Toronto International Film Festival

350 King Street W
Toronto, ON M5V 3X5
Executive Director: Michèle Maheux
Board Chair: Jennifer Tory

Charitable Reg. #:11930 4541 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

B

RESULTS REPORTING

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

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

64%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 64 cents are available for programs.



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Programs

About Toronto International Film Festival:

Founded in 1976, TIFF (Toronto International Film Festival) offers screenings, lectures, discussions, festivals, workshops, events, professional development, and opportunities to meet filmmakers from Canada and around the world. TIFF aims to transform the way people view the world through film. Outside of TIFF Lightbox film which has daily movie showings, the charity runs festivals, learning programs, and community initiatives.  

In F2018, TIFF ran three film festivals: the Toronto International Film Festival, TIFF KIDS, and Next Wave. The Toronto International Film Festival was the charity’s largest festival of the year, featuring 254 films as well  88 as short films, and welcoming over 800 guests in F2018. TIFF KIDS displayed over 100 films and ran hands-on, family-friendly activities including some using green screens. Lastly, Next Wave welcomed 3,243 people under the age of 25 to watch old movies and engage in programming giving a look into the behind the scenes of film making.

The charity runs two learning programs: higher learning and school programs. The higher learning program is designed to bridge the gap between the film industry and filmmakers. In F2018, the charity ran 76 events and tours. Through school programs, TIFF provides students and teachers with the opportunity to learn about filmmaking, animation, special-effects makeup, and sound effects. In F2018, 10,978 people participated in 321 school workshops.

Through community initiatives, TIFF aims to ensure that people of all ages are given the opportunity to engage in creative expression through film. TIFF collaborates with non-profit community organizations to create experiences that fit the specific needs, interests, and abilities of different groups. In F2018, the charity ran 146 free events across the GTA, giving 6,501 individuals access to programming.

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Finances

Toronto International Film Festival is a large charity, with donations of $19.8m in F2018. Ticket sales and memberships contribute 39% of total revenues, at $17.5m in F2018. Its administrative costs are 13% of revenues, and its fundraising costs are 23% of donations. For every $1 donated to the charity, 64 cents go to its programs. This is just outside Ci’s reasonable range for overhead costs. The charity’s funding reserves are ($23m) due to $28.3m in outstanding long-term construction loans issued by the Ontario government. 

This charity report is an update that has been sent to Toronto International Film Festival. Changes and edits may be forthcoming.

Updated on June 27, 2019 by Stefan Tetzlaff.

Financial Review


Financial Ratios

Fiscal year ending December
201820172016
Administrative costs as % of revenues 12.5%12.4%13.0%
Fundraising costs as % of donations 23.1%20.3%18.0%
Program cost coverage (%) (68%)(67.1%)(73.7%)

Summary Financial Statements

All figures in $000s
201820172016
Donations 19,80117,24919,400
Government funding 4,1555,6074,696
Fees for service 17,51417,39017,266
Business activities (net) 3,6573,2392,947
Investment income 128618500
Total revenues 45,25544,10344,809
Program costs 33,80932,58031,066
Administrative costs 5,6325,3825,765
Fundraising costs 4,5763,5003,500
Other costs 1,2961,4291,558
Cash flow from operations (58)1,2112,921
Capital spending 000
Funding reserves (22,998)(21,866)(22,893)

Note: Ci removed gain on sale of capital assets from revenue in F2017, reducing total revenues by $456k. Ci backed administrative costs and fundraising costs from operational expenses based on figures presented in the annual report.   

Salary Information

Full-time staff: 245

Avg. Compensation $68,934

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
2
$160k - $200k
2
$120k - $160k
2
$80k - $120k
4
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

Comments added by the Charity:

 

 

 

 

 

Sources:

Barry Hertz, "Guess who's coming to TIFF", Globe and Mail, July 13, 2017

Peter Debruge, "Has the Toronto Film Festival Gotten Too Big"..., Variety Sept. 16, 2016 

Karissa Donkin, "TIFF's economic impact reaches $189 million, study says", Toronto Star, July 18, 2013 

Ontario 2015 "Sunshine List" https://www.ontario.ca/page/public-sector-salary-disclosure-2015-all-sectors-and-seconded-employees

 

 

Charity Contact

Website: www.tiff.net
This email address is being protected from spambots. You need JavaScript enabled to view it.

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