Voluntary Sector Reporting Awards

Voluntary Sector Reporting Awards

November 24, 2010 08:40 ET

Kingston Literacy & Skills Nominated for Voluntary Sector Reporting Award

Award Recognizes Financial Reporting Excellence by Non-Profits

TORONTO, ONTARIO--(Marketwire - Nov. 24, 2010) - Kingston Literacy & Skills could be among the winners of the third annual Voluntary Sector Reporting Awards (VSRAs), scheduled to be announced at a Toronto luncheon ceremony on November 26. At a time when financial reporting is becoming increasingly important to organizations of all types and sizes, the VSRAs recognize those organizations within Ontario's diverse and growing not-for-profit sector that have achieved best practices.

The awards recognize best practices for financial reporting by registered charities that produce annual reports in Ontario. Their annual reports are rated for availability, clarity, user friendliness, accessibility and impact. Organizations competed in three categories based on revenue size, as well as a category recognizing national or international NPOs headquartered in Ontario. The winner in each category receives $5,000 and recognition as leaders in the field.

Kingston Literacy & Skills is a community-based program in the heart of the Thousand Islands region of Ontario. Kingston Literacy & Skills, one of the first community-based literacy programs to be developed in Ontario, has over three decades of experience delivering literacy training to adults and families in Eastern Ontario. It is competing in the total revenues from over $1 million to $10 million category. For more information on this charity, see: www.kingstonliteracy.com.

Media are invited to attend this event.

WHAT: Voluntary Sector Reporting Awards
WHEN: Friday, November 26 from 11:30 a.m. to 2 p.m. (presentations at 1 p.m.)
SPEAKER: Dr. Monica LaBarge, Professor of Marketing, Queen's School of Business
WHO: Nominated charities and representatives from Queen's School of Business, PwC and the Institute of Chartered Accountants of Ontario
WHERE: Novotel Hotel, 3 Park Home Avenue, North York

The nominees in the four categories are:

National and International Organizations headquartered in Ontario:

  • Aphasia Institute*
  • Ontario March of Dimes
  • World Vision Canada

Ontario organizations

Total revenues over $10 million

  • Canadian Paraplegic Association Ontario
  • Community Foundation of Ottawa
  • National Capital Region YMCA-YWCA
  • United Way Toronto
  • Vita Community Living Services of Toronto

Total revenues from over $1 million to $10 million:

  • DeafBlind Ontario Services
  • Habitat for Humanity National Capital Region
  • Kingston Literacy & Skills
  • Lifesaving Society Ontario

* Aphasia Institute was also considered in this category due to its small size relative to the other contenders in the national and international organizations category.

Total Revenues up to $1 million

  • Hospice King (Operating as Hospice King-Aurora)
  • Sarnia-Lambton "Rebound" A Program for Youth

In the interest of promoting timely and accurate financial statements in the not-for-profit sector, the VSRA Program was created in 2008 by the CA-Queen's Centre for Governance, which is a partnership between the Queen's School of Business and the Institute of Chartered Accountants of Ontario. PwC has been a sponsor of the program since its inception.

About the CA-Queen's Centre for Governance at Queen's School of Business

CA-Queen's Centre for Governance (business.queensu.ca/centres/CA-QCG/) goal is to raise the bar on Canadian governance research with respect to transparency and financial accountability and convey that research's implications to academics, students and the public at large. Situated at Queen's School of Business (business.queensu.ca), one of the world's premier business schools, the Centre conducts cutting edge basic and applied research on governance dealing with such issues as fraud prevention and detection and improving the quality of Canadian securities' regulation. The Centre's premiere not for profit program is the Voluntary Sector Reporting Awards that rewards voluntary sector organizations for transparent Annual Reports and financial accountability.

About the Institute of Chartered Accountants of Ontario:

The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's 34,000 Chartered Accountants and 5,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession's internationally recognized standards of qualification and the enforcement of its rules of professional conduct. Chartered Accountants are the professionals Canada's business leaders trust to help make the financial, strategic and leadership decisions that matter. The Institute's website is: www.icao.on.ca and the student website is www.guidetorulingtheworld.ca.

About PwC:

PricewaterhouseCoopers Canada ("PwC" or "the firm") has close to 500 partners and 5,000 staff in locations from St. John's, Newfoundland and Labrador, to Vancouver, British Columbia. Now celebrating more than 100 years of excellence in Canada, PwC provides industry-focused assurance, consulting and tax services for public, private and government clients. As part of a larger network of over 163,000 people in 151 countries, PwC works to provide clients with the best of its collective thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders.

About PwC Canada Foundation:

In 2004, PwC established the PwC Canada Foundation ("The Foundation") to expand upon the firm's philanthropic activities and to build and empower community leadership by sharing of our time, expertise and resources. The Foundation currently operates a suite of community engagement programs that include Team Volunteering, Volunteer Grants, Volunteer Recognition, Leadership Grants and Volunteer Education and Engagement.

Over the past six years, PwC partners and staff have participated in over 1,300 meaningful volunteer experiences across the country contributing over 70,000 total volunteer hours back to the community. In recognition of the volunteer efforts made by employees and through Foundation's grant programs, over 2,800 donations have been made to registered charitable organizations across Canada amounting to over $1.6 million and financial support. For more information about the Foundation, please visit www.pwc.com/ca/foundation.

Contact Information