Halton Learning Foundation
Burlington, ON L7R 3Z2
Executive Director: Lesley Mansfield
Board Chair: David Grant
Website: www.haltonlearningfoundation.ca
Charitable Reg. #: 88997 5223 RR0001
Charity Rating
Donor Accountability
Grade: B
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
Spending Breakdown
Full-time staff #3
Avg. Compensation $82,814
Top 10 Staff Salary Range
| $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 |
About Halton Learning Foundation:
The Halton Learning Foundation (HLF) partners with individuals, corporations and community foundations to eliminate financial barriers to education for public school students in Acton, Burlington, Georgetown, Milton and Oakville. The Halton Learning Foundation is an independent body that collaborates with the Halton District School Board to assist Halton students and support school programs. It provides assistance through emergency funds for students in need, post-secondary scholarships, and engagement funds that help schools purchase tools and resources to engage students in learning. In F2015, $325k was spent on the Halton District School Board for equipment, events, and programs.
Financial Review:
In F2015, the Halton Learning Foundation spent 6% of revenues on administrative costs, up from 2% in F2014. Fundraising costs were 9% of donations in F2015, down from 15% in F2014. The Halton Learning Foundation has total funding reserves of $1.1m, which can cover annual grants and programs for 1.7 years.
Financial RatiosFiscal year ending August |
2015 | 2014 | 2013 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.8% | 2.2% | 2.4% |
| Fundraising costs as % of donations | 9.0% | 15.2% | 9.5% |
| Program cost coverage (%) | 171.2% | 103.0% | 112.9% |
Summary Financial StatementsAll figures in $s |
2015 | 2014 | 2013 |
|---|---|---|---|
| Donations | 676,997 | 844,840 | 878,076 |
| Fees for service | 126,700 | 243,519 | 189,200 |
| Investment income | 14,823 | 18,204 | 20,916 |
| Total revenues | 818,520 | 1,106,563 | 1,088,192 |
| Program costs | 320,234 | 414,204 | 349,336 |
| Grants | 324,595 | 571,811 | 613,018 |
| Administrative costs | 46,321 | 23,595 | 25,809 |
| Fundraising costs | 61,104 | 128,302 | 83,475 |
| Cash flow from operations | 66,266 | (31,349) | 16,554 |
| Funding reserves | 1,104,127 | 1,015,345 | 1,086,625 |
For more information on Canadian charities, please visit www.charityintelligence.ca
The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability. No attempt has been made to examine the effectiveness of the charities' programs.
Comments added by the Charity:
No comments have been added by charity