Tim Horton Children's Foundation

RR#2, 264 Glen Morris Road E.
St. George, ON N0E 1N0
Executive Director: Dave Newnham
Board Chair: David Clanachan

Charitable Reg. #:11926 4885 RR0001

STAR RATING

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✔+

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.

79%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.



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Programs

About Tim Horton Children's Foundation:

Founded in 1974, Tim Horton Children’s Foundation (THCF) runs 7 camps in Canada and the United States that host teens from low-income families. The camp programs help teens develop positive skills and attitudes to prepare them for adulthood. THCF reports that 1.2 million children and youth live in poverty in Canada, along with 15 million in the United States, therefore, access to the supports and opportunities that allow them to thrive are scarce. Two types of camp programs are offered: Youth Leadership hosts teens during the summer, and Community Group runs during the rest of the year for school groups. Both programs are free for students.

In F2018, Tim Horton Children’s Foundation provided camp experiences for over 20,000 teens from across Canada and northern US. Teens attend Tim Horton camps more than once, with the time between visits intended as a chance to implement the skills learned at camp. Teens in the Youth Leadership program attend camp for 10 days per summer for 5 years. The Community Group program hosts participants twice for 4-day, overnight stays. Since its inception, THCF reports that the Tim Horton camp experience has inspired over 275,000 young people.

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Finances

Tim Horton Children’s Foundation is a Major 100 charity with donations and special events revenues of $28.8m in F2018. The largest source of revenue reported by the foundation was Camp Day, a special event collecting the revenue from coffee sales and Camp Day bracelets at Tim Horton restaurants. In F2018, Tim Horton Children’s Foundation’s administrative costs are 7% of revenues and its fundraising costs are 15% of donations. For every dollar donated, 79 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

Tim Horton Children's Foundation has funding reserves of $2.3m, resulting in a program cost coverage ratio of 9.2%. This means that the charity can cover 1 month of its annual program costs using its existing reserves.

This charity report is an update that has been sent to Tim Horton Children’s Foundation for review. Changes and edits may be forthcoming.

Updated on July 2, 2019, 2019 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending October
201820172016
Administrative costs as % of revenues 6.9%6.7%7.0%
Fundraising costs as % of donations 14.5%10.3%7.8%
Total overhead spending 21.4%17.1%14.8%
Program cost coverage (%) 9.2%24.3%25.0%

Summary Financial Statements

All figures in $000s
201820172016
Donations 8,4158,3257,883
Fees for service 302316417
Special events 20,35322,27521,829
Other income 139(522)151
Total revenues 29,20930,39430,280
Program costs 25,42722,84620,325
Administrative costs 2,0132,0392,120
Fundraising costs 4,1613,1632,303
Total spending 31,60128,04824,748
Cash flow from operations (2,392)2,3465,532
Capital spending 1,8491,8282,330
Funding reserves 2,3295,5555,079

Note: Special event fundraising consists of contributions from the Coin Donation program, Mission 10 Million Campaign and Camp Day. Ci adjusted for foreign exchange gains and changes in accounts and pledged donations receivable in other revenue, affecting total revenues by $139k in F2018, ($522k) in F2017, and $151k in F2016. Net interest expenses of ($45k) in F2018, $8k in F2017, and $83k in F2016 are included in administrative costs. Transportation costs of $4.9m in F2018, $4.7m in F2017, and $4.1m in F2016, are included in program costs. Automobile lease payable is included as an interest-bearing debt, decreasing funding reserves by $8k in F2016. As of F2017, no interest-bearing debts remain.

Salary Information

Full-time staff: 100

Avg. Compensation $77,085

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
0
$120k - $160k
2
$80k - $120k
7
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.timhortons.com/ca/en/childrens-foundation/
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