Banff Centre
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
C
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.
76%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 76 cents are available for programs.
My anchor
OVERVIEW
About Banff Centre:
Banff Centre is a 2-star charity. It is financially transparent and has reasonable overhead costs but has a below-average results reporting grade.
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 positive change in the arts community. Banff Centre's Arts programs cover the performing, visual, Indigenous, and literacy arts.
In F2022, Banff Centre held 27 arts training programs, of which 12 were online and 15 were in person. Some of these programs include Evolution: Classical, a two-week artist development program for instrumentalists and vocalists. It also ran the Indigenous Haute Couture Fashion Residency, a three-week residency that helped Indigenous textile-based artists develop their design and pattern development skills.
Banff Centre also ran nine online Indigenous leadership programs in F2022. These programs teach leaders how to establish a strategic direction for their communities and organizations, implement that plan through focused effort, and measure performance.
Across its programs, Banff Centre had 11,949 participant days in F2022, up 152% from the year prior.
My anchor
Results and Impact
Charity Intelligence could not find any publicly available quantifiable outcomes for Banff Centre.
This charity is not yet rated on impact (n/r).
My anchor
Finances
In F2022, the Banff Centre received $14.5m in donations. Administrative costs are 13% of revenues (excluding investment income), and fundraising costs are 11% of donations. This results in total overhead spending of 24%. For every dollar donated to the charity, 76 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
The Banff Centre has $63.3m of reserve funds, of which $45.9m are donor endowed. Excluding donor-endowed funds, the charity could cover around nine months of its program costs with its reserves.
This charity report is an update that has been sent to Banff Centre. Changes and edits may be forthcoming.
Updated on August 9, 2023 by Krystie Nguyen.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 12.7% | 12.5% | 7.8% |
| Fundraising costs as % of donations | 10.8% | 11.4% | 22.4% |
| Total overhead spending | 23.6% | 23.9% | 30.2% |
| Program cost coverage (%) | 72.1% | 90.7% | 18.1% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 8,002 | 7,110 | 10,126 |
| Government funding | 20,351 | 21,784 | 22,966 |
| Fees for service | 954 | 239 | 2,827 |
| Business activities (net) | 3,785 | 2,181 | 30,987 |
| Investment income | 3,392 | 2,729 | 3,275 |
| Other income | (380) | 776 | (1,563) |
| Total revenues | 36,104 | 34,819 | 68,618 |
| Program costs | 26,426 | 24,167 | 58,158 |
| Administrative costs | 4,160 | 4,013 | 5,090 |
| Fundraising costs | 867 | 809 | 2,265 |
| Total spending | 31,453 | 28,989 | 65,512 |
| Cash flow from operations | 4,651 | 5,830 | 3,106 |
| Capital spending | 5,323 | 8,834 | 4,608 |
| Funding reserves | 63,266 | 64,979 | 53,617 |
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 endowment contributions and transfers as revenue. Ci adjusted for deferred capital contributions and deferred contributions and grants and included these amounts in Other income, affecting total revenues by ($380k) in F2022, $776k in F2021, and ($1.6m) in F2020.
Salary Information
$350k + |
1 |
$300k - $350k |
2 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
4 |
$120k - $160k |
2 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-762-6100