TELUS Spark

220 St. George's Drive NE
Calgary, AB T2E 5T2
President & CEO: Jennifer Martin
Board Chair: Brent Poohkay

Website: www.sparkscience.ca
Charitable Reg. #: 11878 1079 RR0001
Sector: Education
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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #100

Avg. Compensation $40,235

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 2
$80k - $120k 4
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About TELUS Spark:

The Calgary Science Centre and Creative Kids Museum Society (CSCS), operating as TELUS Spark, is an organization committed to promoting the arts, science and technology by providing fun-filled learning experiences. Its mission is to be a role model and force for innovation that drives positive change.

In October 2011, the CSCS moved to the New Science Centre, a 153k square-foot location that is the first purpose-built Science Centre in Canada in over 25 years. The construction of the new facility was a $160m initiative, with 75% of funding coming from the government and 21% from corporate donations. In its first full year of operation at the new location, the CSCS welcomed over 383k visitors, and exceeded its targets by 21% by attracting over 20k active annual members. In F2012, the CSCS piloted 170 programs, including astronomy nights, a planetarium show at the HD Digital Dome Theatre, spring and summer camps, and corporate team building programs.

Financial Review:

In F2012, the CSCS's administrative costs were 9% of revenues, while fundraising costs were low at 8% of donations. Revenues include $13.8m in donations and grants restricted to the New Science Centre Fund. The CSCS has negative funding reserves in the amount of ($1.5m), owing to $7.3m in long-term debt associated with the construction of the New Science Centre. While not presented below, the CSCS has had significant capital expenditures in recent years associated with the new facility, in the amount of $16.7m in F2012, $55.5m in F2011 and $40.1m in F2010.

Financial Ratios

Fiscal year ending December
201220112010
Administrative costs as % of revenues 8.8%10.3%10.0%
Fundraising costs as % of donations 8.0%7.8%16.1%
Program cost coverage (%) (19.4%)(2.5%)197.5%

Summary Financial Statements

All figures in $000s
201220112010
Donations 8,5267,6463,103
Government funding 7,8753,3733,046
Fees for service 5,1422,3133,243
Business activities (net) 1,175503385
Other income 11960101
Total revenues 22,83713,8969,877
Program costs 7,6417,2277,452
Administrative costs 2,0211,429990
Fundraising costs 686595499
Cash flow from operations 12,4890937
Funding reserves (1,483)(183)14,721
Note: The CSCS had significant changes in deferred revenue in each of the three fiscal years presented related to the new building. Ci customarily adds changes in non-government deferred contributions to donations; however, TELUS Spark did not break out the source of the deferred contributions. Therefore, revenues are presented as stated on the audited financial statements. Ci presented business activities (retail, food, facility rentals and parking) net of expenses, adjusting revenues and expenses by ($971k) in F2012, ($327k) in F2011, and ($189k) in F2010.

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