United Way of Kitchener-Waterloo and Area

20 Erb Street West
Waterloo, ON N2L 1T2
CEO: Jan Varner
Board Chair: Ingrid Pregel

Website: www.uwaykw.org
Charitable Reg. #: 10816 0219 RR0001
Sector: Fundraising Organization
Public Foundation

Charity Rating

[Charity Rating: 4/4]

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.

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 #17

Avg. Compensation $55,541

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 1
$40k - $80k 6
< $40k 1
Information from most recent CRA Charities Directorate filings for F2013

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%).

Financial Review:

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 Ratios

Fiscal year ending March
201520132012
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 Statements

All figures in $000s
201520132012
Donations 6,0024,6994,906
Investment income 206161135
Other income 75106298
Total revenues 6,2824,9675,339
Program costs 374278199
Grants 4,0473,3523,451
Donor-designated donations 605869
Administrative costs 629514335
Fundraising costs 1,207879777
Cash flow from operations (35)(114)509
Funding reserves 2,7442,9463,031
Note: Ci adjusted for amortization of deferred capital contributions, changing revenues by ($20k) in F2015. Administrative costs have been allocated according to the charity's activity-based costing schedule.

Comments added by the Charity:

No comments have been added by the charity.

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