Tim Horton Children's Foundation

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

Charitable Reg. #:11926 4885 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C+

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

Low

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.

81%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 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 seven camps in Canada and the United States that host teens from low-income families. Its camp programs help teens develop positive life skills and attitudes to prepare them for adulthood. THCF reports that 1.2 million children and youth live in poverty in Canada. As a result, the charity states that many students have limited access to support systems and opportunities that help them succeed.

Tim Horton Children’s Foundation offers two types of camp programs. Summer Programs offer camp sessions throughout the summer while School-Year Programs invite low-income schools for three-day field trips to develop leadership skills. Both programs are free for students.

In 2018, Tim Horton Children’s Foundation provided camp experiences for over 20,000 students. THCF camps are designed for students to attend more than once, with the time between visits intended as a chance to use skills learned at camp. At summer camps, students attend nine-day sessions each summer for five years. Since founding, THCF reports that its camps have reached more than 275,000 young people.

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Results and Impact

Charity Intelligence has given Tim Horton Children's Foundation a Low impact rating based on demonstrated impact per dollar spent.

In 2018, the charity reported that it reached 105.5 million media impressions through its Camp Day fundraising campaigns. While Ci highlights these key results, they may not be a complete representation of Tim Horton Children’s Foundation’s results and impact.

Impact Rating: Low

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Finances

Tim Horton Children’s Foundation is a Major 100 charity, one of Canada’s largest charities, with donations and special events revenues of $25.8m in F2019. At $12.3m and 46% of total revenues, Camp Day represented the largest source of funding in F2019. Camp Day is a special fundraising event that collects revenue from coffee and bracelet sales at Tim Hortons restaurants.

Administrative costs are 7% of revenues (less investment income) and fundraising costs are 12% of donations and special events revenue. This results in total overhead spending of 19%. For every dollar donated to the charity, 81 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Tim Horton Children's Foundation has funding reserves of $819k, of which $105k is donor-endowed. Excluding donor-endowed funds, the charity can cover 3% or under one month of program costs with its existing reserves. This indicates 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 July 8, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending October
201920182017
Administrative costs as % of revenues 7.1%6.9%6.7%
Fundraising costs as % of donations 11.6%14.4%10.3%
Total overhead spending 18.6%21.3%17.0%
Program cost coverage (%) 3.1%9.2%24.3%

Summary Financial Statements

All figures in $000s
201920182017
Donations 6,6348,4828,325
Fees for service 490235316
Business activities (net) 29600
Special events 19,11820,35322,275
Investment income 2(3)6
Other income 419139(522)
Total revenues 26,95929,20630,400
Program costs 23,16825,42722,846
Administrative costs 1,9012,0102,031
Fundraising costs 2,9844,1613,163
Other costs 51(45)8
Total spending 28,10431,55328,048
Cash flow from operations (1,145)(2,347)2,352
Capital spending 6461,0671,715
Funding reserves 8192,4325,661

Note: Special event fundraising includes contributions from Camp Day and coin donation programs. Business activities include sales of Timmies Minis meals at Tim Hortons restaurants, of which 10 cents on each sale go to camp programs. The charity itself did not incur expenses for these sales. Ci adjusted for foreign exchange gains and changes in accounts and pledged donations receivable in other revenue, affecting total revenues by $419k in F2019, $139k in F2018, and ($522k) in F2017. Ci included investment income from the charity’s financial notes, affecting total revenues by $2k in F2019, ($3k) in F2018, and $6k in F2017. Ci excluded losses on the disposal of capital assets, affecting total expenses by ($877k) in F2019, ($48k) in F2018, and ($nil) in F2017.

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.company.timhortons.ca/ca/en/childrens-foundation/index.php
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 519-448-1248

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