Yellowknife Community Foundation

4918 - 50th Street
Yellowknife, NT X1A 2P2
Executive Director: Rosella Stoesz
Board President: Darrell Vikse

Charitable Reg. #: 88910 1978 RR0001
Sector: Fundraising Organization - Community Foundation
Public Foundation

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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #0

Avg. Compensation $0

Top 10 Staff Salary Range

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

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%).

Financial Review:

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 Ratios

Fiscal 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 Statements

All figures in $s
Donations 2,86814,40910,802
Goods in kind 44,12736,73829,499
Fees for service 51,52543,5520
Special events 76,013100,6780
Investment income 127,006128,626103,134
Total revenues 301,539324,003143,435
Grants 83,401141,72371,470
Administrative costs 71,71655,53643,676
Fundraising costs 43,90738,4211,386
Other costs 51,52543,5520
Cash flow from operations 50,99044,77126,903
Funding reserves 3,209,4242,919,3782,239,597
Note: Ci removed proceeds on sale of shares of $95 in F2011 from revenue. Ci removed amortization of $315 in F2010 from expenses.

Comments added by the Charity:

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