Toronto International Film Festival

350 King Street W
Toronto, ON M5V 3X5
Executive Director: Michèle Maheux
Board Chair: Lisa de Wilde

Charitable Reg. #: 11930 4541 RR0001
Sector: Arts & Culture
Operating Charity

Donor Accountability

Grade: B-

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 available only upon request [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #233

Avg. Compensation $73,049

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 2
$160k - $200k 1
$120k - $160k 4
$80k - $120k 2
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Toronto International Film Festival:

Founded in 1976, Toronto International Film Festival (TIFF) aims to “be the global centre for film culture.” Its mission is to transform “the way people see the world, through film.” TIFF’s priorities centre on four strategic areas: artistic excellence, visitors experience, people and culture, and sustainability. TIFF offers film screenings, lectures, discussions, festivals, workshops, industry support and the chance to meet filmmakers from Canada and around the World.

In F2014, Toronto International Film Festival reported that a total of 1.83 million people attended TIFF’s activities. Further, more than 6,000 children and youths attended school programmes and camps aimed at enriching the traditional school curriculum. More than 9,100 members of the public and 4,200 post-secondary students attended TIFF’s Adult Learning and Higher Learning programs. The learning programs aim to encourage the public to explore and engage with the arts and culture.

In F2014, over 21,000 people enjoyed 112 films at TIFF Kids International Film Festival. The festival aims to help kids express their creativity and discuss challenging and complex issues. Also in F2014, TIFF’s film programmes screened 691 films by 363 directors, from 46 countries. TIFF Industry showcases the Canadian industry, and aims to create a forum where people can share their diverse perspectives. In F2014, TIFF Industry engaged over 5,000 industry professionals in more than 70 hours of industry programming.

Financial Review:

Toronto International Film Festival is a Major 100 charity, with donations of $20.3m in F2015. A large portion of its revenues is generated from ticket sales and memberships, making up 37% of total revenues at $16.6m in F2015. Its administrative costs are 12% of revenues, and its fundraising costs are 17% of donations. For every $1 donated to Toronto International Film Festival, 71 cents is put towards its programs, falling within Ci’s reasonable range. The charity’s funding reserves are ($24.8m) due to $37m in outstanding long-term construction loans. 

This charity report is an update that is being reviewed by Toronto International Film Festival. Changes and edits may be forthcoming.

Updated on June 6, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 12.5%11.5%12.2%
Fundraising costs as % of donations 16.9%15.0%14.3%
Program cost coverage (%) (78.9%)(95.5%)(103%)

Summary Financial Statements

All figures in $000s
Donations 20,30420,65221,563
Government funding 4,5644,7695,662
Fees for service 16,63915,91413,591
Business activities (net) 3,1813,1182,743
Investment income 371606639
Total revenues 45,06045,05944,199
Program costs 31,42330,04130,688
Grants 0022
Administrative costs 5,5815,1325,304
Fundraising costs 3,4243,1003,075
Other costs 1,6811,7991,907
Cash flow from operations 2,9514,9873,202
Funding reserves (24,805)(28,692)(31,621)
Note: Ci has adjusted amortization affecting expenses by ($4.9m) in F2015, by ($4.8m) in F2014, and by ($4.5m) in F2013.  

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