Big Brothers of Greater Vancouver
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
A-
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.
68%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.
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Programs
About Big Brothers of Greater Vancouver:
Founded in 1978, Big Brothers of Greater Vancouver (BBGV) works to support child and youth development through volunteer-led mentoring programs. Through BBGV's programs, children are paired with adults to provide mentorship across a variety of fields of the child's life. BBGV reports that some youth wait up to 2 years before being assigned a mentor. BBGV’s mentoring programs serve 15 communities and include: Big Brothers, In-School Mentoring, Teen Mentoring, Game On!, Go Girls!, Mentoring with Math, Quest Club, Catch Program, and Aboriginal Mentoring.
In F2018, Big Brothers of Greater Vancouver served 1,165 boys and girls through its programming, a decrease of 7% from F2017. However, BBGV’s 2015-2020 strategic plan outlines its objective to increase the number of children served by 3-5% annually each year until 2020. Along with mentoring, in F2018, BBGV placed 170 clothing donation bins and had 250,836 clothing donation pick-ups.
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Results and Impact
In July 2013, Boston Consulting Group (BCG) independently evaluated Big Brothers Big Sisters Canada’s programs. The report found that for every $1 invested in mentoring, there is an $18 return to society. BCG reports that the average investment required for a mentee over 3 years is $3,500. The report found that mentees generate $32,154 in additional tax revenue, $49,189 in increased consumption, $5,856 in additional charitable volunteering, and $890 in greater charitable giving. It also reports that mentees earn $315,000 more over their lifetime.
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Finances
Ci has consolidated the financial statements of Big Brothers of Greater Vancouver and Big Brothers of Greater Vancouver Foundation.
Big Brothers of Greater Vancouver is a medium-sized charity with cash donations and special events revenues of $3.4m in F2018. Its administrative costs are 13% of revenues and its fundraising costs are 19% of donations. For every dollar donated, 68 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
The charity has funding reserves of $1.5m, resulting in a program cost coverage ratio of 71%. This means that BBGV can cover 8.5 months of its annual program costs using its existing reserves.
This charity report is an update that is being reviewed by Big Brothers of Greater Vancouver. Changes and edits may be forthcoming.
Updated August 15, 2019 by Parker Thomlinson.
Financial Review
Fiscal year ending July
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 12.8% | 16.0% | 13.7% |
| Fundraising costs as % of donations | 18.7% | 24.2% | 24.3% |
| Total overhead spending | 31.6% | 39.4% | 38.0% |
| Program cost coverage (%) | 70.8% | 52.3% | 65.6% |
Summary Financial StatementsAll figures in $s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 2,667,598 | 2,137,604 | 1,983,711 |
| Goods in kind | 93,249 | 100,205 | 94,421 |
| Government funding | 273,788 | 244,231 | 233,434 |
| Special events | 698,547 | 794,788 | 768,857 |
| Investment income | (214,772) | 8,896 | 24,209 |
| Total revenues | 3,518,410 | 3,285,724 | 3,104,632 |
| Program costs | 2,067,614 | 2,090,165 | 1,914,691 |
| Administrative costs | 479,519 | 522,777 | 423,174 |
| Fundraising costs | 629,998 | 708,203 | 668,901 |
| Total spending | 3,177,130 | 3,321,140 | 3,006,770 |
| Cash flow from operations | 341,279 | (35,421) | 97,866 |
| Capital spending | 40,694 | 16,846 | 18,508 |
| Funding reserves | 1,463,447 | 1,093,584 | 1,256,785 |
Note: To report on a cash basis Ci did not report amortization of deferred contributions related to capital assets in revenue, but instead included donations received. This affected revenues by $10k in F2017.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
0 |
$40k - $80k |
9 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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