Kinsmen Foundation

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

Charitable Reg. #:10757 1630 RR0001

STAR RATING

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

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FINANCIAL TRANSPARENCY

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

D+

RESULTS REPORTING

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

n/r

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.

65%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 65 cents are available for programs.

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Programs

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 support people travelling to receive healthcare. 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. Individuals and families traveling out of province for specialized medical care can receive more than $20,000 to subsidize travel, food, and accommodations costs.

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 $123 million.

Of the total $2.7m in grants distributed in F2017, $493,000 is outlined on the foundation’s T3010 filing with the CRA. These grants were awarded to other registered charities in Saskatchewan, with the largest grants received by Saskatchewan Prevention Institute ($120,000), St. Joseph's Hospital Foundation ($82,000), and Westview School Community Council ($25,000). Grants not included in this list must have been allocated to individual recipients or organizations that are not registered charities. 

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Finances

Charity Intelligence has scored Kinsmen Foundation as a zero in financial transparency because the charity 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 is a large charity with donations of $5.1m in F2017. Administrative costs are 14% of revenues less investment income, and fundraising costs are 21% of donations. For every dollar donated, 65 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

Kinsmen Foundation has $10.1m in funding reserves, of which $39k is donor-endowed. Excluding donor-endowed funds, the foundation could grant for almost four years at the F2017 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 June 26, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending June
201720152014
Administrative costs as % of revenues 13.7%15.1%12.8%
Fundraising costs as % of donations 21.3%23.3%19.7%
Program cost coverage (%) 369.8%276.8%256.7%

Summary Financial Statements

All figures in $000s
201720152014
Donations 5,0644,4575,244,643
Business activities (net) 262120,204
Investment income 146191213,601
Total revenues 5,2364,6705,478,448
Grants 2,7293,6674,695,274
Administrative costs 696676673,740
Fundraising costs 1,0781,0401,033,037
Total spending 4,5045,3680
Cash flow from operations 732(713)(923,603)
Capital spending 5160
Funding reserves 10,09410,15212,054,180

Note: Ci has presented costs associated with Telemiracle as expenses rather than showing Telemiracle revenue net of costs, affecting revenues and expenses by $1.1m in F2017, $1.2m in F2016, and $1.0m in F2016. Ci has used administrative costs as presented on the foundation’s T3010 filing with the CRA. Amortization related to office operations has been removed from administrative costs and amortization associated with Telemiracle has been removed from fundraising costs.

Salary Information

Full-time staff: 6

Avg. Compensation $61,562

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 F2017

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Comments & Contact

Comments 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.

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