Confederation Centre of the Arts
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
B-
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.
63%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 63 cents are available for programs.
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OVERVIEW
About Confederation Centre of the Arts:
Confederation Centre of the Arts is a 3-star charity. It has a B- results reporting grade, which is below average. Its overhead spending is just outside Ci’s reasonable range, and it has reserve funds to cover four months of its annual program costs. The charity is financially transparent, but audited financial statements for its associated foundation are only available on request.
Founded in 1964, Confederation Centre of the Arts (the Centre) aims to celebrate Canada and its people through the arts. It is located in Charlottetown, PEI. Originally called the Fathers of Confederation Memorial Building, and still formally named Fathers of Confederation Building Trust, the Centre was built as a tribute to the men who founded the Canadian Confederation. The Centre has three main programs: On Stage, Art Gallery, and Arts Education and Heritage.
In the fiscal year ending March 2023 (F2023), the Centre spent $5.7m (65% of program spending) on its On Stage programs. 10,602 patrons attended LIVE @ the Centre in F2023. LIVE @ the Centre featured music, dance, and comedy performances in the fall and winter. 91,650 patrons attended the 2022 Charlottetown Festival. The festival runs every summer and is a leader in Canadian musical theatre. The Centre reports that the Festival has launched over 80 original productions since 1964.
The Centre spent $911k (10% of program spending) on its Art Gallery in F2023. The Gallery has a national mandate to develop appreciation and understanding of Canadian visual arts. It presents an average of 12 exhibitions each year. Confederation Centre of the Arts had 27,033 visits to the Gallery in F2023. It also launched a new digital exhibition on Anne of Green Gables. This exhibition made the original manuscript of Anne of Green Gables available online. In F2023, the manuscript website received 57,782 views.
The Centre spent $546k (6% of program spending) on Arts Education and Heritage in F2023. The Centre offers camps and classes for PEI youth. In F2023, the Centre had 245 dance students and 114 singers in choral music programs. It also had 463 participants in arts camps and classes. The Centre also offers Arts Discovery Days. Students participated in hands-on sessions connected with the social studies and arts curriculum. In F2023, 396 students participated in Arts Discovery Days. The Centre states that its Heritage programming provides a space for diverse voices to share perspectives and ideas about Canada. In F2023, 3,256 patrons took a Heritage Players Tour. These tours teach patrons about Prince Edward Island’s role in Canadian history. The Symons Medal Presentation and Lecture awards an individual who has made an exceptional contribution to Canadian life. 886 tickets were booked for the Symons Medal lecture in F2023.
The Centre spent $1.7m (19% of program spending) on Programming Support in F2023. Ci also included $4.5m spent on building operations in program costs.
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Results and Impact
Charity Intelligence could not find any quantified outcomes on Confederation Centre for the Arts’ website. This may not be a complete representation of the Centre’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Ci consolidated Confederation Centre of the Arts with Confederation Centre of the Arts Foundation for this financial report.
Confederation Centre of the Arts received $1.4m in donations in F2023. It also received $7.5m in government funding (50% of total revenue). The Centre made $6.1m in fees for service in F2023 (41% of total revenue). Administrative costs are 9% of total revenue (excluding investment income) and fundraising costs are 28% of donations. Overhead spending is 37%, which is just outside Ci’s reasonable range. For every dollar donated, 63 cents are available for the cause. In F2023, the Centre spent $11.8m on its programs (79% of total revenue excluding goods in-kind).
In F2023, Confederation Centre for the Arts had a surplus of $1.3m and spent $2.0m on capital expenditures.
At the end of F2023, the Centre had $17.2m in reserve funds (cash and investments). $13.4m of these funds are donor endowed. Excluding donor-endowed funds, the charity has reserve funds to cover 35% or four months of its annual program costs.
This charity profile is an update that has been sent to Confederation Centre of the Arts for review. Changes and edits may be forthcoming.
Updated on August 2nd, 2024 by Thea Clark.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.1% | 10.3% | 8.1% |
| Fundraising costs as % of donations | 27.9% | 22.3% | 37.2% |
| Total overhead spending | 36.9% | 32.6% | 45.3% |
| Program cost coverage (%) | 35.4% | 75.8% | 44.3% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 1,381 | 1,047 | 479 |
| Goods in kind | 459 | 172 | 143 |
| Government funding | 7,467 | 8,049 | 10,422 |
| Fees for service | 6,120 | 1,128 | 185 |
| Business activities (net) | 359 | 99 | (10) |
| Investment income | (235) | 1,207 | 3,189 |
| Other income | (714) | 1,048 | 205 |
| Total revenues | 14,836 | 12,750 | 14,612 |
| Program costs | 11,365 | 7,192 | 5,732 |
| Donated goods exp | 459 | 172 | 143 |
| Administrative costs | 1,369 | 1,191 | 927 |
| Fundraising costs | 385 | 234 | 178 |
| Total spending | 13,578 | 8,789 | 6,980 |
| Cash flow from operations | 1,258 | 3,961 | 7,632 |
| Capital spending | 1,977 | 892 | 1,760 |
| Funding reserves | 17,171 | 18,831 | 15,543 |
Note: COMMERCIAL REVENUE: Ci reported commercial revenue as a business activity net of expenses, decreasing revenue and expenses by $727k in F2023, $272k in F2022, and $340k in F2021. DEFERRED REVENUE: Ci adjusted for deferred revenue in other revenue. This affected total revenue by ($714k) in F2023, $1.0m in F2022, and $205k in F2021. DONATED GOODS IN-KIND: Ci backed donated goods in-kind out of donations and recorded them as donated goods in-kind. INTERPARTY TRANSFERS: Ci excluded transfers between the operating charity and the foundation, affecting total revenue by ($500k) in F2023, ($500k) in F2022, and ($50k) in F2021. UNREALIZED GAIN (LOSS) ON INVESTMENTS: Ci reported unrealized gain (loss) on investments reported below the line in investment income. This affected total revenue by ($714k) in F2023, $467k in F2022, and $2.3m in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
7 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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