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Kinsmen Foundation

2217C Hanselman Court
Saskatoon, SK S7L 6A8
Executive Director: Cindy Xavier
Board Chair: Eli Rizk

Charitable Reg. #: 10757 1630 RR0001
Sector: Social Services
Operating Charity

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 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

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #5

Avg. Compensation $69,285

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 3
< $40k 1
Information from most recent CRA Charities Directorate filings for F2015

About Kinsmen Foundation:

Founded in 1971, the Kinsmen Foundation approves grants for special needs equipment and access to medical assistance for Saskatchewan residents, groups and health foundations to improve quality of life and independence. Special needs equipment purchases include: wheelchairs, electric scooters, vehicle conversions, communication devices, and specialized tubs and beds, among others. Medical assistance includes travel and accommodation subsidies for people travelling to health care facilities in other parts of the province or country.

The Foundation raises most of its funds from Telemiracle, a 20-hour show and telethon broadcast by CTV. Telemiracle features a different cast every year and has various performances, including singing, dancing and comedy.

In 2015, the Foundation reported granting 31 applications from individuals, groups and healthcare facilities for amounts up to $245k. These grants, which were reported on the foundation’s T3010 filing with the CRA, account for only $1.9m of the $3.6m in grants reported in the foundation’s audited financials in F2015.

Financial Review:

Kinsmen Foundation is a medium-sized charity with $4.5m in donations in F2015. Souvenir sales at its annual Telemiracle event brought in an additional $21k in revenues. Administrative costs were 16% of revenues and fundraising costs were 23% of donations. As such, for every $1 donated, 61 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range of overhead spending. Funding reserves of $10.2m can cover annual grants 2.8 times.

This charity report is an update that is currently being reviewed by Kinsmen Foundation. Changes and edits may be forthcoming.

Updated on June 23, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 15.5%12.8%11.7%
Fundraising costs as % of donations 23.3%19.7%17.6%
Program cost coverage (%) 278.4%256.7%326.5%

Summary Financial Statements

All figures in $s
Donations 4,457,4425,244,6435,464,137
Business activities (net) 21,41520,20424,896
Investment income 191,150213,601220,991
Total revenues 4,670,0075,478,4485,710,024
Grants 3,647,0424,695,2743,960,071
Administrative costs 696,047673,740643,641
Fundraising costs 1,040,3631,033,037961,653
Cash flow from operations (713,445)(923,603)144,659
Funding reserves 10,151,74312,054,18012,930,830
Note: Business activities are reported gross as no related expenses were reported on the foundation’s audited financials. Ci used fundraising, administrative, and fundraising allocations from the foundation’s T3010 filing with the CRA. In F2014, Kinsmen Foundation reported an additional $780k in grants that were not included in the audited financials. Ci has removed this amount. Revenues were initially reported net of Telemiracle expenses. Ci reallocated these costs back into expenses, increasing revenues and expenses by $1.0m in F2015, $1.0m in F2014, and $966k in F2013.

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