Kinsmen Care Foundation

4611-8A Street N.E.
Calgary, AB T2E 8R2
Executive Director: Bob Wallace
Board Chair: Robin Stanton

Website: www.stampedecitykinsmen.com/foundation.html
Charitable Reg. #: 89319 2567 RR0001
Sector: Fundraising Organization
Public Foundation

Social Results Reporting

Grade: D+

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 through official request for information from Canada Revenue Agency [ 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 F2011

About Kinsmen Care Foundation:

Founded in 1992, the Kinsmen Care Foundation exists to positively address the needs of its community with fundraising efforts, through creative projects, and the establishment of a financial base, from which it can respond to the community's current and emerging needs. The Foundation is affiliated with the Stampede City Kinsmen, one of 500 Kin clubs in Canada. Kin Canada is a community-based organization that hosts and sponsors events and community service projects.

The Foundation's sole initiative is to raise funds through an annual lottery for the Alberta Children's Hospital Foundation (ACHF). All of the Foundation's grants in the fiscal years reported below have been to the ACHF. In F2011, the lottery earned $4.4m in gross revenue and incurred $4.0m in expenses.

Financial Review:

The Foundation's financial statements are unaudited. Administrative costs are 6% of revenue and the Foundation reported no fundraising costs outside of lottery-related fundraising. The Foundation has funding reserves of $350k, which cover 77% of annual program costs. The Foundation reported no compensation costs in any of its operating years.

Financial Ratios

Fiscal year ending December
201120102009
Administrative costs as % of revenues 5.6%2.8%3.8%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 76.7%42.6%41.2%

Summary Financial Statements

All figures in $s
201120102009
Donations 75016,9190
Lotteries (net) 470,267739,979850,544
Other income 7,8007,800106,276
Total revenues 478,817764,698956,820
Grants 456,788838,220963,687
Administrative costs 26,66521,29636,201
Fundraising costs 000
Cash flow from operations (4,636)(94,818)(43,068)
Funding reserves 350,471357,412397,065
Note: Other revenue consists of operating expenses recovery and GST rebates.

Comments added by the Charity:

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