The ROM Governors office follows best practices in regards to transparency and governance. Read about the AFP Ethics Guidelines, Codes and Standards. Scott Forfar, Vice President & Chief Operating Officer, ROM Governors, sits on Imagine Canada’s national Peer Review Panel.
The ROM Governors office publishes financial information through the following channels:
Canada Revenue Agency
The ROM Governors reports annually to the Canada Revenue Agency (CRA) via the Registered Charity Information Return (T3010). The ROM Governors charitable registration number is 136282126RR0001.
Audited Financial Statements
2009/10 ROM Governors Audited Statement (PDF)
2010/11 ROM Governors Audited Statement (PDF)
2011/12 ROM Governors Audited Statement (PDF)
2012/13 ROM Governors Audited Statement (PDF)
2013/14 ROM Governors Audited Statement (PDF)
For questions regarding the financial practice of the ROM Governors or audited financial statements, please contact Scott Forfar, Vice President & Chief Operating Officer at firstname.lastname@example.org or 416.586.8012.
The Royal Ontario Museum is an agency of the Ontario Ministry of Culture. The ROM Board of Trustees is responsible for the conduct of the Museum and is vested with powers by the Legislature of Ontario, in accordance with the Royal Ontario Museum Act and is subject to the provisions of the Corporations Act and the Trustees Act.
The Annual Report describes Museum activities in the past fiscal year and accounts for all monies spent. As required, the accounts and financial transactions are audited by an independent auditor appointed by the Board and the Annual Report is presented to the Lieutenant Governor in Council. View the 2012/13 ROM Year in Review and an archive of ROM annual reports.
View the ROM Governors 2013/14 Annual Highlights piece.
View the ROM Governors Philanthropic Impact Report for our Centres of Discovery:
CharityFocus is the premier tool for finding information about the 85,000 registered charities in Canada. It is a program of Imagine Canada, a national charitable organization whose cause is Canada’s charities and non-profits. The ROM Governors office provides additional information (audit statements, annual report) to the profile prepared by CharityFocus.
The ROM Governors office received an overall “A” grade in the MoneySense Charity 100 report for 2013. Compiled annually by MoneySense, this report grades Canada’s biggest 100 charities based on charity efficiency, fundraising efficiency, governance and transparency and reserve fund size.
The ROM Governors is accredited under the Imagine Canada Standards Program. Launched in May 2012, Imagine Canada's Standards Program is among the first of its kind at a national level and is designed to strengthen public confidence in the charitable and non-profit sector. It offers accreditation to charities and non-profits that can demonstrate excellence in five key areas, including Board governance, financial accountability and transparency, fundraising, staff management and volunteer involvement.