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.
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.
83%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.
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Programs
About MLSE Foundation:
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 parents spend an average of $579 each year on sport, making it unaffordable for low-income households. Further, less than 10% of Ontario’s youth are getting enough physical activity. Since 2009, MLSE Foundation has spent $35 million on programs and grants that align with their four impact areas: healthy body, healthy mind, ready for school, and ready for work.
MLSE Launchpad represented 67% of program spending in F2019. MLSE Launchpad is a 42,000 square foot facility in Toronto with one large gymnasium, three 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 F2018, the foundation provided 55 weekly programs and 6,072 program hours to its 3,716 members.
Community grants represented 20% of program spending in F2019. MLSE Foundation grants up to $50,000 to Ontario-based organizations that meet certain criteria. Grantees must align with the foundation’s four impact areas and value diversity in their programming. Through Community Action Grants, MLSE Foundation has provided funding to 65 organizations. In F2018, the foundation invested $250,000 in community programs operating at Regent Park Athletic Grounds.
Community projects represented 8% of program spending in F2019. In partnership with other community organizations, MLSE Foundation operates three main community programs. Hockey in the Neighbourhood runs every weekend from September through March and provides equipment and on-ice instruction to youth aged 6-12. KickStart Soccer is a nine-week program led by community coaches that help youth increase friendships and improve soccer skills. Beyond the Rim Basketball is a mentorship program for high-risk communities in Scarborough. The program empowers local high school students to act as mentors and coaches in academics and basketball.
Community space projects represented 5% of program spending in F2019. The program aims to reinvigorate community spaces through community-led space design. In F2018, MLSE Foundation collaborated with the City of Toronto to refurbish Sir Adam Beck Rink and launch a girls’ Hockey in the Neighbourhood program.
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Results and Impact
In F2018, MLSE Foundation released survey results on MLSE Launchpad programs. According to the survey, 85% of participants demonstrated improvement in physical literacy. 98% of youth at MLSE Launchpad felt like they matter, and 93% of summer participants report an increase in confidence. The charity does not report the proportion of participants that the surveys reached.
Results data is from F2018 as the 2019 Annual Report has not been posted on the charity's website at the time this report was created.
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Finances
MLSE Foundation is a Large charity, receiving $11m in donations and special event revenue in F2019, up 90% from $5.8m in F2018 largely due to a $4.6m increase in deferred donations. The charity also received donated goods-in-kind worth $173k in F2019, down from $325k in F2018. Net lottery revenue was $1.7m in F2019 down from $2.0m in F2018.
Administrative costs are 1% of revenues and fundraising costs are 16% of donations. For every dollar donated, 83 cents go the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $7.9m can cover 1.3 years of 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 June 10, 2020 by Tenzin Shomar.
Financial Review
Fiscal year ending June
|
2019 | 2018 | 2017 |
---|---|---|---|
Administrative costs as % of revenues | 1.0% | 1.7% | 1.2% |
Fundraising costs as % of donations | 16.1% | 30.9% | 19.8% |
Total overhead spending | 17.1% | 32.6% | 20.9% |
Program cost coverage (%) | 129.8% | 18.9% | 11.3% |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
---|---|---|---|
Donations | 8,102 | 3,117 | 5,707 |
Goods in kind | 173 | 325 | 390 |
Lotteries (net) | 1,677 | 2,018 | 1,813 |
Special events | 2,906 | 2,673 | 2,738 |
Investment income | 20 | 3 | 0 |
Total revenues | 12,877 | 8,136 | 10,649 |
Program costs | 500 | 466 | 4,221 |
Grants | 5,616 | 7,236 | 4,705 |
Administrative costs | 133 | 142 | 123 |
Fundraising costs | 1,773 | 1,787 | 1,671 |
Total spending | 8,022 | 9,630 | 10,720 |
Cash flow from operations | 4,856 | (1,494) | (71) |
Capital spending | (10) | 0 | 0 |
Funding reserves | 7,940 | 1,452 | 1,009 |
Note: Ci deducted lottery expenses from lottery income, lowering total revenue and total costs by $6.3m in F2019, $2.9m in F2018, and $2.9m in F2017. Ci included deferred contributions in donations, increasing revenues by $4.6m in F2019 and decreasing revenues by $580k in F2018, and $74k in F2017.
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 F2019
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Comments & Contact
Comments added by the Charity:
Charity Contact
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