555 Saddledome Rise SE
Calgary, AB T2G 2W1
Executive Director: Candice Goudie
Board Chair: Jeffrey McCaig

Charitable Reg. #:11882 3525 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

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Most recent Audited financial statements available on the charity’s website.



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 67 cents are available for programs.

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About Calgary Flames Foundation:

Founded in 1983, Calgary Flames Foundation (CFF) is the fundraising arm of the Calgary Flames hockey club. It raises money to support initiatives and charities in Southern Alberta that focus on education, health and wellness, or grassroots sports.

Calgary Flames Foundation reports on its website and most recent F2018 annual report that it distributed just under $2.7 million to initiatives and charities during the year. This does not reconcile with total disbursements and program costs of $3.0 million reported in CFF’s financial statements. CFF’s $2.7 million in reported grants is broken down as follows into its three pillars: $1.4 million for health and wellness, $1.2 million for amateur and grassroots sports, and $170k for education. 

Health and Wellness: CFF works with YMCA Calgary to run the YMCA Flames Grade 6 program, which ensures all grade 6 students in Calgary can access all YMCA services in the city. CFF granted $250k to fund this program in F2018 (as part of a recurring annual commitment). As of May 2018, there are 4,129 grade 6 memberships and CFF reports that grade 6 members visited YMCAs 37,000 times in F2018. CFF annually grants $200k to Alberta Children’s Hospital Foundation to support Rotary Flames House, a children’s hospice with seven family suites. The hospice provided 1,908 bed nights in F2018: 1,274 for respite care, 353 for symptom management and transitions, and 281 for end-of-life care. CFF also annually grants $150k to Kids Cancer Care Foundation to support Camp Kindle, a summer camp program for kids with cancer. In F0218, Camp Kindle had 725 campers and 2,390 participants in year-long outreach programs, provided 920 hours of tutoring to 27 kids, distributed 354 meals through its Cooking and Caring program, and supported 10 cancer survivors with $28,500 in scholarships. 

Education: CFF annually grants $50k to support Flames@School, which is an online resource center for teachers and students that focuses on health and wellness. In F2018, 949 teachers were registered with the program, 306 schools were enrolled, and 64,045 students engaged with the program. Through Reading… Give it a Shot!, Calgary Flames hockey players visit students in grades four, five and six and motivate kids to read by exchanging hockey cards for minutes spent reading. CFF grants $5k annually for this program and in F2018, 26,851 students were reached across 159 schools.

Amateur and grassroots sports:  CFF’s largest recipient for this pillar, the Flames Even Strength program provides financial assistance to families who are unable to afford sports registration fees for their kids. CFF supports this program in partnership for Hockey Calgary and KidSport Calgary and grants $125k annually. 412 kids received funding in F2018 and since the program started in 1998, more than 5,000 kids have been helped. HEROS (Hockey Education Reaching Out Society), which CFF funds annually with a $57,500 grant, is a mentorship program that uses hockey to teach life skills to marginalized youth in low-income neighborhoods. 120 kids between 10 and 18 years old from 15 different cultural backgrounds participated in the program in F2018.

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Results and Impact

Calgary Flames Foundation’s F2018 annual report states that results of the Reading… Give It a Shot program have improved annually, with “up to” 96% of students enrolled in the program reporting an improved motivation to read.

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The following financial analysis uses an auditor's review rather than audit. The auditing procedures in a review are substantially less than in an audit. As such, the auditor does not express an opinion but concludes that nothing causes KPMG to believe the financial review does not fairly present the financial position.

Calgary Flames Foundation is a medium-sized charity that received $2.1m in donations and special events fundraising in F2018. The majority of revenues come from 50/50 raffles, accounting for 60% ($2.6m net of costs) of total revenues. Administrative costs are 1.5% of revenue (excluding investment income) and fundraising costs are 31% of donations and special events. Per dollar donated to the Foundation, 67 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

Update - November 2, 2018: Calgary Flames Foundation has improved its financial transparency. Its financial statements for F2018 are posted online. For additional comments on Calgary Flames Foundation's commitment to financial transparency see John Bean's comments.


Calgary Flames Foundation has $9.0m in funding reserves ($7.8m in F2017, and $6.6m in F2016). In F2018 $5.9m was held in GICs ($3.9m in GICs in F2017) with the remaining balances in cash. CFF's funding reserves cover current grants for 2.9 years (program cost coverage ratio of 295%).

Of these funding reserves, Calgary Flames Foundation has committed to donate $2.8m (31% of funding reserves) to other charities between F2019 and F2024: $984k in F2019, $608k in F2020, $533k in F2021, $350k in F2022, $150k in F2023 and $150k in F2024. Recipients include Alberta Children’s Hospital Foundation, Kidsport (for the Flames Even Strength program), Kids Cancer Care Foundation (for Camp Kindle), and YMCA (for the Flames Grade 6 membership program). 

Calgary Flames Foundation’s F2018 financial statements include a note outlining fundraising costs of $404k ($343k in F2017) not separately disclosed in the income statement, and $156k in fundraising salaries ($145k in F2017). Ci assumed that non-salary fundraising costs were treated as a reduction in fundraising revenues and adjusted fundraising revenue and expenses accordingly to report revenues gross of expenses. Comparable information was not available for F2016.

Grants as reported in Ci’s analysis include disbursements and program costs. The charity’s financials do not disclose the two items separately.

Calgary Flames Foundation’s T3010 CRA filings for F2018, F2017 and F2016 report no paid staff. However, financial statements show personnel costs of $156k in F2018 and $145k in F2017. Theses were reimbursements paid for staff at Calgary Flames Limited Partnership. Calgary Flames Foundation receives free office space, equipment and support services from CFLP and paid CFLP $404k for fundraising events and 50/50 supports, and paid $156k for staff reimbursement.

This charity report is an update that has been sent to Calgary Flames Foundation. Changes and edits may be forthcoming.

Updated on August 26, 2019 by Katie Khodawandi. 

Financial Review

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 1.5%1.6%4.6%
Fundraising costs as % of donations 31.3%32.1%84.6%
Total overhead spending 32.8%33.7%89.3%
Program cost coverage (%) 294.5%317.1%201.5%

Summary Financial Statements

All figures in $s
Donations 582,059314,0651,878,224
Fees for service 00159,800
Lotteries (net) 2,577,2922,521,6582,819,847
Business activities (net) 0015,041
Special events 1,475,9571,440,847457,209
Investment income 95,23856,29660,845
Total revenues 4,730,5464,332,8665,390,965
Grants 3,042,0472,467,9523,275,940
Administrative costs 67,73866,781246,780
Fundraising costs 644,165563,6361,976,365
Other costs 5,5867,37746,770
Total spending 3,759,5363,105,7465,545,855
Cash flow from operations 971,0101,227,120(154,890)
Capital spending 07,7290
Funding reserves 8,957,6087,824,9956,600,793

Note: The above analysis was conducted using unaudited financial statements. No statement of cash flows or financial notes were included in the F2016 financial statements received from the CRA. As such, several revenue and expense items in F2016 may not be comparable to F2017 or F2018, including: donations, fees for service, business activities, special events, administrative costs, and fundraising costs.  F2016 funding reserves are also understated, as the F2016 financial document does not disclose GST recoverable or internally restricted cash for donation commitments. F2016 capital spending was also not disclosed. Charity Intelligence consistently reports money from 50/50 draws net of payouts to winners. Fundraising costs not related to salaries ($404k in F2018 and $343in F2017) were assumed to be treated as a reduction in revenues in the charity’s financials. Ci adjusted to report fundraising revenue gross of expenses, increasing total revenue and expenses by $404k in F2018 and $343k in F2017.

Salary Information

Full-time staff: 0

Avg. Compensation: $0

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.calgaryflamesfoundation.com
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