Edmonton Community Foundation

9910 103 Street NW
Edmonton, AB T5K 2V7
CEO: Martin Gaber-Conrad
Board Chair: Carman McNary

Website: www.ecfoundation.org
Charitable Reg. #: 12243 7072 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 #12

Avg. Compensation $98,158

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 2
$120k - $160k 0
$80k - $120k 2
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About Edmonton Community Foundation:

Founded in 1989, the Edmonton Community Foundation encourages philanthropy and funds charitable activities. Through contributions from donors, the Foundation assembles and administers permanent pools of capital so the returns can be perpetually reinvested in its community. Through the Foundation's Community Grants Program, it distributed $11.9m in grants in 2011 to charities representing arts, culture and heritage (13% of grants); education and learning (18%); human and social services (34%); health and wellness (17%); recreation and leisure (9%); and the environment and conservation (9%). Additionally, the Foundation gives Community Play Space Grants for the creation of public playgrounds; Young Edmonton Grants for youth groups on a wide ranging number of activities (such as street dancing and career fairs); and a number of scholarships for students.

The Foundation engages in Legacy Partnerships with charities to help charities develop the skills needed to build an endowment fund and structure a plan to engage donors. The Foundation also teams up with other community organizations on major initiatives, including the Social Enterprise Fund to help not-for-profit organizations develop their social enterprises, and the Edmonton & Area Land Trust to conserve natural environments for future generations, among others.

Financial Review:

Administrative costs are 13% of revenues and fundraising costs are 0.2% of donations. The Foundation has funding reserves of $294m (including $281m of donor-endowed funds), which cover annual program costs 49.7 times. The Foundation had a net return on investment of 0.82% in F2011, and an average ROI of 7.71% since its founding in 1989. The Foundation paid 0.64% of the fair value of assets in investment counsel fees. It charged administration fees of 0.67% of the fair value of assets.

Financial Ratios

Fiscal year ending December
201220112010
Administrative costs as % of revenues 13.3%11.9%11.0%
Fundraising costs as % of donations 0.2%0.1%0.1%
Program cost coverage (%) 4,968.0%4,277.6%3,557.1%

Summary Financial Statements

All figures in $000s
201220112010
Donations 16,80917,64417,776
Fees for service 13311494
Investment income 4,9947,1826,904
Total revenues 21,93624,94024,774
Program costs 738572
Grants 5,8396,2197,323
Donor-designated donations 5,4045,9549,032
Administrative costs 2,2552,1102,000
Fundraising costs 291823
Other costs 1,8661,7241,388
Cash flow from operations 6,4708,8304,936
Funding reserves 293,710269,659263,044
Note: Ci reported expenses gross of any items that offset expenses and added these items into revenue. This increased revenue and expenses by $826k in F2012 and $380k in F2011. The charity reported no fundraising expenses in its financial statements. However, the charity does report fundraising expense of $450k in F2011 and $74k in F2010 on its filling of the T3010. The breakdown between administrative, fundraising and program costs is based on our best estimate, as the charity does not provide a breakdown.

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