Canadian National Christian Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
D
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.
99%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 99 cents are available for programs.
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Programs
About Canadian National Christian Foundation:
Founded in 2003, Canadian National Christian Foundation (CNCF) operates the CNCF Giving Fund, a donor-advised fund that supports Christian charities. In this way, CNCF offers families and ministry organizations an alternative to setting up their own private foundation, at reduced cost and effort. The charity’s mission is to “connect [donor’s] money with God’s work” and strives “to work with [donors] to bring meaning to their money while they live and to ensure the legacy they leave reflects the life they lived.”
Canadian National Christian Foundation offers various giving options: outright gifts of one-time donations; bequests though a will; RRSP/RRIF with CNCF as a beneficiary; Life Insurance with CNCF as an owner and/or beneficiary; charitable remainder trust; and charitable gift annuity.
Since its founding, CNCF has spent $54m to support over one thousand Christian charities.
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Finances
Canadian National Christian Foundation is a large charity, receiving $11.0m in donations in F2017. Administrative costs are 1% of donations (excluding investment income), and fundraising costs are 0.0% of donations. For every dollar donated, 99 cents go to CNCF’s programs, which is outside of Ci’s reasonable range for overhead spending. CNCF has funding reserves of $30.5m, which can cover annual program costs for 3.5 years.
Updated July 15, 2019 by Caroline McKenna.
Financial Review
Fiscal year ending October
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.9% | 1.3% | 2.7% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.1% |
| Total overhead spending | 0.9% | 1.4% | 2.8% |
| Program cost coverage (%) | 345.7% | 328.3% | 310.5% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 11,009 | 16,702 | 8,373 |
| Fees for service | 0 | 54 | 43 |
| Investment income | 1,025 | 741 | 483 |
| Other income | 3 | 84 | 0 |
| Total revenues | 12,036 | 17,581 | 8,899 |
| Program costs | 157 | 598 | 402 |
| Grants | 8,667 | 7,808 | 5,815 |
| Administrative costs | 100 | 225 | 225 |
| Fundraising costs | 1 | 6 | 7 |
| Total spending | 8,925 | 8,637 | 6,449 |
| Cash flow from operations | 3,112 | 8,943 | 2,450 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 30,501 | 27,595 | 19,306 |
Note: Investment management fees were removed from investment income, affecting both revenues and expenses by ($145k) in F2017, ($140k) in F2016, and ($120k) in F2015. Staff salary and compensation information refers to F2016 because this is the most recent compensation information available.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2016
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Comments & Contact
Comments added by the Charity:
Charity Contact
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