The responsible and respectful use of financial gifts is our priority. Our accounting and fundraising policies meet the best practice standards as outlined by Imagine Canada and the Canada Revenue Agency. We keep our administrative costs below the non-profit standard – but not so low as to jeopardize the quality of service we deliver.

Annual Financial Statements – Catholic Family Service

Annual Financial Statements – UP Foundation

UP 2015 Financials

Our Commitment to Transparency – Commentary on our Administrative Costs

  • The responsible and respectful use of financial gifts is a priority for the Unlocking Potential (UP) Foundation.
  • It is a priority for both the Board of Directors of the UP Foundation and Catholic Family Service (CFS) as well as the CFS leadership team to ensure that our accounting and fundraising policies meet the best practices as outlined by Imagine Canada and the Canada Revenue Agency. An internal audit is completed annually to ensure fidelity to best practices.
  • In 2015, we adjusted how we report our administrative costs to better capture the financial relationship between Catholic Family Service and its fundraising arm, the UP Foundation.
  • We have two full time roles – in an organization of 100+ employees – whose roles are allocated to fundraising. These staff raise funds via UP and CFS for all CFS programs. A portion of their salary is covered by each program offered by CFS (and therefore are not included in the UP audited financial statements).
  • See note 5 in our 2015 audited statements which explains the transfer payments to CFS. Rather than an administrative expense, these transfers reflect the distribution of funds raised by UP to support vulnerable individuals and families through CFS programs.
  • Accountability, trustworthiness, and integrity are the values that guide our work. CEO Patricia Jones welcomes any questions that you may have, by email to patricia.jones@cfs-ab.org or by TEL at 403-205-5200.
  • View UP 2015 Financials PDF

UP 2014 Financials

Our Commitment to Transparency – Commentary on our Administrative Costs

  • The responsible and respectful use of financial gifts is a priority for the Unlocking Potential (UP) Foundation.
  • The Canada Revenue Agency considers a fundraising ratio above 35% to be unacceptable. In 2013, our administrative costs were 20%.
  • Like any start-up organization, we’ve had increased overhead as we market the UP Foundation in the community. Since we began in 2009, we’ve worked diligently to ensure transparent communication with our existing and prospective donors: UP is a distinct foundation supporting innovation and the high-impact programs of Catholic Family Service.
  • When reviewing our statements, note that disbursements to Catholic Family Service are included in our expenses. These should not be viewed as an administrative cost, but rather a testament to how UP dollars are directly supporting people in need.
  • Accountability, trustworthiness, and integrity are the values that guide our work. UP CEO Patricia Jones welcomes questions about our financial statements. Please direct further questions to Patricia at 403-205-5200 or patricia.jones@cfs-ab.org
  • View UP 2014 Financials PDF

UP 2013 Financials

Our Commitment to Transparency – Commentary on our Administrative Costs

  • The responsible and respectful use of financial gifts is a priority for the Unlocking Potential (UP) Foundation.
  • The Canada Revenue Agency considers a fundraising ratio above 35% to be unacceptable. In 2013, our administrative costs were 20%.
  • Like any start-up organization, we’ve had increased overhead as we market the UP Foundation in the community. Since we began in 2009, we’ve worked diligently to ensure transparent communication with our existing and prospective donors: UP is a distinct foundation supporting innovation and the high-impact programs of Catholic Family Service.
  • When reviewing our statements, note that disbursements to Catholic Family Service are included in our expenses. These should not be viewed as an administrative cost, but rather a testament to how UP dollars are directly supporting people in need.
  • Accountability, trustworthiness, and integrity are the values that guide our work. UP CEO Patricia Jones welcomes questions about our financial statements. Please direct further questions to Patricia at 403-205-5200 or patricia.jones@cfs-ab.org
  • View UP 2013 Financials PDF

Our Commitment to Transparency – Commentary on our Administrative Costs

  • The responsible and respectful use of financial gifts is a priority for the Unlocking Potential (UP) Foundation.
  • It is a priority for both the Board of Directors of the UP Foundation and Catholic Family Service (CFS) as well as the CFS leadership team, to ensure that our accounting and fundraising policies meet the best practices as outlined by Imagine Canada and the Canada Revenue Agency. An internal audit is completed annually to ensure fidelity to best practices.
  • In 2015, we adjusted how we report our administrative costs to better capture the financial relationship between Catholic Family Service and its fundraising arm, the UP Foundation.
  • We have two full time roles – in an organization of 100+ employees – whose roles are allocated to fundraising. These staff raise funds via UP and CFS for all CFS programs. A portion of their salary is covered by each program offered by CFS (and therefore are not included in the UP audited financial statements).
  • See note 5 in our 2015 audited statements which explains the transfer payments to CFS. Rather than an administrative expense, these transfers reflect the distribution of funds raised by UP to support vulnerable individuals and families through CFS programs.
  • Accountability, trustworthiness, and integrity are the values that guide our work. CEO Patricia Jones welcomes any questions that you may have, please contact Patricia at 403-205-5200 or patricia.jones@cfs-ab.org

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