Girls E-Mentorship Innovation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years 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.
86%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 86 cents are available for programs.
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OVERVIEW
About Girls E-Mentorship Innovation:
Girls E-Mentorship Innovation is a 4-star charity with an above-average results reporting score. Its overhead costs are within Ci’s reasonable range, and it has reserve funds to cover program costs for two years and eight months.
Founded in 2012, Girls E-Mentorship Innovation (GEM) runs a mentorship program for high school girls. GEM aims to reduce systemic barriers, improve mentees’ academic opportunities, and provide career guidance.
Its program has six pillars: Mentorship, GEMinars, Enrichments, Scholarships, Internships and Gem Lab.
Under its mentorship program, GEM matches mentees and mentors based on career goals, interests, personality and geography. Each program year coincides with the nine-month school year. Mentors and mentees have regular meetings discussing personal and professional development. In F2022, GEM received 238 applications and accepted 154 girls into its program.
Each year, GEM hosts 5 GEMinars. These are workshops for mentees to learn about various industries or companies. GEM’s enrichment opportunities allow girls to attend special events, such as visiting companies. GEM also provides scholarships and internships to mentees. In F2022, GEM gave 50 scholarships and provided 5 internships to girls in the program.
Lastly, Gem Lab works to develop mentorship solutions to remove barriers for marginalized girls and support inclusive economic growth.
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Results and Impact
Girls E-Mentorship Innovation conducts surveys on girls who finish the mentorship program. At the end of the 2021-22 cohort, GEM reported that 91% of respondents were optimistic about achieving their career path. 98% set and achieved goals, 93% felt more confident advocating for themselves, and 85% had extensive knowledge of industries they could work in. In a 2020 alumnae survey, GEM reported that 85% of respondents were accepted into their first-choice universities, 74% felt the program improved their academic and professional development, and 82% believed having a mentor contributed to their success.
While Charity Intelligence highlights these key results, they may not be a complete representation of Girls E-Mentorship Innovation’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Girls E-Mentorship Innovation is a small charity that received $775k in donations in F2022. Administrative costs are 14% of total revenues. GEM did not report any fundraising costs in F2022, resulting in total overhead spending of 14%. For every dollar donated, 86 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
In F2022, GEM had $979k in reserve funds, which could cover two years and eight months of its annual program costs.
In addition to its salaries, GEM paid $19k in professional and consulting fees in F2022 ($128k in F2021 and $93k in F2020).
This charity report is an update that has been sent to GEM for review. Comments and edits may be forthcoming.
Updated on May 23, 2023 by Kiara Andrade.
Financial Review
Fiscal year ending June
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 13.8% | 16.5% | 12.8% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 13.8% | 16.5% | 12.8% |
| Program cost coverage (%) | 265.9% | 251.1% | 205.2% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 775,330 | 446,686 | 501,316 |
| Government funding | 17,817 | 14,510 | 9,287 |
| Investment income | 15 | 69 | 18 |
| Total revenues | 793,162 | 461,265 | 510,621 |
| Program costs | 367,949 | 263,237 | 253,350 |
| Administrative costs | 109,399 | 76,084 | 65,232 |
| Fundraising costs | 0 | 0 | 0 |
| Total spending | 477,348 | 339,321 | 318,582 |
| Cash flow from operations | 315,814 | 121,944 | 192,039 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 978,509 | 661,103 | 519,953 |
Note: To report on a cash basis, Ci adjusted for deferred donations, affecting Canadian donations and revenues by $200k in F2022 and $10k in F2021. GEM’s audited financials do not disclose fundraising costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-744-8137