South Saskatchewan Community Foundation

3934 Gordon Road
Regina, SK S4S 6Y3
Executive Director: Susanne Hamilton
Board President: Doug Johnson

Charitable Reg. #: 89027 1448 RR0001
Sector: Fundraising Organization - Community Foundation
Public Foundation

Charity Rating

Not yet rated.

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 through official request for information from Canada Revenue Agency [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2009 2010 2011
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #1

Avg. Compensation $70,894

Top 10 Staff Salary Range

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

About South Saskatchewan Community Foundation:

Founded in 1969, the South Saskatchewan Foundation pools and invests donations and distributes the income earned as grants that support community projects. The Foundation encompasses over 300 communities, including 7 cities. It funds a broad spectrum of interests, including arts and culture, health, education, sports and recreation, social services, youth, seniors, relief of poverty, animal welfare and the environment.

The Foundation has expanded rapidly over the last decade, from granting $60k in 2000 to granting $2.2m in 2011. It supported more than 135 charities in 2011.

Notice to Donors: Charity Intelligence initially reported on community foundations given the large size of donations these foundations receive. In subsequent research and discussions with community foundations, their operating model does not fit with Charity Intelligence's analysis. Community foundations have significantly different cost structures, invested funds, and results that are not comparable with other charities. Donors looking to establish funds within community foundations should assess: 1. prior investment return track records, 2. restrictions on how much is paid out of funds each year to charities (the payout ratio maximum and minimum), 3. the quality of research provided in helping donors grant to charities, and 4. annual fees. Community foundations can provide services making giving easy, as do other financial service providers. Donors should talk with their financial advisor.

Charity Intelligence can update this report on the South Saskatchewan Community Foundation, if there is sufficient donor interest.

Financial Review:

Administrative costs are 5% of revenue and the Foundation reported no fundraising costs. The Foundation has funding reserves of $27.2m (including $26.8 of donor-endowed funds), which cover annual program costs 12.6 times. The Foundation paid investment management fees of $117k in F2011. ROI and investment management fees charged on endowment accounts are not disclosed.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 4.6%7.1%10.8%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 1,255.2%1,764.6%2,211.1%

Summary Financial Statements

All figures in $000s
Donations 4,2472,4491,672
Investment income 6951,106351
Total revenues 4,9423,5552,023
Grants 2,1651,439986
Administrative costs 197173181
Fundraising costs 000
Other costs 117178157
Cash flow from operations 2,4631,765699
Funding reserves 27,17425,39321,801
Note: Ci removed unrealized gains/loss on investment, changing revenue by $729k in F2012, ($1,870k) in F2011, and ($3,023k) in F2010.

Comments added by the Charity:

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