Toronto International Film Festival
Toronto, ON M5V 3X5
Board Chair: Jennifer Tory
Executive Director: Joana Vicente
Charitable Reg. #: 11930 4541 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #245
Avg. Compensation $68,934
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||2|
|$160k - $200k||2|
|$120k - $160k||2|
|$80k - $120k||4|
|$40k - $80k||0|
About Toronto International Film Festival:
Founded in 1976, TIFF (Toronto International Film Festival) offers screenings, lectures, discussions, festivals, workshops, events, professional development, and opportunities to meet filmmakers from Canada and around the world. TIFF aims to transform the way people view the world through film. Outside of TIFF Lightbox film which has daily movie showings, the charity runs festivals, learning programs, and community initiatives.
In F2018, TIFF ran three film festivals: the Toronto International Film Festival, TIFF KIDS, and Next Wave. The Toronto International Film Festival was the charity’s largest festival of the year, featuring 254 films as well 88 as short films, and welcoming over 800 guests in F2018. TIFF KIDS displayed over 100 films and ran hands-on, family-friendly activities including some using green screens. Lastly, Next Wave welcomed 3,243 people under the age of 25 to watch old movies and engage in programming giving a look into the behind the scenes of film making.
The charity runs two learning programs: higher learning and school programs. The higher learning program is designed to bridge the gap between the film industry and filmmakers. In F2018, the charity ran 76 events and tours. Through school programs, TIFF provides students and teachers with the opportunity to learn about filmmaking, animation, special-effects makeup, and sound effects. In F2018, 10,978 people participated in 321 school workshops.
Through community initiatives, TIFF aims to ensure that people of all ages are given the opportunity to engage in creative expression through film. TIFF collaborates with non-profit community organizations to create experiences that fit the specific needs, interests, and abilities of different groups. In F2018, the charity ran 146 free events across the GTA, giving 6,501 individuals access to programming.
Toronto International Film Festival is a large charity, with donations of $19.8m in F2018. Ticket sales and memberships contribute 39% of total revenues, at $17.5m in F2018. Its administrative costs are 13% of revenues, and its fundraising costs are 23% of donations. For every $1 donated to the charity, 64 cents go to its programs. This is just outside Ci’s reasonable range for overhead costs. The charity’s funding reserves are ($23m) due to $28.3m in outstanding long-term construction loans issued by the Ontario government.
This charity report is an update that has been sent to Toronto International Film Festival. Changes and edits may be forthcoming.
Updated on June 27, 2019 by Stefan Tetzlaff.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||12.5%||12.4%||13.0%|
|Fundraising costs as % of donations||23.1%||20.3%||18.0%|
|Program cost coverage (%)||(68%)||(67.1%)||(73.7%)|
Summary Financial StatementsAll figures in $000s
|Fees for service||17,514||17,390||17,266|
|Business activities (net)||3,657||3,239||2,947|
|Cash flow from operations||(58)||1,211||2,921|