Fora: Network for Change

Suite 2100 Box #55, 401 Bay St.
Toronto, ON M5H 2Y4
CEO: Heather Barnabe
Board Chair: Beth Dewitt

Charitable Reg. #:83102 1506 RR0001

STAR RATING

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

[Charity Rating: 4/5]

✔+

FINANCIAL TRANSPARENCY

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

B+

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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OVERVIEW

About Fora: Network for Change:

Fora: Network for Change is a 4-star charity with an above-average results reporting grade. It is financially transparent and its overhead costs are within Ci's reasonable range for overhead spending. 

Founded in 2009, Fora: Network for Change, formerly known as G(irls)20, aims to promote women and gender-diverse young people by training them in leadership skills and placing them in positions of power. The charity runs five programs: Global Summit, Rise on Board, Community programs, Advocacy, and Social Enterprise.

The Global Summit represented 31% of the charity’s program spending in F2022. The program works with young leaders from around the world to build their leadership, advocacy, and policy engagement skills. In F2022, the charity opened registration to delegates from outside G20 countries for the first time and had 30 delegates from 25 countries and regions.

Fora's Girls on Board program represented 31% of program spending in F2022 and was renamed to Rise on Board in March 2023. The program trains gender-marginalised leaders and then matches them to non-profits where they serve as voting board members for a year. In F2022, 35 Young Directors participated in this program.

In F2022, the charity’s Community programs represented 21% of the charity’s program spending. Fora’s Next Level program hosted weekly online workshops and bi-weekly coaching for 14 participants in the retail and hospitality sector. In F2022, the charity also hosted a Black History Month networking session and a Pride Month panel.

Fora’s Advocacy program was 11% of total program spending in F2022. In F2022, the charity published seven reports and research articles.

The charity’s Social Enterprises represented the remaining 6% of program spending. In F2022, the charity launched Elevate to provide professional development to young people facing gender-based discrimination. In F2022, the charity hosted nine sessions for 138 people.

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Results and Impact

Fora reported that 100% of participants in its Next Level program felt more confident making decisions regarding the next steps in their careers. Additionally, 91% of participants felt more confident speaking up when their voice was needed.

While Ci highlights these key results, they may not be a complete representation of Fora’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

Fora is a small charity that received $683k in donations in F2022. It also received $355k in government funding, representing 34% of total revenues.

Administrative costs are 15% of revenues and fundraising costs are 12% of donations. This results in total overhead spending of 27%. For every dollar donated to the charity, 73 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Fora has reserve funds of $509k which can cover around seven months of annual program costs.

Fora’s F2020 numbers are reported from the charity's F2020 audited financial statements. The charity changed its representation of expenses in F2021. For F2021 and F2022, Ci included 'Operations' and 'Marketing and communications' from the audited financial statements in administrative costs. For F2020, Ci included 'Office and general' from the audited financial statements in administrative costs. Therefore, costs may not be comparable.

The charity changed its representation of expenses in F2021 so costs may not be comparable.

This charity report is an update that has been sent to Fora: Network for Change for review. Changes and edits may be forthcoming.  

Updated July 10, 2023 by Kiara Andrade.

Financial Review


Financial Ratios

Fiscal year ending December
202220212020
Administrative costs as % of revenues 15.1%9.6%19.4%
Fundraising costs as % of donations 12.2%12.6%12.0%
Total overhead spending 27.3%22.2%31.3%
Program cost coverage (%) 56.5%110.1%125.7%

Summary Financial Statements

All figures in $s
202220212020
Donations 682,897467,109365,818
Government funding 354,702268,145269,292
Total revenues 1,037,599735,254635,110
Program costs 900,502520,227366,859
Administrative costs 156,97370,707122,949
Fundraising costs 83,07358,64043,785
Total spending 1,140,548649,573533,593
Cash flow from operations (102,949)85,681101,517
Capital spending 5,7251,0910
Funding reserves 509,053572,819461,308

Note: The charity reported deferred contributions of $199k in F2022, ($11k) in F2021, and $59k in F2020. Ci could not break out changes in government vs. non-government deferred contributions and therefore could not adjust for them. Amortization was removed from program, administrative, and fundraising costs on a pro-rata basis for F2021 and F2022. Communications and marketing was included in administrative costs for F2021 and F2022.

Salary Information

Full-time staff: 4

Avg. compensation: $76,706

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
2
$40k - $80k
2
< $40k
0

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.foranetwork.org
This email address is being protected from spambots. You need JavaScript enabled to view it.

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Charitable Registration Number: 80340 7956 RR0001