Calgary Flames Foundation
Calgary, AB T2G 2W1
Executive Director: Candice Goudie
Board Chair: Jeffrey McCaig
Charitable Reg. #: 11882 3525 RR0001
Grade: BThe 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 #0
Avg. Compensation $0
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About Calgary Flames Foundation:
Calgary Flames Foundation was established in 1983 as the charitable arm of the Calgary Flames NHL team. Its mission is to support initiatives that bring positive change to the lives of southern Albertans. Specifically, the Foundation supports three key pillars: health and wellness, education, and amateur and grassroots sports.
In F2017, Calgary Flames Foundation disbursed $1.7m in grants, down 41% from $2.9m in F2016. According to the Foundation’s annual report, 60% of grants were allocated to health and wellness, 33% to amateur and grassroots sports, and 6% to education.
Health and wellness programs include the Alberta Children’s Hospital Foundation’s Rotary/Flames House, which provided 1,908 nights of respite care for over 300 children in F2017 as well as the YMCA, providing free membership to 3,400 grade six students.
Calgary Flames Foundation’s grassroots and amateur sports programs are aimed to provide equality for Calgary kids of any age in minor hockey. Its Flames EvenStrength Program was implemented in 1998 in partnership with Hockey Calgary and KidSport Calgary and provides financial support for kids and families who cannot afford the cost of hockey registration fees. Roughly 3,600 kids were supported by this initiative in F2017.
Flames@School is an interactive after-school program that involved 52,305 students in F2017. The program provides curriculum-based items, such as games and posters, that provide an inside look at Flames players while also motivating students to make healthy decisions. Part of Flames@School is another program - Reading…Give it a shot! As part of this program, Calgary Flames players visit students in grades 4 to 6 to talk about the importance of reading. 26,851 students participated in this program in F2017. The Foundation reports that 96% of students showed an improved motivation for reading after the program.
Calgary Flames Foundation did not report any full-time or part-time staff on its T3010 filing with the CRA. The Foundation also did not report incurring any expenses related to staff compensation.
Calgary Flames Foundation is a medium-sized charity with $1.4m in donations and special events fundraising in F2017. The majority of revenues come from 50/50 raffles, accounting for 62% ($2.5m net of costs) of total revenues. Administrative costs were 2% of revenues and fundraising costs were 68% of donations. For every $1 donated, 30 cents went to programs, falling outside of Charity Intelligence’s reasonable range for overhead spending. It is possible that some special events revenues are recorded net of related expenses. Because no audited financials are provided, Charity Intelligence cannot verify the Foundation’s revenues and expenses.
Update - November 2, 2018: With recent news coverage of the Calgary Flames Foundation, financial statements for F2018 will be posted online, see John Bean's comments here.
External fundraisers are used to collect donations on behalf of the charity according to Calgary Flames Foundation’s T3010 filing with the CRA; however, the charity has not reported the amount raised by or retained by the external fundraisers.
The Foundation has $7.8m in funding reserves that can cover annual grants and disbursements 4.3 times.
This charity report is an update that has been sent to Calgary Flames Foundation. Changes and edits may be forthcoming.
Updated on June 18, 2018 by Greg Thomson.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||2.0%||2.0%||1.7%|
|Fundraising costs as % of donations||68.0%||73.9%||49.3%|
|Program cost coverage (%)||430.8%||218.7%||320.1%|
Summary Financial StatementsAll figures in $000s
|Fees for service||0||65||76|
|Business activities (net)||0||15||0|
|Cash flow from operations||1,227||(155)||1,666|