Beaverbrook Art Gallery

P.O. Box 605, 703 Queen St.
Fredericton, NB E3B 1C4
CEO: Terry Graff
Board Chair: Allison D McCain

Charitable Reg. #: 10678 0851 RR0001
Sector: Arts & Culture
Operating Charity

Donor Accountability

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

2009 2010 2011
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #12

Avg. Compensation $51,611

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 1
$40k - $80k 7
< $40k 1
Information from most recent CRA Charities Directorate filings for F2011

About Beaverbrook Art Gallery:

Established in 1959, The Beaverbrook Art Gallery (BAG) was declared the Provincial Art Gallery of New Brunswick in 1994. Its mission is to bring art and community together in a cultural environment, dedicated to the highest standards in exhibitions, programming and education.

BAG’s permanent collection was established with the gift of 300 works of art from Lord Beaverbrook and since then, has grown to include over 3,000 objects and several other categories. It also has special collections of diverse media related to Canadian contemporary art, craft objects, folk art, intuit prints and First Nations art. BAG has a British Collection encompassing work from the Elizabethan era through to the twentieth century and an International Collection which spans 600 years of art from Western Europe.

BAG offers various programs for children and youth, teens and adults where participants engage in discussions, activities and discoveries inspired by art. Participants are encouraged to explore their creativity and to get comfortable with new techniques in media. BAG offers a program called After School Program (ASP) with an objective to meet both the developmental needs (physical, social, intellectual, creative and emotional) and the individual needs and interests of each child. ASP combines art, reading, drama, music and creative writing activities for children.

Financial Review:

BAG’s funding comes primarily from the Province of New Brunswick (48% of revenues). In F2012, its administrative costs were 26% of revenues and fundraising costs were 25% of donations. BAG has cash and investment reserves of $5.8m (including $2.0m in donor-endowed funds) covering annual program costs 3.6 times.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 25.7%6.6%16.4%
Fundraising costs as % of donations 25.1%2.2%19.0%
Program cost coverage (%) 362.9%9.2%52.1%

Summary Financial Statements

All figures in $s
Donations 230,2233,788,1371,049,797
Government funding 675,000499,000375,000
Fees for service 179,087270,372197,987
Business activities (net) 60,77047,40083,988
Special events 122,040133,8350
Investment income (47,697)643,5951,143,462
Other income 2,8463,1434,456
Total revenues 1,222,2695,385,4822,854,690
Program costs 1,602,0151,303,0871,593,336
Administrative costs 326,644312,782281,331
Fundraising costs 88,38886,793199,483
Cash flow from operations (794,778)3,682,820780,540
Funding reserves 5,813,556120,385830,512
Note: BAG’s T3010 CRA filing could not be reconciled with its audited financial statements. Ci has adjusted amortization of deferred contributions, deferred contributions and deferred revenues to reflect in the year received affecting revenues by ($257k) in F2011, by $3.1m in F2010 and by $54k in F2009.

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