Art Gallery of Alberta
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
C-
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.
65%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 65 cents are available for programs.
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OVERVIEW
About Art Gallery of Alberta:
Art Gallery of Alberta is a two-star charity. It has a below average results reporting grade and is not financially transparent. For every dollar donated to the charity, 65 cents are available to go to the cause, which is just outside Ci's reasonable range.
Founded in 1924, Art Gallery of Alberta (AGA) is a museum in Edmonton focused on developing and presenting original exhibits of contemporary and historical art from around the world. AGA’s vision is to become the creative hub of Alberta and transform people’s lives through art. Outside of its general art exhibits, AGA runs educational workshops, art rental and retail services, and a travelling exhibition.
In F2022, Art Gallery of Alberta acquired 11 new works of art. Since its founding, AGA has acquired over 6,000 works of art. During the year AGA ran 19 exhibitions. The charity reports there are 2,786 AGA members, which is a 25% increase compared to F2021.
The museum runs various arts education programs throughout the year, targeted at both children and adults. Art Gallery of Alberta states that it ran 377 education and learning programs in F2022, serving 8,576 participants. These included 134 school programs and 84 family programs. AGA’s other learning programs include weekend art classes, open workshops, and children’s camps.
Art Gallery of Alberta also runs an Art Rental and Sales (AR&S) program. The program allows members of the public to acquire art for their homes or offices at affordable prices. In F2022, AGA had 1,600 pieces of art available for rent and purchase from 161 artists. The charity rented an average of 154 artworks each month by 75 artists to 37 clients.
The Travelling Exhibition (TREX) program helps Albertans view art in their own communities. TREX is a collaboration between five arts organizations and galleries, including the AGA, Alberta Foundation for the Arts, Art Gallery of Grande Prairie, Alberta Society of Artists, and Esplanade Arts and Heritage Centre. In F2022, the TREX program received 89 bookings and 52,194 visitors.
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Results and Impact
Ci did not find any quantified results for the Art Gallery of Alberta. This may not be a complete representation of AGA’s results and impact.
Art Gallery of Alberta has not yet been rated on impact (n/r).
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Finances
Art Gallery of Alberta’s F2022 T3010 was not available at the time of this review. The charity’s audited financial statements do not use activity-based costing. As such, Ci uses the charity’s T3010 to report program costs, administrative costs, and fundraising costs. The most recent year of data available is F2021.
Art Gallery of Alberta received $1.1m in donations and special events revenue in F2021. Administrative costs are 10% of revenue (excluding investment income), and fundraising costs are 26% of donations. This results in total overhead spending of 35%. For every dollar donated to the charity, 65 cents are available to go to the cause, which is just outside Ci’s reasonable range.
AGA has $4.4m in reserve funds, of which $1.4m are donor endowed. Excluding donor-endowed funds, AGA can cover 88%, or 11 months of its annual program costs.
This report is an update that has been sent to Art Gallery of Alberta for review. Changes and edits may be forthcoming.
Updated July 14, 3034 by Liam Chapleau.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 9.6% | 11.0% | 10.3% |
Fundraising costs as % of donations | 25.7% | 22.7% | 17.9% |
Total overhead spending | 35.2% | 33.7% | 28.2% |
Program cost coverage (%) | 87.8% | 73.9% | 43.1% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 1,058 | 736 | 1,122 |
Goods in kind | 2,815 | 1,308 | 1,306 |
Government funding | 3,104 | 3,419 | 2,670 |
Fees for service | 118 | 128 | 507 |
Business activities (net) | (40) | 4 | 207 |
Special events | 45 | 59 | 176 |
Investment income | 317 | 239 | 367 |
Other income | 306 | 258 | 508 |
Total revenues | 7,724 | 6,153 | 6,862 |
Program costs | 3,523 | 3,621 | 4,406 |
Grants | 1 | 0 | 0 |
Donated goods exp | 2,815 | 1,308 | 1,306 |
Administrative costs | 711 | 650 | 672 |
Fundraising costs | 283 | 181 | 232 |
Other costs | 0 | 0 | 11 |
Total spending | 7,332 | 5,760 | 6,626 |
Cash flow from operations | 392 | 394 | 235 |
Capital spending | 546 | 166 | 394 |
Funding reserves | 4,421 | 4,012 | 3,260 |
Note: At the time of this review, the charity’s F2022 T3010 was unavailable. Since the charity does not use activity-based costing, Ci was unable to report on its F2022 financial data. Ci reported retail services revenue net of expenses in business activities. This affected total revenues and other expenses by ($306k) in F2021, ($284k) in F2020, and ($376k) in F2019. Ci removed donated objects of art from donations to report them separately. Ci included donated objects of art as donated goods used in programs, affecting total expenses by $2.8m in F2022, $1.3m in F2020, and $1.3m in F2019. Ci reported program costs, administrative costs, and fundraising costs from T3010 filings with the CRA. Ci removed losses on asset disposal from program costs, affecting total expenses by ($10k) in F2019. To report on a cash basis, Ci adjusted for deferred revenue, affecting revenue in the amount of ($57k) in F2021, ($415k) in F2020, and $59k in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 780-425-5379