President's Choice Children's Charity

1 President's Choice Circle
Brampton, ON L6Y 5S5
Board Chair: Sarah Davis
Secretary: Deborah Morshead

Charitable Reg. #:86842 1546 RR0001

STAR RATING

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

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✔+

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.

93%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.

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Programs

About President's Choice Children's Charity:

President’s Choice Children’s Charity (PCCC) was founded in 2000 and aims to help kids who struggle with childhood hunger or have disabilities and require specialized equipment or therapy. PCCC is a granting charity – all program costs consisting of donations to other organizations and people in need. It has two major granting programs: Nutrition and Special Needs Assistance. 

To fight childhood hunger, President’s Choice Children’s Charity’s Nutrition program funds two charities: Breakfast for Learning and the Boys & Girls Clubs of Canada. With PCCC funding, both charities direct Childhood Nutrition Grants to schools and organizations across Canada. PCCC’s Nutrition grants supported 2,139 childhood nutrition programs in 2016, and served 3.1 million breakfasts to 449,504 children. In 2017, PCCC acquired Breakfast for Learning in an effort to reach more Canadian children.

President’s Choice Children’s Charity supports children with disabilities through its Special Needs Assistance granting program. PCCC grants money to families who require specialized equipment and services for their disabled child. The charity served 3,789 children in 2016 through personal grants to families. With these grants, PCCC paid for 26,300 hours of therapy and 320 children received home/vehicle accessibility modifications.

President’s Choice Children’s Charity receives annual donations from Loblaw Companies that cover administration and operation costs. With this support, PCCC claims that every dollar donated goes to helping kids through its granting activities.

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Finances

President’s Choice Children’s Charity is a big-cap charity with donations and special events revenues of $17.0m in F2016. Its administrative costs are 4% of revenues and its fundraising costs are 3% of donations. For every dollar donated, 93 cents go towards PCCC’s programs, falling within Ci’s reasonable range. PCCC has funding reserves of $13.0m, resulting in a program cost coverage ratio of 89%. This means that the charity can cover just under 11 months of its annual program costs using its existing reserves.

This charity report is an update that is currently being reviewed by President’s Choice Children’s Charity. Changes and edits may be forthcoming.

Updated on August 29, 2017 by Kevin Silberberg.

Financial Review


Financial Ratios

Fiscal year ending December
201620152014
Administrative costs as % of revenues 3.8%4.7%4.0%
Fundraising costs as % of donations 3.1%3.2%3.1%
Program cost coverage (%) 88.5%91.7%77.1%

Summary Financial Statements

All figures in $000s
201620152014
Donations 2,0002,0001,800
Special events 15,03714,10013,419
Investment income 9897114
Total revenues 17,13516,19715,333
Grants 14,71013,67614,852
Administrative costs 641760607
Fundraising costs 531510474
Cash flow from operations 1,2541,251(599)
Funding reserves 13,01512,54311,447

Note: Special events fundraising consists of regional income and national events. Fundraising costs include national event fundraising costs and marketing expenses.

Salary Information

Full-time staff: 7

Avg. Compensation $77,194

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
2
$40k - $80k
4
< $40k
0

Information from most recent CRA Charities Directorate filings for F2016

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Comments & Contact

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Charity Contact

Website: www.presidentschoice.ca
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