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.
This charity report and analysis is generously funded by the E.W. Bickle Foundation to share with other Canadian donors interested in supporting youth and education in Ontario.
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)|