CKNW Kids' Fund
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.
C+
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.
72%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 72 cents are available for programs.
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OVERVIEW
About CKNW Kids' Fund:
CKNW Kids’ Fund is a 3-star charity with a below-average results reporting score. It is financially transparent and has overhead costs within Ci’s reasonable range.
Founded in 1944, CKNW Kids’ Fund (CKNW) supports children living with physical, mental, and social challenges in British Columbia. The charity changed its name from CKNW Orphans’ Fund in 2018. CKNW provides financial assistance for medical equipment, therapies, youth programs, and tuition coverage. It states that its grants often help families with unique needs that government funding does not cover.
CKNW Kids’ Fund has two major grant programs: Individual grants (for children and families) and Organizations grants.
CKNW offers individual grants to families of kids with special needs that help cover the costs of various therapies, medical and mobility equipment, and special education. In F2022, financial assistance helped 232 kids access therapies, 191 kids access special needs tutoring or tuition support, 54 kids access wheelchairs and mobility equipment, 37 kids access medical equipment and services, and seven kids access accessible transportation services.
Organizations grants are distributed to grassroots organizations that offer programs focused on children with special needs. The annual report states that the charity granted $296k to community programs in F2022.
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Results and Impact
604-331-2711
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Finances
In F2022, CKNW Kids' Fund received $1.7m in donations and special events revenues. Administrative costs are 26% of revenues (less investment income) and fundraising costs are 2% of donations. This results in total overhead spending of 28%. For every dollar donated, 72 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
CKNW Kids’ Fund has reserve funds of $6.1m, of which $1.6m is donor endowed. Excluding donor-endowed funds, the charity could cover two years and ten months of grants using existing reserves.
CKNW’s five largest grants reported in its most recent F2021 T3010 filing went to Boys and Girls Club of Greater Vancouver ($68k), Crisis Intervention and Suicide Prevention ($33k), Learning Buddies Network ($30k), Lower Mainland Christmas Bureau ($30k), and ACCESS Youth Outreach Services ($25k).
The charity does not report its total compensation in its most recent F2021 T3010 filing. Ci has therefore reported the compensation from the F2020 T3010 filing.
This charity report is an update that has been sent to CKNW Kids’ Fund for review. Comments and edits may be forthcoming.
Updated on August 18, 2023 by Kiara Andrade.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 25.7% | 24.2% | 18.3% |
| Fundraising costs as % of donations | 2.1% | 2.4% | 2.7% |
| Total overhead spending | 27.8% | 26.7% | 21.0% |
| Program cost coverage (%) | 284.0% | 343.0% | 377.2% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 1,500,221 | 1,389,968 | 1,539,155 |
| Government funding | 0 | 81,675 | 80,398 |
| Special events | 178,222 | 162,894 | 309,388 |
| Investment income | (202,662) | 388,867 | 234,984 |
| Total revenues | 1,475,781 | 2,023,404 | 2,163,925 |
| Program costs | 0 | 0 | 0 |
| Grants | 1,678,526 | 1,548,413 | 1,362,619 |
| Administrative costs | 431,595 | 395,682 | 352,298 |
| Fundraising costs | 34,522 | 37,937 | 50,258 |
| Cash flow from operations | (668,862) | 41,372 | 398,750 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 6,098,206 | 6,597,118 | 6,399,608 |
Note: Investment income reported net of management fees is included in revenues, affecting total revenues by ($73k) in F2022, $241k in F2021, and $173k in F2020. Ci included restricted investment revenues, affecting revenues by ($130k) in F2022, $148k in F2021, and $61k in F2020. Ci included government assistance in revenues and removed it from expenses, affecting revenues and expenses by nil in F2022, $82k in F2021, and $80k in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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Comments & Contact
Comments added by the Charity:
Charity Contact
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