Vancouver Opera Association
Vancouver, BC V5N 3J7
General Director: Kim Gaynor
Board Chair: Pascal Spothelfer
Charitable Reg. #: 11928 2002 RR0001
Grade: CThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #26
Avg. Compensation $66,668
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||3|
|$80k - $120k||2|
|$40k - $80k||4|
About Vancouver Opera Association:
Founded in 1958, Vancouver Opera Association (VOA) is the second largest opera company in Canada. It produces main stage opera productions and runs education programs. VOA has made cross cultural creative partnerships and launched various community programs that arise from each season’s operas. These community programs address issues including poverty, life with disabilities, the plight of women and faith in politics.
Main productions made up 67% of VOA’s program costs in F2016. VOA ran five major productions during the year: Rigoletto, Evita, Dark Sisters, Stickboy, and Madama Butterfly. VOA introduced its Vancouver Opera Festival in April 2017, which is a two-week festival where people can attend operas, events, art galleries and other forms of entertainment. Based on the charity’s news releases, more than 20,000 people attended its productions (operas, concerts, screenings, art galleries, events) in its 2016/17 season and inaugural Vancouver Opera Theatre. The Festival included over 70 events, including three new opera productions and 20 community and free events. VOA also reports that the festival created jobs for 370 people.
Education and outreach costs made up 21% of VOA’s program costs in F2016. The charity runs multiple education programs for elementary and secondary school students, including Vancouver Opera in Schools, which is a touring program that reaches around 50,000 children and families in BC a year. The charity also runs a summer opera camp and community concerts and programs. VOA states that more than 1.6 million children have been reached through education programming over the past 40+ years.
The following financial analysis represents the consolidated financial standing of Vancouver Opera Association, Vancouver Opera Foundation, and Vancouver Opera Endowment Trust. Fund transfers between the charities (grants to VOA from VOF and the Endowment Trust) have been excluded from revenues and expenses.
Vancouver Opera Association is a medium-sized charity with total donations of $2.4m in F2016. The dramatic spike in donations of $14.6m in F2015 is due to $12.2m in external contributions to endowment funds received by VOF during the year. Administrative costs are 9% of revenues and fundraising costs are 28% of donations. Per dollar donated to the charity, $0.63 goes towards its programs and productions, which falls outside of Ci’s reasonable range for overhead spending.
VOA, VOF and VO Endowment Fund hold funding reserves of $17.0m, of which $13.7m are donor-endowed. Excluding endowed funds, reserves can cover 54% of VOA’s annual program costs.
This charity report is an update that is currently being reviewed by Vancouver Opera Association. Comments and edits may be forthcoming.
Updated on August 11, 2017 by Katie Khodawandi.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||9.4%||3.9%||11.0%|
|Fundraising costs as % of donations||28.1%||5.2%||42.1%|
|Program cost coverage (%)||244.6%||194.7%||207.6%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||866||1,432||953|
|Fees for service||3,746||3,266||3,099|
|Cash flow from operations||1,332||12,381||879|