Pathways to Education

439 University Avenue, 16th Floor 
Toronto, ON M5G 1Y8
President & CEO: Sue Gillespie
Board Chair: Samuel L. Duboc

Charitable Reg. #: 86190 8499 RR0001
Sector: Education
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A+

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 #40

Avg. Compensation $100,577

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 1
$120k - $160k 2
$80k - $120k 6
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Pathways to Education:

Founded in 2001, Pathways to Education works with high school students from low-income areas that have high dropout rates, helping them transition into post-secondary education. The charity works within the community alongside public schools, universities and colleges, community partners, community services, families, the government and corporate donors. It provides after-school tutoring, group mentoring, career mentoring, scholarships, internships, transit and lunch vouchers, and engages in youth-centered advocacy. While Pathways oversees the programs, its 379 local agencies are responsible for recruiting students and volunteers, managing staff, and delivering the programs.

In September 2007, Pathways to Education expanded its program from its initial Regent Park location into 5 new communities (Generation 2). Before 2010, it continued its expansion into Hamilton and Scarborough (Generation 3) and in September 2010 into Winnipeg, Kingston, and Halifax (Generation 4). In 2013 and 2014, it expanded its program to several Quebec cities, including Shawinigan, Sherbrooke, Pointe-Saint-Charles and Mashteuiatsh.

In F2015, Pathways to Education supported 5,371 students (up 9% from F2014) in 17 program locations. Also in F2015, 3,138 Pathways students graduated from high school. Pathways reports that 73% of its students who graduated from high school while in its programs have gone on to post-secondary education or training. The charity also reports that graduation rates increased over 75% across all Pathways communities.

The Boston Consulting Group performed an assessment of Pathways to Education in 2011. The study found that Pathways has a social return on investment of $24 for every $1 invested in the charity. It also reported cumulative benefits of $600k per student enrolled in Pathways programs.

On average, Pathways to Education incurred a cost of $4,883 per student in F2015.

Financial Review:

Pathways to Education is a large charity, with donations and special events revenue of $9.8m in F2015. Its administrative costs are 3% of revenues and its fundraising costs are 6% of donations. For every $1 donated to the charity, 91 cents is put towards its programs, falling within Ci’s reasonable range. Pathways to Education has funding reserves of $4.4m, resulting in a program cost coverage ratio of 18%. This means that it can cover 2 months of its annual programs using its existing reserves.

This charity report is an update that is being reviewed by Pathways to Education. Changes and edits may be forthcoming.

Updated on July 5, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 3.1%3.8%3.7%
Fundraising costs as % of donations 6.1%6.8%10.3%
Program cost coverage (%) 17.6%45.5%56.3%

Summary Financial Statements

All figures in $000s
Donations 8,7037,1635,617
Goods in kind 647757891
Government funding 15,60015,68515,590
Special events 1,097530535
Investment income 140137167
Total revenues 26,18824,27122,799
Program costs 24,80223,31219,663
Administrative costs 799911846
Fundraising costs 602523630
Other costs 252021
Cash flow from operations (40)(496)1,639
Funding reserves 4,37610,60011,069
Note: Ci has adjusted amortization affecting expenses by ($17k) in F2015, by ($19k) in F2014, and by ($19k) in F2013.

Comments added by the Charity:

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