Canada Council For The Arts
- Assets
- $452.1m
- Revenue
- $324.7m
- Investments
- $393.9m
- Employees
- 0
- Location
- Founding
- 06/1962
- Data as of
- 03/2024
- EIN
- 98-6000843
Organization Overview
Canada Council For The Arts is located in null. The organization was established in 1962. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canada Council For The Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Canada Council For The Arts generated $324.7m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $319.7m during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE CANADA COUNCIL FOR THE ARTS IS CANADA'S NATIONAL ARM'S LENGTH ARTS FUNDING AGENCY. ACTIVITIES ARE: GRANTS (FUNDING TO INDIVIDUAL PROFESSIONAL ARTISTS & ARTS ORGANIZATIONS); ENDOWMENTS & PRIZES (FELLOWSHIPS & PRIZES TO SOME 200 ARTISTS AND SCHOLARS); RESEARCH; COMMUNICATIONS & ARTS PROMOTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
0
0
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Brault Director And CEO | Officer | 37.5 | $218,195 |
Michelle Chawla-Ghadban Director And CEO | Officer | 37.5 | $216,735 |
Carolyn Warren Director Agp | Officer | 37.5 | $158,615 |
Joanne Larocque-Poirier Director General - Communications And Arts Engagement | Officer | 37.5 | $152,044 |
Lise Ann Johnson Deputy Director General, Arts Granting Programs | Officer | 37.5 | $135,122 |
Huynh Thien Thong Project Director | 37.5 | $127,961 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leverage Tek It Solutions It Services | 3/30/24 | $1,237,135 |
Deloitte Inc It Consultancy | 3/30/24 | $428,336 |
Cistel Technology Inc It Services | 3/30/24 | $181,672 |
Emond Harnden Legal Services | 3/30/24 | $169,680 |
Arthur J Gallagher Canada Limited Insurance Services | 3/30/24 | $155,056 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $303,227,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,227,324 |
| Total Program Service Revenue | $1,413,647 |
| Investment income | $16,727,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,700,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $280,439,246 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,726,913 |
| Compensation of current officers, directors, key employees. | $1,305,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,445,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $119,294 |
| Information technology | $143,956 |
| Royalties | $0 |
| Occupancy | $3,253,591 |
| Travel | $291,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,414 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,160,676 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $319,712,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,746,073 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,216,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,268,956 |
| Prepaid expenses and deferred charges | $1,067,039 |
| Net Land, buildings, and equipment | $4,874,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $393,943,514 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,116,457 |
| Accounts payable and accrued expenses | $5,160,457 |
| Grants payable | $62,278,535 |
| Deferred revenue | $3,615,757 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,130,617 |
| Total liabilities | $137,185,366 |
| Net assets without donor restrictions | $57,829,199 |
| Net assets with donor restrictions | $257,101,892 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $452,116,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|