Acadia University: Nonprofit Profile, Financials & Form 990 (EIN 98-6001152)

Revenue by fiscal year
FY2022	$86.9M
FY2023	$86.4M
FY2024	$92.1M
FY2025	$89.7M
FY2026	$94.2M

Expenses by fiscal year
FY2022	$83.7M
FY2023	$84.2M
FY2024	$92.7M
FY2025	$93.1M
FY2026	$98.5M

Net assets by fiscal year
FY2022	$95.2M
FY2023	$92.1M
FY2024	$101.6M
FY2025	$101.7M
FY2026	$114.0M

Is it real?

Yes. Exemption reinstated (2011-08-15). Per the IRS revocation list. Latest filing on record: FY2026. IRS ruling in Apr 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Acadia University files its own Form 990, but Schedule R discloses 1 related entity — figures on this page are for this EIN only, not the whole group. Large hospital and education systems often split assets and fundraising across related entities; read Schedule R before comparing to a single-site charity.

Acadia University US Foundation Nova Scotia · See Schedule R

Combined filings · FY2026 · 2 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 100% of group revenue.

Group revenue

$94.3M

Group expenses

$98.6M

Group net assets

$114.0M

Acadia University US Foundation Nova Scotia · $47K rev · $451 net assets

Where the money goes

65 cents of each dollar spent went to programs.

65%

35%

Program services 65% · $63.6M Management & general 35% · $34.3M Fundraising 1% · $615K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

44 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII

Jeffrey Hennessy

President & Vice Chancellor

$276,704Pt VII · Sec A

Ashlee Cunsolo

Provost & VP Academic

$181,421Pt VII · Sec A

Jeff Hooper

Dean Pure & Applied Science

$158,897Pt VII · Sec A

Jeffrey Hooper

Dean of Pure & Applied Science

$158,897Pt VII · Sec A

Erin Beaudin

VP Finance & Admin, and CFO

$155,453Pt VII · Sec A

Scott Duguay

VP Student Experience

$151,754Pt VII · Sec A

Nancy Handrigan

VP External Relations

$148,701Pt VII · Sec A

Conor Vibert

Professor

$145,491Pt VII · Sec A

Jeffrey Hennessy’s $277K as President & Vice Chancellor is at the 60th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2026	FY2025	FY2024	FY2023	FY2022
Jeffrey Hennessy	$276,704	$263,830	$160,818	—	—
Peter Ricketts	—	$180,330	$267,458	$264,801	$276,504
Clifford Keefe	—	$122,830	$197,680	$151,211	$159,772
Ashlee Cunsolo	$181,421	$61,671	—	—	—
Mary Macvicar	—	$117,637	$167,614	$115,023	$120,399
Jeffrey Hooper	$158,897	$146,167	$151,731	$131,952	$141,642
Jeff Hooper	$158,897	—	—	—	$141,642
Christopher Callbeck	—	—	$73,157	$143,583	$156,917

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers a personalized liberal education fostering knowledge, experience, community, and global citizenship.

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Provided by the organization

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3 programs · $66.1M · in their own filed words · FY2025

01

Academic Teaching, Scholarships & Bursaries and Library

$50.6Mprogram expense

02

Student Services, Room and Board

$10.3Mprogram expense

03

Research Activities

$5.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

John Cormac Carten FoundationFY2025$4K

Total grants receivedfrom 1 funder$4K

By the numbers

The FY2026 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$94.2M

Ln 12

Fees for servicesLn 2g$40.9M

Gifts and grantsLn 1h$32.5M

Other incomeLn 4–11$13.8M

Money outPt IX

$98.5M

Ln 25

Programscol B$63.6M

Managementcol C$34.3M

Fundraisingcol D$615K

Owns and owesPt X

$114.0M

net assets · Ln 32

Cash and savingsLn 1–2$51.5M

Total assetsLn 16$247.0M

LiabilitiesLn 26$133.0M

PeoplePt VI, VII

44

listed · VII A

PaidVII A11

Voting boardVI 1a34

IndependentVI 1b34

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$32.5M

Government grantsLn 1e$26.3M

Fees for servicesLn 2g$40.9M

Investment incomeLn 3$7.1M

Other incomeLn 4–11$13.8M

Total revenueLn 12$94.2M

Assets in detailPt X, end of year

SavingsLn 2$51.5M

Cash and savings togetherLn 1–2$51.5M

InvestmentsLn 11–13$121.5M

Land, buildings, equipmentLn 10c$65.4M

Other assetsLn 15$143K

Total assetsLn 16$247.0M

LiabilitiesLn 26$133.0M

Net assetsLn 32$114.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 6100

Fiscal year endsHeaderMarch

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY26	End FY26
Cash and savingsLn 1–2	$50.7M	$51.5M
InvestmentsLn 11–13	$106.1M	$121.5M
Land, buildings, equipmentLn 10c	$64.0M	$65.4M
Total assetsLn 16	$229.5M	$247.0M
LiabilitiesLn 26	$127.9M	$133.0M
Net assetsLn 32	$101.7M	$114.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants and assistance to foreign recipientsLn 3	$6.1M	$6.1M
Pay of current officers, directors and key staffLn 5	$479K		$479K
Other salaries and wagesLn 7	$50.3M	$42.5M	$7.3M	$411K
Pension plan contributionsLn 8	$114K	$96K	$18K
Other employee benefitsLn 9	$4.5M	$3.2M	$1.2M	$50K
Payroll taxesLn 10	$3.1M	$2.6M	$447K	$23K
Legal feesLn 11b	$232K		$232K
Accounting feesLn 11c	$83K		$83K
Investment management feesLn 11f	$542K		$542K
Other fees for servicesLn 11g	$8.6M	$2.3M	$6.3M
Office expensesLn 13	$6.7M	$3.2M	$3.4M	$101K
Information technologyLn 14	$1.3M	$961K	$320K
TravelLn 17	$1.9M	$1.4M	$455K	$30K
InterestLn 20	$992K		$992K
Depreciation, depletion and amortizationLn 22	$6.5M		$6.5M
InsuranceLn 23	$483K		$483K
Other expenses (24a–d)Ln 24	$6.9M	$1.3M	$5.6M
Total functional expensesLn 25	$98.5M	$63.6M	$34.3M	$615K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2026 Latest Viewing	$94.2M	$98.5M	−$4.3M	$114.0M	990 PDF
FY2025	$89.7M	$93.1M	−$3.4M	$101.7M	990 PDF
FY2024	$92.1M	$92.7M	−$593K	$101.6M	990 PDF
FY2023	$86.4M	$84.2M	$2.2M	$92.1M	990 PDF
FY2022	$86.9M	$83.7M	$3.1M	$95.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations

See the full FY2026 990 (6 parts)

Part I · Summary $94,220,000 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $29,199,000$32,463,000

I-9 Program service revenuePrior year $40,804,000$40,887,000

I-10 Investment incomePrior year $6,766,000$7,103,000

I-11 Other revenuePrior year $12,952,000$13,767,000

I-12 Total revenuePrior year $89,721,000$94,220,000

I-13 Grants and similar amounts paidPrior year $5,511,000$6,057,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $52,573,000$58,356,000

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $35,027,000$34,134,000

I-18 Total expensesPrior year $93,111,000$98,547,000

I-19 Revenue less expensesPrior year −$3,390,000−$4,327,000

Part VI · Governance 34 of 34 board members independent, 1 to look at

VI-1a Voting members of the governing body34

VI-1b Independent voting members34

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $94,220,000 across 7 lines filed

VIII-1e Government grants$26,300,000

VIII-1f All other contributions, gifts and grants$6,163,000

VIII-1h Total contributions, gifts and grants$32,463,000

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,887,000$40,887,000

VIII-3 Investment incomeRelated to mission $7,103,000$7,103,000

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,767,000$13,767,000

VIII-12 Total revenueRelated to mission $61,757,000 · Unrelated business $0 · Excluded from tax $0$94,220,000

Part IX · Statement of functional expenses $98,547,000 across 17 lines filed

IX-3 Grants and assistance to foreign recipientsPrograms $6,057,000$6,057,000

IX-5 Pay of current officers, directors and key staffManagement $479,000$479,000

IX-7 Other salaries and wagesPrograms $42,526,000 · Management $7,320,000 · Fundraising $411,000$50,257,000

IX-8 Pension plan contributionsPrograms $96,000 · Management $18,000$114,000

IX-9 Other employee benefitsPrograms $3,169,000 · Management $1,233,000 · Fundraising $50,000$4,452,000

IX-10 Payroll taxesPrograms $2,584,000 · Management $447,000 · Fundraising $23,000$3,054,000

IX-11b Legal feesManagement $232,000$232,000

IX-11c Accounting feesManagement $83,000$83,000

IX-11f Investment management feesManagement $542,000$542,000

IX-11g Other fees for servicesPrograms $2,320,000 · Management $6,280,000$8,600,000

IX-13 Office expensesPrograms $3,206,000 · Management $3,388,000 · Fundraising $101,000$6,695,000

IX-14 Information technologyPrograms $961,000 · Management $320,000$1,281,000

IX-17 TravelPrograms $1,418,000 · Management $455,000 · Fundraising $30,000$1,903,000

IX-20 InterestManagement $992,000$992,000

IX-22 Depreciation, depletion and amortizationManagement $6,469,000$6,469,000

IX-23 InsuranceManagement $483,000$483,000

IX-24 Other expenses (24a–d)Programs $1,301,000 · Management $5,553,000$6,854,000

IX-25 Total functional expensesPrograms $63,638,000 · Management $34,294,000 · Fundraising $615,000$98,547,000

Part X · Balance sheet $247,017,000 assets, 20 lines filed

X-2 Savings and temporary cash investmentsStart of year $50,744,000$51,524,000

X-3 Pledges and grants receivableStart of year $1,108,000$1,943,000

X-4 Accounts receivableStart of year $5,385,000$4,775,000

X-9 Prepaid expenses and deferred chargesStart of year $1,526,000$1,501,000

X-10c Land, buildings and equipment, netStart of year $64,002,000$65,447,000

X-11 Publicly traded securitiesStart of year $106,083,000$121,502,000

X-14 Intangible assetsStart of year $528,000$182,000

X-15 Other assetsStart of year $139,000$143,000

X-16 Total assetsStart of year $229,515,000$247,017,000

X-17 Accounts payable and accrued expensesStart of year $8,697,000$7,127,000

X-18 Grants payableStart of year $24,264,000$29,328,000

X-19 Deferred revenueStart of year $18,466,000$19,890,000

X-20 Tax-exempt bond liabilities$0

X-24 Unsecured notes and loans payableStart of year $258,000$209,000

X-25 Other liabilitiesStart of year $46,019,000$47,553,000

X-26 Total liabilitiesStart of year $127,862,000$132,970,000

X-27 Net assets without donor restrictionsStart of year −$4,732,000−$8,431,000

X-28 Net assets with donor restrictionsStart of year $106,385,000$122,478,000

X-32 Total net assets or fund balancesStart of year $101,653,000$114,047,000

X-33 Total liabilities and net assetsStart of year $229,515,000$247,017,000

Part XI · Reconciliation of net assets $114,047,000 net assets at year end

XI-1 Total revenue$94,220,000

XI-2 Total expenses$98,547,000

XI-3 Revenue less expenses−$4,327,000

XI-4 Net assets at start of year$101,653,000

XI-9 Other changes in net assets$16,721,000

XI-10 Net assets at end of year$114,047,000

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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