30 Yonge Street
Toronto, ON M5E 1X8
President & CEO: Jeffery Denomme
Board Chair: Lanny McDonald

Charitable Reg. #:11895 8883 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

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.

74%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 74 cents are available for programs.



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OVERVIEW

About Hockey Hall of Fame:

Hockey Hall of Fame is a 2-star charity. It has a low results reporting grade and is financially transparent. The charity has $8.4m in funding reserves which, excluding donor-endowed funds, can cover annual program costs for 2.9 years. 

Founded in 1943, Hockey Hall of Fame (HHF) was established to preserve the history of ice hockey and honour the achievements of teams and individuals who made major contributions to the sport. Every year it works with members of the Canadian and international hockey community to select players, builders (coaches), and officials to induct into the Hockey Hall of Fame. HHF operates a museum that collects and preserves objects and images connected with the game of hockey, as well as operating a hockey archive and providing educational resources for youth. 

HHFM is rated by Fodor's travel guide as a top tourist destination in Toronto. Visitors to the museum can see the original 1892 Stanley Cup and many other interactive displays. At the time of this report, the Hockey Hall of Fame has inducted 293 players, 113 builders, and 16 on-ice officials since its inception. In F2021, five players and one builder were inducted into the Hockey Hall of Fame. While museum exhibits are dedicated to the NHL professional league, new initiatives focus on hockey internationally, the Olympics, and women's hockey. 

HHFM’s archives include original jerseys, sticks and equipment carefully preserved, and are all held in an 18,000 square foot centre. It holds 32,000 photographs and prints, 5,000 milestone and championship hockey sticks, 4,000 film reels, and 1,000 glass-plate negatives.  

HHFM offers three levels (junior, intermediate, and senior) of educational hockey programs for children ages 4 to 12. The programs are designed for teachers and cover a variety of subjects which include history, English, math, business, and physical education. All program materials can be downloaded for free.  

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Results and Impact

Charity Intelligence did not find any reported outcomes on the charity’s website. This may not be a complete representation of Hockey Hall of Fame's results.  

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Finances

The Hockey Hall of Fame received $1.3m in donations and sponsorship in F2021. The charity received $1.7m in net business activities revenue which includes profits from retail sales, facility renting, licensing, and inducting ceremonies. This made up 52% of total revenues in F2021. HHFM also received $88k in admission revenue, representing a 96% decrease from F2020.  

Administrative costs are 24% of revenues and fundraising costs are 2% of total donations. This means overhead costs are 26%. For every dollar donated, 74 cents go to the cause. This is within Ci’s reasonable range for overhead spending.  

HHFM has $8.4m in funding reserves, of which $2.1m are donor-endowed. Excluding donor-endowed funds, HHFM can cover 2.9 years of annual program costs with current reserves.  

This charity report is an update that has been sent to the Hockey Hall of Fame for review. Comments and edits may be forthcoming.  

Updated July 29, 2022 by Emma Saganowich.  

Financial Review


Financial Ratios

Fiscal year ending June
202120192018
Administrative costs as % of revenues 23.6%17.0%13.1%
Fundraising costs as % of donations 2.0%36.4%22.3%
Total overhead spending 25.5%53.4%35.4%
Program cost coverage (%) 286.2%83.5%50.3%

Summary Financial Statements

All figures in $000s
202120192018
Donations 1,2822,1314,023
Fees for service 883,4623,490
Business activities (net) 1,7453,5163,720
Other income 213352282
Total revenues 3,3289,46111,515
Program costs 2,3024,5875,488
Administrative costs 7851,6121,509
Fundraising costs 25775895
Total spending 3,1126,9747,892
Cash flow from operations 2162,4873,623
Capital spending 955891,296
Funding reserves 8,3565,9574,743

Note: Ci has reported business activities (which include retail, facility sales, licensing, and induction celebration) net of expenses, decreasing total revenues and expenses by $335k in F2021, $4.9m in F2020, and $7.0m in F2019. Ci has reported miscellaneous revenue net of miscellaneous expenses, decreasing total revenues and expenses by $322k in F2021, $337k in F2020, and $527k in F2019. 

Salary Information

Full-time staff: 31

Avg. compensation: $85,787

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
3
$80k - $120k
6
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.hhof.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 360-7765

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