Acadia University
62% goes to programs $2 to raise $100 Strong reserves
Acadia University is a 501(c)(3) organization, registered in 2014, with $89,721,000 in FY2024 revenue. CharityIndex grades it B, and it directs about 62% of spending to programs.
Wolfville Nova Scotia B4p 2r6, Canada, 00000 EIN 98-6001152 Since 2014
Revenue (FY2024)
$89.7M
▼ 2.6% vs prior year
Education median: $200K
Expenses (FY2024)
$93.1M
Net assets
$101.7M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating62% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Acadia University: 62% to programs · $2 to raise $100 earns a C+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating13 mo reserves · -4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Acadia University: 13 mo reserves · -4% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Acadia University: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Acadia University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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 & innovation
Contact & location
- Address
- Wolfville Nova Scotia B4p 2r6, Canada, 00000
- City
- —
- State
- —
- Category
- Education
- Subcategory
- Colleges & Universities
- Website
- …
Financial trends
Revenue grew from $86.9M (FY2021) to $89.7M (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $127.9MNet assets $101.7M
Operating margin
-3.8%
Spent more than it raised in the latest fiscal year.
Total assets
$229.5M
Total liabilities
$127.9M
Net assets
$101.7M
Salaries & benefits
$52.6M
56% of expenses
Board members
35
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $89,721,000▼2.6% | $93,111,000▲0.4% | $101,653,000▲0.1% | $229,515,000▲1.0% | 990 |
| 2023 | $92,121,000▲6.6% | $92,714,000▲10.1% | $101,591,000▲10.3% | $227,330,000▲1.2% | 990 |
| 2022 | $86,390,000▼0.6% | $84,208,000▲0.6% | $92,118,000▼3.2% | $224,720,000▼9.0% | 990 |
| 2021 | $86,868,000 | $83,738,000 | $95,198,000 | $247,015,000 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jeffrey Hennessy — $263,830 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeffrey Hennessy | President & Vice Chancellor | 40 | $263,830 |
| Peter Ricketts | President & Vice Chancelloe (former) | 40 | $180,330 |
| Jeffrey Hooper | Professor | 40 | $146,167 |
| Scott Duguay | Vice President Student Experience | 40 | $144,375 |
| Nancy Handrigan | Vice President External Relations | 40 | $141,471 |
| Erin Beaudin | Vice President Finance & Administration and Cfo | 40 | $136,549 |
| John Colton | Professor | 40 | $127,115 |
| Mark Mallory | Professor | 40 | $126,742 |
| Jeffrey Banks | Professor | 40 | $123,746 |
| Conor Vibert | Professor | 40 | $122,902 |
| Clifford Keefe | Provost & Vice President Academic (former) | 40 | $122,830 |
| Mary Macvicar | Associate Vp Finance & Treasurer (former) | 40 | $117,637 |
| Ashlee Cunsolo | Provost & Vice President Academic | 40 | $61,671 |
| Allan Macdonald | Director - Board of Governors | 0 | — |
| Anna Robbins | Director - Board of Governors | 0 | — |
| Bertram Frizzell | Vice Chair - Board of Governors | 0 | — |
| Cameron Mackeen | Director - Board of Governors | 0 | — |
| Candy O'connor | Director - Board of Governors | 0 | — |
| Cathy Simpson | Director - Board of Governors | 0 | — |
| Charles Coll | Director - Board of Governors | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Canada Ltd | Plant Services | $10,529,525 |
| Chartwells Education Dining Service | Food Services | $5,231,016 |
| Nova Scotia Power | Utilities | $1,646,358 |
| Imp Solutions | Computer Programming Services | $1,094,649 |
| Canadian Research Knowledge Network | Information Services | $517,388 |
Frequently asked questions
- Is Acadia University a legitimate nonprofit?
- Yes. Acadia University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 98-6001152.
- What is Acadia University's EIN?
- Acadia University's Employer Identification Number (EIN) is 98-6001152.
- How much revenue does Acadia University report?
- Acadia University reported $89,721,000 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Acadia University's spending goes to programs?
- Acadia University spends about 62% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Acadia University have?
- CharityIndex grades Acadia University B, based on program efficiency and fundraising cost.
- How much does Acadia University's highest-paid employee make?
- The highest reported compensation on Acadia University's latest Form 990 is $263,830, paid to Jeffrey Hennessy (President & Vice Chancellor).
Explore more
Data for Acadia University (EIN 98-6001152) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.