Dreams Take Flight

P.O. Box 7000 Airport Station
Dorval, QC H4Y 1J2
President: Bev Watson
Vice President: Kyle Chrystian

Website: www.dreamstakeflight.ca
Charitable Reg. #: 88657 7857 RR0001
Sector: Social Services - Youth
Operating Charity

Donor Accountability

Grade: D+

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 available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

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 F2015

About Dreams Take Flight:

Founded in 1989 by a group of Air Canada employees, Dreams Take Flight (DTF) is a charity that provides one-day trips to Walt Disney World or Disney Land in partnership with Air Canada for physically, mentally or socially challenged children. The goal is to help the kids forget their troubles for one day and provide them a day of fun and memories. DTF flies children that are between 6 and 12 years old, financially unable to travel to Disney, and have never been to Walt Disney World or Walt Disney Land before. DTF has chapters in Vancouver, Edmonton, Calgary, Winnipeg, Toronto, Ottawa, Montreal and Halifax.

DTF is reportedly a volunteer-run organization and did not list any paid full-time or part-time staff in its T3010 filing to the CRA.

Donor Advisory: Dreams Take Flight does not publicly provide its audited financial statements; these are only available through an information request with Canada's Charities Directorate. The most recent financial statements provided are for the year ending 2015. The financial statements provided are not finalized, signed or dated, but rather a draft (see link).

Financial Review:

Dreams Take Flight is a medium-sized charity with donations of $2.0m in 2015. Administrative costs are 5% of revenues and fundraising costs are 18% of donations. For every dollar donated, 77 cents goes to the cause. Yet factoring in the surplus (operating cash flow) of $578k, for every dollar donated to Dreams Take Flight, only 55 cents went to the cause in 2015. 

DTF states that donated funds not required for the primary purpose of these trips can be gifted by DTF to other registered charities that benefit physically and mentally challenged children. Despite recording a surplus every year since F2010 ($578k in 2015), no donations to other registered charities were recorded. Instead, large surpluses have been consistently banked. In 2015, DTF's funding reserves have grown to just under $4 million. These funding reserves cover the annual costs of flying children for 3.6 years.

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

Updated on June 6, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending December
201520142013
Administrative costs as % of revenues 4.6%7.7%7.9%
Fundraising costs as % of donations 17.8%23.7%12.9%
Program cost coverage (%) 361.6%363.2%304.6%

Summary Financial Statements

All figures in $s
201520142013
Donations 2,017,1281,572,3591,569,577
Business activities (net) (2,032)6,1716,688
Investment income 42,69122,17336,610
Other income 179,353278,993178,146
Total revenues 2,237,1401,879,6961,791,021
Program costs 1,100,880968,5411,009,853
Administrative costs 100,868143,208137,648
Fundraising costs 358,137372,561203,099
Other costs 99,09984,72184,472
Cash flow from operations 578,156310,665355,949
Funding reserves 3,980,2663,517,6633,075,811
Note: Ci presented merchandise sales net of expenses, adjusting revenues and expenses by ($4k) in F2015, ($5k) in F2014, and ($4k) in F2013.

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