Finances

The Gateway is funded by a combination of advertisement revenue, our Dedicated Fee Unit (DFU), and other income — including our merchandise and government grants.

Every undergraduate student at the University of Alberta pays our DFU, according to Students’ Union Bylaw 3000 Schedule 1.

As a not-for-profit, every dollar students give us or any other piece of revenue we receive is used towards our mission of producing professional student journalism.

If there are ever any questions about our finances, please do not hesitate to reach out to our Editor-in-Chief at [email protected] or the Executive Director at [email protected]

Annual Budget

Every year, The Gateway staff — in conjunction with our Board of Directors and Gateway Student Journalism Society student membership — craft an operating budget. This budget guides the operations and expenditures made by The Gateway for that respective fiscal year.

Budget Summary

Expenses

All expenses at The Gateway are guided by our overall purpose: to provide reliable information to students and give anyone interested in being part of The Gateway — regardless of their faculty or program at the University of Alberta — the opportunity to gain valuable experience in journalism.

The majority of our expenses go toward maintaining a staff who can set standards, create professional content, and train volunteer contributors. We also spend money to print and distribute our monthly magazines alongside maintaining critical online infrastructure for our website.

Salaries

The Gateway has 13 paid staff members. For complete transparency we release the annual salaries paid by position.

Management Staff

  • Editor-in-Chief: $21,000
  • Online Editor: $14,075
  • Magazine Editor: $14,075
  • Executive Director: $13,490

Editorial Staff

  • Art Director: $15,075
  • News Editor: $11,500
  • Photo Editor: $10,350
  • Opinion Editor: $10,350
  • Arts & Culture Editor: $10,350
  • Staff Reporter: $5,175
  • Webmaster: $4,800

Business Unit

  • Marketing & Outreach Coordinator: $8,250
  • Business Administrator: $9,000

Oversight

We take our commitment to financial transparency and accountability very seriously. As a community-driven organization we rely on our relationships — whether those be with our readers, students who become volunteer contributors, or students who become future staff members.

The Gateway‘s finances are overseen by our Board of Directors. The Editor-in-Chief has fiduciary responsibility and works in conjunction with the Business Unit staff at The Gateway to ensure the finances are in order. The Business Unit consists of the Business Administrator, Marketing & Outreach Coordinator, and is managed directly by the Executive Director.

Every month, financial reporting is presented to the Gateway Student Journalism Society Board of Directors Finance Committee. The Gateway abides by the University of Alberta Students’ Union bylaws regarding operational DFUs. We submit financial documents and reporting annually to Students’ Council Finance Committee for oversight.

Additionally, The Gateway abides by all Canada Revenue Agency requirements for not-for-profits and the Societies Act of Alberta.

Every year, The Gateway will publish an impact report to showcase how each dollar was spent and connect it to results. This will be published no later than April 30 of every academic year starting in 2020-21.

Audited Financial Statements

Every year The Gateway undergoes an external audit to ensure our fiscal practices are sound and that funds can be accurately accounted for. Our current auditors are Yates Whitaker.

Copies of our audits are posted here for any student or other stakeholder to view.

Fiscal Year End June 30, 2020

Fiscal Year Ended June 30, 2019

Fiscal Year End June 30, 2018

Fiscal Year End June 30, 2017

Fiscal Year End June 30, 2016

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