Kinsmen Foundation

2217C Hanselman Court
Saskatoon, SK S7L 6A8
Executive Director: Richard Kies
Board Chair: Kim Lowe

Charitable Reg. #:10757 1630 RR0001

STAR RATING

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

🔓
Unlock Charity Ratings

FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

F

RESULTS REPORTING

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

Low

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.

67%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 67 cents are available for programs.



My anchor

OVERVIEW

About Kinsmen Foundation:

Founded in 1971, Kinsmen Foundation works to improve the quality of life of people in Saskatchewan by raising money to purchase medical equipment and fund medical travel expenses. Grants for equipment may be awarded to individuals or care homes for people with special needs, with past purchases including walkers, accessories to make vehicles more accessible, wheelchairs, specialized bathtubs, and systems to lift people. The charity notes that people traveling out of province for organ transplants can receive more than $20,000 from Kinsmen Foundation to subsidize their travel, food, and accommodation expenses.

Kinsmen Foundation raises money through Telemiracle, an annual 20-hour talent show and telethon. The Foundation reports that in the 42 years since the first Telemiracle in 1977, the event has raised more than $130 million. Kinsmen Foundation reported that $5.5m was raised through Telemiracle in F2020.

Of the total $4.8m Kinsmen Foundation granted in F2019 (including $916k not dispersed by year-end), $807k is outlined in the Foundation’s T3010 filing with the CRA. These grants were awarded to other registered charities in Saskatchewan, with the largest grants received by St. Ann's Senior Village ($200k), Saskatchewan Prevention Institute ($120k), and STARS ($89k). The charity does not report on the remaining $4.0m in grants.

My anchor

Results and Impact

Charity Intelligence did not find any quantified outcomes for Kinsmen Foundation.

Charity Intelligence has rated Kinsmen Foundation as Low impact based on demonstrated impact per dollar spent.

Impact Rating: Low

My anchor

Finances

Charity Intelligence has scored Kinsmen Foundation as a zero in financial transparency because the charity has failed to provide full financial statements when requested. The financial analysis completed by Charity Intelligence uses the most recent financial statements available to Ci, from the CRA, at the time of writing this report.

Kinsmen Foundation received donations of $5.7m in F2019. Administrative costs are 13% of revenues less investment income, and fundraising costs are 20% of donations. For every dollar donated, 67 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

Kinsmen Foundation has $12.5m in funding reserves, of which $39k is donor-endowed. Excluding donor-endowed funds, the foundation could grant for 3.2 years at the F2019 level using reserves.

This charity report is an update that has been sent to Kinsmen Foundation for review. Changes and edits may be forthcoming.

Updated on August 17, 2021 by Rachel Leteta.

Financial Review


Financial Ratios

Fiscal year ending June
201920182017
Administrative costs as % of revenues 13.0%10.6%13.7%
Fundraising costs as % of donations 20.0%16.4%21.3%
Total overhead spending 33.0%27.0%35.0%
Program cost coverage (%) 317.3%345.5%318.8%

Summary Financial Statements

All figures in $000s
201920182017
Donations 5,7017,1835,064
Business activities (net) 292226
Investment income 234172146
Total revenues 5,9647,3785,236
Grants 3,9313,5453,156
Administrative costs 745763696
Fundraising costs 1,1381,1781,078
Total spending 5,8145,4864,931
Cash flow from operations 1491,892306
Capital spending 3125
Funding reserves 12,50612,28210,094

Note: Ci has presented costs associated with Telemiracle as expenses rather than showing Telemiracle revenue net of costs, affecting revenues and expenses by $1.2m in F2019, $1.2m in F2018, and $1.1m in F2017. Grants approved but not disbursed were adjusted for. Ci has used administrative and fundraising costs as presented in the Foundation’s T3010 filing with the CRA. Amortization related to office expenses and Telemiracle has been removed pro-rata from administrative and fundraising costs.

Salary Information

Full-time staff: 6

Avg. compensation: $74,380

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
4
< $40k
1

Information from most recent CRA Charities Directorate filings for F2020

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.telemiracle.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 306-244-6400

Print