107 Tunnel Mountain Drive
Banff, AB T1L 1H5
Board Chair: David Weyant
CEO: Janice Price

Charitable Reg. #:11921 4955 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

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

B

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.

57%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 57 cents are available for programs.



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Programs

About Banff Centre:

Founded in 1933, Banff Centre works to inspire people and unleash their creative potential. The charity aspires to become the global leader in arts, culture, and creativity. Banff Centre runs programs that develop artists and leaders with the goal of creating works and ideas that are shared globally. The charity’s main programs focus on arts and leadership. Through its programs, Banff Centre hopes to connect individuals who share the same commitment to creating a positive change in the arts community. Banff Centre's Arts programs cover the performing, visual, indigenous, and literacy arts.  

In F2018, Banff Centre’s on-site programs were attended by close to 80,000 people. The charity hosted 364 conferences that welcomed 26,700 people in F2018. Registration in arts programs increased by 8% in F2018. Of all program attendees, 89% were from Alberta, up from 83% in F2017. In F2019, Banff Centre will be launching a new Indigenous Arts series.

 

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Results and Impact

The charity reports that 90% of program alumni are now working professionally in their respective fields. Furthermore, 81% secured a position within one year of taking a Banff Centre program, and 78% earn their living from artistic practice and serve as mentors or teachers in their community.

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Finances

The Banff Centre is a large charity, with donations of $6.7m in F2018. Administrative costs were 7% and fundraising costs were 36% in F2018. For every dollar donated to the charity, 57 cents go to the cause. This is outside Ci’s reasonable range for overhead spending. The Banff Centre has net funding reserves of $57m of which $40m are donor-endowed. Excluding donor-endowed funds, funding reserves can cover program costs for just over 3 months.

This charity report is an update that has been sent to Banff Centre. Changes and edits may be forthcoming.

Updated on July 23, 2019 by Stefan Tetzlaff.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 6.9%6.5%5.8%
Fundraising costs as % of donations 36.2%17.0%9.6%
Program cost coverage (%) 101.5%127.5%120.2%

Summary Financial Statements

All figures in $000s
201820172016
Donations 6,68612,41622,899
Government funding 24,37023,91123,247
Fees for service 2,7392,5882,558
Business activities (net) 29,86529,06828,203
Investment income 3,2031,308867
Total revenues 66,86369,29177,774
Program costs 56,07953,69951,654
Administrative costs 4,3594,4384,480
Fundraising costs 2,4172,1162,187
Cash flow from operations 4,0089,03819,453
Funding reserves 56,92468,48762,097

Note: Ci reconciled audited financials with the charity’s T3010 filing to allocate program, admin, and fundraising costs. Ci removed amortization pro-rata from program, admin, and fundraising costs. Ci recognized deferred revenues affecting revenue by ($224) in F2018, $3,507 in F2017, and $11,872 in F2016. Ci removed amortization of deferred capital contributions from revenue. Ci recognized endowment contributions and transfers as revenue. 

Salary Information

Full-time staff: 486

Avg. Compensation $57,216

Top 10 staff salary range

$350k +
1
$300k - $350k
1
$250k - $300k
1
$200k - $250k
3
$160k - $200k
2
$120k - $160k
2
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.banffcentre.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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