Yellowknife Community Foundation
Yellowknife, NT X1A 2P2
Executive Director: Rosella Stoesz
Board President: Darrell Vikse
Charitable Reg. #: 88910 1978 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 #0
Avg. Compensation $0
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About Yellowknife Community Foundation:
Founded in 1993, the Yellowknife Community Foundation’s mission is to enhance the quality of life of the citizens of Yellowknife and the surrounding area by: identifying and addressing current and anticipated community needs; and, raising, managing, and distributing investment income from donated funds to meet those needs. The Foundation is not singularly dedicated to any specific area of support.
In F2011, the Foundation granted fourteen $1,000 scholarships and $68k in grants to charities in a variety of sectors, including: sports and physical activities (25% of grant funding), children and youth (23%), community services (22%), seniors (12%), search and rescue (12%), arts and culture (3%), and health and safety (3%).
Fundraising costs are 56% of donations and administrative costs are 41% of revenue less investment income. The Foundation has $3.2m in funding reserves (including $854k in donor-endowed funds), which cover annual program costs 38.5 times. The Foundation reported one part-time employee in F2011. Other costs reported below consist of administration fees for its investments. The Foundation does not disclose its return on investment or whether it charges a fee on its endowments.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||41.1%||28.4%||108.4%|
|Fundraising costs as % of donations||55.7%||33.4%||12.8%|
|Program cost coverage (%)||3,848.2%||2,059.9%||3,133.6%|
Summary Financial StatementsAll figures in $s
|Goods in kind||44,127||36,738||29,499|
|Fees for service||51,525||43,552||0|
|Cash flow from operations||50,990||44,771||26,903|