Kinsmen Foundation

2217C Hanselman Court
Saskatoon, SK S7L 6A8
Executive Director: Richard Kies
Board Chair: Lyndsay L'Heureux

Charitable Reg. #:10757 1630 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 0/5]

FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

F

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

Low

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

71%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 71 cents are available for programs.



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OVERVIEW

About Kinsmen Foundation:

The Kinsmen Foundation's fundraiser Telemiracle raises millions of dollars in donations each year. Yet little information is provided about how these donations are spent. Kinsmen Foundation is a 0-star rated charity.

Founded in 1971, Kinsmen Foundation works to improve the quality of life of people in Saskatchewan by raising money to purchase medical equipment and fund medical travel expenses. Grants for equipment may be awarded to individuals or care homes for people with special needs, with past purchases including walkers, accessories to make vehicles more accessible, wheelchairs, specialized bathtubs, and systems to lift people. The charity notes that people traveling out of province for organ transplants can receive more than $20,000 from Kinsmen Foundation to subsidize their travel, food, and accommodation expenses.

Kinsmen Foundation raises money through Telemiracle, an annual 20-hour talent show and telethon. The Foundation reports that in the 45 years since the first Telemiracle in 1977, the event has raised more than $145 million. Kinsmen Foundation reported that $5.5m was raised through Telemiracle in F2020. The charity did not provide information for the Telemiracle held in F2021.

Of the total $3.4m Kinsmen Foundation granted in F2021 (including $640k not dispersed by year-end), which is down $1.4m since F2019, $740k is outlined in the Foundation’s T3010 filing with the CRA. These grants were awarded to other registered charities in Saskatchewan, with the largest grants received by St. Paul’s Hospital Foundation ($300k), Saskatchewan Prevention Institute ($120k), Royal University Foundation ($100k) and Cancer Foundation of Saskatchewan ($100k). The charity does not report on the remaining $2.7m in grants.

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Results and Impact

Charity Intelligence did not find any quantified outcomes on Kinsmen Foundation’s website. This may not be a complete representation of Kinsmen Foundation’s results and impact.

Charity Intelligence has rated Kinsmen Foundation as Low impact based on demonstrated impact per dollar spent.

Impact Rating: Low

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Finances

Charity Intelligence has scored Kinsmen Foundation as a zero in financial transparency because the charity has failed to provide full financial statements when requested. The financial analysis completed by Charity Intelligence uses the most recent financial statements available to Ci, from the CRA, at the time of writing this report.

Kinsmen Foundation received donations of $6.4m in F2021, an increase of $1.1m from F2020 ($5.3m). Administrative costs are 11% of revenues less investment income, and fundraising costs are 18% of donations. For every dollar donated, 71 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

Kinsmen Foundation has $12.6m in funding reserves, of which $39k is donor-endowed. Excluding donor-endowed funds, the foundation could grant for 4.4 years at the F2021 level using reserves.

This charity report is an update that has been sent to Kinsmen Foundation for review. Changes and edits may be forthcoming.

Updated on May 24, 2022 by Angelina Curwin.

Financial Review


Financial Ratios

Fiscal year ending June
202120202019
Administrative costs as % of revenues 11.3%14.3%13.0%
Fundraising costs as % of donations 17.7%21.2%20.0%
Total overhead spending 29.0%35.5%33.0%
Program cost coverage (%) 305.1%271.7%317.3%

Summary Financial Statements

All figures in $000s
202120202019
Donations 6,4135,3325,689
Business activities (net) 3652529
Investment income 162217234
Total revenues 6,9405,5745,952
Grants 4,1044,3263,931
Administrative costs 766767745
Fundraising costs 1,1331,1291,138
Total spending 6,0036,2225,814
Cash flow from operations 937(648)138
Capital spending 39443
Funding reserves 12,55311,78612,506

Note: Deferred donations were adjusted for, affecting revenue by $952k in F2021, ($126k) in F2020 and ($12k) in F2019. Ci has presented costs associated with Telemiracle as expenses rather than showing Telemiracle revenue net of costs, affecting revenues and expenses by $1.1m in F2021, $1.1m in F2020 and $1.2m in F2019. Grants approved but not disbursed were adjusted for, affecting expenses by $640k in F2021, $399k in F2020 and ($916k) in F2019. Ci has used administrative and fundraising costs as presented in the Foundation’s T3010 filing with the CRA.

Salary Information

Full-time staff: 6

Avg. compensation: $72,149

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
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.telemiracle.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 306-244-6400

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Charitable Registration Number: 80340 7956 RR0001