Big Brothers Big Sisters Toronto

501 - 2345 Yonge Street
Toronto, ON M4P 2E5
President & CEO: Richard Solomon
Board Chair: David Sturdee

Website: www.bbbst.com
Charitable Reg. #: 10679 3771 RR0001
Sector: Social Services - Youth
Operating Charity

Charity Rating

[Charity Rating: 4/4]

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

Most recent audited financial statements 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 #35

Avg. Compensation $55,236

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 2
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Big Brothers Big Sisters Toronto:

Founded in 1913, Big Brothers Big Sisters Toronto (BBBST) aims to be a community leader by providing Toronto’s young people with volunteer-based mentoring programs. BBBST specifically focuses on the estimated 145,000 Toronto children living in poverty. As of 2014, 78% of BBBST’s mentees came from single-parent homes, 82% were visible minorities, and 75% lived at or below the poverty line. BBBST's mentorship program provides attention, guidance, and acts as a positive role model to children.

In F2016, Big Brothers Big Sisters Toronto mentored and worked with 2,700 children and youth, exceeding its F2015 number by 7% and its goal by 11%. Its Big Brothers Big Sisters Mentoring program matches volunteer mentors with children aged 6 to 18. In addition to its mentoring programs, BBBST distributed over $140,000 in scholarships and supported 75 children to attend an overnight summer camp.

In F2014, new mentoring programs worked with younger children: Go Girls! Mentored 306 girls aged 10 to 14, Game On! mentored 219 boys aged 10 to 14, and Big Bunch Group Mentoring events mentored 93 mentees aged 6 to 14. Further, through BBBST’s Post-Secondary Readiness program, university students mentored 196 Grade 9 and 10 youths. The program shows youth the ropes of college, opening their eyes to future education opportunities, hopefully leading to better high school graduation rates.

In July 2013, Boston Consulting Group independently evaluated Big Brothers Big Sisters Toronto's programs, finding an exceptionally high return on donations. The report found that for every $1 invested in mentoring, there is an $18 return to society. BBBST reports that the average investment required for a mentee over 3 years is $3,500. The report found that mentees generate $32,154 in additional tax revenue, $49,189 in increased consumption, $5,856 in additional charitable volunteering, and $890 in greater charitable giving. It also reports that, over their working lives, mentees earn $315,000 more over their lifetime.

Financial Review:

Big Brothers Big Sisters Toronto is a medium-sized charity, with donations and special events revenues of $2.9m in F2016. Its administrative costs are 10% of revenues and its fundraising costs are 13% of donations. For every $1 donated to the charity, 77 cents is put towards its programs, falling within Ci’s reasonable range. The charity has funding reserves of $837k, which results in a program cost coverage ratio of 30%. This means that the charity can cover just under 4 months of its annual programs using its existing reserves, indicating a need for funding.

NOTE: The big drop in year-to-year overhead costs is due to different figures reported in the audited financial statements and the T3010 filings. The figures for 2016 are from BBBST's audited financial statements. These will be adjusted likely to similar levels of 2015 when the T3010 filings are available in which BBBST reports higher allocations. It would be ideal if the disclosure in the audited financial statements was the same as in the T3010 filing.

This charity report is an update that is being reviewed by Big Brothers Big Sisters Toronto. Changes and edits may be forthcoming.

Updated on July 13, 2017 by Kevin Silberberg.

Financial Ratios

Fiscal year ending December
201620152014
Administrative costs as % of revenues 9.7%12.1%15.9%
Fundraising costs as % of donations 13.0%29.6%33.0%
Program cost coverage (%) 30.4%70.0%55.2%

Summary Financial Statements

All figures in $s
201620152014
Donations 1,257,5561,244,4781,223,870
Government funding 170,29513,8330
Special events 1,657,5881,593,1901,476,919
Investment income 74,5464,00164,639
Other income 206,677225,864230,043
Total revenues 3,366,6623,081,3662,995,471
Program costs 2,672,8851,682,2201,595,330
Grants 85,70989,087114,144
Administrative costs 319,124372,201465,044
Fundraising costs 378,117839,264891,934
Other costs 11,0689,1329,882
Cash flow from operations (100,241)89,462(80,863)
Funding reserves 837,2441,239,123942,814
Note: Ci has included unrealized investment gains (loss) in revenue, affecting revenues by $35k in F2016. Ci has also adjusted depreciation affecting expenses by ($2k) in F2016, ($2k) in F2015, and by ($5k) in F2014.

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