Variety - The Children's Charity of BC
Burnaby, BC V5C 6C6
Acting Executive Director: Dave McConachie
President: Bill Senghera
Charitable Reg. #: 10816 8709 RR0001
Grade: CThe 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 #26
Avg. Compensation $67,476
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||4|
|$40k - $80k||5|
About Variety - The Children's Charity of BC:
Founded in 1965, Variety - The Children's Charity of BC (also known as the Variety Club of British Columbia) is focused on children in BC who have special needs. It raises funds and provides grants to individuals and organizations for equipment, supplies and programs. The charity provides grants for life-saving health care and services (Variety Cares), life-changing mobility and communication equipment (Variety Freedom), and life-enriching education and experiences (Variety Future). Variety also runs Sunshine Coaches, which provide specially equipped vans for children's organizations.
Variety BC also administers the BC Family Residence Program on behalf of the Ministry of Health/Government of BC to provide accommodation assistance for families while a child requires medical care at BC Children’s Hospital or Sunny Hill Health Centre for Children. Accommodation arrangements are provided at convenient locations in the Vancouver/Richmond area for families with a child, aged 18 years and under, including premature babies and newborns, with other health concerns. The program provides accommodation assistance to a family for one room for up to 30 days per medical visit.
Fundraising costs were 43% of donations and administrative costs were 17% of revenue in F2014. The charity has funding reserves of $14.5m (including $754k of donor-endowed funds), which cover annual program costs 2.5 times.
Financial RatiosFiscal year ending September
|Administrative costs as % of revenues||17.0%||20.5%||16.5%|
|Fundraising costs as % of donations||43.4%||34.7%||36.6%|
|Program cost coverage (%)||254.1%||255.9%||378.6%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(566)||(2,448)||(604)|