Calgary Stampede Foundation
Calgary, AB T2G 2W1
Vice President: Sarah Hayes
Board Chair: Bob Thompson
Charitable Reg. #: 89312 5070 RR0001
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #6
Avg. Compensation $51,530
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||5|
About Calgary Stampede Foundation:
Established in 1994, the Calgary Stampede Foundation runs education, music and performing arts programs for Albertan youth to connect them with their western heritage. The Foundation grants scholarships to young adults for post-secondary education and gives awards to youth for their achievements in the performing arts. Together with the Calgary Stampede, the Foundation has also made numerous investments to restore and operate historic parks and buildings in Calgary in recent years (see financial review below for more information).
The Calgary Stampede Foundation runs numerous youth programs. Its Calgary Stampede Showband music program (39% of program costs in F2017) is comprised of 148 students ages 16 to 21 from Calgary. The program offers these youth diverse opportunities to develop their performance, musicianship and leadership skills. In 2017, the Showband performed 215 times around the world and each student spent an average of 877 hours with instructors.
The Foundation’s Young Canadians School of Performing Arts (32% of program costs in F2017) provides professional training to 128 dedicated Calgary youth each year who want to pursue dance, singing and/or drama. In F2017, the Foundation reports the program put on 31 performances and each student received an average of 600 hours of training.
The Foundation’s third core youth program is the Stampede School education program (9% of program costs in F2017). The Stampede School teaches children in grades 1 to 12 about Alberta’s western culture, agriculture and history with Stampede Park as their classroom for a week. The 2017 Youth Achievement Annual Report notes that the program held 23 classes while teaching 497 students in the 2016-17 school year.
Other youth programs that are run by the Calgary Stampede Foundation include 4-H programs (10% of program costs in F2017) and the OH Ranch Education program (4% of program costs). The Foundation also granted 135 scholarships to students in Alberta in F2017, worth a total of $155,000 (6% of program costs).
Results and Impact: In front of 20,000 spectators, the Calgary Stampede Showband earned a gold medal with distinction in the World Music Contest in Netherlands for its production called Mosaic.
The Calgary Stampede Foundation is a Large charity with donations and special events revenue of $8.0m in F2017. Administrative costs are 5% of revenues and reported fundraising costs of $117k in the charity’s audited financial statements are 1% of donations. For every dollar donated to the charity, $0.94 goes towards its programs, which falls within Ci’s reasonable range for overhead spending. The Foundation has total funding reserves of $28.5m, including $599k of donor-endowed funds. Excluding the Foundation’s donor-endowed funds, the Foundation can cover annual grants and program costs for more than 10 years. This does not indicate a need for donations.
The CEO of the Calgary Stampede, Warren Connell, has reported that the Foundation takes a cautious approach to saving money for the construction of new projects.1 The Foundation often waits until it has enough money to pay for the entire project before it starts building. It is important to note that included in the Foundation’s funding reserves is $16.1m worth of investments which are restricted in the Capital Fund to pay for the future construction of new buildings and facilities.
In 2017, the Calgary Stampede Foundation entered into an agreement with the Calgary Stampede to further develop, maintain and operate ENMAX Park. This is a 16-acre year-round community park along the Elbow River. The Foundation incurred $6.4m in capital costs for construction in the park in F2017.
In 2016, the Calgary Stampede Foundation received and spent $5 million from the Calgary Stampede to finance significant renovations of the TransAlta Performing Arts Studios. Additional agreements have been signed between the Foundation and the Calgary Stampede to support construction of the BMO Amphitheatre, the SAM Centre and Walton Hall. The Foundation paid a total of $3.3m to the Calgary Stampede in F2017 for these projects.
This charity report is an update that has been sent to the Calgary Stampede Foundation for review. Changes and edits may be forthcoming.
Updated on July 24, 2018 by Derek Houlberg.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||4.5%||2.9%||2.7%|
|Fundraising costs as % of donations||1.5%||0.4%||0.1%|
|Program cost coverage (%)||1,033.1%||1,512.0%||1,429.6%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||56||15||6|
|Cash flow from operations||5,507||7,642||8,479|