United Way of Kitchener-Waterloo and Area
Waterloo, ON N2L 1T2
CEO: Jan Varner
Board Chair: Ingrid Pregel
Charitable Reg. #: 10816 0219 RR0001
Social Results Reporting
Grade: BThe 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 #17
Avg. Compensation $55,541
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||1|
|$40k - $80k||6|
About United Way of Kitchener-Waterloo and Area:
Founded in 1967, the United Way of Kitchener-Waterloo and Area (UWKW) aims to build upon the community's resources and improve the quality of life for all. The organization funds a number of human service agencies, specifically focusing on poverty, health and community, and children. It raises funds primarily through the annual Community Campaign, which includes donations from company payrolls, corporations and individuals.
The organization does not disclose details of grant funding to individual partner agencies in F2015. In F2013, the charity invested in 41 partner agencies. The top five grantees of this charity in F2013 were K-W Counselling Services ($434k or 13% of total grants), Carizon Family and Community Services ($329k, 10%), House of Friendship ($316k, 9%) YWCA of Kitchener-Waterloo ($270k, 8%), and Big Brothers Big Sisters of Kitchener-Waterloo and Area ($222k, 6%).
Fundraising costs are 20% of donations and administrative costs are 10% of revenue. The organization has funding reserves of $2.7m, which cover 62% of annual program costs. The numbers for F2015 are for a period of 15 months, as the charity changed its fiscal year end from December 31 to March 31.
This report is an update and is currently under review by the charity. Changes and edits may be forthcoming.
Updated 9 July, 2015 by Yash Ahuja
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||10.4%||10.7%||6.4%|
|Fundraising costs as % of donations||20.1%||18.7%||15.8%|
|Program cost coverage (%)||62.1%||81.2%||83.1%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(35)||(114)||509|