Bishop Strachan School Foundation

298 Lonsdale Rd
Toronto, ON M4V 1X2
Head of School: Deryn Lavell
Board Chair: Sarah Kavanagh

Charitable Reg. #: 89103 6048 RR0001
Sector: Education
Operating Charity

Donor Accountability

Grade: C+

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

Cents to The Cause

2010 2011 2012
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #184

Avg. Compensation $96,246

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 1
$120k - $160k 8
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About Bishop Strachan School Foundation:

In 1867, the founders of The Bishop Strachan School (BSS) opened their doors with the intention of educating girls and teaching them how to be leaders.  Today, BSS’s mission is to provide each student the opportunity to develop her unique voice, confidence and sense of purpose.  BSS specializes in the learning needs of girls and uses an approach that integrates a student’s intellectual, emotional, social, spiritual, physical and ethical growth.

The Junior School uses a Reggio-inspired approach of inquiry-based learning. The Middle School program focuses on the needs of young women at a transitional stage.  The Senior School provides a multitude of programs and learning opportunities for girls, including an advanced placement program.

In F2012, BSS had about 900 students from Junior Kindergarten to grade 12, including 75 boarding students.  These students represented 14 different countries.  44 students attended BSS through needs-based scholarships from the school in F2012.  BSS boasts that 100% of senior school graduates were accepted into university.

NOTE: As this charity is mostly funded by fees for service, we have not updated this charity report, letting it go stale. If you would like Charity Intelligence to update this report, please contact us.

Financial Review:

In F2012, BSS’s administrative costs were 18% of revenues and fundraising costs were 4% of donations.  In addition to the expenses listed below, BSS spent $855k on capital expenditures in F2011 and $2.8m in F2012.  BSS has funding reserves of $30.0m (including $16.9m of donor-endowed funds), which cover annual program costs 1.4 times.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 17.8%15.8%16.7%
Fundraising costs as % of donations 4.0%3.6%3.1%
Program cost coverage (%) 139.2%154.4%147.5%

Summary Financial Statements

All figures in $000s
Donations 1,5271,6851,968
Fees for service 26,43025,18024,350
Business activities (net) 232227271
Investment income 1,1461,410905
Other income 11588104
Total revenues 29,45028,59127,599
Program costs 20,85720,41718,581
Grants 661543621
Administrative costs 5,0264,2894,450
Fundraising costs 616162
Bank And Other Charges 12810188
Cash flow from operations 2,7163,1903,798
Funding reserves 29,96232,36028,324
Note: Ci has consolidated the Bishop Strachan School with the Bishop Strachan School Foundation.  Ci excluded unrealized loss on foundation investments and included gross investment expenses.  This affected revenues by $1.3m in F2012, ($1.1m) in F2011, and ($357k) in F2010.  Ci excludes non-cash expenses of depreciation and amortization of deferred contributions.  Including gross investment expense increased BSS expenses by $111k in F2012, $101k in F2011, and $88k in F2010.

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