Calgary Stampede Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
C
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
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.
96%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 96 cents are available for programs.
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OVERVIEW
About Calgary Stampede Foundation:
Calgary Stampede Foundation is a 2-star charity that is financially transparent. It has very low overhead spending which is outside Ci's reasonable range and high funding reserves that can cover six years and seven months of program costs.
Founded in 1994, Calgary Stampede Foundation (CSF) runs education and performing arts programs for youth in Alberta. The charity supports musical groups such as the Calgary Stampede Showband. It also provides a variety of scholarships to youth. The charity runs six major programs: Calgary Stampede Showband; Sam’s Centre; Young Canadians School of Performing Arts; 4-H; Stampede School; and Grants and Scholarships. CSF reports it spent $4.2m on its programs and grants in 2023. The most recent annual report available on the charity’s website at the time of this update is from 2022.
The Calgary Stampede Showband received 30% of program spending. The Showband consists of youth aged 16 to 21 from Calgary and the surrounding area. CSF reports the Showband performs 142 times annually. In 2022 its 141 members received 720 instructional hours.
Sam’s Centre received 30% of program spending. Sam’s Centre shares the story of the Calgary Stampede. It contains exhibits, a digital experience, and an artifact collection space. Sam’s Centre opened in May 2024.
Young Canadians School of Performing Arts received 16% of program spending. The school trains youth in dance, voice, and performance arts. In 2022 it had 372 rehearsals, 560 instructional hours, and 96 members.
4-H programs received 9% of program spending. CSF brings together members from 28 Calgary-area 4-H clubs. In 2022 it ran a series of clinics for 75 youth members.
Stampede School received 7% of program spending. Stampede School teaches students from grades 1-12 in Stampede Park. In 2022 the program held 550 school hours for 554 students.
Grants and Scholarships received 6% of program spending. The charity supports four scholarship funds. It also runs a poster competition that gives $20k in scholarships to eight winners.
The remaining 3% of program spending went to the OH Ranch Education Program and Indigenous Youth Programming.
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Results and Impact
In August 2022, the Showband competed in the Drum Corps International World Championships for the first time. The Showband earned a banner as International Class Champions.
CSF’s Field the Rhythm camp gave 135 youths the chance to explore marching bands and instruments in 2022. This resulted in 43 new registrants for the round-Up Band, 37 new registrants for the Calgary Stetson’s Band, and nine new registrants for the Showband.
While Ci highlights these key results, they may not be a complete representation of Calgary Stampede Foundation’s results and impact.
The charity is not yet rated on impact (n/r).
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Finances
In 2023 Calgary Stampede Foundation received $15.4m in donations. The charity received $3.9m in government funding, representing 17% of total revenues.
Administrative costs are 2% of revenues (excluding investment income). Fundraising costs are 3% of donations excluding donations from related parties. This results in total overhead spending of 4%. For every dollar donated, 96 cents are available to go to the cause. This falls outside Ci’s reasonable range for overhead spending.
In 2023 CSF spent $4.2m on its programs and grants, which is 18% of its revenue. In 2023 it had a surplus of $17.9m and spent $23.4m on capital expenditures.
Calgary Stampede Foundation has $29.2m in reserve funds (cash and investments). Excluding $2.1m in donor-endowed funds, the net funding reserves can cover 662%, or six years and seven months of program costs. CSF has total investments of $12.4m. 55% is in equities, 42% in bonds, and 4% in cash and cash equivalents. In 2023, the annual return on investment for CSF was 24%. Its three-year annual return on investment is 7%.
In 2023, CSF received $3.6m from the Calgary Stampede for its programs. Accounts payable to Calgary Stampede are $2.9m and non-interest bearing. CSF and the Calgary Stampede jointly control ENMAX Park. CSF has a 42% interest in ENMAX Park. In 2019, Calgary Stampede and CSF entered into a five-year sponsorship agreement. In 2023, Calgary Stampede gave CSF $165k under this agreement. Calgary Stampede acts as CSF’s development manager. Project costs incurred by Calgary Stampede are reimbursed by CSF. This includes costs associated with Sam’s Centre.
This charity report is an update that has been sent for review to Calgary Stampede Foundation. Changes and edits may be forthcoming.
Updated on August 22, 2024, by Grady Simpson.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 1.8% | 2.0% | 5.7% |
Fundraising costs as % of donations | 2.6% | 3.0% | 8.7% |
Total overhead spending | 4.4% | 4.9% | 14.4% |
Program cost coverage (%) | 662.1% | 1,189.8% | 1,930.0% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 15,360 | 13,930 | 3,666 |
Goods in kind | 0 | 0 | 0 |
Government funding | 3,935 | 4,788 | 999 |
Investment income | 2,784 | (1,404) | 1,170 |
Other income | 665 | 489 | 441 |
Total revenues | 22,744 | 17,803 | 6,276 |
Program costs | 3,972 | 3,077 | 1,703 |
Grants | 218 | 155 | 109 |
Administrative costs | 368 | 383 | 292 |
Fundraising costs | 301 | 328 | 313 |
Total spending | 4,858 | 3,943 | 2,417 |
Cash flow from operations | 17,886 | 13,860 | 3,859 |
Capital spending | 23,445 | 2,860 | 1,164 |
Funding reserves | 29,156 | 39,308 | 35,052 |
Note: DEFERRED ADJUSTMENT: CSF uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by $61k in 2023, ($228k) in 2022, and $31k in 2021. T3010: The most recent T3010 filing available at the time of this update was from 2022. LOSS ON INVESTMENTS: Ci reported loss on investments as investment income, reducing revenues and expenses by $1.4m in 2022 and $133k in 2021. DONATIONS AND GRANTS TO THE CAPITAL FUND: Ci included donations and grants to the capital fund. This affected revenues by $9.0m in 2023, $7.5m in 2022, and $1.7m in 2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
5 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
The following comment refers to a previous profile update and may no longer be relevant:
Strong Youth. Stronger Community. By creating programs and places for youth to thrive, the Calgary Stampede Foundation creates motivated and engaged young Calgarians, empowered to do amazing things.
Charity Contact
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