Quote:
Originally Posted by Oling_Roachinen
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Yeah the fundraising portion could be a timing thing for sure that makes that report look low for that year. Overall though I still don't think it's bad. Looks like it's about $200k on admin staff and $550k to $1M on fundraising depending on timing for that year.
2013:
Revenue: $2.4M
M&A: $0.2M
Fundraising: $0.37M
Gifts: $2.3M
2014:
Revenue: $4.0M
M&A: $0.15M
Fundraising: $0.78M
Gifts: $2.0M
2015:
Revenue: $4.7M
M&A: $0.23M
Fundraising: $0.7M
Gifts: $2.2M
2016:
Revenue: $3.9M
M&A: $0.3M
Fundraising: $0.9M
Gifts: $2.8M
2017:
Revenue: $4.1M
M&A: $0.2m
Fundraising: $0.65M
Gifts and Charitable Program: $2.0M ($0.3 Charitable Program, $1.68M Gifts)
Looking at that data I still don't see how they got 30 cents on the dollar for the Flames. Seems like they have to have made a calculation error or they are removing the 50/50 proceeds from the equation somehow for the money raised.
I look at the 5 years of data available to them and in that time the Flames raised $19.1M, have donated $11.3M (59%). And still somehow have $8M in the reserves.