MLSE 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.
A-
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.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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OVERVIEW
About MLSE Foundation:
MLSE Foundation is a 5-star charity. It is financially transparent, has overhead spending within Ci's reasonable range, and has above-average reporting of its results for donors.
Established in December 2009, Maple Leaf Sports and Entertainment (MLSE) Foundation funds youth programs and helps to refurbish local athletic facilities. MLSE Foundation believes that all youth should have the opportunity to participate in sport. The foundation states that less than 10% of Ontario’s youth are getting enough physical activity. MLSE Foundation reports that it has invested $45m into Ontario communities since 2009. The most recent annual report MLSE Foundation has released at the time of this profile update reports on F2020 results.
MLSE LaunchPad represented 75% of program spending in F2020. MLSE Launchpad is a 42,000-square-foot facility in Toronto with sport courts, classrooms, a rock-climbing wall, a teaching kitchen, and a wellness room. MLSE Launchpad offers free sport, life skills, and employment training programs for youth aged 6-29. In F2020, the foundation offered 194 programs at MLSE LaunchPad.
Community Programs and Grants represented 18% of program spending in F2020. MLSE Foundation grants up to $50,000 to Ontario-based agencies that create positive outcomes for youth in physical health, mental health, academic achievement, and work readiness. In F2020, the foundation provided funding to 20 organizations. In addition to providing grants to other organizations, MLSE Foundation offers free community programs that create employment opportunities and remove barriers to organized sport.
Community Spaces Projects represented the remaining 7% of program spending in F2020. Through this program, MLSE Foundation refurbishes athletic facilities to create more opportunities for youth to get moving in their community.
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Results and Impact
In F2020, MLSE Foundation evaluated a two-week day camp provided through MLSE LaunchPad. The study followed 45 participants and found that the camp successfully increased physical literacy in youth facing barriers.
To study the impact of MLSE LaunchPad programs on youth, MLSE Foundation completed a two-year longitudinal study that concluded in 2020. The study found that youth in MLSE LaunchPad programs demonstrated increased physical literacy and physical activity.
While Ci highlights these key results, they may not be a complete representation of MLSE Foundation’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
MLSE Foundation had total donations and special event revenue of $5.3m in F2021. The charity also received $2.1m in net lottery revenue. Administrative costs are 3% of revenues (less investment income), and fundraising costs are 12% of donations. This results in total overhead spending of 15%. For every dollar donated, 85 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
MLSE Foundation has $5.9m in funding reserves, which could cover 119% or one year and two months of its annual program costs.
This charity report is an update that has been sent to MLSE Foundation for review. Changes and edits may be forthcoming.
Updated on August 9, 2022, by Sydney Olexa.
Financial Review
Fiscal year ending June
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.0% | 1.6% | 1.5% |
| Fundraising costs as % of donations | 11.7% | 22.5% | 27.8% |
| Total overhead spending | 14.7% | 24.1% | 29.3% |
| Program cost coverage (%) | 119.3% | 44.9% | 129.8% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 3,713 | 3,374 | 3,483 |
| Goods in kind | 120 | 231 | 173 |
| Lotteries (net) | 2,099 | 4,500 | 1,677 |
| Special events | 1,613 | 2,408 | 2,906 |
| Investment income | 10 | 31 | 20 |
| Total revenues | 7,555 | 10,544 | 8,259 |
| Program costs | 142 | 114 | 500 |
| Grants | 4,844 | 8,638 | 5,616 |
| Donated goods exp | 0 | 18 | 0 |
| Administrative costs | 228 | 168 | 123 |
| Fundraising costs | 624 | 1,303 | 1,773 |
| Total spending | 5,839 | 10,240 | 8,012 |
| Cash flow from operations | 1,717 | 304 | 247 |
| Capital spending | 0 | 34 | (10) |
| Funding reserves | 5,950 | 3,932 | 7,940 |
Note: Ci reported lottery income net of expenses, decreasing total revenues and expenses by $3.3m in F2021, $2.8m in F2020, and $6.3m in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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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: 416-815-5400