Hockey Hall of Fame

30 Yonge Street
Toronto, ON M5E 1X8
President & CEO: Jeffery Denomme
Board Chair: Lanny McDonald

Charitable Reg. #: 11895 8883 RR0001
Sector: Sports & Recreation
Operating Charity

Donor Accountability

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 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

Cents to The Cause

2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #29

Avg. Compensation $109,149

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 0
$120k - $160k 3
$80k - $120k 6
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Hockey Hall of Fame:

Founded in 1943, the Hockey Hall of Fame and Museum (HHFM) was established to preserve the history of ice hockey and honour the achievements of teams and individuals who made major contributions to the sport. HHFM operates the Hockey Hall of Fame which is a museum that collects and preserves objects and images connected with the game of hockey. It works with members of the Canadian and international hockey community to ensure that the players, builders and officials who have made significant contributions and achievements in the game are honoured. The charity’s museum is in Toronto.

HHFM also offers three levels of educational hockey programs for children ages 4 to 12. The program is designed for teachers and covers a variety of subjects which include history, English, math, business and physical education. All program materials can be downloaded for free.

Financial Review:

The Hockey Hall of Fame and Museum is a medium-sized charity with donations of $2.2m in F2017, a 28% increase compared to F2015. The charity received $3.6m in admission revenue in F2017, which has been steadily increasing since F2013. HHFM also earned a profit of $3.9m from business activities in F2017 which include retail sales, facility renting, licensing and induction celebrations. Administrative costs are 15% of revenues and fundraising costs are 46% of total donations. For every dollar donated, $0.39 goes towards its programs, which falls well outside Ci's reasonable range for overhead spending. The charity holds total funding reserves of $5.0m which can cover 1.1 years of annual program costs.

This charity report is an update that has been sent to the Hockey Hall of Fame and Museum for review. Comments and edits may be forthcoming.

Updated August 9, 2018 by Derek Houlberg.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 15.2%16.8%17.9%
Fundraising costs as % of donations 45.7%51.4%61.8%
Program cost coverage (%) 107.7%65.2%89.5%

Summary Financial Statements

All figures in $000s
Donations 2,1751,7031,475
Fees for service 3,6463,0012,809
Business activities (net) 3,8553,6453,660
Other income 235247247
Total revenues 9,9118,5968,191
Program costs 4,6003,8753,716
Administrative costs 1,5031,4471,467
Fundraising costs 993876911
Cash flow from operations 2,8152,3982,097
Funding reserves 4,9562,5273,326
Note: Ci has reported business activities (which include retail, facility sales, licensing and induction celebration) net of expenses, decreasing total revenues and expenses by $7.0m in F2017, $6.3m in F2016 and $6.1m in F2015. Ci has reported miscellaneous revenue net of miscellaneous expenses, decreasing total revenues and expenses by $412k in F2017, $482k in F2016 and $378k in F2015.

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