Financial Overview

Our fundraising efforts continue to show steady increases year after year, with donors, sponsors and community organizations either renewing or making their first commitment to support the Foundation.

Revenue Revenue Revenue Revenue Revenue

Fundraising Events

KCCFA fundraising events continue to be a strong source of revenue. In 2004/05, our internally managed events grew in both size and scope. Our shave campaigns showed solid growth, generating $852,050 this year. Our newest initiative, the Big Wig Challenge, made the most significant difference by delivering 40% of the total. The Trico Homes Ride for a Lifetime resulted in a second successful year, increasing the number of riders to 71 and earning $207,317. Our extremely popular Don, Joanne and the Coach – Golf a Kid to Camp tournament, raised $116,016. While generating funds, these well-run events also help boost the Foundation’s profile in and around the Calgary community.

Donations from Other Non-Profits

Our stepped-up fundraising activities associated with foundations, community organizations and service clubs are also beginning to bear substantial fruit. Donations from other non-profits increased by 12.8%, or $18,015, from $140,264 in 2003/04 to $158,279 in 2004/05.

Community Fundraising Events

The area showing the most significant growth in 2004/05 was the community fundraising events, which jumped 37.6% or $142,817 over the previous year. Central to this growth is the contribution from the Calgary Motor Dealers Association through the Vehicles & Violins Gala, which brought in $81,439. Another significant contribution came from the Golf a Kid to Cure tournament in Red Deer, which raised $92,000. In addition, two organizations that have been long-time supporters once again chose KCCFA as the beneficiary of their golf tournaments – Toromont Process Systems raised $54,000, while Cargill Foods collected $32,000.

Individual and Corporate Donors

In 2004/05, revenues from individual and corporate donors dropped by 12.3% or $68,951 over the previous year. Despite growth in some areas, like direct mail, our results were affected by a one-time gift of $100,000 from a corporate donor, which we received in the previous fiscal year.

Direct mail revenue jumped to $136,910, a 36% increase over 2003/04. And, the number of donors in our monthly giving program increased from 46 to 71 donors, now bringing in $21,000, representing a 50% increase over last year.

Expenses Expenses Expenses Expenses Expenses

We are proud to report that our largest increase went to Research, primarily to fund laboratory infrastructure. Clinical Support also received more financial resources for equipment and educational opportunities. And, Camp & Community Outreach received a modest increase for the development of new and existing programs.

Research Programs

KCCFA’s funding to Research jumped in 2004/05, increasing from $738,214 in 2003/04 to an astounding $1,129,987 in 2004/05. In addition to our multi-year research projects, this past year we funded a psychological study and specialized research equipment. Our largest investment was a $500,000 contribution towards the Children’s Cancer Research Centre (CCRC), which is in the final planning stages. By committing to make the CCRC a reality, the Foundation expects to sustain a high level of research funding over the next two years.

Three-Year Revenue Growth

(thousands of dollars)

30000003000

25000002500

20000002000

1500000 1500

1000000 1000

500000 500

00

02/03 03/04 04/05

Expenses as a Percentage of Revenue 2004/05

(thousands of dollars)

Research - 44% Camp & Community Outreach - 17% Fundraising Activities - 16% General & Administrative -12% Clinical Support - 5% Volunteer - 3% Excess Revenue Over Expenses - 2% Amortization - 1% Camp & Community Outreach Programs

Camp & Community Outreach expenses increased by 10.6% or $40,852 in 2004/05 to a total of $424,684, because we continue to expand our programming to address gaps identified in 2004. These increased activities required more resources, supplies and the addition of a full-time program coordinator. This year, KCCFA was pleased to support the Children’s Oncology Camping Association International Conference, which took place in Calgary. The Foundation also provided operating funding to Jamie’s Preschool, an early childhood education program for children on treatment.

Clinical Support

KCCFA’s investment in Clinical Support increased by 25.5% to $139,859 in 2004/05 from $111,429 in 2003/04. Funding included the purchase of four blood pressure oxygen monitors for the Alberta Children’s Hospital. We also increased travel and education opportunities for medical professionals.

Fundraising

KCCFA’s fundraising expenses increased by 4.5% or $18,185, from $403,056 in 2003/04 to $421,241 in 2004/05. This increase was primarily due to increased donor recognition expenses, which included a tenth anniversary celebration to honour our major donors. We were fortunate that much of the cost associated with this event was offset by corporate sponsorships.

General and Administrative

Administrative expenses increased marginally by 4.7% or $13,597 to a total of $305,155. This is reflected in the Foundation’s program expansions and increased fundraising activity, which in turn affected costs such as postage. In 2004, KCCFA also initiated a comprehensive business planning exercise to build our strategic plan for the next three years. The cost of the plan was covered by one of KCCFA’s corporate partners.

Volunteers

KCCFA’s volunteer expenses went up moderately in 2004 by 14.5%, or $9,480, to a total of $74,997. As the Foundation’s activities increase, our volunteer program is taking on a larger role, making improved volunteer training opportunities and enhanced volunteer recognition essential. In 2004/05, volunteers contributed 8,460 hours, giving the Foundation more value for every dollar spent. As part of the celebration of our tenth anniversary, KCCFA held a special volunteer recognition event. While the costs of this event were higher than usual, we were fortunate to secure corporate sponsors.

Expenses as a Percentage of Revenue

KCCFA carefully manages our expenses to ensure that we invest the maximum in our charitable mission. In 2004/05, the Foundation invested $1,694,530 in our giving activities. This is well above the disbursement quota as legislated by the Canada Revenue Agency.

One of our core objectives is to keep administrative and fundraising expenses to an effective operating minimum. To gauge our success, we compare KCCFA’s results to accountability measures. According to industry standards, as outlined by the Canadian Centre for Philanthropy and several American “watchdog” organizations, a reasonable range for the combined administration and fundraising expenses is between 25% and 35% of revenues. KCCFA is pleased to report that in 2004/05 our combined expenses were 28.3% of revenues, well within that range and down from the previous year’s expenses of 31.6%.

The Foundation is able to maintain expenses and maximize revenue opportunities through the committed support of volunteers and donors who organize fundraising events on our behalf. We applaud these dedicated individuals for enabling us to invest the bulk of our revenues into programs for the children and the families we serve.