THE KEN AND ANN WATTS MEMORIAL SCHOLARSHIP FOUNDATION
Charitable organizationSupport of schools and education·110 CROSTHWAITE AVE S · HAMILTON, ON · L8K 2V3·BN 118787613RR0001
Last reported: F2024 filing · period ending 2024-06-30
This filing's expense lines don't reconcile: program spending (line 5000) plus overhead (5010 + 5020) adds up to more than total spending (4950). Cents-to-cause and overhead can't both be right, and the filing doesn't say which — so this charity is left out of ranked search results for this filing year. We show both figures exactly as filed; read them together with this in mind, or check the public record ↗.
What it does — in its own words
Ongoing programs
SCHOLARSHIP GRANTS FOR POST SECONDARY STUDIES IN THE FIELDS OF THE ARTS. THERE ARE FOUR SCHOLARSHIPS AWARDED TO GRADE 12 STUDENTS COMPETING IN THE CANADIAN THEATRE SCHOOL ONTARIO DRAMA FESTIVAL. THESE SCHOLARSHIPS ARE VALID FOR ONE THOUSAND DOLLARS PER YEAR FOR UP TO A FOUR YEAR PROGRAM. WE ALSO AWARD FOUR ONE THOUSAND DOLLAR BURSIRIES TO STUDENTS WHO APPLIED FOR THE SCHOLARSHIP BUT WERE NOT CHOSEN. SCHOLARSHIP WINNERS ARE ALLOWED A YEAR BREAK WITHOUT PENALTY BY NOTIFYING THE FOUNDATION OF THEIR DESIRE TO TAKE A YEAR OFF.
Program descriptions from its F2024 T3010 filing, verbatim · self-reported · this is also the text our semantic search matches against. source ↗
Tier 1 — what we computed (open data)
From the charity's own F2024 T3010 filing. Self-reported; not independently verified. You can recompute every figure.
Cents to cause
T1 · computed (open data)746¢
As filed: 746¢ of each dollar to programs — but this filing's expense lines don't reconcile (see note above).
Sector median: 89¢ across 55,155 computed charities.
T3010 line 5000 ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Operating overhead
T1 · computed (open data)—
Management, administration, and fundraising as a share of total spending. We treat 5–35% as the typical range; we state the figure, you judge.
T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Reserves
T1 · computed (open data)—
Years current reserves could cover program spending.
Sector quartiles: 0.4 yr / 0.8 yr / 7.5 yr (p25 / median / p90).
T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗
Total revenue
T1 · computed (open data)$10K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)0%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Government-funded
T1 · computed (open data)0%
Share of revenue from federal, provincial, and municipal sources.
T3010 line 4570 (or 4540+4550+4560) ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Over the years
Every figure as filed at each fiscal period end, 2019–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2019-06-30 | $18K | 90¢ | — | — |
| 2020-06-30 | $16K | — | — | — |
| 2021-06-30 | $15K | — | — | — |
| 2022-06-30 | $14K | 541¢✱ | — | — |
| 2023-06-30 | $20K | 613¢✱ | — | — |
| 2024-06-30 | $10K | 746¢✱ | — | — |
| trend |
From its T3010 filings (CRA annual releases) · self-reported, not audited by us · when a period is restated in a later release, the newest figures are shown · ✱ = cents-to-cause outside the valid 0–100% range (filing error; not used in rankings). source ↗
★ Tier 2 — Charity Intelligence (analyst-reviewed)
Not rated by Charity Intelligence. Their analysts cover 618 of Canada's 83,761 charities; absence of a rating says nothing about this charity. Our computed figures above stand on their own.
Board of directors
7 directors reported · 6 of 7at arm's length
- FAIRHEAD, WAYNEPRESIDENTarm's length
- LARICHE, JENNYSECRETARYarm's length
- DAYLER, DAVIDTREASURERarm's length
- CAROLEE, MASONDIRECTOR
- HUGHES, NEILDIRECTORarm's length
- WALDRON, IANDIRECTORarm's length
- LAMB, ANDRESDIRECTORarm's length
From its F2024T3010 filing (public CRA record), as filed. “Arm's length” means not related to other officials by family or business ties. source ↗
Right of reply
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Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗