Learning Enrichment Foundation
Toronto, ON M6M 4L8
President: James McLeod
Treasurer: Arthur Kennedy
Charitable Reg. #: 11924 1859 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #193
Avg. Compensation $57,388
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||0|
|$40k - $80k||9|
About Learning Enrichment Foundation:
Founded in 1978, Learning Enrichment Foundation serves the northwest Toronto community by providing services in child care, youth programs, settlement, language training, skill advancement, employment, and community enterprises. The programs help 10,000 families every year and most of them take place at 116 Industry Street in Toronto, the charity's main office. Child care services is the charity's main program, operating at 17 child care centres and 15 before and after school programs in Toronto. The charity's child care services work with over 1,100 children aged 0 to 12 every day. The child care programs fully embrace Ontario’s proclaimed pedagogy for early learning, “How Does Learning Happen.” In F2015, 73% of total revenue came from fees and donations to child care services.
In F2015, Learning Enrichment Foundation spent 14% of revenues on administrative costs and 4% of donations on fundraising costs. Total overhead costs of 18% fall within Ci's reasonable range.
As of F2015, the charity has cash of $1.4m and mortgages of $658k, resulting in funding reserves of $727k, which can cover annual programs for less than 1 month, indicating a severe funding need.
Analysis updated by Ruoxi Gao in 2016, currently under review by Learning Enrichment Foundation.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||13.7%||12.3%||12.2%|
|Fundraising costs as % of donations||3.8%||13.5%||8.3%|
|Program cost coverage (%)||4.6%||4.6%||3.0%|
Summary Financial StatementsAll figures in $000s
|Fees for service||11,966||10,233||9,518|
|Business activities (net)||143||109||107|
|Cash flow from operations||355||92||240|