Kinsmen Foundation

2217C Hanselman Court
Saskatoon, SK S7L 6A8
Executive Director: Joan Steckhan
Board Chair: Tracy Malayney

Charitable Reg. #: 10757 1630 RR0001
Sector: Social Services
Operating Charity

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 $54,576

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 1
< $40k 3
Information from most recent CRA Charities Directorate filings for F2012

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 2012, the Foundation granted 579 applications from individuals, groups and healthcare facilities for amounts ranging from $125 to $1,250,000.

Financial Review:

Administrative costs are 9% of revenue and fundraising costs are 16% of donations. The charity has funding reserves of $11.5m, which cover annual program costs 3.2 times.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 9.0%11.7%15.3%
Fundraising costs as % of donations 16.2%20.3%19.9%
Program cost coverage (%) 321.2%370.5%281.5%

Summary Financial Statements

All figures in $000s
Donations 6,2144,5944,137
Investment income 203206200
Total revenues 6,4174,8004,337
Grants 3,5882,4823,785
Administrative costs 560536634
Fundraising costs 1,005932822
Cash flow from operations 1,264850(904)
Funding reserves 11,5249,19710,654
Note: Ci reported fundraising revenue gross of related expenses, increasing both revenue and expenses by $1,015k in F2012, $939k in F2011, and $828k in F2010. Ci removed unrealized loss/gain on investments, changing revenue by ($17k) in F2011 and $82k in F2010.

Comments added by the Charity:

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