391 Kenmount Rd
St. John's, NL A1B 3P9
President: John Murphy
Board Chair: Blair Patrick

Charitable Reg. #:11928 6920 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

D+

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

16%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 16 cents are available for programs.



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Programs

About VOCM Cares:

Founded in 1983, the VOCM Cares Foundation (VOCM Cares) funds projects of local Newfoundland charities that focus on the health, education and safety of people in the provincial community. VOCM Cares provided funding to projects for 18 charities in F2018. Examples of the organizations include CBS Lion’s Club, Special Olympics NL, and Ronald McDonald House NL.

VOCM Cares is a public foundation of Steele Communications, which is the Newfoundland division of the national radio broadcasting company Newcap Radio. VOCM Cares uses its strong connections with Steele Communications to run multiple fundraising events, including Super Radio Bingo, annual golf tournaments and Happy Tree concerts. The costs associated with the charity’s Super Radio Bingo fundraiser account for the majority of VOCM Cares' operating costs.

One program VOCM Cares helped fund was Block the Bus. This program provided back to school supplies for families in need. In F2018, over 650 bags with supplies were filled and distributed.

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Finances

VOCM Cares is a small-sized charity with total donations and special events fundraising revenues of $97k in F2017. Administrative costs are 29% of revenues and fundraising costs (excluding Super Radio Bingo) are 55% of donations. For every dollar donated 16 cents go to the cause, which is outside Ci’s reasonable range for overhead spending.

VOCM Cares’ annual Super Radio Bingo fundraiser raised $1.1m in F2017, representing just over 90% of total revenue reported in the audited financial statements.

VOCM Cares holds funding reserves of $855k, which cover annual program costs related to project funding for 2.9 years.

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

Updated on August 7, 2019 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending August
201720162015
Administrative costs as % of revenues 29.3%23.0%34.0%
Fundraising costs as % of donations 55.1%31.2%19.4%
Total overhead spending 84.4%54.2%53.4%
Program cost coverage (%) 289.8%221.5%175.7%

Summary Financial Statements

All figures in $s
201720162015
Donations 6,87037,25297,974
Business activities (net) 403,309619,712399,697
Special events 90,081146,381161,671
Investment income 6,4286,9716,385
Other income 5,7785,2012,450
Total revenues 512,466815,517668,177
Program costs 294,946364,350348,251
Administrative costs 148,078186,194224,932
Fundraising costs 53,42957,32650,413
Total spending 496,453607,870623,596
Cash flow from operations 16,013207,64744,581
Funding reserves 854,747807,167611,792

Note: VOCM Cares reports no compensation details in its T3010 CRA filing. Radio Bingo revenues are reported net of expenses within business activities revenue, decreasing total revenues and expenses by $692k in F2017, $781k in F2016 and $672k in F2015. Ci backed out amortization from administrative costs.

Salary Information

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 F2017

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Comments & Contact

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Charity Contact

Website: www.vocmcares.com
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