Hockey Hall of Fame
Toronto, ON M5E 1X8
President & CEO: Jeffery D. Denomme
Board Chair: Lanny McDonald
Charitable Reg. #: 11895 8883 RR0001
Grade: C-The 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 #29
Avg. Compensation $97,543
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||7|
|$40k - $80k||0|
About Hockey Hall of Fame:
Founded in 1943, the Hockey Hall of Fame and Museum was established to preserve the history of ice hockey and honour the achievements of teams and individuals who made major contributions to the sport. Its museum holds exhibits about players, teams, National Hockey League (NHL) records, memorabilia and NHL trophies. The charity works with members of the Canadian and international hockey communities to promote the game of hockey both in Canada and abroad. The charity conducts education programs on hockey at junior, intermediate, and senior levels. In F2015, despite spending 62% of donations on fundraising, only 18% of F2015 revenue came from donations, and the rest came from its retail store, ticket sales, licensing and other business activities and fees for services.
In F2015, the Hockey Hall of Fame and Museum spent 17% of revenues on administrative costs and 62% of donations on fundraising costs. Total overhead costs of 79% fall well outside of Ci's reasonable range. Fundraising costs as a percentage of donations raise dramatically from 35% in F2013 to 62% in F2015 due to fundraising costs increasing by 30% yet donations fell 25%.
The foundation has funding reserves of $3.3m, which can cover annual programs for 10 months. Program cost coverage increased from 6 months to 11 months due to an 80% increase in net surplus from $1.2m in F2013 to $2.1m in F2015.
Analysis updated by Ruoxi Gao in 2016, currently under review by the Hockey Hall of Fame.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||16.7%||17.1%||17.5%|
|Fundraising costs as % of donations||61.8%||45.7%||35.3%|
|Program cost coverage (%)||87.2%||55.4%||46.4%|
Summary Financial StatementsAll figures in $000s
|Fees for service||5,524||4,888||4,546|
|Business activities (net)||945||973||771|
|Cash flow from operations||2,097||1,436||1,165|