Visions of Science
Toronto, ON M5A 3B7
Executive Director: Dr. Eugenia Duodu
Board Chair: Dr. Hooley McLaughlin
Charitable Reg. #: 86104 3370 RR0001
Grade: B-The 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 #1
Avg. Compensation $28,753
Top 10 Staff Salary Range
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About Visions of Science:
Founded in 2004, and registered as a charity in 2015, Visions of Science (VOS) is one start-up charity to pay attention to. First, it clearly defines the problem: children in poor
VOS’s Community STEM Clubs are Saturday morning science clubs in 25 community housing
In-school enrichment: Working inside a priority public school, Ryerson graduate students in STEM research fields mentored 8 students in
Starting in 2017, Visions of Science is introducing a new program to provide students in grades 8-12 more advanced and immersive hands-on opportunities in STEM.
Visions of Science is a small newly-registered charity. Donations in 2016 are only $92k. VOS’s audited financial statements do not provide a breakdown of costs for management and administration, as such Charity Intelligence estimates administrative cost are 6% of total revenues with fundraising costs 10% of donations. For every dollar donated, 85 cents go to the cause, showing good cost-efficiency and well within what Charity Intelligence deems a reasonable range. As a start-up charity, these financial metrics will likely bounce around in the following growth years. VOS has funding reserves of $17k relative to its 2016 program costs of $181k showing a need for funding.
VOS’s annual report is well worth reading. Its donor accountability score of B is largely due to it being a new charity without year-to-year comparisons. This grade and star rating will likely improve significantly in the coming years.
New charity report prepared by Kate Bahen June 2, 2017.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||5.6%||19.0%|
|Fundraising costs as % of donations||9.8%||0.0%|
|Program cost coverage (%)||9.2%||6.5%|
Summary Financial StatementsAll figures in $s
|Cash flow from operations||1,594||(3,767)|