Fung Loy Kok Institute of Taoism
Toronto, ON M5T 1K3
Executive Director: Andrew Hung
Founder: Master Moy Lin Shin
Charitable Reg. #: 11893 4371 RR0001
Grade: C-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #24
Avg. Compensation $55,620
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||3|
|$40k - $80k||6|
About Fung Loy Kok Institute of Taoism:
Founded in 1983, Fung Loy Kok (FLK) Institute of Taoism observes the unified teachings of the three religions of Confucianism, Buddhism and Taoism. It aims to make the Taoist Tai Chi®arts available to every community and to promote the health benefits of this ancient practice. All of FLK's instructors are volunteers and all of its branches are run by volunteers.
FLK has two main programs: International Centre Programs and Health Recovery Programs. The International Centre Programs involve various activities for the advancement of physical, mental and spiritual well-being. These activities are aimed towards the development of the participant's heart, mind and body. Health Recovery Programs are focused on helping people with chronic illness, injuries and aging problems. The charity states that these programs have proven to be effective as complementary therapy in aiding and speeding recovery. FLK also aims to promote awareness about Taoist Tai Chi® among the public. The charity hosts an event called International Awareness Day once every year.
In 2013, FLK's administrative costs were 12% of revenues. Its fundraising costs were 49% of donations. FLK's funding reserves were ($7.1m) due to $10.4m in bank loans. It received capital assets worth $8.1m from the Taoist Society of Canada (TSC) in 2013. The TSC forgave $4.2m of FLK's debt in 2012.
This charity report is an update that is being reviewed by FLK. Changes and edits may be forthcoming.
Updated July 22, 2015 by Yash Ahuja.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||12.2%||17.3%||31.2%|
|Fundraising costs as % of donations||49.4%||23.3%||3.0%|
|Program cost coverage (%)||(164%)||(290.6%)||(999.9%)|
Summary Financial StatementsAll figures in $000s
|Goods in kind||419||373||380|
|Fees for service||6,462||5,688||1,168|
|Business activities (net)||239||202||45|
|Cash flow from operations||1,764||1,948||910|