Canucks for Kids Fund
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.
73%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.
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Programs
About Canucks for Kids Fund:
Canucks for Kids Fund (CFKF) raises funds toward charities that support children’s health and wellness, development of grassroots hockey, and education in British Columbia. Over the last 30 years, CFKF granted over $56 million to charities in British Columbia. On a much smaller scale, at around 4% the size of its grants, the charity also has its own educational and hockey programs. CFKF raises awareness and funds through several initiatives, including the CFKF 50/50, CFKF Superskills Competition powered by Rogers, and the CFKF Telethon.
Canucks for Kids Fund granted $3.6m in F2017, and the majority went to children’s health and wellness organizations, including $900k to Streetohome Foundation and $800,000 to Canucks Autism Network (CAN). CAN currently supports 3,900 individuals and families living with autism. CAN trained around 55 Rogers Arena Staff on how to detect and interact with people with autism.
In 2018, Canucks for Kids Fund provided $2,500 Trevor Linden Community Spirit Scholarships to four BC high school graduates for outstanding leadership through their community. CFKF has awarded 32 students since the program was introduced in 2008.
Fin’s Friends, one of CFKF’s educational programs, teaches primary students across BC proper character and social responsibilities. Over the past seven years, over 84,000 primary students and 3,355 primary classrooms participated in the program. The program was 1% of CFKF’s total grants and program costs in F2017.
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Finances
Canucks for Kids Fund is a Medium-sized charity with $2.5m in donations and special events revenue in F2017. Administrative and fundraising costs were 27% of revenues. For every dollar donated, 73% go to the cause, falling within Ci’s reasonable range for overhead spending. The charity has funding reserves of $302k, covering just under a month of program costs. This coverage shows a need for donations. Goods in kind refer to the fair value of donated Vancouver Canucks season tickets.
CFKF used external fundraisers in F2017. The charity paid $2k to raise $15k from external fundraisers for a cost of 13 cents per dollar raised.
This charity report is an update that has been sent to Canucks for Kids Fund for review. Changes and edits may be forthcoming.
Updated on June 19, 2018 by Joeyanne Cheung.
Financial Review
Fiscal year ending July
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 27.0% | 27.9% | 20.8% |
| Program cost coverage (%) | 8.0% | 12.7% | 5.9% |
Summary Financial StatementsAll figures in $s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 660,699 | 747,720 | 1,093,124 |
| Goods in kind | 294,421 | 229,870 | 209,809 |
| Lotteries (net) | 1,483,588 | 1,463,467 | 1,624,997 |
| Special events | 1,831,598 | 1,620,588 | 2,001,368 |
| Investment income | 5,803 | 4,721 | 5,120 |
| Total revenues | 4,276,109 | 4,066,366 | 4,934,418 |
| Program costs | 146,868 | 177,460 | 145,862 |
| Grants | 3,620,442 | 2,888,195 | 3,745,748 |
| Fundraising & administrative costs | 1,151,882 | 1,130,978 | 1,024,184 |
| Cash flow from operations | (643,083) | (130,267) | 18,624 |
| Funding reserves | 301,791 | 390,457 | 229,657 |
Note: Ci presented 50/50 draws (lotteries) net of expenses, reducing total revenues and expenses by $1.5m in F2017, $1.5m in F2016, and $1.6m in F2015.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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