Canada Council For The Arts
- Assets
- $525.2m
- Revenue
- $445.3m
- Investments
- $395.0m
- Employees
- 0
- Location
- Founding
- 06/1962
- Data as of
- 03/2022
- 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 03/2022, Canada Council For The Arts generated $445.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $424.4m during the year ending 03/2022. While expenses have increased by 14.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Brault Director And CEO | Officer | 37.5 | $275,540 |
Michelle Chawla-Ghadban Director Spa | Officer | 37.5 | $146,530 |
Carolyn Warren Director Agp | Officer | 37.5 | $146,530 |
Steven Loft Former Director | 37.5 | $138,259 | |
Joanne Larocque-Poirier Chief Of Staff And Corporate Secretary | Officer | 37.5 | $130,966 |
Carole Boileau CFO And Chief Security Officer | Officer | 37.5 | $126,239 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lumina It Inc It Support | 3/30/22 | $401,298 |
Leverage Tek It Support | 3/30/22 | $134,263 |
Raymond Chabot Grant Thornton Consulting Inc Consulting | 3/30/22 | $124,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $407,239,383 |
| 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 | $407,239,383 |
| Total Program Service Revenue | $1,256,693 |
| Investment income | $30,482,972 |
| 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 | $445,300,810 |
| 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 | $385,281,973 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,453,071 |
| Compensation of current officers, directors, key employees. | $1,099,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,907,529 |
| 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 | $20,108 |
| Information technology | $179,926 |
| Royalties | $0 |
| Occupancy | $3,390,155 |
| Travel | $38,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,223,979 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $424,373,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,685,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,583,807 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,450,540 |
| Prepaid expenses and deferred charges | $379,799 |
| Net Land, buildings, and equipment | $6,174,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $394,970,074 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $525,244,006 |
| Accounts payable and accrued expenses | $7,296,796 |
| Grants payable | $131,518,655 |
| Deferred revenue | $4,921,447 |
| 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 | $64,763,947 |
| Total liabilities | $208,500,845 |
| Net assets without donor restrictions | $44,648,090 |
| Net assets with donor restrictions | $272,095,071 |
| 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 | $525,244,006 |
Endowment Analysis
| Beg. Balance | $86,845,032 |
| Earnings | $5,261,442 |
| Admin Expense | $559,567 |
| Other Expense | $315,143 |
| Grants | $760,399 |
| Ending Balance | $90,471,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Trust For Places Of Historic Interest Or Natural Beaut | $2,598,966,000 | $820,524,000 |
Canada Council For The Arts | $525,244,006 | $445,300,810 |
National Arts Centre Corporation | $237,709,768 | $100,347,000 |
Royal Ontario Museum | $166,282,284 | $61,371,646 |
Royal Shakespeare | $206,454,836 | $53,293,786 |