Boundless School

203 Lonsmount Drive
TORONTO, ON M5P 2Y6
Executive Director: Steven Gottlieb
Board President: Stan Segal

Website: www.theboundlessschool.com
Charitable Reg. #: 12422 5855 RR0001
Sector: Social Services - At-Risk 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 #11

Avg. Compensation $50,416

Top 10 Staff Salary Range

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

About Boundless School:

The Boundless School was founded in 1984 as an outdoor adventure centre, and became a charity in 1989. Its mission is "to have our students return home feeling like champions; accomplished, selfless and with a new way of seeing things." The Boundless School aims to improve the lives of a diverse group of at-risk youth from Toronto's public school system. Youths may have severe mental illnesses, addictions or acquired brain injuries, preventing them from engaging in mainstream education. The Boundless School strives to help youth return to high school and graduate.

The Boundless School's boarding school program offers 20, 40 and 50-day sessions to teens aged 15 to 19. Students have an opportunity to earn high school credits for Math, English, History and elective courses. In F2015, the Boundless Live In School (BLISS) served 70 students, with 65 students completing the program. Further, BLISS issued 241 out of 248 possible credits. BLISS students' grades improved by over 25% in English, Math and History.

The Boundless School also offers 5-day adventure programs in partnership with several Ontario-based community agencies. The programs may focus on allowing students to earn high school credits, or other themes. In F2015, the group program served 118 students, with 117 youths successfully completing the program. The program issued 117 out of 118 possible credits.

Financial Review:

The Boundless School is a small-cap charity, with donations of $407k in F2015. Its financial statements do not explicitly disclose the fundraising and administrative costs separately. Boundless' fundraising and administrative costs were 9% of revenues in F2015, falling within a reasonable range. For every $1 donated to Boundless, 91 cents is put towards its programs. Its funding reserves of $2.4m result in a program cost coverage ratio of 162%. This means that Boundless can fund its program costs for 1.6 years.

This charity report is an update that is being reviewed by The Boundless School. Changes and edits may be forthcoming.

Updated on May 20, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending March 		201520142013
Fundraising & admin costs as % of revenues 9.3%9.5%9.5%
Program cost coverage (%) 162.1%144.6%135.8%

Summary Financial Statements

All figures in $s 		201520142013
Donations 407,302391,380323,959
Government funding 540,717537,978571,112
Fees for service 951,252926,456935,137
Business activities (net) 4,6142,5303,342
Investment income 41,37336,53026,392
Total revenues 1,945,2581,894,8741,859,942
Program costs 1,495,4201,484,2881,413,224
Fundraising & administrative costs 176,020175,704174,434
Other costs 14,39316,40519,196
Cash flow from operations 259,425218,477253,088
Funding reserves 2,424,6442,146,3531,919,369
Note: Ci has adjusted deferred revenue and MYCS deferred revenue affecting revenues by ($7k) in F2015, by $48k in F2014, and by $25k in F2013. Ci has adjusted amortization affecting expenses by ($101k) in F2015, by ($87k) in F2014, and by ($91k) in F2013.

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