The Rooms Corporation of Newfoundland and Labrador

9 Bonaventure Ave., PO Box 1800 Stn C
St. John's, NL A1C 5P9
CEO: Dean Brinton
Board Chair: Tom Foran

Website: www.therooms.ca
Charitable Reg. #: 85196 5202 RR0001
Sector: Arts & Culture
Operating Charity

Charity Rating

Not yet rated

Social Results Reporting

Grade: NR

Charity not yet rated on the public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #95

Avg. Compensation $54,671

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 5
$40k - $80k 4
< $40k 0
Information from most recent CRA Charities Directorate filings for F2012

About The Rooms Corporation of Newfoundland and Labrador:

The Rooms Corporation of Newfoundland and Labrador (The Rooms) was established to collect, preserve and make available for research, historic artifacts, natural history of specimens and archival records that represent and illustrate the significant history, culture and natural heritage of Newfoundland and Labrador. In F2012 The Rooms developed guidelines and criteria to develop programs which are socially and culturally relevant. The programs and exhibits are delivered to engage the public in socially relevant issues. In F2012, new evaluation methods for exhibitions and programming were developed to determine their social and cultural relevance.

In F2012 the Rooms had a total of 75,739 visits and 902 new membership purchases. F2012 visits to programs of the Education and Public Programming Unit increased 37% from F2011. Gift Shop Sales of $233k in F2012 were up 33% over F2011.

Financial Review:

The Rooms reported no fundraising costs on its audited financial statements and in its T3010 CRA filing. The Rooms' administrative costs (taken from charity's T3010 filing as they are not reported on audited financial statements) were 38% of revenues. It has funding reserves of $9.4m which include $7.4m in restricted reserves. The Rooms' funding reserves cover 176% of annual program costs.

Financial Ratios

Fiscal year ending March
201220112010
Administrative costs as % of revenues 38.3%28.0%23.4%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 175.5%127.6%108.9%

Summary Financial Statements

All figures in $000s
201220112010
Donations 2,1731,4353,173
Goods in kind 1,157980
Government funding 10,2029,39010,649
Fees for service 438427426
Business activities (net) 827891
Investment income 784811
Total revenues 14,13211,47714,349
Program costs 5,3735,6226,581
Administrative costs 5,3853,1983,354
Fundraising costs 000
Cash flow from operations 3,3742,6574,414
Funding reserves 9,4307,1727,164
Note: Ci has adjusted deferred donations and deferred capital contributions affecting revenues by $3.0m in F2012, by $2.4m in F2011 and by $4.0m in F2010. Ci has adjusted the costs of gift shop sales in program costs and calculated the net of cost of gift shop sales in revenues. Total expenditure on all compensation and total expenditure on compensation of part-time employees is reported as $0 in T3010 return for F2012 and F2011 although they report to have 20 and 7 part-time employees in F2012 and F2011 respectively. Administrative costs are as reported in charity's T3010 filing.    

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