Kinsmen Foundation
Saskatoon, SK S7L 6A8
Executive Director: Cindy Xavier
Board Chair: Eli Rizk
Website: www.telemiracle.com
Charitable Reg. #: 10757 1630 RR0001
Charity Rating
Results Reporting
Grade: C-
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
Spending Breakdown
Cents to the Cause
| ♦ | ♦ | ♦ | |
| 95¢ | |||
| 75¢ | |||
| avg | |||
| 65¢ | |||
| 50¢ | |||
| 2013 | 2014 | 2015 |
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 |
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 RatiosFiscal 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 StatementsAll 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 |
For more information on Canadian charities, please visit www.charityintelligence.ca
The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.
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