Toronto International Film Festival
Toronto, ON M5V 3X5
Executive Director: Michèle Maheux
Board Chair: Jennifer Tory
Charitable Reg. #: 11930 4541 RR0001
Grade: B-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #233
Avg. Compensation $73,049
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||2|
|$160k - $200k||1|
|$120k - $160k||4|
|$80k - $120k||2|
|$40k - $80k||0|
About Toronto International Film Festival:
Founded in 1976, TIFF (Toronto International Film Festival) aims to “be the global
In F2016, Toronto International Film Festival featured 296 movies with 1,200 screenings and, throughout the year, 2.9 million people attended TIFF’s activities. It hosted twice as many film premieres in 2016 than in 2015, building its reputation as the blockbuster festival with the ability to generate "Oscar buzz". In February 2017, TIFF announced that its 2017 lineup will be more tightly curated, downsizing its movie lineup by 20 per cent and dropping 2 of the festival's 11 venues. TIFF has
In its charity work, more than 2,000 youth participated in its Special Delivery program, bringing film screenings, workshops and special guests to Toronto youth with limited access to arts programming. More than 1,000 mental health patients participated in its Reel Comfort program with the intent to help them connect with their creativity,
TIFF curates the largest collection of English-language Canadian film-related artifacts. In F2016, Toronto International Film Festival
One of TIFF's new initiatives is to improve the representation of women in front of and behind the camera. It reports that women now comprise 50% of participants In TIFF's Rising Stars, Talent Lab and Studio programs, women are now 50% of participants, 55% of the speakers were female at the TIFF ’16 Industry Conference, and 28% of films in TIFF’16 were directed by women.
Toronto International Film Festival is a large-cap charity, with donations of $19.4m in F2016. These donations include corporate sponsorships of $12.0m in F2016 and $14.4m in F2015, with philanthropic donations being $7.2m in F2016 and $5.7m in F2015. Ticket sales and memberships contribute 39% of total revenues, at $17.3m in F2016. Its administrative costs are 13% of revenues, and its fundraising costs are 18% of donations. For every $1 donated to Toronto International Film Festival, 69 cents is put towards its programs, falling within Ci’s reasonable range. The charity’s funding reserves are ($22.9m) due to $34.2m in outstanding long-term construction loans issued by the Ontario government.
There is a material discrepancy between TIFF's salary information filed with the CRA Charities Directorate and Ontario's "Sunshine List". Ontario's Sunshine List shows the ten highest salaries at TIFF: one TIFF executive is paid over $350,000 ($364k), with two staff paid $250k-$300k, one staff paid $200k-$250k, four staff paid $160k-$200k, and two staff paid $120k-$160k.
This charity report is an update that is being reviewed by Toronto International Film Festival. Changes and edits may be forthcoming.
Updated on July 13,
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||13.0%||12.5%||11.5%|
|Fundraising costs as % of donations||18.0%||16.9%||15.0%|
|Program cost coverage (%)||(73.7%)||(78.9%)||(95.5%)|
Summary Financial StatementsAll figures in $000s
|Fees for service||17,266||16,639||15,914|
|Business activities (net)||2,947||3,181||3,118|
|Cash flow from operations||2,921||2,951||4,987|