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

Donor Accountability

Grade: C

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 $111,958

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 2
< $40k 1
Information from most recent CRA Charities Directorate filings for F2015

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.

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.

Financial Review:

President’s Choice Children’s Charity is a big-cap charity with donations and special events revenues of $16.1m in F2015. Its administrative costs are 5% of revenues, and its fundraising costs are 3% of donations. For every dollar donated, 92 cents go towards PCCC’s programs, falling within Ci’s reasonable range. PCCC has funding reserves of $12.5m, resulting a program cost coverage ratio of 92%. This means that the charity can cover 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 July 28, 2017 by Kevin Silberberg.

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
Program costs 000
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.

Comments added by the Charity:

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