Yellowknife Community Foundation
Yellowknife, NT X1A 2P2
Executive Director: Rosella Stoesz
Board President: Darrell Vikse
Website: yellowknifecommunityfoundation.ca
Charitable Reg. #: 88910 1978 RR0001
Charity Rating
Donor Accountability
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
endowed
Spending Breakdown
Full-time staff #0
Avg. Compensation $0
Top 10 Staff Salary Range
| $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 |
About Yellowknife Community Foundation:
Founded in 1993, the Yellowknife Community Foundation’s mission is to enhance the quality of life of the citizens of Yellowknife and the surrounding area by: identifying and addressing current and anticipated community needs; and, raising, managing, and distributing investment income from donated funds to meet those needs. The Foundation is not singularly dedicated to any specific area of support.
In F2011, the Foundation granted fourteen $1,000 scholarships and $68k in grants to charities in a variety of sectors, including: sports and physical activities (25% of grant funding), children and youth (23%), community services (22%), seniors (12%), search and rescue (12%), arts and culture (3%), and health and safety (3%).
Financial Review:
Fundraising costs are 56% of donations and administrative costs are 41% of revenue less investment income. The Foundation has $3.2m in funding reserves (including $854k in donor-endowed funds), which cover annual program costs 38.5 times. The Foundation reported one part-time employee in F2011. Other costs reported below consist of administration fees for its investments. The Foundation does not disclose its return on investment or whether it charges a fee on its endowments.
Financial RatiosFiscal year ending December |
2011 | 2010 | 2009 |
|---|---|---|---|
| Administrative costs as % of revenues | 41.1% | 28.4% | 108.4% |
| Fundraising costs as % of donations | 55.7% | 33.4% | 12.8% |
| Program cost coverage (%) | 3,848.2% | 2,059.9% | 3,133.6% |
Summary Financial StatementsAll figures in $s |
2011 | 2010 | 2009 |
|---|---|---|---|
| Donations | 2,868 | 14,409 | 10,802 |
| Goods in kind | 44,127 | 36,738 | 29,499 |
| Fees for service | 51,525 | 43,552 | 0 |
| Special events | 76,013 | 100,678 | 0 |
| Investment income | 127,006 | 128,626 | 103,134 |
| Total revenues | 301,539 | 324,003 | 143,435 |
| Grants | 83,401 | 141,723 | 71,470 |
| Administrative costs | 71,716 | 55,536 | 43,676 |
| Fundraising costs | 43,907 | 38,421 | 1,386 |
| Other costs | 51,525 | 43,552 | 0 |
| Cash flow from operations | 50,990 | 44,771 | 26,903 |
| Funding reserves | 3,209,424 | 2,919,378 | 2,239,597 |
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The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-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. No attempt has been made to examine the effectiveness of the charities' programs.
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