Knowledge Network

4355 Mathissi Place
Burnaby, BC V5G 4S8
President & CEO: Rudy Buttignol
Board Chair: Nini Baird

Website: www.knowledge.ca
Charitable Reg. #: 12153 2816 RR0001
Sector: Education
Operating Charity

Results Reporting

Grade: B+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

95¢
75¢
avg
65¢
50¢
2016 2017 2018
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #50

Avg. Compensation $85,034

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 3
$80k - $120k 6
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2018

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.

Financial Review:

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 Ratios

Fiscal year ending March
201820172016
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 Statements

All figures in $000s
201820172016
Donations 6,2885,4694,791
Government funding 6,5586,2606,260
Business activities (net) 9081,2691,483
Investment income 240167491
Other income 367292680
Total revenues 14,36213,45613,705
Program costs 9,3208,9399,079
Administrative costs 1,7491,6641,446
Fundraising costs 1,2521,2581,241
Cash flow from operations 2,0411,5961,940
Funding reserves 10,6688,7656,685
Note: 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.

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