Tim Horton Children's Foundation
St. George, ON N0E 1N0
Executive Director: Dave Newnham
Board Chair: David Clanachan
Charitable Reg. #: 11926 4885 RR0001
Grade: BThe 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 #110
Avg. Compensation $49,439
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||7|
|$40k - $80k||0|
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.
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.
Tim Horton Children's Foundation 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 RatiosFiscal year ending October
|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 StatementsAll figures in $000s
|Fees for service||316||417||1,886|
|Cash flow from operations||2,346||5,532||6,109|