Burnaby, BC V5G 4S8
President & CEO: Rudy Buttignol
Board Chair: Nini Baird
Charitable Reg. #: 12153 2816 RR0001
Grade: A-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 #52
Avg. Compensation $83,424
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||9|
|$40k - $80k||0|
About Knowledge Network:
Founded in 1981, Knowledge Network is a public educational television network in British Columbia. Its mission is to “provide all British Columbians with a trusted alternative for the commercial-free exploration of life, connecting them to the world through television, web, and mobile platforms.” Knowledge Network makes its programming available through its TV programs Knowledge Primetime and Knowledge Kids, and its web platforms Knowledge.ca and KnowledgeKids.ca.
In F2016, 2.4 million people in BC watched Knowledge Primetime, 1.6 million watched Knowledge Kids, Knowledge.ca had 1.5 million visits, and KnowledgeKids.ca had 485,000 visits. On an average week in F2016, 1.3 million hours of Knowledge Primetime and 438,000 hours of Knowledge Kids were viewed.
Additionally, Knowledge Network aims to engage the BC community through its community outreach events. In F2016, it held 17 events, almost doubling the 9 events held in F2015 and its F2016 goal of 8 events.
By F2016, 66% of people in BC were aware of the Knowledge Network as measured in the Ipsos Reid Provincial Online Omnibus.
Knowledge Network is a medium-sized charity with donations of $4.8m in F2016. Its administrative costs are 11% of revenues, and its fundraising costs are 26% of donations. For every dollar donated, 63 cents go towards Knowledge Network’s programs, falling just outside Ci’s reasonable range. Knowledge Network has funding reserves of $6.7m of which $4m are donor-endowed. This results in a program cost coverage ratio, excluding donor-endowed funds, of 31%. This means that Knowledge Network can cover just under 4 months of its annual program costs using its existing reserves, showing a need for funding.
Knowledge Network’s annual report states that endowed funds are from bequests and major gifts, however the audited financial statements do not disclose whether the endowment fund is entirely donor-endowed or partially internally restricted. As a result, Ci is assuming that it is entirely donor-endowed.
This charity report is an update that is being reviewed by Knowledge Network. Changes and edits may be forthcoming.
Updated on July 4, 2017 by Kevin Silberberg.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||10.9%||6.6%||7.2%|
|Fundraising costs as % of donations||25.9%||23.2%||28.9%|
|Program cost coverage (%)||73.6%||67.1%||36.3%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||1,483||1,546||1,387|
|Cash flow from operations||1,940||2,567||1,073|