St-Laurent, QC H4M 2P3
Board President: Benoit Desormeaux
Board Vice-Chair: Francine Sauriol
Charitable Reg. #: 83203 8228 RR0001
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #3
Avg. Compensation $68,230
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||0|
|$40k - $80k||1|
About SEMAFO Foundation:
SEMAFO Foundation supports communities and offers an improved quality of life through investments in community development projects. SEMAFO Foundation operates in the West African nations of Burkina Faso and Niger. It works in 109 towns and villages located in regions where SEMAFO, a Canadian gold mining company, is present. In F2015, SEMAFO Foundation invested in education (50% of spending), health (15% of spending), community support (21% of spending), and agriculture and revenue-generating activities (14% of spending).
SEMAFO Foundation’s education program distributes school kits, supports specialized training and extracurricular activities and builds school infrastructure. In F2015, the charity reported that, since the inception of the College of General Education in Wona, there was an 82% increase in the secondary school enrolment rate in the town of Bana.
SEMAFO Foundation’s healthcare program develops healthcare infrastructure, supports autistic children and raises awareness about cervical cancer. In F2015, the charity screened 2,894 women for the human papillomavirus, finding 144 positive results and providing cryotherapy treatment to 128 people.
The charity’s community support program develops weak village water supplies and sanitation, with a focus on helping women and children. In F2015, the charity successfully constructed a second borehole in Bana, which can provide a mini-water supply for the village. In F2015, the charity also awarded 60 bicycles to school children based on academic performance and greatest distance travelled.
Finally, SEMAFO Foundation’s agriculture program helps families produce and sell products to generate a sustainable source of income. In F2015, 1,871 producers took part in the Seasame Project, growing and selling 482 tonnes to generate $624,050 in family income. Another 1,176 female shea nut collectors took part in the Shea Project, selling 28 tonnes of organic shea nuts to generate $62,630 in income.
SEMAFO Foundation is a small-cap charity, with donations of $971k in F2015. Its administrative costs are 12% of revenues and it did not report any fundraising costs in its F2015 statements. For every $1 donated to the charity, 88 cents is put towards its programs, falling within Ci’s reasonable range; however, the lack of reported fundraising costs is a concern. The charity has funding reserves of $410k, resulting in a program cost coverage ratio of 50%. This means that it can fund 6 months of its annual programs using its current reserves.
This charity report is an update that is being reviewed by SEMAFO Foundation. Changes and edits may be forthcoming.
Updated on June 2, 2016 by Lynn Tay.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||11.6%||12.9%||7.9%|
|Fundraising costs as % of donations||0.0%||0.3%||1.0%|
|Program cost coverage (%)||50.2%||41.3%||29.1%|
Summary Financial StatementsAll figures in $s
|Program costs - International||817,716||836,214||1,804,246|
|Program costs - Canada||0||0||0|
|Cash flow from operations||40,733||53,127||(279,657)|