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: 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

Full-time staff #93

Avg. Compensation $58,424

Top 10 Staff Salary Range

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

Information from most recent CRA Charities Directorate filings for F2015

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 four core programs. Its Summer Camp, Youth Leadership and Community Group programs are all camp programs offered to kids at no cost to the family. The Carolee House Bursary Program is a follow-up program for kids who have graduated from the Youth Leadership Program and need financial support for post-secondary education.

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 18,000 kids attended its camp programs in 2015.

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 one of Canada’s top 100 largest charities, collecting $29.7m in donations and special events fundraising revenue in F2015. Administrative costs are 6% of revenues and fundraising costs are 9% of donations, which falls within Ci’s reasonable range for overhead spending.

Funding reserves of $2.3m (of which $103k are donor-endowed) can cover only 11% of donations, indicating a funding need.

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 June 15, 2016 by Katie Khodawandi.

Financial Ratios Fiscal year ending October	2015	2014	2013
Administrative costs as % of revenues	6.4%	7.0%	7.2%
Fundraising costs as % of donations	9.0%	10.0%	10.1%
Program cost coverage (%)	11.1%	37.3%	59.5%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	5,699	4,026	4,159
Fees for service	1,886	1,754	2,044
Special events	23,988	23,838	23,317
Investment income	0	84	48
Other income	307	(89)	(269)
Total revenues	31,880	29,613	29,299
Program costs	21,045	19,114	18,234
Administrative costs	2,048	2,072	2,091
Fundraising costs	2,678	2,792	2,781
Cash flow from operations	6,109	5,635	6,193
Funding reserves	2,328	7,138	10,857

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 $307k in F2015, ($89k) in F2014 and ($269k) in F2013. Net interest income of $84k in F2014 and $48k in F2013 is included in investment income, increasing revenues and expenses accordingly. Net interest expenses of $17k are included in administrative costs. Transportation costs of $4.2m in F2015, $3.2m in F2014 and $3.0m in F2013 are included in program costs. Automobile lease payable is included as an interest-bearing debt, decreasing funding reserves by $24K in F2015, $15k in F2014 and $14k in F2013.

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