You may also like:
Robb Nash Project
Engaging young people through the power of music and words
Social Services - Youth
Winnipeg, MB

Regent Park School of Music

585 Dundas Street East, Suite 220
Toronto, ON M5A 2B7
Executive Director: Richard Marsella
Board Chair: Martin Abel

Website: www.rpmusic.org
Charitable Reg. #: 87211 6025 RR0001
Sector: Social Services - At-Risk Youth
Operating Charity

Results Reporting

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¢
2016 2017 2018
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #3

Avg. Compensation $61,498

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 2
< $40k 0
Information from most recent CRA Charities Directorate filings for F2018

About Regent Park School of Music:

Founded in 1999, Regent Park School of Music (RPSM) offers affordable music lessons to kids from low-income families in two Toronto neighborhoods: Regent Park and Jane & Finch. Kids aged 3-18 can take group, ensemble, and/or private lessons that teach concepts like rhythm, melody, harmony, and tone, and aim to encourage creativity. RPSM subsidizes program costs based on household income, and loans instruments and music books to its students for free. The charity also runs summer day camps in July and August.

Regent Park School of Music had 1,000 students in its music education programs in 2018. This included 500 students in Regent Park programs, 166 students in Jane & Finch programs, 165 students at First Nations School of Toronto, 112 kids in summer camps, and 47 students in programs for kids with special needs. Per student, operating cost less amortization is $1,335. RPSM states that it ran over 40,000 hours of music education in 2018 and its students performed at 75 events during the year.

Results and Impact: Regent Park School of Music reports that its programs help students build self-esteem, grow into confident leaders, and be well-equipped to succeed in life. In F2018, 10 students graduated from RPSM, all of which are expected to attend college or university.

Financial Review:

Charity Intelligence consolidated the financial statements from the Regent Park School of Music operating charity and Regent Park School of Music Foundation.

Regent Park School of Music is a medium-sized charity with donations and special events revenue of $1.7m in F2018. Administrative costs are 21% of revenues and fundraising costs are 4% of donations. For every $1 donated, 75 cents go to the cause, falling within Ci’s reasonable range for overhead spending. RPSM has $3.5m in funding reserves of which $190k is donor-endowed. Excluding donor-endowed funds, the charity could operate programs for 3.4 years using funding reserves.

This charity report is an update that has been sent to Regent Park School of Music for review. Changes and edits may be forthcoming.

Updated on March 19, 2019. Financial analysis by Kate Bahen. Results reporting analysis by Katie Khodawandi.

Financial Ratios

Fiscal year ending June
201820172016
Administrative costs as % of revenues 20.6%22.6%25.9%
Fundraising costs as % of donations 4.3%5.5%6.6%
Program cost coverage (%) 355.2%324.7%289.3%

Summary Financial Statements

All figures in $s
201820172016
Donations 1,690,3341,313,9841,069,749
Government funding 28,00052,50035,000
Fees for service 88,33088,45688,158
Special events 7,3495,8968,388
Investment income 150,424156,27968,687
Other income 940(4,570)3,418
Total revenues 1,965,3771,612,5451,273,400
Program costs 960,983871,299833,432
Grants 20,00020,00020,000
Administrative costs 374,024329,523312,011
Fundraising costs 73,37072,60771,547
Cash flow from operations 537,000319,11636,410
Funding reserves 3,484,7762,893,9632,469,000
Note: Ci omitted amortization of deferred capital contributions, affecting total revenue by ($750) in F0218, ($1.1k) in F2017 and ($1.5k) in F2016.  

Comments added by the Charity:

No comments have been added by charity
Go to top