The Royal Ontario Museum
Toronto, ON M5S 2C6
Director & CEO: Josh Basseches
Board Chair: Bonnie Brooks
Charitable Reg. #: 13628 2126 RR0001
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #354
Avg. Compensation $87,787
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||2|
|$200k - $250k||0|
|$160k - $200k||4|
|$120k - $160k||3|
|$80k - $120k||0|
|$40k - $80k||0|
About The Royal Ontario Museum:
Founded in 1914, the Royal Ontario Museum (ROM) showcases the world’s art, culture and nature from around the globe and across the ages. It is Canada's largest museum with a collection of more than six million objects and specimens, featured in 40 gallery and exhibition spaces. Its mission is “to inspire wonder and promote learning by sharing the stories of the unique collections that the ROM cares for on behalf of the people of Ontario; to be a champion for the natural and cultural worlds; to serve as a forum for our diverse communities; and to create knowledge that contributes to a better future.”
The Museum’s collection currently has more than six million objects, and continues to grow. The ROM also features many highly popular temporary exhibitions, such as the Chihuly. The Museum offers many educational and public programs such as the ROM Summer Club and Friday Night Live. It also participates in many research and community projects focusing on natural history, world culture, and textiles and fashion. In F2016, research across 27 countries resulted in 97 academic publications and 5 published books.
In F2017, the Royal Ontario Museum welcomed 1.4m visitors, including 110,000 visiting students. The ROM also made several discoveries and acquisitions in F2016. Over the year, it acquired 3 new Martian meteorites, bringing the museum total to 22. The ROM collection of Martian meteorites account for a quarter of all known meteorites from Mars. Other acquisitions include a Greek coin, Tuareg shield, and 2 Barcelona chairs created in the late 1920s.
Exhibitions in F2016 included Pompeii: In the Shadow of the Volcano, which featured over 200 objects excavated from Pompeii and was viewed by 274,000 people. The ROM also hosted Wildlife Photographer of the Year which featured 100 photos selected from thousands of submissions. The Travelling Planetarium is an exhibition that travelled to 10 locations throughout F2016 and reached 3,775 people. The exhibit projects the galaxy in an enclosed, inflatable dome and teaches communities across Ontario about the wonders of space.
Some ROM collections on are currently on loan across the world for the purposes of research or exhibition. In F2016, the ROM loaned 384 items, including 5 meteorite samples currently at Curtin University in Perth Australia and 53 Burgess Shale specimens at the University of Cambridge, England.
The Royal Ontario Museum Governors is the fundraising arm of the museum. It is a Major 100 charity with $17.6m in donations and special events fundraising in F2016. The museum also received $27.4m in provincial government grants (39% of total revenues) and $22.4m in fees for service (32%), which include revenues from museum admissions, programs and ancillary services. Administrative costs were 9% of revenues and fundraising costs were 22% of donations. For every $1 donated, 69 cents went to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending.
ROM has $19.7m in net funding reserves, which includes $51.5m in liquid assets and ($31.8m) in loans payable. Funding reserves also include $29.6m in donor-endowed funds. Excluding these, the ROM has net funding reserves of ($9.9m).
The Royal Ontario Museum Governors uses external fundraisers to collect donations through telemarketing. In F2016, $88k was paid to external fundraisers to collect $214k in donations. As such, for every $1 raised by external fundraisers, the ROM paid 41 cents to the fundraiser.
This charity report is an update that is currently being reviewed by the Royal Ontario Museum. Changes and edits may be forthcoming.
Updated on August 25, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||9.5%||10.8%||9.3%|
|Fundraising costs as % of donations||21.8%||15.1%||24.5%|
|Program cost coverage (%)||39.3%||46.3%||12.5%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||1,518||782||1,159|
|Fees for service||22,438||18,370||17,524|
|Cash flow from operations||8,178||24,697||16,252|