Canadian Tire Jumpstart
Toronto, ON M4P 2V8
President & CEO: Landon French
Board Chair: Owen G. Billes
Charitable Reg. #: 13792 9451 RR0002
Grade: B-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #20
Avg. Compensation $68,876
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||3|
|$40k - $80k||5|
About Canadian Tire Jumpstart:
Launched in 2005, Canadian Tire Jumpstart tackles Canada’s issue of inactivity in kids. Through its trademark Jumpstart program, the charity helps families facing financial struggles so that they can enroll their kids in sports programs within the community. Canadian Tire Jumpstart has 300 Chapters operating across Canada that provide funding for families that cannot cover the costs of sports registration, equipment and transportation. Volunteers run these Chapters and work with community partners to identify kids, from financially disadvantaged families, who want to get active.
The charity’s annual report states that all money raised by a given Chapter remains in the community. Canadian Tire Jumpstart shares a close relationship with Canadian Tire Corporation and receives annual donations to cover the charity’s general administrative expenses. With this financial aid, Jumpstart claims that every publicly-donated dollar goes directly to supporting kids in need. Canadian Tire Jumpstart also provides funding for community groups that run youth sports and recreational programs. Supported groups include the Boys and Girls Clubs of Ottawa and Club de L’Espoir (Hope Club) in Montreal.
In 2015, Canadian Tire Jumpstart reached a major milestone of cumulatively reaching over one million children since its inception in 2005. The charity reports that it supported 220,922 kids in 2016. Based on total operating costs of $22.8m, Jumpstart spent $103 per child.
Canadian Tire Jumpstart is a Major 100 charity with total donations of $21.3m in F2016. Administrative costs were 6% of revenues and fundraising costs were 25% of donations. As such, for every $1 donated, 69 cents go to the cause. This falls within Charity Intelligence’s reasonable range of overhead spending.
Charity Intelligence omitted donations received from Canadian Tire Corporation (CTC) when calculating the fundraising ratio, as the audited financials do not break down the donations from CTC. The charity notes that fundraising costs for CTC were $1.8m in F2016 (9% of donations) and $4.0m in F2015 (20% of donations). The audited financials also do not include additional advertising, benefits, travel and office space costs of $1.4m in F2016, $2.0m in F2015, and $4.3m in F2014 provided by Canadian Tire Corporation.
Canadian Tire Jumpstart holds funding reserves of $3.1m, of which $883k are donor-endowed. Excluding donor-endowed funds, the charity’s reserves cover only 11% of annual programs costs, showing a need for funding.
The charity report is an update that is currently being reviewed by Canadian Tire Jumpstart. Edits and changes may be forthcoming.
Updated on June 6, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||5.9%||5.2%||9.2%|
|Fundraising costs as % of donations||24.7%||20.7%||8.1%|
|Program cost coverage (%)||14.8%||7.2%||8.3%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(122)||753||(1,278)|