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

Charitable Reg. #:11883 4696 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/4]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

A

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

Good

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

77%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.



My anchor

Programs

About Indspire:

Founded in 1985, Indspire helps Indigenous students in Canada complete their post-secondary education by providing bursaries and scholarships. Indigenous people are under-represented in post-secondary education, with only 10% of Indigenous students completing university degrees compared to 27% of other Canadian students. Lack of funding is the most significant barrier to completing post-secondary education for indigenous people. The Centre for the Study of Living Standards estimates that greater achievement in higher education for Indigenous peoples would increase their annual income by $11,236 by 2031 and that closing the education gap for Indigenous students in Canada would cumulatively increase Canadian GDP by $261 Billion by 2031. The charity’s head office is in Ohsweken, Ontario.

A Charity Intelligence 2018 Top 10 Canadian Impact Charity

Building Brighter Futures (BBF) is Indspire’s largest program, representing 68% of program costs in F2018. Through BBF, Indspire grants bursaries, scholarships and awards to Indigenous students who need financial aid to complete their post-secondary education. BBF funded 4,942 students in F2018, a 31% increase since F2017, disbursing $14.2 million. Building Brighter Futures represents the largest scholarship and bursary program for Indigenous students in Canada aside from the Government of Canada. 37% of applicants were majoring in STEM, Education, or Humanities programs. The two most popular areas of study for students receiving funding were education and nursing.

The K-12 Indspire Institute connects educators with programs, resources and tools to improve the educational outcomes of Indigenous students. There are more than 1000 educational tools online for teachers, students and parents of the Indigenous community. K-12 Indspire Institute costs made up 16% of program costs in F2018. The charity also holds an annual National Gathering for Indigenous Education for educators and partners from across Canada to share experiences and strategies for educating Indigenous students. In F2018, the gathering took place in Montreal and had 912 attendees.

Indspire runs two education mentorship programs for Indigenous students; Rivers to Success and Peer Support. In F2018, education represented 13% of program costs. Rivers to Success is a national mentorship program for Indigenous students with two streams. The post-secondary stream matches Indigenous students with career professionals. The high school stream, launched in F2017, connects high school students with post-secondary students to encourage successful high school completions. Peer Support is a mentorship and coaching program for educators of Indigenous students. It connects teachers based on subjects they teach and offers online support through webinars. In F2018, the program had 344 participants.

Soaring is Indspire's Indigenous Youth Career Conference program, which educates high school students about possible career and post-secondary education options. The conferences made up 3% of program costs in F2018 and hosted over 900 high school students and their chaperones.

My anchor

Results and Impact

The charity reports that in F2018, 90% of students who were supported by Indspire’s BBF program graduated and over 50% of these grads will pursue an additional degree or diploma.

Charity Intelligence scores Indspire as Good impact based on its demonstrated impact per dollar spent.

A Charity Intelligence 2018 Top 10 Canadian Impact Charity

Impact Rating: Good

My anchor

Finances

Indspire is a Large charity with total donations and goods-in-kind revenues of $9.6m in F2018. Administrative costs are 10% of revenues (excluding investment income), and fundraising costs are 13% of donations, excluding goods-in-kind. For every dollar donated, $0.77 goes towards Indspire’s programs, which is within Ci's reasonable range for overhead spending. The charity holds funding reserves of $30.6m, of which $26.3m are donor-endowed. Excluding donor-endowed funds, Indspire’s funding reserves can cover 5 months of annual program costs.

Indspire reports using external fundraisers as part of its fundraising activities. In F2018, Indspire paid external fundraisers $13k that raised $29k. For every dollar Indspire raised from external fundraisers, it paid $0.44 to the third party.

This charity report is an update that has been sent to Indspire for review. Changes and edits may be forthcoming.

Updated on August 6, 2019 by Caroline McKenna.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 9.9%10.4%12.3%
Fundraising costs as % of donations 13.2%13.9%18.3%
Total overhead spending 23.2%24.3%30.6%
Program cost coverage (%) 147.4%162.7%147.8%

Summary Financial Statements

All figures in $000s
201820172016
Donations 9,4558,2106,050
Goods in kind 172329157
Government funding 14,52111,9688,059
Business activities (net) 600525525
Investment income 8882,796(872)
Other income 316160706
Total revenues 25,95223,98714,624
Program costs 6,5216,3615,830
Grants 14,24811,56312,587
Administrative costs 2,4912,2051,912
Fundraising costs 1,2501,1381,107
Cash flow from operations 1,4422,720(6,812)
Capital spending 00133
Funding reserves 30,60629,16427,224

Note: Unrealized gain (loss) on restricted fund of ($710k) in F2018, $1.3m in F2017, and ($2.1m) in F2016 is included in investment income. Unrealized gain (loss) on operating fund of ($53k) in F2018, $121k in F2017, and ($119k) in F2016 is included in investment income. Ci has reported investment income, affecting total revenues by $1.5k in F2018, $1.2 in F2017, and $1.2m in F2016. Donations to the restricted fund were included in donations, increasing revenues by $803k in F2018, $164k in F2017, and $58k in F2016. License fees earned of $600k in F2018, $525k in F2017, and $525k in F2016 are reported gross of expenses in business activities revenues. Tickets and donations revenues of $1.5k in F2018, $1.3m in F2017, and $1.2m in F2016 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 ($123k) in F2018, ($93k) in F2017 and $642k in F2016 which has been included in program spending. Ci backed out awards and scholarships of $13.9m in F2018, $11.6m in F2017, and $12.6m in F2016 from program costs and included these figures in grants. Amortization was backed out of program, administrative and fundraising costs on a pro rata basis.

Salary Information

Full-time staff: 41

Avg. Compensation $77,642

Top 10 staff salary range

$350k +
0
$300k - $350k
1
$250k - $300k
0
$200k - $250k
1
$160k - $200k
1
$120k - $160k
2
$80k - $120k
5
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.indspire.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

Print