Boundless School
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
A
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
High
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
92%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.
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OVERVIEW
About Boundless School:
The Boundless School is a top-rated 5-star charity with high impact. This excellent charity has a high results reporting grade and reasonable overhead costs.
The Boundless School was founded as an outdoor adventure centre for at-risk youth in 1984. Since becoming a charity in 1989, The Boundless School has worked to motivate 20,000 students to succeed academically, physically, and socially. The charity can award high school credits, allowing teens to achieve academic success in what the charity describes as an exquisite non-traditional learning environment. Boundless has two buildings on 600 acres of land in Palmer Rapids, Ontario. The property includes 3,000 feet of Madawaska River shoreline.
A Charity Intelligence 2022 Top 10 Canadian Impact Charity
In F2022, The Boundless School worked with 264 high schoolers from low-income families who were not on pace to graduate on time, compared to 113 in F2021. These students all experienced long-term school interruptions and struggled with diagnosed mental illness or learning challenges. 14% had criminal histories and 11% had been suspended or expelled from their regular school.
The charity’s boarding school program operates between September and March. Students participate in 30-day (2 credits) or 40-day (3 credits) sessions, working to earn the 30.0 credits needed to graduate high school. The sessions cost $250 per day but students who are referred by Boundless’ community partners receive a full scholarship. In F2022, Boundless delivered 6,415 student days and 95% of students completed the program.
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Results and Impact
In F2022, 54 students completed their high school diploma at Boundless, increasing their chances of future success and financial independence.
While Ci highlights these key results, they may not be a complete representation of the Boundless School’s results and impact.
Charity Intelligence has evaluated The Boundless School and found the charity to have a High impact per dollar spent.
Impact Rating: High
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Finances
The Boundless School received $1.0m in donations in F2022. The charity also received $605k in tuition fees (25% of revenues) and $822k in government funding (33% of revenues). Administrative costs are 4% of revenues and fundraising costs are 5% of donations. This results in total overhead spending of 9%. For every dollar donated, 91 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
The Boundless School has funding reserves of $2.9m that can cover 1.7 years of annual program costs.
This charity report is an update that has been sent to The Boundless School for review. Changes and edits may be forthcoming.
Updated on August 5, 2022 by Lin Zhu.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.6% | 4.2% | 3.3% |
| Fundraising costs as % of donations | 4.8% | 5.5% | 6.7% |
| Total overhead spending | 8.4% | 9.8% | 10.0% |
| Program cost coverage (%) | 177.6% | 194.8% | 70.9% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 1,014,934 | 856,984 | 778,227 |
| Government funding | 821,994 | 855,493 | 733,533 |
| Fees for service | 604,610 | 346,901 | 1,007,876 |
| Investment income | 13,087 | 34,425 | 13,621 |
| Other income | 233 | 47,225 | 2,789 |
| Total revenues | 2,454,858 | 2,141,028 | 2,536,046 |
| Program costs | 1,644,340 | 1,157,203 | 2,062,925 |
| Administrative costs | 87,208 | 89,307 | 82,321 |
| Fundraising costs | 49,094 | 47,406 | 52,200 |
| Other costs | 104 | 180 | 130 |
| Total spending | 1,780,746 | 1,294,096 | 2,197,576 |
| Cash flow from operations | 674,112 | 846,932 | 338,470 |
| Capital spending | 7,687 | 13,743 | 191,318 |
| Funding reserves | 2,920,467 | 2,254,086 | 1,462,952 |
Note: Ci excluded amortization in the calculation of expenses, affecting expenses by ($139k) in F2020, ($152k) in F2019, and ($170k) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
0 |
$40k - $80k |
5 |
< $40k |
4 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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