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Calgary Flames Foundation

555 Saddledome Rise SE
Calgary, AB T2G 2W1
Executive Director: Candice Goudie
Board Chair: Jeffrey McCaig

Charitable Reg. #: 11882 3525 RR0001
Sector: Intermediary - Sports
Public Foundation

Donor Accountability

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #0

Avg. Compensation $0

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

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 F2016, Calgary Flames Foundation disbursed $3.3m in grants and $196k in honorariums. According to the Foundation’s annual report, 75% of grants were allocated to health and wellness, 20% to amateur and grassroots sports, and 5% to education.

Health and wellness programs include the Rotary/Flames House, which provided 131 children with more than 1,960 nights of respite in F2016. The top 3 grant recipients in health and wellness programs were Gordie Howe C.A.R.E.S. ($828k grant), Canadian Red Cross, Fort McMurray Relief ($211k), and Kids Cancer Care Foundation ($151k).

Calgary Flames Foundation’s grassroots and amateur sports programs ensure equality for Calgary kids in need – at any age of 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. More than 4,000 kids have been supported by this initiative.

Flames@School is an interactive after-school program that involved 40,590 students in F2016. The program provides curriculum-based assets, 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. 20,500 students participated in this program in F2016. 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.

Financial Review:

Calgary Flames Foundation is a medium-sized charity with $2.8m in donations and special events fundraising in F2016. The majority of revenues come from 50/50 raffles, accounting for 44% ($2.4m net of costs) of total revenues. Administrative costs were 5% of revenues and fundraising costs were 64% of donations. For every $1 donated, 32 cents went to the cause, falling outside of Charity Intelligence’s reasonable range for overhead spending.

External fundraisers are used to collect donations on behalf of the charity according to Calgary Flames Foundation’s T3010 filing with the CRA. In F2016, Calgary Flames Foundation paid $573k to external fundraisers and collected $3.8m in donations. For every $1 raised by external fundraisers, the Foundation paid 15 cents to the fundraiser. The reported $3.8m exceeds total donations recorded by the Foundation. Given this, 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 presentation of the Foundation’s financial position.

The Foundation has $6.6m in funding reserves that can cover annual grants and disbursements 1.9 times.

This charity report is an update that is currently being reviewed by Calgary Flames Foundation. Changes and edits may be forthcoming.

Updated on August 9, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 4.6%1.7%1.1%
Fundraising costs as % of donations 63.8%22.5%19.4%
Program cost coverage (%) 190.1%265.7%219.8%

Summary Financial Statements

All figures in $000s
Donations 1,878210308
Fees for service 1607611
Lotteries (net) 2,3652,9791,967
Business activities (net) 1501
Special events 9121,4661,678
Investment income 616260
Total revenues 5,3914,7934,026
Grants 3,4722,6432,443
Administrative costs 2478043
Fundraising costs 1,780377386
Other costs 472827
Cash flow from operations (155)1,6661,127
Funding reserves 6,6017,0225,370
Note: The above analysis was conducted using unaudited financial statements obtained from the CRA. No statement of cash flows was included.

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