Boundless School

203 Lonsmount Drive
Executive Director: Steven Gottlieb
Board President: Stan Segal

Charitable Reg. #: 12422 5855 RR0001
Sector: Social Services - At-Risk Youth
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Good

Full-time staff #11

Avg. Compensation $60,976

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 3
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Boundless School:

The Boundless School was founded in 1984 as an outdoor adventure centre, and became a charity in 1989. Its mission is "to have our students return home feeling like champions; accomplished, selfless and with a new way of seeing things." The Boundless School aims to improve the lives of a diverse group of at-risk youth from Toronto's public school system. Boundless reports that 100% of its students have achieved credits below their grade level, 93% of students presented diagnosed mental health and learning challenges, and 94% of students experienced long-term school interruptions. The Boundless School strives to help youth return to high school and graduate. 

The Boundless School's boarding school program offers 20, 40 and 50-day sessions to teens aged 15 to 19. Students have an opportunity to earn high school credits for Math, English, History and elective courses. In F2017, the Boundless Live-In School (BLISS) served 88 students, with 82 students completing the program. Further, BLISS issued 322 of 336 possible credits. BLISS students' grades improved by over 22% in English, Math and History courses. It reported that 44 students completed their full high school diploma at Boundless and 91% of remaining students returned to mainstream school full time.

The Boundless School also offers 5-day adventure programs in partnership with several Ontario-based community agencies. The programs can allow students to earn high school credits. In F2017, the group program served 132 students, with 129 youths successfully completing the program. The program issued 149 out of 151 possible credits.

Charity Intelligence has researched Boundless School since 2009. Boundless is a consistently high-rated charity with high charity impact, particularly for donors looking to help at-risk kids graduate from high school. Boundless was included in Ci's 2015 Canadian Charity Impact fund as a top 10 impact charity.

Financial Review:

The Boundless School is a small-cap charity, with donations of $739k in F2017. Its financial statements and CRA filings do not explicitly disclose administrative costs. Ci has calculated administrative costs at 4% of revenues in F2017. Fundraising costs, as disclosed on the charity's T3010A filing account for 6% of donations. For every dollar donated to the charity, 91 cents goes towards its programs, falling within Ci's reasonable range. The charity has funding reserves of $888k. This can cover a little over 6 months of the charity's programs.

This charity report is an update that is being reviewed by The Boundless School. Changes and edits may be forthcoming.

Updated on August 18, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 3.8%3.7%3.9%
Fundraising costs as % of donations 5.6%4.5%0.0%
Program cost coverage (%) 50.6%159.9%151.7%

Summary Financial Statements

All figures in $s
Donations 739,314624,568407,302
Government funding 533,104539,925540,717
Fees for service 1,029,954923,388951,252
Business activities (net) 2,2654,2784,614
Investment income 39,60242,11841,373
Total revenues 2,344,2392,134,2771,945,258
Program costs 1,754,0531,636,9331,598,136
Administrative costs 87,07776,75573,304
Fundraising costs 41,17728,0000
Other costs 2,1276,50114,393
Cash flow from operations 459,805386,088259,425
Funding reserves 888,0682,617,6642,424,644
Note: Note: Ci has adjusted deferred revenue and Ministry of Children and Youth Services deferred revenue affecting revenues by $36k in F2017, $94k in F2016 and by ($7k) in F2015. Ci has adjusted amortization affecting expenses by ($52k) in F2017, ($112k) in F2016 and by ($101k) in F2015. Administrative costs may be understated as Ci cannot accurately allocate expenses with the provided information.

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