Aspen Family and Community Network Society

2609 - 15 Street NE, Suite 200
Calgary, AB T2E 8Y4
CEO: Shirley Purves
Board Chair: Henry Kutarna

Website: www.aspenfamily.org
Charitable Reg. #: 11904 7017 RR0001
Sector: Social Services
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Social Results Reporting

Grade: A-

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 #118

Avg. Compensation $64,399

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 1
$80k - $120k 6
$40k - $80k 2
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Aspen Family and Community Network Society:

Founded in 1984, Aspen Family and Community Network Society (Aspen) works in Calgary and helps people overcome poverty so that they can create better lives for themselves and their families. According to Aspen's 2015 annual report, one in ten people in Calgary live in poverty. To help these people break from the poverty cycle, Aspen runs programs that fall into three major focus areas: youth, family and the community.

Aspen Family and Community Network Society believes that children born into poverty are less likely to create successful lives for themselves as adults. To break this cycle, Aspen offers eight Youth programs that give kids the care, security and life skills they need to live healthy, independent lives. One such program is In-Home Family Support, which protects children living in potentially unsafe households. Through this program, Aspen educates families on how to handle conflict, build strong relationships and take care of their children. The charity's 2015 annual report states that of the families helped in 2015, 80% of children returned or remained at home. Aspen also runs a Youth Transitions to Adulthood program that teaches at-risk youth about skills needed for independent living, such as money management and transportation. Of the 24 youth who participated in 2015, 78% completed the program and 91% of eligible youth graduated from high school.

Aspen Family and Community Network Society's Family programs help families who live in poverty and/or face relationship problems. One such program is Stay Home Prevention, which works with families who are at immediate risk of homelessness. Stay Home Prevention helped 135 families in 2015, of which 97% avoided eviction and maintained their home.

Aspen's Community programs educate Calgarians about resources available to them that help with issues such as poverty, homelessness and hunger. One such program, the Enmax/Aspen Energy Indicators Study, teaches families at risk of eviction about how to lower their energy costs and access utility support. Aspen helped 120 households avoid utility disconnection and 278 families accessed utility support in 2015.

Financial Review:

Aspen Family and Community Network Society is a medium-sized charity with donations of $4.0m in F2015. Administrative costs are 9% of revenues and fundraising costs are 2% of donations, which falls well within Ci's reasonable range for overhead spending. $0.11 of every donated dollar goes toward overhead costs.

The charity's funding reserves of $1.2m can cover only 12% of annual program costs, indicating a funding need.

This charity report is an update that is currently being reviewed by Aspen. Changes and edits may be forthcoming.

Updated on June 28, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 9.1%15.6%15.8%
Fundraising costs as % of donations 1.7%1.9%2.0%
Program cost coverage (%) 12.0%1.1%1.5%

Summary Financial Statements

All figures in $000s
201520142013
Donations 4,0383,9394,642
Government funding 7,8487,6907,492
Fees for service 225219231
Business activities (net) 82590
Other income 83135121
Total revenues 12,27512,04212,485
Program costs 9,8359,9189,978
Administrative costs 1,1201,8721,974
Fundraising costs 707594
Cash flow from operations 1,249176439
Funding reserves 1,175109153
Note: Ci did not include amortization of deferred contributions, decreasing total revenues by $87k in F2015, $64k in F2014 and $47k in F2013. Ci did not include gain on sale of fixed assets, decreasing total revenue by $243k in F2015. Rental income included in business activities is reported gross of expenses. Administrative, fundraising and program costs are from the charity’s T3010 CRA filing. Total non-cash expenses include amortization of property, plant and equipment of $217k in F2015, $224k in F2014 and $223k in F2013 and total other expenditures of $619k in F2015, $424k in F2014 and $592k in F2013 reported in the charity’s T3010 CRA filing. Amortization of property, plant and equipment has been backed out of program, administrative and fundraising costs based on % of total expenses.  

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