Canadian National Institute for the Blind
Toronto, ON M4G 3E8
President & CEO: John M. Rafferty
Board Chair: John Matheson
Charitable Reg. #: 11921 9459 RR0003
Social Results Reporting
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Program Cost Coverage
Full-time staff #708
Avg. Compensation $62,073
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||2|
|$160k - $200k||3|
|$120k - $160k||4|
|$80k - $120k||0|
|$40k - $80k||0|
About Canadian National Institute for the Blind:
Founded in 1918, the Canadian National Institute for the Blind (CNIB) is a nationwide charity that supports Canadians who are blind or partially sighted. CNIB is headquartered in Toronto and has more than 50 local offices across Canada. It also promotes awareness of vision health through public education. The charity estimates that half a million Canadians are living with significant vision loss that impacts their quality of life, and every year more than 50,000 Canadians will lose their sight. CNIB researchers have determined that the price tag for vision loss in Canada has risen to $19b per year in lost productivity, healthcare, and other costs.
The CNIB is active in three areas: community-based support, research, and advocacy. The charity's support activities include a variety of training and rehabilitation programs as well as Canada's largest library of accessible materials. CNIB is currently working with government on policy issues such as improving the Disability Tax Credit, increasing access to alternate-format material for Canadians with a print disability, and instituting a nationwide Assistive Devices program. The charity estimates that its specialists provided more than 400,000 hours of rehabilitation therapy to Canadians living with vision loss last year.
The CNIB's administrative costs were 4% of revenues and fundraising costs were 43% of donations. The CNIB has funding reserves of $15.2m (excluding interest bearing liabilities of $16.9m and donor-endowed funds of $9.4m), which cover 10% of annual program costs.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||3.7%||3.9%||3.8%|
|Fundraising costs as % of donations||43.4%||40.6%||47.0%|
|Program cost coverage (%)||26.5%||37.5%||31.1%|
Summary Financial StatementsAll figures in $000s
|Fees for service||1,363||1,507||1,508|
|Business activities (net)||3,733||3,926||3,802|
|Cash flow from operations||(7,004)||(2,377)||(12,169)|