Tim Horton Children's Foundation

RR#2, 264 Glen Morris Road E.
St. George, ON N0E 1N0
Executive Director: Dave Newnham
President: Bill Moir

Website: www.timhortons.com/ca/en/childrens-foundation/
Charitable Reg. #: 11926 4885 RR0001

Sector: Social Services - Youth

Operating Charity

Charity Rating

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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

Cents to The Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2014	2015	2016

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #110

Avg. Compensation $49,439

Top 10 Staff Salary Range

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

Information from most recent CRA Charities Directorate filings for F2016

About Tim Horton Children's Foundation:

Founded in 1974, the Tim Horton Children’s Foundation gives children from low-income families the chance to develop life skills they need for a successful future. In North America, one in six children live in a low-income home. The Foundation runs camp programs for these kids with the goal that they develop a positive attitude about their future and confidence and thus can succeed in life.

Tim Horton Children’s Foundation has two core programs. Its Youth Leadership and Community Group programs are both camp programs offered to kids at no cost to the family.

Tim Horton Children’s Foundation offers its camp programs at seven locations in Canada. Camp Whiteshell is the newest camp location, which opened in June 2015 in Pinawa, Manitoba. The charity’s annual report states that over 19,000 kids attended its camp programs in 2016.

Tim Horton Children’s Foundation measures its camp programs' impact using three strategies: camp interviews, parent/guardian surveys and Youth Leadership Program Graduate surveys. In 2015, results of the Parent/Guardian survey showed that 86% of parents felt that their kids were more willing to take on responsibility after finishing one of the three camp programs. Results also showed that 89% of parents thought that their child was more comfortable meeting new people after going to camp.

Financial Review:

Tim Horton Children’s Foundation is a Major 100 charity with donations and special events revenues of $29.7m in F2016. Its administrative costs are 7% of revenues and its fundraising costs are 8% of donations. For every dollar donated, 85 cents go towards Tim Horton Children’s Foundation’s programs, falling within Ci’s reasonable range. The charity has funding reserves of $5.1m, resulting in a program cost coverage ratio of 25%. This means that the charity can cover 3 months of its annual program costs using its existing reserves, indicating a need for funding.

This charity report is an update that is currently being reviewed by the Tim Horton Children’s Foundation. Changes and edits may be forthcoming.

Updated on July 28, 2017 by Kevin Silberberg.

Financial Ratios Fiscal year ending October	2016	2015	2014
Administrative costs as % of revenues	7.0%	6.4%	7.0%
Fundraising costs as % of donations	7.8%	9.0%	10.0%
Program cost coverage (%)	25.0%	11.1%	37.3%

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	7,883	5,699	4,026
Fees for service	417	1,886	1,754
Special events	21,829	23,988	23,838
Investment income	0	0	84
Other income	151	307	(89)
Total revenues	30,280	31,880	29,613
Program costs	20,325	21,045	19,114
Administrative costs	2,120	2,048	2,072
Fundraising costs	2,303	2,678	2,792
Cash flow from operations	5,532	6,109	5,635
Funding reserves	5,079	2,328	7,138

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 $151k in F2016, $307k in F2015, and by ($89k) in F2014. Net interest income of $84k in F2014 is included in investment income, increasing revenues and expenses accordingly. Net interest expenses of $83k in F2016 and $17k in F2015 are included in administrative costs. Transportation costs of $4.1m in F2016, $4.2m in F2015, and $3.2m in F2014 are included in program costs. Automobile lease payable is included as an interest-bearing debt, decreasing funding reserves by $8k in F2016, $24K in F2015, and $15k in F2014.

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