Saskatoon Community Foundation

101-308 Fourth Avenue
North Saskatoon, SK S7K 2L7
Executive Director: Trever Forrest
Board Chair: Zeba Ahmad

Website: www.saskatooncommunityfoundation.ca
Charitable Reg. #: 11914 0911 RR0001
Sector: Fundraising Organization - Community Foundation
Public Foundation

Social Results Reporting

Grade: C-

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

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #4

Avg. Compensation $79,418

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About Saskatoon Community Foundation:

Founded in 1970, the Saskatoon Community Foundation (SCF) aims to increase the quality of life in Saskatoon by strategically making grants to other charities. The SCF manages $27m in endowments to provide money for over 100 charities in Saskatoon. The SCF makes grants using only income earned on endowments, holding the original contributions in perpetuity. In 2011, the sectors it supported included: social development (37% of total grants), health (19%), arts and culture (15%), education (11%), environment (9%), faith-based (8%), and capacity building (2%). In addition, the SCF manages funds for outside agencies, for which it earns a fee.

Since its founding, it has made over $10m in grants. It has a 10-year average return on investment of 6.5%. The Saskatoon Community Foundation is a member of Community Foundations of Canada.

Financial Review:

Fundraising costs are 4% of donations, and administrative costs are 11% of revenues. The Foundation has funding reserves of $34m (including $27m of donor-endowed funds and $4m of flow through funds), which cover annual program costs 14.3 times. In addition, it manages $13m for outside agencies.

Financial Ratios

Fiscal year ending December
201220112010
Administrative costs as % of revenues 11.4%9.6%11.2%
Fundraising costs as % of donations 3.8%3.7%4.2%
Program cost coverage (%) 1,432.8%2,001.6%1,663.4%

Summary Financial Statements

All figures in $000s
201220112010
Donations 4,0044,7633,858
Fees for service 07841
Business activities (net) 839187
Special events 507611485
Investment income (922)(300)(653)
Total revenues 3,6725,2433,818
Program costs 9699107
Grants 9081,3171,350
Donor-designated donations 1,372116154
Administrative costs 522535502
Fundraising costs 174197182
Cash flow from operations 6002,9791,524
Funding reserves 34,04330,65526,789
Note: Ci removed unrealized gains on investment from revenues, changing revenues by ($2,744k) in F2012, ($825k) in F2011, and ($3,414k) in F2010. Ci removed increases in cash surrender value of life insurance policies owned from expenses, changing expenses by ($7k) in F2010.

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