Dreams Take Flight Canada
Dorval, QC H4Y 1J2
President: Bev Watson
Director: Mike Banville
Charitable Reg. #: 88657 7857 RR0001
Grade: FThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
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 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.
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 RatiosFiscal 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 StatementsAll figures in $s
|Business activities (net)||27,707||3,912||8,429|
|Cash flow from operations||468,170||194,016||530,771|