Canadian Olympic Foundation
Toronto, ON M4T 1L9
Treasurer: Rikesh Shah
President: Tricia Smith
Charitable Reg. #: 81772 9346 RR0001
Grade: B-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 #7
Avg. Compensation $86,889
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||2|
|$40k - $80k||4|
About Canadian Olympic Foundation:
Founded in 2007, the Canadian Olympic Foundation is the fundraising arm of the Canadian Olympic Committee. The foundation raises funds for Canadian Olympic teams, the next generation of Olympic athletes and the Canadian sport system. In F2015, the foundation granted $4.6m to the Canadian Olympic Committee: 41% to National Sport Organizations, 32% to Olympic Games Preparation, 16% to the Canadian Olympic and Paralympic Sport Institute, 4% to Game Plan, 3% to Canada Games Council, and 3% to Endowment Grants.
In 2015, Canadian Olympic Foundation launched an integrated brand campaign in conjunction with the Toronto 2015 Pan American Games. The campaign resulted in 6.2 million media impressions, 200% increase in web traffic, more than 800 new donors and an additional $30,000 in donations .
Established in 2004, Gold Medal Plates is the foundation's largest fundraising campaign which supports Canadian athletes to live, train, and prepare for Olympic competitions. The campaign raised more than $1m in 2015 alone and nearly $11 million since 2004.
In terms of ranking, Canadian Olympic Committee set the goal for Canada to rank 12th in medal count in the London 2012 Summer games. Canada fell short and ranked 18th. Canada is sending a team of 313 athletes to the XXXI Olympics in Rio. The chair of Own the Podium, John Furlong, is striving for a top 12 ranking, while Infostrada Sports predicts that Canada will win 18 medals in Rio and finish 16th overall in medal count . Go Canada!
In F2015, Canadian Olympic Foundation spent 15% of revenues on fundraising and administrative costs combined, which is within Charity Intelligence’s reasonable range. The foundation is consistently cost efficient from F2013 to F2015. The charity has funding reserves of $13.6m, including $3.1m of donor-endowed funds. The total funding reserve can cover annual grants for 3 years or 2.3 years excluding donor-endowed funds.
In F2015, the foundation moved $8.7m of current assets into investments, incurring $516k of unrealized loss and $34k of investment management fees.
Analysis conducted by Ruoxi Gao in 2016, currently under review by Canadian Olympic Foundation. Changes and edits may be forthcoming.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||7.8%||8.1%||8.5%|
|Fundraising costs as % of donations||7.2%||8.5%||12.0%|
|Program cost coverage (%)||294.3%||161.1%||105.9%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||4,819||2,258||3,663|