The 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]

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 #11

Avg. Compensation $60,976

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 3
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About The 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 F2016, the Boundless Live-In School (BLISS) served 72 students, with 66 students completing the program. Further, BLISS issued 279 of 292 possible credits. BLISS students' grades improved by over 24% in English, Math and History courses.

The Boundless School also offers 5-day adventure programs in partnership with several Ontario-based community agencies. The programs can allow students to earn high school credits. In F2016, the group program served 132 students, with 129 youths successfully completing the program. The program issued 129 out of 132 possible credits.

Charity Intelligence has researched Boundless School since 2009. Boundless is a consistently high-rated charity with high charity impact, particularly for donors looking to help at-risk kids graduate from high school. Boundless was included in Ci's 2015 Canadian Charity Impact fund as a top 10 impact charity.

Financial Review:

The Boundless School is a small-cap charity, with donations of $625k in F2016. Its financial statements and CRA filings do not explicitly disclose the fundraising and administrative costs. Ci has calculated administrative costs at 4% of revenues in F2016, although this number is likely understated given the lack of disclosure. Boundless has reported that its auditor has approved a fundraising cost of $28k, or 4% of donations. For every $1 donated to Boundless, 92 cents is put towards its programs. This falls within Ci's reasonable range for overhead costs. Its funding reserves of $2.6m result in a program cost coverage ratio of 160%. This means 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 10, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending March
201620152014
Administrative costs as % of revenues 3.7%3.9%4.2%
Fundraising costs as % of donations 4.5%0.0%0.0%
Program cost coverage (%) 159.9%151.7%135.6%

Summary Financial Statements

All figures in $s
201620152014
Donations 624,568407,302391,380
Government funding 539,925540,717537,978
Fees for service 923,388951,252926,456
Business activities (net) 4,2784,6142,530
Investment income 42,11841,37336,530
Total revenues 2,134,2771,945,2581,894,874
Program costs 1,636,9331,598,1361,582,520
Administrative costs 76,75573,30477,472
Fundraising costs 28,00000
Other costs 6,50114,39316,405
Cash flow from operations 386,088259,425218,477
Funding reserves 2,617,6642,424,6442,146,353
Note: Note: Ci has adjusted deferred revenue and MYCS deferred revenue affecting revenues by $94k in F2016, ($7k) in F2015 and by $48k in F2014. Ci has adjusted amortization affecting expenses by ($112k) in F2016, ($101k) in F2015 and by ($87k) in F2014. Overhead costs may be understated as Ci cannot accurately allocate expenses with the provided information.

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