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Calgary Stampede Foundation

1410 Olympic Way S.E.
Calgary, AB T2G 2W1
Vice President: Sarah Hayes
Board Chair: Steve Allan

Charitable Reg. #: 89312 5070 RR0001
Sector: Fundraising Organization
Operating Charity

Donor Accountability

Grade: C+

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 available only upon request [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #9

Avg. Compensation $50,118

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 8
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Calgary Stampede Foundation:

Established in 1994, the Calgary Stampede Foundation runs education, music and performing arts programs for Albertan youth to connect them to their western heritage. The charity also grants scholarships to young adults for post-secondary education and gives awards to youth for their achievements in the performing arts.

The Calgary Stampede Foundation ran three core youth programs in F2015. Its Calgary Stampede Showband music program made up 49% of program costs for the year. The charity’s website states that the band currently has 140 members. Major accomplishments include winning world championship titles for three consecutive years in 2012, 2013 and 2014, as well as receiving the John Phillip Sousa Foundation’s Sudler Shield in 2014 for a world-class ensemble performance. The Showband is the first Canadian ensemble to receive the award in its 30-year history.

The Calgary Stampede Foundation’s second core youth program is the Young Canadians School of Performing Arts, which made up 31% of program costs in F2015. The Young Canadians School takes 120 Calgary youth each year who want to pursue dance, singing or the dramatic arts. The charity’s 2014 Report to the Community states that two students in the program made history when they performed solos on the TransAlta Grandstand stage.

The Calgary Stampede Foundation’s third core youth program is the Stampede School education program, which made up 9% of program costs in F2015. The Stampede School teaches children in grades 3 to 12 about Alberta’s western culture, agriculture and history with Stampede Park as their classroom. The Stampede School’s 2015 annual report states that its five-day program held 27 classes and taught 823 kids in the 2014-2015 school year, while its two-day program held 6 classes and taught 183 kids.

The Foundation started up the OH Ranch School in 2014, which is an education program that teaches kids about the history and importance of Alberta’s cattle ranching, proper animal care practices and Alberta’s geography. The OH Ranch School accounted for only 4% of program costs in F2015.

Financial Review:

The Calgary Stampede Foundation is a Big-cap charity with donations and special events revenue of $9.8m in F2015. Administrative costs are 3% of revenues and reported fundraising costs of $13k in the charity’s audited financial statements are less than 1% of donations. Total overhead costs of only 3% fall outside of Ci's reasonable range, possibly due to a lack of disclosure on fundraising costs.   The charity’s funding reserves of $28.1m can cover annual program costs for almost 14 years.

This charity report is an update that is currently being reviewed by the Calgary Stampede Foundation. Changes and edits may be forthcoming.

Updated on June 24, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 2.7%4.1%5.1%
Fundraising costs as % of donations 0.1%0.6%0.3%
Program cost coverage (%) 1,388.9%870.1%879.3%

Summary Financial Statements

All figures in $000s
Donations 9,3515,8553,756
Goods in kind 690
Special events 413621180
Investment income 486534666
Other income 537529386
Total revenues 10,7927,5474,989
Program costs 1,9022,1901,557
Grants 12193109
Administrative costs 277284218
Fundraising costs 134012
Cash flow from operations 8,4794,9403,093
Funding reserves 28,08819,85714,644
Note: Ci did not include amortization of deferred capital contributions, decreasing revenue by $7k in F2015, $7k in F2014 and $7k in F2013. Ci included sponsorship and contributions from the Calgary Stampede in revenues, increasing total donations by $740k in F2015, $925k in F2014 and $837k in F2013. Ci backed out amortization of capital assets from administrative costs, decreasing administration by $7k in F2015, $7k in F2014 and $7k in F2013. Ci included donated tangible capital assets in donated goods in kind.

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