Society for Manitobans with Disabilities Foundation

401-825 Sherbrook Street
Winnipeg, MB R3A 1M5
COO: Maria Marrone
Board Chair: Rhéal Lesage

Charitable Reg. #:88840 5644 RR0001

STAR RATING

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

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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.

Low

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.

-22%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) -22 cents are available for programs.

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Programs

About Society for Manitobans with Disabilities Foundation:

Founded in 1992, Society for Manitobans with Disabilities Foundation (SMD Foundation) is the provincial arm for Easter Seals Canada and raises money for two associated charities: Society for Manitobans with Disabilities (SMD) and SMD Clearinghouse. The foundation reports that more than 200,000 Manitobans live with a disability. SMD Foundation granted $495k in F2017.

In F2017, SMD Foundation granted $211k to SMD, representing 43% of total grants. SMD supports over 47,000 Manitobans and their families each year through services including counselling, employment support, computer training, travel assistance, and the parking permit program.

SMD Clearinghouse received $204k from SMD Foundation in F2017, representing 41% of foundation grants. Clearinghouse supports 14 independent, self-help organizations that work with Manitobans who have specific disabilities. The organizations include: Autism Society Manitoba, Canadian Hard of Hearing Association, DisAbled Women’s Network (DAWN) Manitoba Inc., Manitoba Brain Injury Association, and Manitoba Down Syndrome Society. Among other benefits, Clearinghouse provides the partner organizations with subsidized rent, shared office equipment, administrative services, assistance with taxes and finances, and advice for grant applications.

The remaining 16% of grants from SMD Foundation were not allocated to other registered Canadian charities. Up to $75,000 of this money may have been used in the Assistive Technology program, subsidizing purchases of equipment such as hearing aids, wheelchair lifts, walkers, stair lifts, and wheelchairs. Clients are eligible to have 50% of a purchase funded, up to a maximum of $2,500.

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Results and Impact

Charity Intelligence has given Society for Manitobans with Disabilities Foundation a Low impact rating based on demonstrated impact per dollar spent.

Impact Rating: Low

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Finances

Charity Intelligence has scored Society for Manitobans with Disabilities Foundation as a zero in financial transparency because the charity failed to provide financial statements when requested. The financial analysis completed by Charity Intelligence uses the most recent financial statements available to Ci, through a request to the CRA, at the time of writing this report.

Society for Manitobans with Disabilities Foundation is a medium-sized charity with donations and special events revenue of $1.3m in F2017. The foundation received $1.4m in investment income, representing 52% of income.

The charity does not separately report expenses related to lotteries so fundraising expenses may be overstated. Administrative and fundraising costs are 122% of revenues less investment income. For every dollar donated, zero cents go to the cause, which is significantly outside of Ci’s reasonable range for overhead spending.  

SMD Foundation has $10.9m in funding reserves, of which $3.2m is donor-endowed. Excluding donor-endowed funds, the foundation could grant at the F2017 level for 14.4 years using reserves.

This charity report is an update that has been sent to Society for Manitobans with Disabilities Foundation for review. Changes and edits may be forthcoming.

Updated on August 12, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending March
201720162015
Fundraising & admin costs as % of revenues 122.2%111.4%98.5%
Total overhead spending 122.2%111.4%98.4%
Program cost coverage (%) 1,570.7%1,220.1%1,288.7%

Summary Financial Statements

All figures in $s
201720162015
Donations 501,663593,455741,074
Special events 812,259805,141828,726
Investment income 1,416,948701,1991,764,758
Total revenues 2,730,8702,099,7953,334,558
Program costs 200,024437,147188,427
Grants 495,123479,638742,270
Fundraising & administrative costs 1,605,5031,558,0321,545,452
Other costs 3,1901,1222,107
Total spending 2,303,8402,475,9402,478,260
Cash flow from operations 427,030(376,144)856,302
Funding reserves 10,918,55511,185,28411,993,715

Note: Ci typically presents lottery revenue net of expenses; however, since the charity’s financial statements do not identify lottery-specific expenses, lotteries revenue has been included in special events fundraising. Investment income reflects total investment income rather than just the portion of investment income recognized as revenue on the charity’s financial statements, affecting revenues by $301k in F2017, $38k in F2016, and $430k in F2015. Ci has adjusted grants by the change in payables to SMD and SMD Clearinghouse, affecting expenses by ($129k) in F2017, ($131k) in F2016, and $126k in F2015. Grant amounts to SMD and SMD Clearinghouse are as reported on the charity’s T3010 filing with the CRA.

Salary Information

Full-time staff: 4

Avg. Compensation $69,484

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
4
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.smd.mb.ca/smd-foundation
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-866-282-8041

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