Financial + Charity

Where the Money Goes

The Ride for Refuge is a charitable program of Blue Sea Foundation, a registered Canadian Foundation. Our legal name is Blue Sea Philanthropy.


Our vision is to see a more generous world where charities thrive. The RIDE event is one of the programs that assists in that objective.



Charity partners in the Ride for Refuge benefit from accessing our leadership, coaching, and national turn-key event with its fundraising and promotion infrastructure that saves money on staff time, development costs, cash flow risk, insurance, receipting, and ongoing management.


Whereas a typical direct-services charity has program costs like feeding, shelter or counseling, our direct charity program costs include both our event grants as well as items like program staff, signage, event gear, t-shirts, and the fundraising portal.


The total of all Ride for Refuge earned-grants plus our direct event costs equals our charitable program (as defined by the CRA, our national auditor BDO Dunwoody and overseen by our Board of Directors).

Charity Partner Payout Schedule

Once approved, charity partners recruit team captains, who recruit riders and walkers, who in turn fundraise. The total of all online donations and any cash and cheque donations brought in on RIDE Day contributes to their Charity Fundraising Total.

  • Participating charities receive a payout based on how much they raise.
  • Each level is a cumulative payout from dollar one.

Fundraising Total (verified)

Payout Percentage

Up to $5,000

65%

$5,000 - $10,000

70%

$10,000 - $20,000

72.5%

$20,000 - $40,000

75%

$40,000 - $75,000

77.5%

$75,000 - $100,000

80%

$100,000 - $150,000

82.5%

$150,000 plus

85%

Note: The RIDE charges no registration fee for charities, but does require all participating charities to fundraise a minimum of $1000 to receive a grant cheque.


RIDE Math

  • The average participant raises about $300.
  • The average team has 7-8 team members and raise about $2000.
  • The average participant has 6 donors who give on average $50 each.

Audited Financial Statements

Financial Reporting + Accountability

Management and Blue Sea Foundation's independent Board of Directors are responsible for financial statements.

  • The financial statements have been prepared in accordance with Canadian, generally-accepted accounting principles for not-for-profit organizations as established by the Accounting Standards Board of the Canadian Institute of Chartered Accountants.
  • The preparation of financial information is an integral part of the ongoing management of our organization. Management has developed and maintains financial and management controls, information systems and management practices to provide reasonable assurance that financial information is objective and reliable and that the organization's assets are safeguarded.

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View Statements:

BSP Board of Directors

Board of Directors:

The board of directors of Blue Sea Foundation draws from both the business and charitable sectors in Canada.

Melanie Reist

Chairman of the Board

Melanie@morrisonreist.com

Lawyer | Mediator | Morisson Reist

Kitchener, Ontario

Jim Stirtzinger

Director | The Red Lab, Manulife Financial

Kitchener, Ontario

Jeff Chatterton

President | Checkmate Public Affairs

Waterloo, Ontario

Neil Ostrander

CEO | International Teams Canada

Elmira, Ontario

Linda Goodall

Executive Director, The Orillia Lighthouse

Orillia, Ontario

Kristy Guthrie-Roth

Principal Strategist, Brightlight

Kitchener, Ontario

Endorsements

There is no greater praise than hearing a charity partner say "we couldn't do it without you."


“Thanks for the great support for our fundraiser. You provided great planning, tools, web interface, documentation, and training. I am amazed that we raised... much more than our goal.”

Start Me Up Niagara, St. Catharines, Ontario


“What an amazing event we had! Thank you for all your hard work keeping us on track with all the correct answers to our questions. You make it easy for us to raise much-needed funds.”

Brock Mission/Cameron House, Peterborough, Ontario


“It was a fantastic event. The response was 'we can’t wait till next year'. We were so blown away with the money raised, and when my teammate and I sat down to eat we both said our facilities will not hold this next year. We were told that for a first-time event they were shocked that it was so smooth and organized. We really had no negative comments. Lots of fun, family, and friends... thanks for your great team.”

Milton Transitional Housing, Milton, Ontario


“It was a pleasure to participate and my compliments to you and your team for the organization behind the scenes.”

Restore Method of Care, Markham, Ontario


“Thanks to everyone at Blue Sea in making this a fantastic experience for us! The Blue Sea team was truly fantastic! You allowed us to fundraise in a new and inspiring way. Everyone here at Sources cannot believe the positive community feedback on the event and the wonderful result in funds raised.”

Sources, White Rock, British Columbia


“Thank you for allowing us to participate and all the work you do to make this a great success.”

Streets Alive Mission, Lethbridge, Alberta


“Thanks for partnering with us to help serve and uplift the homeless in Edmonton. Another great event - and we couldn’t have done it without your leadership and your team’s hard work. Thank you.”

Hope Mission, Edmonton, Alberta


“You were absolutely tremendous. You handled all our questions with alacrity and good humour. Thanks so much.”

Neighbour 2 Neighbour, Hamilton Mountain, Ontario

Got questions about the Ride for Refuge?
info@rideforrefuge.org | 1.877.743.3413