Conam Charitable Foundation
Thornhill, ON L4J 2N3
President: Steve Roth
Vice President: Warren Blatt
Website: n/a
Charitable Reg. #: 8426 03615 RR0001
Charity Rating
Results Reporting
Grade: F
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
Spending Breakdown
Cents to the Cause
| ♦ | ♦ | ♦ | |
| 95¢ | |||
| 75¢ | |||
| avg | |||
| 65¢ | |||
| 50¢ | |||
| 2014 | 2015 | 2016 |
Impact Rating: Low
Full-time staff #0
Avg. Compensation $0
Top 10 Staff Salary Range
| $350k + | 0 |
| $300k - $350k | 0 |
| $250k - $300k | 0 |
| $200k - $250k | 0 |
| $160k - $200k | 0 |
| $120k - $160k | 0 |
| $80k - $120k | 0 |
| $40k - $80k | 0 |
| < $40k | 0 |
About Conam Charitable Foundation:
Registered in 2007 with the CRA, Conam Charitable Foundation is a public fundraising organization in Thornhill, Ontario that claims to provide donor advice and flow through donation financing to help donors in Canada reduce their after-tax cost of giving. The foundation does not report any contact or compensation information in its T3010 CRA filings and Charity Intelligence could not find a website for details about the charity’s programs and operations.
According to Conam Charitable Foundation’s T3010 CRA filing, the Foundation granted $12.9m to 283 registered charities and qualified donees in F2016. The largest grant was $870k to Lakefield College School Foundation, followed by $805k to Giftpact Foundation Inc., and $564k to Mount Sinai Hospital Foundation. The charity did not grant to organizations outside of Canada.
Financial Review:
The following financial analysis is based on unaudited financial statements provided to Charity Intelligence from the CRA. As such, no financial notes were included and no further breakdown of the figures below are provided.
Conam Charitable Foundation is a Major 100 charity with $17.3m in donations in F2016. Administrative costs were 16% of revenues and fundraising costs were not reported in the financial statements or T3010 filing with the CRA. For every $1 donated, 84 cents went to the cause, falling within Charity Intelligence’s reasonable range for overhead spending. The Foundation has $5.2m in funding reserves, which can cover just under 5 months of grants.
This charity report is an update that is currently being reviewed by Conam Charitable Foundation. Changes and edits may be forthcoming.
Updated on August 8, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending June |
2016 | 2015 | 2014 |
|---|---|---|---|
| Administrative costs as % of revenues | 16.5% | 16.4% | 14.9% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Program cost coverage (%) | 40.1% | 24.1% | 41.2% |
Summary Financial StatementsAll figures in $000s |
2016 | 2015 | 2014 |
|---|---|---|---|
| Donations | 17,348 | 18,900 | 7,396 |
| Investment income | 13 | 14 | 14 |
| Total revenues | 17,361 | 18,913 | 7,410 |
| Grants | 12,947 | 14,847 | 6,448 |
| Administrative costs | 2,853 | 3,102 | 1,100 |
| Fundraising costs | 0 | 0 | 0 |
| Other costs | 1 | 1 | 0 |
| Cash flow from operations | 1,559 | 963 | (139) |
| Funding reserves | 5,188 | 3,570 | 2,653 |
For more information on Canadian charities, please visit www.charityintelligence.ca
The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.
Comments added by the Charity:
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