TVOntario (TVO)

TVO, 2180 Yonge Street 
Toronto, ON M4S 2B9
CEO: Jeffery Orridge
Board Chair: Chris Day

Charitable Reg. #:85985 0232 RR0001

STAR RATING

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

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

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.

63%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 63 cents are available for programs.



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OVERVIEW

About TVOntario (TVO):

TVOntario (TVO) is a 3-star charity. It is financially transparent, has a below-average results reporting grade, and overhead spending outside Ci's reasonable range. 

 

The Ontario Educational Communications Authority operates as TVOntario (TVO) and is the Government of Ontario's partner in digital learning. TVO delivers content, services, and technology to create digital learning experiences. The charity makes children's television shows, educational resources, documentaries, digital videos, podcasts, and articles on current events. It also operates Ontario's largest online high school. TVO runs four main programs: TVO Learn, TVOkids, Independent Learning Centre (TVO ILC), and TVO Today. The charity does not provide a breakdown of spending on its programs. 

 

TVO Learn provides students, teachers, and families with free digital learning resources to aid with the Ontario K-12 curriculum. The charity's main educational programs are TVO Mathify and TVO mPower. TVO Mathify offers students (grades 4-11) free, live, one-on-one math tutoring with Ontario Certified Teachers. In F2022, TVO Mathify provided 120,000 student-tutor chat sessions. TVO mPower offers over 65 games to teach math and STEM skills. Math games were played 1.9 million times on mPower in F2022. TVO Learn also provides elementary course packs, the Ontario Online Course Preview platform for secondary students, and Open House, which provides access to over 140 courses designed by Ontario Certified Teachers.

 

TVOkids is TVO's children's entertainment program, providing over 80 TV programs and 130 digital games. In F2022, TVOkids launched 14 new programs and had 58.6 million views. 

 

TVO's Independent Learning Centre (TVO ILC) provides online schooling for Canadian and international students to earn a high school diploma. Ontario students pay $40 per course and complete them on a flexible schedule. ILC had over 21,500 registered students in F2022. As of March 31, 2022, ILC had 664 international students.

 

TVO Today offers current affairs journalism, documentaries, and podcasts. The charity's network of journalists, Ontario Hubs, had 1.3 million page views in F2022. TVO reports that the average session length for Ontario Hubs videos was 2:31 minutes in F2022. TVO Today also ran six podcasts in F2022, three of which were new. 

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Results and Impact

In F2022, TVO's current affairs, documentary, and children's programming won 12 Canadian Screen awards. 

 

While Ci highlights these key results, they may not be a complete representation of TVO's results and impact. 

 

This charity is not yet rated on impact (n/r). 

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Finances

TVO had donations of $5.3m in F2022. The charity also received $50.2m in government funding, representing 82% of total revenue.

 

Administrative costs are 8% of total revenues (less investment income), and fundraising costs are 29% of total donations. This results in total overhead spending of 37%. For every dollar donated to the charity, 63 cents go to the cause, which is outside of Ci's reasonable range for overhead spending. Over the past three years, average overhead spending was 47%.

 

TVO has $49.4m in reserve funds (cash and investments), which can cover 93% or just over 11 months of its annual program costs. 

 

TVO uses external fundraisers as part of its fundraising activities. In F2022, TVO reported paying $15k to external fundraisers to raise $28k. TVO paid 55 cents for every dollar raised by the external fundraiser in F2022, 97 cents in F2021, and $1.70 in F2020. 

 

This charity report is an update that has been sent to TVO for review. Changes and edits may be forthcoming. 

 

Updated on August 2, 2023, by Sydney Olexa.

Financial Review


Financial Ratios

Fiscal year ending March
202220212020
Administrative costs as % of revenues 7.7%9.3%8.6%
Fundraising costs as % of donations 29.0%38.4%47.8%
Total overhead spending 36.8%47.7%56.3%
Program cost coverage (%) 92.5%86.9%83.1%

Summary Financial Statements

All figures in $000s
202220212020
Donations 5,2686,7796,631
Government funding 64,94349,74250,913
Fees for service 4,0114,2343,109
Business activities (net) 1,0231,0151,063
Investment income 367472842
Other income 359325860
Total revenues 75,97162,56763,418
Program costs 53,38742,73040,729
Administrative costs 5,8455,7455,371
Fundraising costs 1,5292,6063,166
Other costs 683521382
Total spending 61,44451,60249,648
Cash flow from operations 14,52710,96513,770
Capital spending 8,6008,68210,067
Funding reserves 49,36637,15333,851

Note: Ci excluded gain (loss) on asset disposal from revenues, affecting revenues by $nil in F2022, ($1k) in F2021, and ($4k) in F2020. Ci adjusted for deferred donations, government funding, fees for service, business activities, and other income, affecting revenues by ($13.6m) in F2022, $14.0m in F2021, and $915k in F2020. Ci included amortization of deferred capital contributions in other income and adjusted for deferred capital contributions, affecting revenues by ($755k) in F2022, ($772k) in F2021, and ($643k) in F2020. Ci included broadcast rights additions in capital expenditures. To report on a cash basis, Ci adjusted for grant receivable from the Ministry of Education, affecting revenues by $14.7m in F2022, ($14.7m) in F2021, and $nil in F2020.

Salary Information

Full-time staff: 404

Avg. compensation: $116,436

Top 10 staff salary range:

$350k +
1
$300k - $350k
0
$250k - $300k
1
$200k - $250k
1
$160k - $200k
7
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

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No comments have been added by the charity.

Charity Contact

Website: www.tvo.me
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 484-2600

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Charitable Registration Number: 80340 7956 RR0001