50 Generations Drive, Box 5, Suite 100
Ohsweken, ON N0A 1M0
President & CEO: Roberta L. Jamieson
Board Chair: David Gabriel Tuccaro

Charitable Reg. #: 11883 4696 RR0001
Sector: Social Services - First Nations
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A

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

Full-time staff #39

Avg. Compensation $71,840

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 0
$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 F2016

About Indspire:

Founded in 1985, Indspire’s goal is to help Canadian Indigenous students’ complete post-secondary education for a successful future. Indigenous people are under-represented in post-secondary education. Only 10% of Indigenous students have completed university, while the national average is 27%. Indspire recognizes that lack of financial support is the root cause of this problem.

Building Brighter Futures (BBF) is Indspire’s largest program, representing 63% of program costs in F2016. BBF is the largest Canadian non-government scholarship and bursary program for Indigenous students. The program granted $12.2 million to 3,792 students in F2016. 1,248 students received funding between 2000 and 2013. 93% of those students graduated from their post-secondary program, and 82% of these graduates are employed.

Indspire also runs the mentorship programs Rivers to Success and Peer Support for indigenous students. Rivers to Success matches mentors with careers in the student’s field of study to help students with the school-to-work transition. Indspire is expanding the program by 2017 to support and encourage high school students to graduate and pursue post-secondary education. Rivers to Success matched 52 mentors with students in 2015. Peer Support pairs students with teachers based on the subjects they teach. There were 245 participants in 2016.

The K-12 Indspire Institute is an online educational tool for teachers, students, and parents of the Indigenous community. K-12 Indspire Institute costs made up 17% of program costs in F2016. Membership grew by 22% in F2016, from 2,340 to 4,193 members.

Soaring is Indspire's Indigenous Youth Career Conference program. This program educates high school students about possible career and post-secondary education options. Soaring made up 4% of program costs in F2016. Indspire reports that 1,202 students attended the two conferences held during 2016 in Vancouver and London.

Financial Review:

Indspire is a Big-cap charity with total donations and goods-in-kind revenues of $8.7m in F2016. Administrative costs are 11% of revenues and fundraising costs are 13% of donations, excluding goods-in-kind. For every dollar donated, 76 cents go towards the cause, Indspire’s programs, which falls within Ci's reasonable range. The charity holds funding reserves of $27.2m, of which $23.4m are donor endowed. Excluding donor-endowed funds, Indspire’s reserves can only cover 22% of annual program costs, showing a funding need.

This charity report is an update that is currently being reviewed by Indspire. Changes and edits may be forthcoming.

Updated on May 12, 2017 by Kevin Silberberg

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 10.6%7.2%8.6%
Fundraising costs as % of donations 13.0%14.6%17.7%
Program cost coverage (%) 147.8%151.2%178.8%

Summary Financial Statements

All figures in $000s
Donations 8,5527,7335,027
Goods in kind 15736095
Government funding 8,05913,40111,168
Business activities (net) 525525700
Investment income (872)2,3842,094
Other income 706400544
Total revenues 17,12724,80319,629
Program costs 5,8306,7536,222
Grants 12,58714,75110,556
Administrative costs 1,9121,6141,508
Fundraising costs 1,1071,132892
Cash flow from operations (4,309)553451
Funding reserves 27,22432,51430,005
Note: Unrealized gains (loss) of $(2.1m) in F2016, $1.5m in F2015, and $442k in F2014 are included in investment income. License fees earned of $525k in F2016, $525k in F2015, and $700k in F2014 are reported gross of expenses in business activities revenues. Tickets and donations revenues of $1.2m in F2016, $677k in F2015, and $493k in F2014 are included in donations. Ci gathered program, administrative and fundraising figures from the charity’s T3010A CRA filings for all three years of analysis. However, there was a discrepancy of $642k which has been included in program spending. Ci backed out awards and scholarships of $6.3m in F2016, $14.8m in F2015, and $10.6m in F2014 from program costs and included these figures in grants. Amortization was backed out of program, administrative and fundraising costs based on % of total expenses.  

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