Halton Learning Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
Low
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.
82%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.
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Programs
About Halton Learning Foundation:
Founded in 2004, Halton Learning Foundation (HLF) helps to eliminate financial barriers to education for public school students in Burlington, Halton Hills, Milton, and Oakville. HLF collaborates with the Halton District School Board to assist students and support various school programs. The charity reported that about one in ten students of the Halton District School Board live in poverty. To support students, HLF provides emergency funds, student subsidies, scholarships, and school grants. Since 2004, the foundation has disbursed $2.3 million to help more than 13,000 students. HLF has also granted over $2 million in school grants.
Eliminating Barriers represented 49% of program spending in F2019. This program is an emergency fund that provides immediate financial support to students and families in need. HLF accepts referrals from principals, teachers, and social workers. The fund supports students’ basic needs and subsidizes school activities such as field trips, allowing kids to fully participate in school. In F2019, HLF provided financial support to 1,187 students. On average, each student received $225.
School grants represented 35% of program spending in F2019. Grants allow schools to purchase additional equipment and fund educational programs in five key areas: arts & music, media literacy, environment, physical education, and mental health. Applications are reviewed by school principals, HLF staff, and HLF board members. Schools can receive up to $5,000 for environmental initiatives and up to $1,500 for the other categories. In F2019, HLF provided 114 grants to 61 schools across the Halton District School Board. Each approved school received an average of $3,184.
Scholarships represented 16% of program spending in F2019. HLF partners with organizations and individuals to offer scholarships that help students of the Halton District School Board continue their education beyond high school. In F2019, HLF provided scholarships to 91 students. The average value of each scholarship was $957.
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Results and Impact
Charity Intelligence has rated Halton Learning Foundation as Low impact based on demonstrated impact per dollar.
According to the foundation, the Eliminating Barriers program can positively impact a student’s physical health and the ability to focus academically. The program can also help build self-esteem and resiliency.
Ci was unable to find any quantified outcome data for Halton Learning Foundation.
Impact Rating: Low
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Finances
Halton Learning Foundation is a Small charity, receiving $978k in donations in F2019, an increase of 29% compared to F2018 ($757k). The charity also received $82k in fees for service in F2019.
Administrative costs are 18% of revenues. The foundation did not report any fundraising costs. For every dollar donated, 82 cents go the cause. This is within Ci’s reasonable range for overhead spending. The foundation holds $1.3m in funding reserves, of which $233k is donor-endowed. Excluding donor-endowed funds, Halton Learning Foundation can cover 1.4 years of annual program costs.
This charity report is an update that has been sent to Halton Learning Foundation for review. Changes and edits may be forthcoming.
Updated on June 16, 2020 by Tenzin Shomar.
Financial Review
Fiscal year ending August
|
2019 | 2018 | 2017 |
|---|---|---|---|
| Administrative costs as % of revenues | 18.1% | 20.2% | 21.2% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 18.1% | 20.2% | 21.2% |
| Program cost coverage (%) | 143.1% | 133.9% | 118.9% |
Summary Financial StatementsAll figures in $s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 978,106 | 756,827 | 634,957 |
| Fees for service | 82,135 | 76,240 | 130,908 |
| Investment income | 48,444 | 32,594 | 13,110 |
| Total revenues | 1,108,685 | 865,661 | 778,975 |
| Program costs | 297,251 | 270,603 | 285,568 |
| Grants | 463,688 | 405,392 | 421,475 |
| Administrative costs | 191,541 | 168,624 | 162,585 |
| Fundraising costs | 0 | 0 | 0 |
| Total spending | 952,480 | 844,619 | 869,628 |
| Cash flow from operations | 156,205 | 21,042 | (90,653) |
| Capital spending | 0 | 2,001 | 0 |
| Funding reserves | 1,304,854 | 1,116,875 | 1,039,794 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
3 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2019
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905-335-3665