Burnaby, BC V5G 4S8
President & CEO: Rudy Buttignol
Board Chair: Nini Baird
Charitable Reg. #: 12153 2816 RR0001
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #50
Avg. Compensation $85,034
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||3|
|$80k - $120k||6|
|$40k - $80k||0|
About Knowledge Network:
Founded in 1981, Knowledge Network is a public educational broadcaster in British Columbia (BC). Knowledge Network provides BC residents with a commercial-free programming through televisions, web channels, and mobile app channels. The charity also hosts community outreach events in BC.
The charity broadcasts its televisions programs through its Knowledge Primetime and Knowledge Kids channels. In F2018, the Knowledge Primetime channel was viewed by 2.9 million people and the Knowledge Children channel was viewed by 2.2 million people. Cumulatively, average weekly hours viewed dropped by 18% in F2018.
The charity broadcasts its web programs through its websites: Knowledge.ca and KnowledgeKids.ca. In F2018, Knowledge.ca had a total of 6.6 million page views and KnowledgeKids.ca had 2.5 million page views. Cumulatively, website views were down 9% from F2017.
Knowledge Network’s programs can be viewed on mobile applications. Knowledge Networks has two mobile applications, Knowledge App and Knowledge Kids Go. In F2018, the Knowledge App received 282 thousand views and the Knowledge Kids Go app received 12.8 million views. Cumulatively these views were 21% lower than F2017. To adapt to changing markets, the charity launched a new version of the Knowledge Kids Go app for Apple TV in F2018.
Results and Impact:
To report on a cash basis Ci reported purchase of broadcast rights in program costs instead of amortization of broadcast rights, affecting total expenses by $249k in F2018, $125k in F2017 and $667k in F2016. Ci removed amortization of capital assets from program, admin and fundraising expenses.
Knowledge Network is a large charity which received donations of $6.3m in F2018. Administrative costs are 12% of revenues and fundraising costs are 20% of donations. For every dollar donated, 68 cents go to its programs. This is within Ci’s reasonable range for overhead spending. Knowledge Network has funding reserves of $10.7m. The organization’s funding reserves can cover its granting activities for almost 14 months.
Knowledge Network’s annual report states that endowed funds are from bequests and major gifts, however the audited financial statements do not disclose whether the endowment fund is entirely donor-endowed or partially internally restricted. Ci did not report these as donor-endowed.
This charity report is an update that has been sent to Knowledge Network. Changes and edits may be forthcoming.
Updated on June 6, 2019 by Stefan Tetzlaff.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||12.4%||12.5%||10.9%|
|Fundraising costs as % of donations||19.9%||23.0%||25.9%|
|Program cost coverage (%)||114.5%||98.1%||73.6%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||908||1,269||1,483|
|Cash flow from operations||2,041||1,596||1,940|