Fora: Network for Change

Suite 2100 Box #55, 401 Bay St.
Toronto, ON M5H 2Y4
CEO: Emma Asiedu-Akrofi
Board Chair: Beth Dewitt

Charitable Reg. #:83102 1506 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

A

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

41%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 41 cents are available for programs.



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OVERVIEW

About Fora: Network for Change:

Fora: Network for Change is a 3-star charity. It is financially transparent and has an A Results Reporting grade, which is above average. Its overhead spending is 59%, which is not within Ci’s reasonable range. Its reserve funds can cover program costs for nearly one year, which is within Ci’s reasonable range.

Founded in 2009, Fora: Network for Change (FORA), formerly known as G(irls)20, aims to help young feminist leaders develop their leadership skills and amplify their voices in decision-making spaces. In 2020, FORA reported that 26% of Parliamentary seats around the world were held by women, with less than 2% held by women under 30. It also reports that in Canada, public and private corporations had 19% of their board seats filled by women, with less than 5% of those seats filled by women under 30 in 2020.

FORA spent $504k on its programs in 2024. It runs three programs: Rise on Boards, Global Summit, and Advocacy.

Rise on Boards got 49% ($245k) of program spending in 2024. This program aims to build more inclusive boardrooms across Canada. The charity trains and places diverse leaders (Young Directors) in their first board roles. In 2024, it spent 3,340 hours training 145 leaders. In 2024, 30 Young Directors participated in year-long placements with nonprofits, and 36 Young Directors received in-depth leadership and board governance training.

Global Summit got 30% ($154k) of program spending in 2024. This annual event brings together accomplished leaders internationally to help attendees improve their leadership, community-building, policy engagement, and advocacy skills. In 2024, the charity held one Global Summit. Since 2009, the charity has hosted 13 Global Summits and trained 310 Global Summit delegates and attendees.

Advocacy got 21% ($105k) of program spending in 2024. These programs aim to help young women and marginalized individuals make their voices heard in places of power. The charity does so through research, workshops, and other leadership opportunities. In 2024, it launched two research publications and sent one youth delegate to the 68th Annual Commission on the Status of Women (CSW68), hosted by UN Women. The charity also hosted a Leadership Forum event, aimed at advancing justice and gender equality. The Leadership Forum had 13 panelists and 184 attendees.

Across all of FORA’s programs, it delivered 75 training sessions, workshops and events in 2024. It also engaged 698 community members in 2024.

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Results and Impact

In 2024, Fora: Network for Change reported that in its Rise on Boards program, over 80% of boards invited their Young Director to remain on the board after their placement ended. It also reported that from 2017 to 2024, over 70% of participating boards have changed internal policies or practices following the charity’s involvement.

While Ci highlights these key results, they may not completely represent FORA’s results and impact.

Ci has not calculated FORA’s impact. This shows as n/r and does not affect the star rating.

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Finances

Fora: Network for Change’s audited financial statements follow activity-based costing, a financial reporting best practice. This means its expenses are defined between program, administrative and fundraising costs.

FORA received $691k in donations in 2024, which is 60% of total revenue. This is a 122% increase from the $311k in donations in 2023. It got $436k in government funding, which is 38% of total revenue. It spent $504k on its programs in 2024, which is 43% of revenue. FORA recorded a surplus of $160k in 2024 (14% of revenue).

FORA spent $274k on fundraising costs, which is 40% of donations. It spent $221k on administrative costs, which is 19% of revenue. FORA has total overhead spending of 59%. For every dollar donated to FORA, 41 cents are available to go to the cause. This is not within Ci’s reasonable range of 65-95.

FORA has $485k in reserve funds (cash and investments). FORA can cover 96%, or nearly one year of its annual program costs with its reserve funds. This is within Ci’s reasonable range.

This report is an update that has been sent to Fora: Network for Change for review. Changes and edits may be forthcoming.

Updated on August 27, 2025, by Leah DeFrancesco.

Financial Review


Financial Ratios

Fiscal year ending December
202420232022
Administrative costs as % of revenues 19.1%20.9%8.6%
Fundraising costs as % of donations 39.6%66.1%17.5%
Total overhead spending 58.7%87.0%26.1%
Program cost coverage (%) 96.4%47.8%63.7%

Summary Financial Statements

All figures in $s
202420232022
Donations 690,665311,175802,446
Government funding 436,104452,425354,702
Other income 31,88930,5750
Total revenues 1,158,658794,1751,157,148
Program costs 503,730684,464900,424
Administrative costs 221,092166,01599,722
Fundraising costs 273,581205,752140,403
Total spending 998,4031,056,2311,140,548
Cash flow from operations 160,255(262,056)16,600
Capital spending 5,54405,725
Funding reserves 485,381327,390574,003

Note: 1. Ci adjusted for deferred donations, affecting revenue by $199k in 2024, ($246k) in 2023, and $196k in 2022. 2. Ci adjusted for contributions receivable, affecting revenue by $41k in 2024, $41k in 2023, and ($76k) in 2022.

Salary Information

Full-time staff: 15

Avg. compensation: $48,682

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
2
$40k - $80k
8
< $40k
0

Information from most recent CRA Charities Directorate filings for F2023

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.foranetwork.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-216-4861

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Charitable Registration Number: 80340 7956 RR0001