Centre for International Governance Innovation

67 Erb Street West,
Waterloo, ON N2L 6C2
President: Rohinton Medhora
Board Chair: Jim Balsillie

Website: www.cigionline.org
Charitable Reg. #: 89096 3416 RR0001
Sector: Education
Operating Charity

Donor Accountability

Grade: B-

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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #41

Avg. Compensation $126,615

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 1
$200k - $250k 1
$160k - $200k 2
$120k - $160k 0
$80k - $120k 5
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Centre for International Governance Innovation:

The Centre for International Governance Innovation (CIGI) was founded in 2001 by Jim Balsillie, former co-CEO of RIM (Research In Motion), with support from a number of strategic partners, including the Government of Canada and the Government of Ontario. CIGI is an independent, nonpartisan think tank based in Waterloo, Ontario that conducts research, holds conferences, publishes working papers and books, and makes policy recommendations on international governance issues.

CIGI conducts research in three program areas: Global Economy, Global Security and Politics, and International Law. The International Law Research Program was launched in November 2013. CIGI forms networks, advances policy debate and generates ideas for multilateral governance improvements through an active agenda of research, events and publications. CIGI's work in this area helped lay the groundwork for the G20 Leaders' group. CIGI has collaborated with various organizations throughout the world to conduct research and organize conferences.

Financial Review:

In F2014, CIGI received a $30m donation from a private donor, increasing revenues to $43m. In F2014, fundraising and administrative costs were 9% of total revenues (less investment income). Due to the lack of donations in F2013, fundraising and administrative costs exceeded non-investment income. CIGI has funding reserves of $155m (including donor-endowed funds of $56m) which cover annual program costs 16 times (14.5 times excluding donor-endowed funds).

This charity report is an update that is being reviewed by CIGI. Changes and edits may be forthcoming.

Updated June 08, 2015 by Mikhil Mahore.

Financial Ratios

Fiscal year ending July
Fundraising & admin costs as % of revenues 9.4%417.7%73.3%
Program cost coverage (%) 1,604.6%1,510.3%1,293.6%

Summary Financial Statements

All figures in $000s
Donations 30,00003,495
Government funding 4053093
Investment income 11,8517,0414,915
Other income 872666838
Total revenues 43,1287,7379,340
Program costs 9,7128,2589,466
Fundraising & administrative costs 2,9472,9053,244
Cash flow from operations 30,469(3,426)(3,370)
Funding reserves 155,838124,712122,451
Note: CI adjusted investment income for unrealized gain/loss by $1.11m gain in F2014, $4.33m gain in F2013 and $0.75m loss in F2012.

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