Confederation Centre of The Arts

145 Richmond St
Charlottetown, PE C1A 1J1
CEO: Jessie Inman
Board Chair: Wayne H Hambly

Website: www.confederationcentre.com
Charitable Reg. #: 12180 7929 RR0001
Sector: Arts & Culture
Operating Charity

Social Results Reporting

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 ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #64

Avg. Compensation $47,069

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 3
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2012

About Confederation Centre of The Arts:

Founded in 1964 as Canada's National Memorial to the Fathers of Confederation, who gathered at Province House in 1864 to discuss the creation of Canada, Fathers of Confederation Buildings Trust now operates as Confederation Centre of The Arts (CCOA). CCOA aims to engage and empower the imagination of youth; to honour the vision of the Founders of Canada; to strengthen Canada's national identity; and to increase the cultural wealth of all Canadians. It houses several theatres, an art gallery, and a gift shop and showcases Canadian visual and performing arts.

In F2012, CCOA welcomed more than 250,000 visitors, including in-person and online visitors. More than 700 students participated in CCOA's Arts Discovery Days program (offered in both English and French) where students spend a day exploring different ways of learning about their Social Studies curriculum. Through its Choral Program CCOA sent 50 people on a Youth Chorus Tour to Rome and Naples. CCOA's art gallery welcomed a total of 38,719 visitors and organized 12 exhibitions. It conducted several outreach activities such as Art in the Open and touring exhibitions. Sobeys Live @ the Centre, a children's entertainment program, celebrated its 10-year anniversary and conducted 19 performances.

Financial Review:

In F2012, CCOA's administrative costs were 8% of its revenues. Its fundraising costs were 4% of donations. CCOA has $3.3m in funding reserves (including $2.0m in endowment fund and $2.6m in CCOA Foundation) covering 49% of the annual program costs.

Financial Ratios

Fiscal year ending March
201220112010
Administrative costs as % of revenues 7.8%7.0%6.7%
Fundraising costs as % of donations 3.5%3.5%3.9%
Program cost coverage (%) 48.9%25.2%27.5%

Summary Financial Statements

All figures in $000s
201220112010
Donations 6,4607,8447,221
Goods in kind 239366346
Government funding 4,4574,8754,880
Business activities (net) 374469407
Investment income 59115630
Total revenues 11,58813,67013,485
Program costs 6,7307,9478,415
Grants 121,2500
Administrative costs 905949865
Fundraising costs 226271279
Other costs 1,8711,7161,967
Cash flow from operations 1,8451,5371,959
Funding reserves 3,2942,3142,311
Note: Ci has consolidated CCOA and CCOA Foundation statements affecting funding reserves. Ci used CCOA Foundation’s T3010 CRA filing, as its audited financial statements are not available. Ci has presented commercial revenue net of expenses, affecting revenues and expenses by ($1.7m) in F2012, by ($1.7m) in F2011 and by ($1.8m) in F2010. Ci has adjusted unrealized gain (loss) on investments and net loss of wholly-owned subsidiaries affecting expenses by $126k in F2012 and by $12k in F2010. Ci has adjusted amortization affecting program costs by ($1.2m) in F2012, by ($1.1m) in F2011 and by ($974k) in F2010.

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