Youth Employment Services YES

555 Richmond St. W, Ste. 711 - Box 115
Toronto, ON M5V 3B1
President & CEO: Timothy Lang
Board Chair: James Hunter

Website: www.yes.on.ca
Charitable Reg. #: 83275 6720 RR0001

Sector: Social Services - Youth

Operating Charity

Charity Rating

[Charity Rating: 4/4]

Social Results Reporting

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 ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #54

Avg. Compensation $61,044

Top 10 Staff Salary Range

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

Information from most recent CRA Charities Directorate filings for F2015

About Youth Employment Services YES:

In 1968, The Rotary Club of Toronto founded the first youth employment centre in Canada, Youth Employment Services YES. Today, YES is the largest youth employment counselling centre in Canada, serving young people with barriers to employment such as homelessness, a lack of formal education, a criminal record and drug abuse. YES believes that employment is empowerment and the cornerstone of safe and healthy communities. YES works to empower disadvantaged and vulnerable youth to become self-sufficient contributing members of society.

YES provides young people with professional counselling and training. Its training techniques are used as a teaching model for other employment services across Canada and around the world. YES delivers programs for thousands of youth each year in several of Toronto's high-risk neighbourhoods. Since its inception, YES has helped over 100,000 youth find jobs. In 2015 YES had 8,493 clients in all of its programs and another 1,915 students who attended workshops. The charity achieved a 90% success rate, up from 86% in F2014, in helping clients obtain a job, return to school, or enrol in a training program.

Financial Review:

In F2015 administrative costs were 4% of revenues and fundraising costs were 16% of donations. YES has funding reserves of $3.5m, which cover 43% of annual program costs. In F2015 YES received $8.4m in funding from the government, representing 96% of total revenue.

Updated Nov. 6, 2015.

Financial Ratios Fiscal year ending March	2015	2014	2013
Administrative costs as % of revenues	3.9%	4.2%	5.1%
Fundraising costs as % of donations	15.6%	13.8%	13.0%
Program cost coverage (%)	42.9%	44.3%	48.8%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	305	316	281
Government funding	8,404	7,103	5,060
Investment income	72	27	15
Total revenues	8,781	7,446	5,356
Program costs	8,238	6,949	5,021
Administrative costs	342	315	270
Fundraising costs	48	43	37
Other costs	16	14	19
Cash flow from operations	138	126	10
Funding reserves	3,531	3,075	2,449

Note: Ci adjusted for amortization of deferred capital contributions and deferred funding for leasehold improvements and equipment. This increased revenues by $3.1k in F2015 and $9k in F2014, and decreased revenues by $76k in F2013. Ci included revenues/expenses from the special projects fund in total revenues/expenses.

Comments added by the Charity:

No comments have been added by charity