Fondation MIRA
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.
62%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 62 cents are available for programs.
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Programs
About Fondation MIRA:
Founded in 1981, MIRA Foundation (MIRA) offers free guide dogs to people living with disabilities. By providing people with a disability a guide dog, MIRA hopes to increase their autonomy and mobility. MIRA gives guide dogs to people who fall into three different categories: blind and visually impaired, children with Autism Spectrum Disorder (ASD), and people with reduced mobility. Since its establishment, MIRA has offered more than 3,500 dogs to people with disabilities.
MIRA breeds Labradors, Bernese Mountain Dogs, Labernese (cross between Labradors and Bernese mountain dogs), and Saint-Pierre’s (second generation Labernese). At the age of nine weeks, all MIRA dogs are placed into the care of a foster family for 12 to 18 months before returning to the charity for a 3 to 6-month training program. After completion of training and evaluation, dogs are paired with their partners. MIRA pairs 200 dogs each year and the dogs remain in service for an average of 7 years. The charity reports that the average cost to raise and train a Mira dog is $30k. In F2017, total operating costs per dog (assuming 200 dogs) were $37k.
MIRA’s service dog program offers guide dogs to adults and children with physical disabilities that limit their mobility. MIRA states that most of the beneficiaries in this program use wheelchairs. Service dogs help people by picking up objects on the ground, serving as a support or rest, and pulling their wheelchair. This program also gives guide dogs to the blind or visually impaired. These dogs help their partner interact and freely move within their environment. Lastly, MIRA offers service dogs to youth with an ASD. These dogs have been found to help reduce stress and anxiety levels, and improve the quality of sleep and socialization of the children.
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Finances
The MIRA Foundation is a large charity with total donations of $8.2m, including $0.5m in goods in kind in F2017. Administrative costs are 3% of revenues and fundraising costs are 35% of donations. For every dollar donated to the charity, 62 cents go to its programs. This is outside Ci’s reasonable range for overhead spending. MIRA holds funding reserves of $2.5m, of which $387k are donor-endowed. Excluding donor-endowed funds, the charity’s reserves can cover annual program costs for almost 6 months.
In F2017, MIRA raised $21k from external fundraisers. For every dollar collected, MIRA paid the external fundraisers 13 cents.
Please note: this report was prepared by an English-speaking analyst using the audited financial statements which are in French.
This charity report is an update that has been sent to Fondation Mira. Changes and edits may be forthcoming.
Updated on August 1, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending December
|
2017 | 2016 | 2015 |
---|---|---|---|
Administrative costs as % of revenues | 2.6% | 3.7% | 3.3% |
Fundraising costs as % of donations | 35.3% | 32.6% | 34.6% |
Total overhead spending | 37.9% | 36.3% | 37.9% |
Program cost coverage (%) | 48.6% | 65.4% | 57.5% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
---|---|---|---|
Donations | 7,752 | 6,653 | 6,708 |
Goods in kind | 469 | 550 | 735 |
Business activities (net) | 0 | 0 | 8 |
Investment income | 21 | 17 | 10 |
Other income | 0 | 0 | 36 |
Total revenues | 8,243 | 7,219 | 7,496 |
Program costs | 4,440 | 4,274 | 4,295 |
Administrative costs | 213 | 263 | 249 |
Fundraising costs | 2,737 | 2,171 | 2,319 |
Other costs | 23 | 20 | 29 |
Total spending | 7,414 | 6,729 | 6,892 |
Cash flow from operations | 829 | 491 | 604 |
Capital spending | 264 | 265 | 44 |
Funding reserves | 2,535 | 3,168 | 2,792 |
Note: Ci recognized endowment contributions as revenue, increasing total revenues by $56k in F2016 and $75k in F2015. Ci recognized interest income and net change in fair value of investments as revenue, affecting total revenue by $21k in F2017, $17k in F2016, and $10k in F2015. Ci removed amortization of deferred contributions related to tangible capital assets from revenues, reducing total revenue by $39k in F2017, $40k in F2016, and $42k in F2015.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
5 |
$40k - $80k |
5 |
< $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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