Dreams Take Flight Canada

P.O. Box 7000 Airport Station
Dorval, QC H4Y 1J2
President: Bev Watson
Director: Mike Banville

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

Social Results Reporting

Grade: F

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 upon request [ Audited financial statement for most recent year ]

Program Cost Coverage

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 F2012

About Dreams Take Flight Canada:

Founded in 1989 by a group of Air Canada employees, Dreams Take Flight Canada (DTFC) is a charity that provides 1-day trips to Walt Disney World or Disney Land in partnership with Air Canada for physically, mentally or socially challenged children. The children that DTFC supports must be 6-11 years old, financially unable to travel to Disney, and must never have been to Walt Disney World or Walt Disney Land before. DTFC has chapters in Vancouver, Edmonton, Calgary, Winnipeg, Toronto, Ottawa, Montreal and Halifax. DTFC reports that donated funds not required for the primary purpose of these trips can be gifted by DTFC to other registered charities that benefit physically and mentally challenged children. DTFC did not list any paid full-time or part-time staff in its T3010 filing to the CRA.

DONOR UPDATE 2016: Charity Intelligence has tried to contact Dreams Take Flight for an update because this profile is very popular on Charity Intelligence's website. However, Charity Intelligence is not able to update this report at this time due to lack of financial statements. The charity's CRA T3010 filing for 2014 reports donations and fundraising revenues of $1.6m.

Financial Review:

Only the balance sheet of DTFC's financial statements is audited; revenues and expenses are unaudited and therefore may be incomplete or inaccurate. In F2012, DTFC's reported administrative costs were 5% of revenues, while fundraising costs were 12% of donations. DTFC had funding reserves of $2.8m, which cover annual program costs 3.2 times.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 5.2%5.4%5.1%
Fundraising costs as % of donations 11.8%11.8%9.6%
Program cost coverage (%) 316.6%248.1%303.2%

Summary Financial Statements

All figures in $s
Donations 1,541,7091,441,3621,578,295
Business activities (net) 27,7073,9128,429
Investment income 15,7288,11616,229
Other income 155,264116,15212,622
Total revenues 1,740,4081,569,5421,615,575
Program costs 879,838948,009745,741
Administrative costs 89,52983,76382,351
Fundraising costs 182,371169,738151,539
Other costs 120,500174,016105,173
Cash flow from operations 468,170194,016530,771
Funding reserves 2,785,7852,351,5642,261,248
Note: Ci presented merchandise sales net of expenses, adjusting revenues and expenses by ($10k) in F2012, ($21k) in F2011, and ($17k) in F2010.

Comments added by the Charity:

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