Fora: Network for Change
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.
A-
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.
72%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 72 cents are available for programs.
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OVERVIEW
About Fora: Network for Change:
Fora: Network for Change is a 4-star charity with a good results reporting grade. It is financially transparent and its overhead costs are within Ci's reasonable range for overhead spending.
Founded in 2009, Fora: Network for Change, formerly known as G(irls) 20, aims to promote women and gender-diverse young people by training them in leadership skills and placing them in positions of power. Its two programs are its global summit and its Girls on Boards Program.
Its global summit started as a way for young women to speak directly to G20 leaders before the G20 summit. Fora gives its delegates a week of leadership training before its 1-day summit. The delegates write a communique together and present it to G20 leaders at the summit. In F2020, it selected 27 delegates, and an additional 900 people attended the summit. In total 47 countries were represented.
Fora's Girls on Boards program takes 30 young women, gives them 3 days of leadership training, and then matches them to non-profits where they serve as a voting board member for a year. F2020 was the first year in which all 30 participants were successfully matched to boards. In addition to the 30 women in the program, 180 other people attended the leadership training conference.
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Results and Impact
Fora ran a survey before and after each of its programs to measure its effect on women’s leadership skills.
In its summit program, the proportion of women reporting that they felt “confidence in reaching their goals as a young leader” went from 48% to 82%. The proportion who felt “confidence in pitching themselves and their ideas” went from 34% to 66%.
In the Girls on Boards program, the proportion of women who felt highly confident in calling themselves leaders went from 38% to 58%. The proportion who felt deserving of a director position went from 29% to 63%.
While Ci highlights these key results, they may not be representative of Fora's results and impact.
Fora's demonstrated impact has not yet been rated (n/r).
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Finances
Fora is a small charity. In F2020, it received $425k in donations. It also received $269k in government funding, making up 39% of total revenues. Administrative costs were 18% of revenues and fundraising costs were 10% of donations. This results in total overhead spending of 28%. For every dollar donated, 72 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Fora has $461k in funding reserves which could cover 1.3 years of annual program costs.
This charity report is an update that has been sent to Fora: Network for Change for review. Changes and edits may be forthcoming.
Updated August 26, 2021 by Asha McMullin.
Financial Review
Fiscal year ending December
|
2020 | 2019 | 2018 |
---|---|---|---|
Administrative costs as % of revenues | 17.7% | 10.8% | 14.0% |
Fundraising costs as % of donations | 10.3% | 9.0% | 10.6% |
Total overhead spending | 28.0% | 19.7% | 24.6% |
Program cost coverage (%) | 125.7% | 68.3% | 42.1% |
Summary Financial StatementsAll figures in $s |
2020 | 2019 | 2018 |
---|---|---|---|
Donations | 425,004 | 646,246 | 403,231 |
Government funding | 269,292 | 211,724 | 153,526 |
Total revenues | 694,296 | 857,970 | 556,757 |
Program costs | 366,859 | 552,173 | 477,050 |
Administrative costs | 122,949 | 92,470 | 77,749 |
Fundraising costs | 43,785 | 57,862 | 42,864 |
Total spending | 533,593 | 702,505 | 597,663 |
Cash flow from operations | 160,703 | 155,465 | (40,906) |
Capital spending | 0 | 2,722 | 0 |
Funding reserves | 461,308 | 377,229 | 200,800 |
Note: Ci adjusted for deferred donations to report on a cash basis. This affected revenues by $59k in F2020, $113k in F2019, and ($25k) in F2018.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
3 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2019
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Comments & Contact
Comments added by the Charity:
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