L'Orchestre Symphonique De Quebec
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
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.
64%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 64 cents are available for programs.
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Programs
About L'Orchestre Symphonique De Quebec:
Founded in 1902, Orchestre Symphonique de Quebec (OSQ) is Canada’s oldest active symphony orchestra. OSQ’s mission is to perform and promote symphonic music. In 2011, OSQ nominated its eleventh conductor of the orchestra: Maestro Fabien Gabel. The orchestra performs works by composers from Canada and abroad. To support the next generations of musicians, OSQ collaborates with the Conservatoire de musique de Quebec and the faculty of Music of Laval University. Outside of scheduled concerts, the orchestra runs educational concerts and programs for students.
OSQ’s orchestra consists of 61 musicians playing strings, brass, percussion, and woodwind instruments. The orchestra plays in front of more than 100,000 people annually. In 2017, OSQ received two nominations for the 21st Prix Opus for concert of the year – Quebec. The orchestra currently has 26 works that have been recorded and published to its discography.
The orchestra’s educational programming is broken out into two groups: preschool and primary, and secondary and post-secondary. The preschool and primary group hosts matinee performances for children to attend as well as hour-long educational workshops that teach students about the path to becoming a professional musician. The secondary and post-secondary program gives students the opportunity to attend orchestra rehearsals and ask questions of the musicians and conductor. Like the preschool and primary program, schools can have a musician come in and discuss the path to becoming a professional musician. In F2018, over 16,000 youth participated in these programs across 100 primary and secondary schools.
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Finances
Ci has consolidated audited financial statements of Orchestre Symphonique de Québec with figures of the Fondation de l’Orchestre Symphonique de Québec’s T3010A filings with the CRA.
The Orchestre Symphonique de Quebec is a small charity with donations of $733k in F2017. Its administrative costs are 9% of revenues (excluding investment income) and fundraising costs are 26% of donations. For every dollar donated to the charity, 64 cents go to its programs. This is outside Ci’s reasonable range for overhead spending. The charity has funding reserves of $3.8m. Funding reserves can cover program costs for eight months.
This report is an update that has been sent to l’Orchestre Symphonique de Québec. Changes and edits may be forthcoming.
Updated July 29th, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending August
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.3% | 11.8% | 12.7% |
| Fundraising costs as % of donations | 26.3% | 26.5% | 34.4% |
| Total overhead spending | 35.6% | 38.3% | 47.0% |
| Program cost coverage (%) | 68.3% | 49.3% | 61.9% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 733 | 684 | 666 |
| Government funding | 3,312 | 4,118 | 4,824 |
| Fees for service | 1,862 | 2,150 | 2,148 |
| Investment income | 100 | 394 | 31 |
| Other income | 0 | 1 | 31 |
| Total revenues | 6,006 | 7,346 | 7,700 |
| Program costs | 5,585 | 6,110 | 6,500 |
| Administrative costs | 551 | 823 | 973 |
| Fundraising costs | 193 | 181 | 229 |
| Total spending | 6,329 | 7,114 | 7,702 |
| Cash flow from operations | (323) | 232 | (1) |
| Funding reserves | 3,815 | 3,011 | 4,026 |
Note: Ci removed transfers from the foundation to the operating charity from revenues, reducing total revenues by $20k in F2017, $290k in F2016, and $F61k in F2015.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
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