Toronto Foundation for Student Success

2 Trethewey Drive, 4th Floor
Toronto, ON M6M 4A8
Executive Director: Catherine Parsonage
Board Chair: Cam Jackson

Charitable Reg. #:88903 6455 RR0001

STAR RATING

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

[Charity Rating: 5/5]

✔+

FINANCIAL TRANSPARENCY

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

A-

RESULTS REPORTING

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

Good

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.

92%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.



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Programs

About Toronto Foundation for Student Success:

Founded in 1998, Toronto Foundation for Student Success (TFSS) works closely with the Toronto District School Board to provide food and after-school programs for students so they can succeed in school. In Toronto’s inner-city neighbourhoods, as many as 68% of children go to school hungry every day and 95% of children and youth do not have access to after-school programs. TFSS runs many of its programs in Neighbourhood Improvement Areas (as identified by the City of Toronto) to make sure it reaches youth who are most in need of support. Besides food and after-school activities, TFSS provides students with medical care as well as financial aid in emergency situations.

A Charity Intelligence 2020 Top 10 Canadian Youth Impact Charity

Most of Toronto Foundation for Student Success’s program spending goes to its Student Nutrition Programs. TFSS is under contract with the Ministry of Children, Community and Social Services to run breakfast programs in 817 schools across Toronto. The charity served 212,890 meals every day in F2019 – 40,023,320 meals in total. This is a 29% increase from 31,137,111 meals served in F2018.  With 817 active nutrition programs in both years, more children and youth are using the service.

Beyond 3:30 is Toronto Foundation for Student Success’ after-school program for at-risk youth living in inner-city Toronto communities. As of F2019, the program runs in 18 schools and has 1,200 enrolled students (same as F2018). Beyond 3:30 is for middle school students (aged 11 to 14 years) and runs from 3:30pm to 6:30pm each day. Students have access to homework help, cooking lessons, one-hour fitness training sessions, a financial literacy program, and a rotating schedule of arts programs. Community dinners, where students cook and serve meals to family and teachers, also provide youth the opportunity to showcase what they have learned from the program.

TFSS’s Gift of Sight and Sound program performs vision and hearing checks in schools found in high-needs communities to identify students who need glasses or hearing aids. In F2019, 14,844 kids were screened, 4,029 were referred to optometrists, and 1,836 received free glasses. The charity’s Model Schools Paediatric Healthcare Initiative provides health clinic services directly in schools that are located in high needs areas. These clinics provide medical care for kids who may not have a family doctor or health card, and/or are from families who recently moved to Canada and are unfamiliar with the Canadian healthcare system. As of F2019, there are four active clinics.

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Results and Impact

Charity Intelligence has rated Toronto Foundation for Student Success as Good impact based on demonstrated impact per dollar.

Toronto Foundation for Student Success reports that 70% of Beyond 3:30 students improved their grades and 68% became more physically active (date unclear) after participating in the program. A detailed, multi-phase evaluation of the Student Nutrition Program was done by the Toronto District School Board between 2012 and 2015. The final evaluation found that middle school students who ate morning meals three or more times a week performed better in reading, science, and math compared to students who rarely or never used the meal program. The Toronto District School Board also evaluated the Model Schools Paediatric Healthcare Initiative in 2016. Key outcomes mentioned in the report include improved attendance, attentiveness, and school performance in schools with health clinics.  

A Charity Intelligence 2020 Top 10 Canadian Youth Impact Charity

Impact Rating: Good

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Finances

Toronto Foundation for Student Success is a medium-sized charity that received just under $4.0m in donations in F2019. Government funding of $19.8m is 82% of total revenues in F2019. TFSS is largely supported by municipal and youth ministry funding. Administrative costs are 3% of revenues (excluding investment income) and fundraising costs are 5% of donations. For every dollar donated, 92 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

TFSS holds $5.1m in funding reserves. This can cover annual program costs and grants at current levels for less than three months.

This report is an update that has been reviewed by Toronto Foundation for Student Success.

Updated on June 9, 2020 by Katie Khodawandi.

Financial Review


Financial Ratios

Fiscal year ending July
201920182017
Administrative costs as % of revenues 3.0%2.5%2.4%
Fundraising costs as % of donations 4.7%6.7%10.4%
Total overhead spending 7.7%9.2%12.7%
Program cost coverage (%) 22.2%23.4%19.9%

Summary Financial Statements

All figures in $000s
201920182017
Donations 3,6974,4144,236
Goods in kind 303433406
Government funding 19,78618,66017,514
Fees for service 163153155
Investment income 165202154
Total revenues 24,11423,86322,466
Program costs 19,55419,38718,516
Grants 3,4293,5813,355
Administrative costs 719589527
Fundraising costs 172294438
Total spending 23,87423,85122,837
Cash flow from operations 24012(371)
Capital spending 000
Funding reserves 5,1095,3804,356

Note: Ci did not adjust for changes in deferred contributions of $373k in F2019, $65k in F2018 and ($4.3m) in F2017 because the audited financial statements do not disclose what proportion of contributions relate to Canadian donations versus government funding. Funding from the Toronto District School Board ($434k in F2019, $594k in F2018, $583k in F2017) has been included in government funding. Ci gathered program costs and grants from the charity’s T3010 CRA filings. Amortization of $2k in F2017 (no amortization was reported for F2019 or F2018) have been removed from program costs. Grants of $3.4m ($3.6m in F2018, $2.5m in F2017) went to Angel Foundation of Learning ($2.3m in F2019 and F2018, $2.5m in F2017), Food Share Toronto ($773k in F2019, $728k in F2018, $812k in F2017), and Toronto District School Board ($323k in F2019, $650k in F2018).

Salary Information

Full-time staff: 28

Avg. Compensation: $70,925

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
0
$80k - $120k
4
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.tfss.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-394-6880

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