Visions of Science
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.
92%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.
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OVERVIEW
About Visions of Science:
Visions of Science Network for Learning is a 5-star charity. It has excellent results reporting, achieving an A grade. For every dollar donated to the charity, 92 cents are available to go to the cause, which is inside Ci's reasonable range.
Founded in 2004, Visions of Science Network for Learning (VOS) runs science, technology, engineering, and math-based programs (STEM) in low-income and marginalized communities in the Greater Toronto Area (GTA). VOS’s programs target youth from grade three to post secondary. VOS recognizes that systemic barriers in society exclude youth from the opportunity to harness their creativity, perspective, and potential. The charity states that low-income and marginalized youth are disproportionately impacted by systemic barriers at every stage of their education journey. Visions of Science has two main programs: STEM Catalyst and STEM Journey.
A Charity Intelligence 2023 Top 100 Rated Charity
STEM Catalyst focuses on expanding VOS’s reach to diverse communities through short term initiatives. STEM Catalyst inspires interest and improves perceptions of STEM. VOS has various subprograms that build a foundation of learning for future STEM pathways. Sport and STEM combines physical activity and STEM for grade seven and eight students. STEM Sparks promotes awareness in STEM through hands-on-learning and interactive opportunities. STEM Connect Network connects post-secondary students to STEM opportunities through networking and workshops.
STEM Journey focuses on increasing VOS’s impact within select communities through long-term programs. STEM Camps provide youth in grades five through eight with hands-on workshops and projects. STEM Academy offers tutoring, workshops, and career sessions for youth in grades six through eight. STEM Leaders: Empower connects youth in grades eight through ten with industry professionals. STEM Leaders: Launch provides youth in grades 11 and 12 with STEM-based experiential learning, training, coaching, and paid job opportunities. STEM Connect offers networking opportunities with industry professionals.
In F2022, Visions of Science engaged over 750 youth in virtual and in-person programming. 600 community members and families engage in VOS’s workshops and events. The charity reports that its programs reach more than 30 communities. Vision of Science hosted its first Visionary Talk, a free science event for the community in F2022. Over 200 people attended Visionary Talks in person, with 150 people turning in online.
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Results and Impact
80% of participants reported increased knowledge of STEM careers after participating in STEM Sparks program. 77% of participants reported transferability of their learnings into school.
Within VOS’s STEM Leaders program, 92% of youth reported the STEM Professional Series helped them see STEM futures they could be a part of.
Visions of Science ran a vaccine confidence project in F2022. VOS reports that 100% of participants reported increased knowledge, with 90% feeling confident in talking to others about vaccines.
While Charity Intelligence highlights these key results, they may not be a complete representation of Visions of Science’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Visions of Science received $1.5m in donations in F2022. Reported fundraising costs are 0% of donations and administrative costs are 8% of total revenues (excluding investment income). This results in total overhead spending of 8%. For every dollar donated, 92 cents are available to go to the cause, which is within Ci’s reasonable range of overhead spend.
Visions of Science has $1.7m in reserve funds. VOS’s reserve funds can cover 112%, or 13 months of its annual program costs.
This charity report is an update that has been sent to Visions of Science Network for Learning for review. Changes and edits may be forthcoming.
Updated on July 6, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 8.0% | 3.9% | 3.3% |
Fundraising costs as % of donations | 0.1% | 3.5% | 0.4% |
Total overhead spending | 8.1% | 7.4% | 3.7% |
Program cost coverage (%) | 112.1% | 164.8% | 68.5% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 1,464,111 | 2,239,236 | 1,319,073 |
Government funding | 0 | 208,965 | 66,402 |
Special events | 0 | 4,328 | 0 |
Investment income | 7,321 | 4,064 | 0 |
Total revenues | 1,471,432 | 2,456,593 | 1,385,475 |
Program costs | 1,501,604 | 1,098,058 | 908,492 |
Administrative costs | 117,139 | 95,879 | 45,930 |
Fundraising costs | 1,808 | 78,508 | 5,409 |
Total spending | 1,620,551 | 1,272,445 | 959,831 |
Cash flow from operations | (149,119) | 1,184,148 | 425,644 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 1,683,679 | 1,809,963 | 622,147 |
Note: To report on a cash basis, Ci adjusted for deferred donations, affecting revenue in the amount of ($102k) in F2022, $28k in F2021, and $71k in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
4 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-366-4774