member - StaffFT-$143,199$143,199
Elizabeth BoryckiFormer Board Member - FacultyFT-$138,079$138,079
Erin CampbellBoard Member - FacultyFT-$137,462$137,462
Monica PrendergastFormer Board Member - FacultyFT-$128,381$128,381
Valerie KuehneFormer Vice-President Academic ProvostFT-$106,607$106,607
Ivan WatsonBoard Member - StaffFT-$67,220$67,220
Samantha AllanBoard Member - StudentPT-$6,351$6,351

Board Members and Trustees

NameTitle
Paul RamseyBoard Chair
Brian CantBoard Vice-Chair
Christina ClarkeBoard Member
Erinn PinkertonBoard Member
Jyoti StephensBoard Member
Laylee RohaniBoard Member
Marne JensenBoard Member
Roshan DaneshBoard Member
Chekwube AnyaegbunamBoard Member - Student
Kyle RisbyBoard Member - Student
Tamunobelema ItamunoalaBoard Member - Student
Marion BullerChancellor

Highest Paid Contractors

ContractorServicesLocationCompensation
Chandos ConstructionConstruction Contractor4180 Lougheed Hwy Unit 103, Burnaby, BC, Ca$20,812,710
Bird ConstructionConstruction Contractor360 Harbour Road Unit B, Victoria, BC, Ca$15,480,701
Aral Construction 2014 LtdConstruction Contractor455 Banga Place Suite 106, Victoria, BC, Ca$2,686,236
Ellis Don Kinetic - A Joint VentureConstruction Contractor13775 Commerce Parkway Suite 150, Richmond, BC, Ca$2,201,220
Dialog BCArchitecture Contractor406 611 Alexander Street, Vancouver, BC, Ca$1,240,135
Revenue and Support

Revenue Composition

Contributions and Grants
$329,764,530
Program Service Revenue
$194,840,513
Investment Income
$26,559,363
Other Revenue
$29,455,163
All Other Contributions
$22,375,021
Change in Net Assets
$11,729,491

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded73$1,784,305Appraised
Other Non Cash Contri Table7$329,387Appraised
Books and Publications-$261,351Appraised
Works of Art7$72,629Appraised
Clothing and Household Goods-$20,364Appraised
Total Noncash Contributions87$2,468,036-

Audited Revenue Reconciliation

Revenue per Audited Statements
$580,619,569
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$624,651
Total Revenue per Audited Statements
$581,244,220
Total Revenue per Form 990
$580,619,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$370,416,009
Other Expenses$152,909,301
Grants and Similar Amounts Paid$45,564,768
Total Fundraising Expense$4,772,595
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$263,369,242$46,892,779$3,734,043$313,996,064
Office Expenses$47,322,802$5,726,133$205,316$53,254,251
Foreign Grants$45,564,768--$45,564,768
Depreciation Depletion$33,665,333$3,740,593$0$37,405,926
Pension Plan Contributions$25,122,231$5,295,261$410,745$30,828,237
Other Employee Benefits$18,623,678$4,332,486$336,064$23,292,228
Fees for Services Other$12,116,873$1,817,966$0$13,934,839
Travel$12,570,248$972,326$20,341$13,562,915
Occupancy$7,267,906$6,085,110$0$13,353,016
Advertising$2,162,035$510,069$28,130$2,700,234
Fees for Service Investment Mgmnt Fees$0$2,515,270$0$2,515,270
Information Technology$1,995,337$337,729$37,956$2,371,022
Current Officers, Directors, Trustees, and Key Employees$1,148,084$1,151,396$0$2,299,480
Royalties$0$2,238,995$0$2,238,995
Fees for Services Legal$0$2,137,699$0$2,137,699
Insurance$1,027,801$425,388$0$1,453,189
Fees for Services Accounting$0$250,732$0$250,732
Total Functional Expenses$479,687,551$84,429,932$4,772,595$568,890,078

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$569,514,730
Expenses per Audited Statements$568,890,078
Total Expenses per Form 990$568,890,078
Expenses Not Reported on Form 990$624,652
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
1
Employees
7,563
Spending
$568,890,078

International Compliance

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 servicesCanadian University17,563$568,890,078
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$90,647
Fundraising Direct Expenses$45,776
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Vikes Breakfast$420,325$54,624$28,810$25,814
Golf Classic$46,735$36,023$16,966$19,057
Total Events$467,060$90,647$45,776$44,871
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
Receivables from Officers, Directors, Trustees, and Key Employees$362,883$438,228▲ $75,345
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Asset Retirement Obligations$40,350,800
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11B

Once completed the Form990 is reviewed by the Associate Vice-President Financial Planning and Operations prior to submitting to the Internal Revenue Service.

Part VI, Line 12C

The Board of Governors has its own code of conduct. The Board Chair ensures all members complete an annual conflict of interest declaration as well as monitors and resolves all conflicts of interest. The Universitys Conflict of Interest and Confidentiality Policy GV0210,is available online https: www.uvic.ca universitysecretary assets docs policies GV0210_1310_.pdf

Part VI, Line 15

The Presidents base salary is established at the outset of the contract and takes into consideration salaries paid at other comparable Canadian universities and any legislated total compensation maximums established by the provincial government. These universities are intended to represent the market in which UVic is competing for university presidents. Examples of the comparators for senior administration include Simon Fraser University the University of Calgary McMaster University and the University of Waterloo. Salary recommendations for the President and other senior executives are reviewed and approved by the Universitys Board of Governors Compensation and Review Committee. In addition the universitys Executive Compensation Plan is approved by an independent government body - the Public Sector Employers Council PSEC. Compensation for the President must be within specified government guidelines.

Part VI, Line 19

The University of Victorias governing documents conflict of interest policy and financial statements are available to the public through the Universitys website www.uvic.ca.

Filing and Contact Details

Filer

Filer Name
University of Victoria
EIN
98-6001816
Address
CA

Signing Officer

Name
Danying He
Title
Acting Director of Financial Report
Phone
2507217035
Signed
2026-01-27

Organization Details

Principal Officer
Robina Thomas
Formed
1963
Voting Board Members
15
Independent Board Members
11
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Part XI, Line 9

| Description:, Explanation:, Amount:| Includes endowment contributions and capitalizations art expenditures to net assets, The change in US Foundation balances to be eliminated and foreign exchange translation differences., $-22335326|

Financial Statement Notes

Part XI, line 2D

Part IX fundraising expenses moved to Part VIII 8a and less US Foundation for the University of Victoria which files a separate Form 990.

Part XII, line 2D

Part IX fundraising expenses moved to Part VIII 8a and less US Foundation for the University of Victoria which files a separate Form 990.

Part III, line 1A

This is not applicable to the University of Victoria Uvic as Uvic is a Canadian University.

Part III, line 4

Collections of art and historical treasure at the University are housed mostly within the Universitys Legacy Art Gallery and Maltwood Prints and Drawings Gallery at the McPherson Library. The collections are maintained to enable the investigation preservation and preservation of objects and expressions of human creativity to promote an understanding and respect for world cultures. The University art collection is an important cultural amenity and is used in the training of curators an das an experimental opportunity for students research exhibition planning and development technological applications in the field such as website design and database & collection management. Collections are open for exhibition to the public.

Raw XML AppendixShowing 400 of 1,535 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/AdvertisingGrp/FundraisingAmt028130
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IRS990/BooksInCareOfDetail/ForeignAddress/AddressLine1Txt03800 Finnerty Road
IRS990/BooksInCareOfDetail/ForeignAddress/AddressLine2Txt0Michael Williams Building B250
IRS990/BooksInCareOfDetail/ForeignAddress/CityNm0Victoria
IRS990/BooksInCareOfDetail/ForeignAddress/CountryCd0CA
IRS990/BooksInCareOfDetail/ForeignAddress/ForeignPostalCd0V8P 5C2
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IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/AddressLine1Txt04180 Lougheed Hwy Unit 103
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/AddressLine1Txt1360 Harbour Road Unit B
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/AddressLine1Txt2455 Banga Place Suite 106
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/AddressLine1Txt313775 Commerce Parkway Suite 150
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/AddressLine1Txt4406 611 Alexander Street
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CityNm0Burnaby
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IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CityNm2Victoria
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CityNm3Richmond
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CityNm4Vancouver
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CountryCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CountryCd1CA
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