President's Choice Children's Charity

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

Website: www.presidentschoice.ca
Charitable Reg. #: 86842 1546 RR0001
Sector: Social Services - Youth
Operating Charity

Charity Rating

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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

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #6

Avg. Compensation $83,611

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 0
$40k - $80k 4
< $40k 1
Information from most recent CRA Charities Directorate filings for F2014

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 2,271 childhood nutrition programs in 2014, which fed 2.5 million 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 2,021 children in 2014 through personal grants to families. With these grants, PCCC paid for 34,000 hours of therapy and 276 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.

Financial Review:

President’s Choice Children’s Charity is a Big-cap charity that collected $16.1m in donations and special events fundraising in F2015. Administrative costs are 5% of revenues and fundraising costs are 3% of donations, which falls within Ci’s reasonable range for overhead spending. The charity receives recurring donations from Loblaw Companies Ltd., for which PCCC does not incur any related administrative costs because the amounts are not material to the financial statements.

Funding reserves of $12.5m can cover 92% of annual granting.

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 June 21, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending December 		201520142013
Administrative costs as % of revenues 4.7%4.0%3.9%
Fundraising costs as % of donations 3.2%3.1%2.8%
Program cost coverage (%) 91.7%77.1%75.8%

Summary Financial Statements

All figures in $000s 		201520142013
Donations 2,0001,8001,800
Special events 14,10013,41912,478
Investment income 9711460
Total revenues 16,19715,33314,337
Grants 13,67614,85214,255
Administrative costs 760607557
Fundraising costs 510474404
Cash flow from operations 1,251(599)(878)
Funding reserves 12,54311,44710,797
Note: Special events fundraising consists of regional income and national events. Fundraising costs include national event fundraising costs and marketing expenses.

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