Glenbow Museum

130 9th Ave S.E.
Calgary, AB T2G 0P3
President & CEO: Donna Livingstone
Board Chair: Jim McLeod

Website: www.glenbow.org
Charitable Reg. #: 10743 5695 RR0001
Sector: Arts & Culture
Operating Charity

Social 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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #69

Avg. Compensation $65,302

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 3
$80k - $120k 6
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Glenbow Museum:

Founded in 1966, Glenbow is "a cultural cornerstone, growing generations of art and history lovers...Its programs, exhibitions and services foster learning and an appreciation of art and culture in our daily lives."

Glenbow Museum began when a petroleum entrepreneur and lawyer, Eric Lafferty Harvie, donated his art collection to the city of Alberta. Glenbow is now one of the largest museums in Western Canada,and itscollection features both the historical art and culture of Western Canada and contemporary art. The collection includes many art pieces, artifacts, archival materials and published works. Glenbow also offers programs for families and students to increase the community's exposure to the region's history.

In F2015, the Museum welcomed 125,697 visitors to Glenbow. Also in F2015, Glenbow had 67,636 students participate in its school and educational outreach programs. Further, 4,287 adults participated in its adult programs. During the year, 7,394 people were assisted with research requests and access to Glenbow's collections.

Glenbow presented data from the Calgary Engagement Survey released in the summer of 2015 to demonstrate its impact on the community. This data showed that 87% of Calgarians believed that the arts help to bring people together, enabling people to connect to each other. Further, 82% of Calgarians believe that a strong arts and culture scene is key for a vibrant, safe and prosperous city.

Financial Review:

Glenbow Museum is a medium-sized charity, with donations of $1.7m in F2015. Its administrative cost at 16% of total revenues has decreased since 2013. Despite fifty years of operations, its fundraising cost at 44% of total donations is high, and has increased by 7% since 2013. Its total overhead costs fall outside ofCi's reasonable range. For every $1 donated to Glenbow Museum, 41 cents is used towards its programs. Glenbow Museum has $30m in funding reserves. Funding reserves contain donor-endowed funds, but it is not explicitly specified in the audited financial statements. This results in a high program cost coverage ratio of 480%, indicating that the charity can continue running its programs for 4.8 years with its existing funds. Glenbow's collection is not disclosed in its audited financial statements.

This charity report is an update that is being reviewed by Glenbow Museum. Changes and edits may be forthcoming.

Updated on May 17, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 15.7%16.2%19.5%
Fundraising costs as % of donations 43.7%42.6%37.3%
Program cost coverage (%) 480.4%456.4%412.4%

Summary Financial Statements

All figures in $000s
201520142013
Donations 1,7191,9602,069
Government funding 3,7763,1763,176
Fees for service 959870860
Business activities (net) (29)(11)13
Investment income 2,8964,7073,090
Other income 432380452
Total revenues 9,75211,0829,660
Program costs 6,2846,3226,397
Administrative costs 1,0731,0331,280
Fundraising costs 752835772
Cash flow from operations 1,6442,8921,211
Funding reserves 30,18928,85426,383
Note: Ci has adjusted amortization of deferred capital contributions and the museum shop’s cost of sales affecting revenues by ($1.1m) in F2015, by ($1m) in F2014, and by ($1.1m) in F2013. Ci has adjusted amortization and the museum shop’s cost of sales affecting expenses by ($1.3m) in F2015, by ($1.4m) in F2014, and by ($1.5m) in F2013.

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