Hockey Hall of Fame
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.
D
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.
67%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 67 cents are available for programs.
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OVERVIEW
About Hockey Hall of Fame:
Hockey Hall of Fame is a 1-star charity. It has a low results reporting grade and is not financially transparent. Its overhead costs are within Ci's reasonable range.
Founded in 1943, Hockey Hall of Fame (HHF) honours and preserves the history of ice hockey and those who made major contributions to the sport. Each year it inducts players, builders, and officials into the Hockey Hall of Fame. The charity also preserves important objects and images connected to the game of hockey.
HHF states it is a top tourist destination in Toronto. Visitors to its Toronto museum can see the original 1892 Stanley Cup, along with the current Stanley Cup and all major NHL awards. As of 2024, HHF has inducted 299 players, 115 builders, and 16 officials. HHF preserves all forms of ice hockey, not just the National Hockey League (NHL). International and women’s hockey players are also honoured and inducted into the Hockey Hall of Fame.
HHF’s D.K. Seaman Hockey Resource Center (DKRC) preserves items not on display at the Toronto museum. Among those items are 32,000 photographs and prints, 4,000 film reels, and over 10,000 player files. HHF states DKRC is hockey’s premier resource center and archive facility.
HHF offers educational hockey related programs for children in grades 4-12. The programs cover a variety of subjects including math, business, and English. All program materials can be downloaded for free.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on Hockey Hall of Fame’s website. This may not be a complete representation of Hockey Hall of Fame’s results and impact.
The charity is not yet rated on impact (n/r).
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Finances
In F2023 Hockey Hall of Fame received $3.2m in donations. Administrative costs are 14% of revenues (excluding investment income). Fundraising costs are 19% of donations. This results in total overhead spending of 33%. For every dollar donated, 67 cents are available to go to the cause. This falls within Ci’s reasonable range for overhead spending.
In F2023 Hockey Hall of Fame spent $4.8m on its programs, which is 43% of its revenue. In F2023 it had a surplus of $4.3m.
Hockey Hall of Fame has $10.0m in reserve funds (cash and investments). Excluding $4.6m in donor-endowed funds, the net funding reserves can cover 121%, or one year and two months of program costs.
This charity report is an update that has been sent for review to Hockey Hall of Fame. Changes and edits may be forthcoming.
Updated on August 12, 2024, by Grady Simpson.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 13.8% | 19.2% | 18.1% |
| Fundraising costs as % of donations | 18.9% | 4.1% | 1.1% |
| Total overhead spending | 32.7% | 23.2% | 19.2% |
| Program cost coverage (%) | 121.1% | 124.9% | 184.9% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 3,192 | 1,525 | 2,220 |
| Government funding | 0 | 1,119 | 1,457 |
| Fees for service | 3,978 | 1,638 | 88 |
| Business activities (net) | 3,420 | 2,192 | 1,745 |
| Other income | 545 | 305 | 213 |
| Total revenues | 11,135 | 6,779 | 5,723 |
| Program costs | 4,752 | 4,240 | 3,507 |
| Administrative costs | 1,533 | 1,300 | 1,037 |
| Fundraising costs | 603 | 62 | 25 |
| Total spending | 6,888 | 5,602 | 4,569 |
| Cash flow from operations | 4,247 | 1,177 | 1,154 |
| Capital spending | 3,990 | 95 | 95 |
| Funding reserves | 10,045 | 7,967 | 8,356 |
Note: DEFERRED ADJUSTMENT: HHF uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred sponsorships. This affected revenues by $9.4m in F2023, $227k in F2022, and ($1.1m) in F2021. BUSINESS ACTIVITIES: Ci reports business activities net of expenses. This decreased total revenue and expenses by $7.4m in F2023, $3.2m in F2022, and $335k in F2021. MISCELLANEOUS EXPENSES: Ci reports miscellaneous expenses net of expenses. This decreased total revenue and expenses by $503k in F2023, $544k in F2022, and $322k in F2021. GOVERNMENT ASSISTANCE: HHF reports government assistance by reducing salaries and building occupancy expenses. Ci added back the amount decreased to expenses and reported the government assistance as revenue under government funding. This increased revenues and expenses by $nil in F2023, $1.1m in F2022, and $1.5m in F2021. CHANGE IN SPONSORSHIPS AND CONTRIBUTIONS RECEIVABLE: Ci adjusted for change in sponsorships and contributions receivable. This affected revenues by ($7.5m) in F2023, ($181k) in F2022, and $2.0m in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
2 |
$120k - $160k |
4 |
$80k - $120k |
3 |
$40k - $80k |
0 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-360-7765