Calgary Flames Foundation

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

Charitable Reg. #: 11882 3525 RR0001
Sector: Fundraising Charity - Pro Sports Team
Public Foundation

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 available only through official request for information from Canada Revenue Agency [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

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
Information from most recent CRA Charities Directorate filings for F2017

About Calgary Flames Foundation:

Calgary Flames Foundation was established in 1983 as the charitable arm of the Calgary Flames NHL team. Its mission is to support initiatives that bring positive change to the lives of southern Albertans. Specifically, the Foundation supports three key pillars: health and wellness, education, and amateur and grassroots sports.

In F2017, Calgary Flames Foundation disbursed $1.7m in grants, down 41% from $2.9m in F2016. According to the Foundation’s annual report, 60% of grants were allocated to health and wellness, 33% to amateur and grassroots sports, and 6% to education.

Health and wellness programs include the Alberta Children’s Hospital Foundation’s Rotary/Flames House, which provided 1,908 nights of respite care for over 300 children in F2017 as well as the YMCA, providing free membership to 3,400 grade six students.

Calgary Flames Foundation’s grassroots and amateur sports programs are aimed to provide equality for Calgary kids of any age in minor hockey. Its Flames EvenStrength Program was implemented in 1998 in partnership with Hockey Calgary and KidSport Calgary and provides financial support for kids and families who cannot afford the cost of hockey registration fees. Roughly 3,600 kids were supported by this initiative in F2017.

Flames@School is an interactive after-school program that involved 52,305 students in F2017. The program provides curriculum-based items, such as games and posters, that provide an inside look at Flames players while also motivating students to make healthy decisions. Part of Flames@School is another program - Reading…Give it a shot! As part of this program, Calgary Flames players visit students in grades 4 to 6 to talk about the importance of reading. 26,851 students participated in this program in F2017. The Foundation reports that 96% of students showed an improved motivation for reading after the program.

Calgary Flames Foundation did not report any full-time or part-time staff on its T3010 filing with the CRA. The Foundation also did not report incurring any expenses related to staff compensation.

Financial Review:

Calgary Flames Foundation is a medium-sized charity with $1.4m in donations and special events fundraising in F2017. The majority of revenues come from 50/50 raffles, accounting for 62% ($2.5m net of costs) of total revenues. Administrative costs were 2% of revenues and fundraising costs were 68% of donations. For every $1 donated, 30 cents went to programs, falling outside of Charity Intelligence’s reasonable range for overhead spending. It is possible that some special events revenues are recorded net of related expenses. Because no audited financials are provided, Charity Intelligence cannot verify the Foundation’s revenues and expenses.

Update - November 2, 2018: With recent news coverage of the Calgary Flames Foundation, financial statements for F2018 will be posted online, see John Bean's comments here.

External fundraisers are used to collect donations on behalf of the charity according to Calgary Flames Foundation’s T3010 filing with the CRA; however, the charity has not reported the amount raised by or retained by the external fundraisers.

The Foundation has $7.8m in funding reserves that can cover annual grants and disbursements 4.3 times.

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

Updated on June 18, 2018 by Greg Thomson.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 2.0%2.0%1.7%
Fundraising costs as % of donations 68.0%73.9%49.3%
Program cost coverage (%) 430.8%218.7%320.1%

Summary Financial Statements

All figures in $000s
Donations 314262210
Fees for service 06576
Lotteries (net) 2,6412,4962,979
Business activities (net) 0150
Special events 1,0971,0431,466
Investment income 566162
Total revenues 4,1093,9424,793
Program costs 1261440
Grants 1,6852,8742,194
Administrative costs 817680
Fundraising costs 959965826
Other costs 303828
Cash flow from operations 1,227(155)1,666
Funding reserves 7,8026,6017,022
Note: The above analysis was conducted using unaudited financial statements. No statement of cash flows or financial notes were included. Charity Intelligence consistently reports money from 50/50 draws net of payouts to winners. 

Comments added by the Charity:

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