Confederation Centre of The Arts
STAR RATINGCi'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.
C
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.
79%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.
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Programs
About Confederation Centre of The Arts:
Founded in 1964 as Canada’s National Memorial to the Fathers of Confederation, who gathered at Province House in 1864 to discuss the creation of Canada, Fathers of Confederation Buildings Trust now operates as Confederation Centre of The Arts (CCOA). CCOA aims to engage and empower the imagination of youth; to honour the vision of the Founders of Canada; to strengthen Canada’s national identity; and to increase the cultural wealth of all Canadians. It showcases Canadian visual and performing arts by operating several theatres, an art gallery and the Charlottetown Festival.
In the 2017 season, the Confederation Centre of the Arts launched multiple theatre, gallery and heritage initiatives. In 2017, CCOA organized the Barenaked Ladies to perform. This well-known Canadian band performed on the 25th anniversary of their album Gordon. In addition, during the 2017 season, CCOA showcased four new pieces of theatre: On the Road with Dutch Mason, Pollyanna, Tompkinsville, and The Longing and the Short of It, as well as presenting two concerts.
The number of visitors to the Confederation Centre Art Gallery increased by 1,000 people in F2018 (The charity does not report the total visitation number for the year). The gallery presents an average of 20 exhibitions each year, and has a permanent collection of over 17,000 items. The gallery collaborated with several Canadian galleries and art leaders to create exhibitions showcasing Canadian artists. Art in the Open is an ongoing collaboration with the City of Charlottetown along with Charlottetown’s artist-run centre named this town is small inc. In its seventh year, the Charlottetown Festival featured nine contemporary art projects organized by the Art Gallery. Moreover, CCOA’s arts education programs saw almost 700 students participate in Art Discovery Days.
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Finances
Confederation Centre of the Arts is considered a medium-cap charity with $1.8m in donations. CCOA also received $5.5m in government funding and $5.6m from ticket sales. Its administrative costs are 9% of revenues (excluding investment income) and fundraising costs are 13% of donations. For every dollar donated, 79 cents go to the cause, which is within Ci’s reasonable range.
Ci consolidated assets from the CCOA and its foundation to calculate funding reserves of $11.2m. These funds can cover program costs for a little under one year.
CCOA does not report any staff members in its CRA T3010 filing.
This report is an update that has been sent to Confederation Centre of the Arts for review. Changes and edits may be forthcoming.
Updated July 15, 2019 by Parker Thomlinson.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.6% | 8.0% | 6.8% |
| Fundraising costs as % of donations | 12.5% | 16.8% | 19.4% |
| Program cost coverage (%) | 96.8% | 121.2% | 103.4% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 1,774 | 1,246 | 1,354 |
| Goods in kind | 474 | 314 | 692 |
| Government funding | 5,547 | 6,975 | 7,346 |
| Fees for service | 5,571 | 5,905 | 3,810 |
| Business activities (net) | 237 | 261 | 300 |
| Investment income | 123 | 69 | 141 |
| Total revenues | 13,726 | 14,769 | 13,642 |
| Program costs | 11,579 | 10,690 | 10,073 |
| Administrative costs | 1,165 | 1,174 | 919 |
| Fundraising costs | 222 | 209 | 263 |
| Cash flow from operations | 759 | 2,697 | 2,387 |
| Funding reserves | 11,208 | 12,957 | 10,414 |
Note: Ci has consolidated CCOA and CCOA Foundation statements affecting funding reserves. Ci used CCOA Foundation’s T3010 CRA filing, as its audited financial statements are not available. Ci has backed out amortization on a pro-rata basis from program, admin, and fundraising costs. Ci has presented commercial revenue net of expenses, affecting revenues and expenses by ($2.0m) in F2018, ($1.9m) in F2017, and ($2.1m) in F2016.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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