Banff, AB T1L 1H5
President & CEO: Janice Price
Board Chair: David Weyant
Charitable Reg. #: 11921 4955 RR0001
Social Results Reporting
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Program Cost Coverage
Full-time staff #399
Avg. Compensation $67,219
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||3|
|$160k - $200k||3|
|$120k - $160k||3|
|$80k - $120k||0|
|$40k - $80k||0|
About Banff Centre:
The Banff Centre was founded in 1933 with the mission to inspire creativity. Its vision is to advance Canada's role in creativity and knowledge through the arts. Itworks with artists, leaders and researchers to develop creative thinkers and uncover new solutions. The Banff Centre promotes Arts and Culture by providing artists with advanced education and hosting world class festivals. The Centre also provides leadership programs aimed at developing leaders that will strive to advance their communities. In particular, it focuses on developing Indigenous Leaders from diverse Indigenous communities.
In F2015, The Banff Centreheld over 400 events and programs on its site, attended by over 80,000 audience members. It also hosted over 500 conferences, attended by 20,000 participants. In F2015, the Centreworked with 3,000 artists, 2,400 researchers and 1,700 leaders. Of its artists, 70% were Canadian, with the other artists coming from 16 different countries.
In F2015, The Banff Centrereported that 90% of its alumni work professionally in their fields. Further, 81% had secured a position, role or exhibition within a year of taking a Banff Centre program. Finally, 78% earned their living from artistic practice, and serve as mentors and teachers within their community. These outcomes demonstrate the Centre's role in developing artists who are contributing members within their field.
The Banff Centre is a big charity, with donations of $7m in F2015. Its administrative costs were 36% of revenues in F2015, falling from its high of 40% in F2014. Banff Centre did not report its fundraising costs in its audited financial statements. Using the T3010 CRA filing, its fundraising costs were 12% of donations in F2015, significantly lower than F2014 at 23%. For every $1 donated to the Banff Centre, 52 cents goes towards its programs. The Banff Centre has funding reserves of $54.6m, and does not report the amount of donor-endowed funds in its reserves. This results in a program cost coverage ratio of 180%, meaning that the charity can continue its programs for another 1.8 years using its existing funds.
This charity report is an update that is being reviewed by Banff Centre. Changes and edits may be forthcoming.
Updated on May 17, 2016 by Lynn Tay.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||36.2%||40.0%||31.6%|
|Fundraising costs as % of donations||12.0%||22.6%||11.8%|
|Program cost coverage (%)||179.5%||139.1%||114.3%|
Summary Financial StatementsAll figures in $000s
|Fees for service||2,933||3,763||4,173|
|Business activities (net)||26,941||24,770||24,389|
|Cash flow from operations||10,385||3,270||12,195|