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

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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Results Reporting

Grade: B

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¢

2015	2016	2017

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, Tim Horton Children’s Foundation 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. 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 2017, Tim Horton Children’s Foundation provided camp experiences for more than 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.

Results and Impact: Tim Horton Children’s Foundation has reported working with Mission Measurement to standardize and measure the impact of programming. Impact data disclosed on the Tim Horton website has not been found at the time of this charity report.

Financial Review:

Tim Horton Children’s Foundation is a Major 100 charity with donations and special events revenues of $30.6m in F2017. 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. Tim Horton Children’s Foundation’s administrative costs are 7% of revenues and its fundraising costs are 10% of donations. For every dollar donated, 83 cents go towards programs, falling within Ci’s reasonable range. The charity has funding reserves of $5.6m, resulting in a program cost coverage ratio of 24%. 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 has been sent to Tim Horton Children’s Foundation for review. Changes and edits may be forthcoming.

Updated on May 23, 2018 by Madison Kerr.

Financial Ratios Fiscal year ending October	2017	2016	2015
Administrative costs as % of revenues	6.7%	7.0%	6.4%
Fundraising costs as % of donations	10.3%	7.8%	9.0%
Program cost coverage (%)	24.3%	25.0%	11.1%

Summary Financial Statements All figures in $000s	2017	2016	2015
Donations	8,325	7,883	5,699
Fees for service	316	417	1,886
Special events	22,275	21,829	23,988
Other income	(522)	151	307
Total revenues	30,394	30,280	31,880
Program costs	22,846	20,325	21,045
Administrative costs	2,039	2,120	2,048
Fundraising costs	3,163	2,303	2,678
Cash flow from operations	2,346	5,532	6,109
Funding reserves	5,555	5,079	2,328

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 ($522k) in F2017, $151k in F2016, and $307k in F2015. Net interest expenses of $8k in F2017, $83k in F2016 and $17k in F2015 are included in administrative costs. Transportation costs of $4.7m in F2017, $4.1m in F2016, and $4.2m in F2015 are included in program costs. Automobile lease payable is included as an interest-bearing debt, decreasing funding reserves by $8k in F2016, and $24K in F2015. As of F2017, no interest-bearing debts remain.

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