Variety - The Children's Charity of BC

4300 Still Creek Drive
Burnaby, BC V5C 6C6
Acting Executive Director: Dave McConachie
President: Bill Senghera

Charitable Reg. #: 10816 8709 RR0001
Sector: Social Services - Youth
Operating Charity

Donor Accountability

Grade: C

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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #26

Avg. Compensation $67,476

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 0
$80k - $120k 4
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

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.

Financial Review:

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 Ratios

Fiscal 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 Statements

All figures in $000s
Donations 6,1336,1616,159
Government funding 2,50000
Lotteries (net) 286297658
Other income 468538676
Total revenues 9,3876,9967,493
Program costs 4,4134,5654,605
Grants 1,2781,3070
Administrative costs 1,5991,4361,239
Fundraising costs 2,6622,1362,253
Cash flow from operations (566)(2,448)(604)
Funding reserves 14,45715,03017,433
Note: Ci adjusted revenues for loss on sale of disposable assets, increasing revenues by $633 in F2014 and $29.5k in F2012.

Comments added by the Charity:

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