The Royal Ontario Museum

100 Queens Park
Toronto, ON M5S 2C6
Director & CEO: Josh Basseches
Board Chair: Bonnie Brooks

Website: www.rom.on.ca
Charitable Reg. #: 13628 2126 RR0001
Sector: Arts & Culture
Public Foundation

Donor Accountability

Grade: B

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

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #354

Avg. Compensation $87,787

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 2
$200k - $250k 0
$160k - $200k 4
$120k - $160k 3
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

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.

Financial Review:

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 Ratios

Fiscal year ending March
201620152014
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 Statements

All figures in $000s
201620152014
Donations 17,04626,68317,152
Goods in kind 1,5187821,159
Government funding 27,43927,52627,486
Fees for service 22,43818,37017,524
Special events 5401,906924
Investment income (909)6,4654,327
Other income 2,3442,1764,635
Total revenues 70,41683,90873,207
Program costs 50,29345,06344,426
Administrative costs 6,7378,3476,398
Fundraising costs 3,8384,3254,420
Other costs 1,3701,4761,711
Cash flow from operations 8,17824,69716,252
Funding reserves 19,74020,8585,554
Note: Ci has consolidated the financial statements of The Royal Ontario Museum and The Royal Ontario Museum Foundation. As such, transfers between the two organizations were not included in the financial analysis. Ci did not include amortization of deferred capital contributions in revenues and instead included contributions received for capital asset purchases, affecting revenues by ($6.4m) in F2016, ($2.4m) in F2015, and ($4.5m) in F2014.

Comments added by the Charity:

 

 

 

 

Sources: ROM sets new attendance record for year ending March 2017 with 1.35m visitors, up 23% over F2016. Big F2017 draws were the glass art works of Dale Chihuly. Numbers for F2018 are strong with the Blue Whale exhibit. http://www.cbc.ca/news/canada/toronto/rom-attendance-1.4095309

 

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