University of New Brunswick

Nonprofit profile at a glance

EIN
237103810
IRS 990 coverage
2020–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Fredericton, New Brunswick, CA
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$321,501,621
Expenses
$290,857,882
Assets
$736,364,332
Liabilities
$354,177,268

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

49 people listed

Executive titles in this filing

  • Paul Mazerolle (President)
  • Jennifer Russell (Executive Director)
  • William Best (Vice President Administration and Finance)
  • David Magee (Vice President Research)
  • Alexandra Ferris (Associate Vice President Finance and Comptroller)
  • R C Hamilton (Vice-President Advancement)

Highest reported compensation

  • Paul Mazerolle (President): $396,143 total reported compensation
  • Jennifer Russell (Executive Director): $262,449 total reported compensation
  • Petra Hauf (Provost and Vice Presodent Academic): $252,445 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

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.

What it reported doing in 2024

Trust capital and operating functions computing plant operations student services

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 67
  • Accountability: 72
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.3%; rating input score 76
  • Program expense ratio: 80.4%; rating input score 80
  • Fundraising efficiency: $40.5 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Limited
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 67.6%; rating input score 68; 20th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.5%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 2.53; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.48; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 3.7% per year; rating input score 100; 28th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 1.5% per year; rating input score 100; 12th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 3 operating locations identified
  • Where the money goes: 76.3% of revenue deployed · 80.4% of spending went to programs
  • Governance: 23 of 34 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $233.9M in reported program spending
  • Leadership: top reported pay $396K · 49 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $40.7M reported
  • Consistency: 47 of 47 current checks pass
  • Schedules: 7 filed schedules · includes foreign activity and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 25 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.