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.
C+
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.
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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OVERVIEW
About Halton Learning Foundation:
Halton Learning Foundation is a 3-star charity. I t has reasonable overhead costs and best practices in financial transparency. Its annual report and accountability to donors is below average which is shown in its C+ grade.
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 (HDSB) to assist students and support various school programs. The charity reports that about one in ten students of the HDSB live in poverty. To support students, HLF provides emergency funds, school grants and scholarships.
HLF spent $318k (37% of program spending) on Eliminating Barriers in F2022. This program is an emergency fund that provides immediate financial support to students and families in need. HLF accepts online referrals from principals, teachers, and social workers. The fund supports students’ basic needs and pays for school activities such as field trips. This allows kids to fully participate in school. In F2022, 1,402 students received support for things like food, clothing, transportation, and school supplies.
HLF provided $158k (18% of program spending) in School Support in F2022. This funding allows schools to purchase additional equipment and fund educational programs in four key areas: learning & achievement; equity & inclusion; Indigenous awareness; and mental health & wellbeing. Applications are reviewed by school principals, HLF staff, and HLF board members. HLF reports that it supports about 100 programs in schools across the HDSB annually. In F2022, these funds supported 124 projects at 65 schools.
HLF awarded $126k (15% of program spending) in Scholarships in F2022. HLF partners with organizations and individuals to offer scholarships that help students of the HDSB continue their education beyond high school. In F2022, HLF provided scholarships to 102 students. The average value of each scholarship was $1,236.
The remaining $258k (30%) of program spending went to management fees, salaries, benefits, and event supplies.
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Results and Impact
In F2022, Halton Learning Foundation reports that thanks to its Eliminating Barriers Fund, 88 students were included in field trips and other learning opportunities that they could not otherwise afford.
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 resilience. HLF also reports that the School Grants program can allow students to develop important skills.
While Ci highlights these results, this may not be representative of Halton Learning Foundation’s results and impact.
Halton Learning Foundation is not yet rated on impact (n/r). This does not affect its star rating.
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Finances
Halton Learning Foundation received $938k in donations in F2022. Administrative costs are 18% of total revenues (less investment income). The charity does not report any fundraising costs. For each dollar donated, 82 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Reserve funds of $1.8m can cover program costs for two years and one month at the F2022 level.
This charity report is an update that has been sent to Halton Learning Foundation for review. Changes and edits may be forthcoming.
Updated on August 18, 2023 by Emily Downing.
Financial Review
Fiscal year ending August
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 18.5% | 14.2% | 16.9% |
| Total overhead spending | 18.5% | 14.2% | 16.9% |
| Program cost coverage (%) | 210.6% | 273.9% | 218.7% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 937,699 | 1,079,730 | 958,099 |
| Government funding | 2,687 | 44,268 | 62,810 |
| Fees for service | 0 | 14,711 | 76,250 |
| Investment income | (12,430) | 80,990 | 50,316 |
| Total revenues | 927,956 | 1,219,699 | 1,147,475 |
| Program costs | 859,356 | 705,939 | 713,762 |
| Administrative costs | 173,643 | 162,128 | 185,846 |
| Fundraising costs | 0 | 0 | 0 |
| Total spending | 1,032,999 | 868,067 | 899,608 |
| Cash flow from operations | (105,043) | 351,632 | 247,867 |
| Capital spending | 1,778 | 0 | 457 |
| Funding reserves | 1,809,829 | 1,933,536 | 1,561,007 |
Note: To report on a cash basis, Ci adjusted for changes in deferred revenues, affecting donations by ($100k) in F2022, $100k in F2021, and ($15k) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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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