Springs Church

725 Lagimodiere Blvd.
Winnipeg, MB R2J 0T8
CEO and Senior Pastor: Leon Fontaine
Senior Pastor: Sally Fontaine

Charitable Reg. #:10800 0654 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

D+

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.

82%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.



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Programs

About Springs Church:

Founded in 1980, Springs Church (also known as Springs of Living Water Centre) aims to communicate the message of Jesus through love, acceptance, and forgiveness. Springs Church’s main location is in Winnipeg, with four other sites in Calgary, Steinbach, Selkirk, and Winnipeg’s Inner City. Springs Church provides various ministry services and runs global missions.

Springs Church offers weekly Sunday services at all of its locations. During Sunday services, it runs Springs Kids, a program for young children to experience Jesus at an introductory level through Bible sessions, singing, and group activities. In F2019, Springs Church recruited a team of over 500 church volunteers to run Springs Kids.

Springs Church runs various education programs for its members. It funds the Springs Christian Academy, a private Christian school in Winnipeg that offers classes from preschool to grade 12. The charity also runs Springs College, a nine-month full-time program with courses in life skills and religious studies. Springs Church recently added a Biblical Studies 2 course to complement its existing Biblical Studies 1 course and Leadership Level 1 and 2 courses. Upon graduation from the program, students can apply to intern at a Springs Church ministry.

Springs Church currently funds four missions in Canada and around the world. Its Inner City mission brings religion to vulnerable families in low-income Winnipeg neighbourhoods. Springs Church funds Miracle Channel, a televised “mission” that broadcasts services 24/7 in Canada. Springs Church funds two global missions, one in East Africa and one in India.

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Results and Impact

Springs Church’s Inner City mission aims to provide food and youth services to low-income families in Winnipeg. On Thursdays, Springs Church supports a food bank that it reports serves over 300 local families. On Fridays, it provides transportation for roughly 120 to 150 kids to receive a one-hour service.

While Ci highlights these key results, they may not be a complete representation of Springs Church’s results and impact.

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Finances

Springs Church is a Large charity, with $9.6m in donations in F2019. Administrative costs are 18% of revenues (less investment income). Springs Church does not report any fundraising costs. For every dollar donated, 82 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.

Spring Church has $2.7m in gross funding reserves and $4.3m in interest-bearing liabilities, resulting in a negative program cost coverage ratio. These debts mainly represent loans and mortgages to finance its facilities. When excluding these liabilities, Spring Church’s gross funding reserves can cover 36% or four months of program costs.

In F2018, the most recent T3010 filing year available for Springs Church, it paid $9k to external fundraisers. The charity does not state how much revenue these fundraisers collected.

This charity report is an update that has been sent to Springs Church for review. Changes and edits may be forthcoming. 

Updated on July 22, 2020 by Eric Zhao. 

Financial Review


Financial Ratios

Fiscal year ending December
201920182017
Administrative costs as % of revenues 17.7%17.1%18.2%
Fundraising costs as % of donations 0.0%0.0%0.0%
Total overhead spending 17.7%17.1%18.2%
Program cost coverage (%) (23.0%)(36.8%)(56.7%)

Summary Financial Statements

All figures in $000s
201920182017
Donations 9,5629,2719,139
Business activities (net) 699698693
Investment income 211514
Other income 205215265
Total revenues 10,48610,19910,111
Program costs 6,6996,0996,092
Grants 610360420
Administrative costs 1,8501,7401,841
Fundraising costs 000
Other costs 152140189
Total spending 9,3108,3398,542
Cash flow from operations 1,1761,8601,569
Capital spending 620546354
Funding reserves (1,682)(2,375)(3,690)

Note: Ci excluded amortization of deferred capital contributions, affecting total revenues by ($373k) in F2019, ($390k) in F2018, and ($407k) in F2017. Ci reported funds transferred to Springs Christian Academy as grants and backed out the amounts from program costs.

Salary Information

Full-time staff: 58

Avg. Compensation: $68,651

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
2
$160k - $200k
1
$120k - $160k
1
$80k - $120k
6
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.springschurch.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 204-233-7003

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