Kinsmen Foundation

2217C Hanselman Court
Saskatoon, SK S7L 6A8
Executive Director: Cindy Xavier
Board Chair: Eli Rizk

Website: www.telemiracle.com
Charitable Reg. #: 10757 1630 RR0001

Sector: Social Services

Operating Charity

Charity Rating

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Donor Accountability

Grade: C

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

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #5

Avg. Compensation $69,285

Top 10 Staff Salary Range

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

Information from most recent CRA Charities Directorate filings for F2015

About Kinsmen Foundation:

Founded in 1971, the Kinsmen Foundation approves grants for special needs equipment and access to medical assistance for Saskatchewan residents, groups and health foundations to improve quality of life and independence. Special needs equipment purchases include: wheelchairs, electric scooters, vehicle conversions, communication devices, and specialized tubs and beds, among others. Medical assistance includes travel and accommodation subsidies for people travelling to health care facilities in other parts of the province or country.

The Foundation raises most of its funds from Telemiracle, a 20-hour show and telethon broadcast by CTV. Telemiracle features a different cast every year and has various performances, including singing, dancing and comedy.

In 2015, the Foundation reported granting 31 applications from individuals, groups and healthcare facilities for amounts up to $245k. These grants, which were reported on the foundation’s T3010 filing with the CRA, account for only $1.9m of the $3.6m in grants reported in the foundation’s audited financials in F2015.

Financial Review:

Kinsmen Foundation is a medium-sized charity with $4.5m in donations in F2015. Souvenir sales at its annual Telemiracle event brought in an additional $21k in revenues. Administrative costs were 16% of revenues and fundraising costs were 23% of donations. As such, for every $1 donated, 61 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range of overhead spending. Funding reserves of $10.2m can cover annual grants 2.8 times.

This charity report is an update that is currently being reviewed by Kinsmen Foundation. Changes and edits may be forthcoming.

Updated on June 23, 2017 by Juliana Badovinac.

Financial Ratios Fiscal year ending June	2015	2014	2013
Administrative costs as % of revenues	15.5%	12.8%	11.7%
Fundraising costs as % of donations	23.3%	19.7%	17.6%
Program cost coverage (%)	278.4%	256.7%	326.5%

Summary Financial Statements All figures in $s	2015	2014	2013
Donations	4,457,442	5,244,643	5,464,137
Business activities (net)	21,415	20,204	24,896
Investment income	191,150	213,601	220,991
Total revenues	4,670,007	5,478,448	5,710,024
Grants	3,647,042	4,695,274	3,960,071
Administrative costs	696,047	673,740	643,641
Fundraising costs	1,040,363	1,033,037	961,653
Cash flow from operations	(713,445)	(923,603)	144,659
Funding reserves	10,151,743	12,054,180	12,930,830

Note: Business activities are reported gross as no related expenses were reported on the foundation’s audited financials. Ci used fundraising, administrative, and fundraising allocations from the foundation’s T3010 filing with the CRA. In F2014, Kinsmen Foundation reported an additional $780k in grants that were not included in the audited financials. Ci has removed this amount. Revenues were initially reported net of Telemiracle expenses. Ci reallocated these costs back into expenses, increasing revenues and expenses by $1.0m in F2015, $1.0m in F2014, and $966k in F2013.

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