Dreams Take Flight
Dorval, QC H4Y 1J2
President: Bev Watson
Vice President: Kyle Chrystian
Charitable Reg. #: 88657 7857 RR0001
Grade: DThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Impact Rating: Low
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 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).
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 RatiosFiscal year ending December
|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 StatementsAll figures in $s
|Business activities (net)||(2,032)||6,171||6,688|
|Cash flow from operations||578,156||310,665||355,949|