Youth Employment Services YES

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

Charitable Reg. #: 83275 6720 RR0001
Sector: Social Services - Youth
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

Cents to The Cause

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

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
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
Donations 305316281
Government funding 8,4047,1035,060
Investment income 722715
Total revenues 8,7817,4465,356
Program costs 8,2386,9495,021
Administrative costs 342315270
Fundraising costs 484337
Other costs 161419
Cash flow from operations 13812610
Funding reserves 3,5313,0752,449
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.

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