Visions of Science

585 Dundas St. E. , 3rd floor
Toronto, ON M5A 3B7
Executive Director: Dr. Eugenia Duodu
Board Chair: Dr. Hooley McLaughlin

Website: www.vosnl.org
Charitable Reg. #: 86104 3370 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 available only upon request [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #1

Avg. Compensation $28,753

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 1
Information from most recent CRA Charities Directorate filings for F2015

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 neighbourhoods are under-represented in Science, Technology, Engineering, and Math (STEM) classes in school. These children face barriers in STEM, namely poorly-resourced schools, negative perceptions about STEM like “I don’t like science”, and a lack of fun and engaging STEM opportunities. Yet careers in STEM fields have the greatest demand, highest salaries, and are fundamental for Canada’s future prosperity and innovation. Disadvantaged youth particularly need early exposure to STEM to be connected to future successes. Visions of Science’s mission is to support youth through knocking down these barriers by providing free, hands-on STEM learning opportunities in poor communities. With support from inspiring university volunteers, Visions of Science seeks to prepare disadvantaged youth to succeed.

VOS’s Community STEM Clubs are Saturday morning science clubs in 25 community housing neighbourhoods in Southern Ontario teaching 500 children. These science clubs are led by volunteer university students majoring in sciences. Each child receives 60 hours of STEM learning. Visions of Science reports an average yearly retention rate of 50%. In 2016, 150 of these students went on a trip together to the Ontario Science Centre.

In-school enrichment: Working inside a priority public school, Ryerson graduate students in STEM research fields mentored 8 students in invention, scientific research and science fair projects. Every student reported higher interest in science and greater confidence in science. Visions of Science daily workshops in a summer camp program were a favourite activity of children. Seven youth learnt video game design coached by OCAD University students.

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.

Financial Review:

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 Ratios

Fiscal year ending December
20162015
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 Statements

All figures in $s
20162015
Donations 91,91340,872
Government funding 91,56717,261
Special events 14,674244
Other income 6,1103,841
Total revenues 204,26462,218
Program costs 180,79454,137
Administrative costs 11,45111,848
Fundraising costs 10,4250
Cash flow from operations 1,594(3,767)
Funding reserves 16,6263,513

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