Toronto, ON M4S 2B9
CEO: Lisa de Wilde
Board Chair: Peter O'Brian
Charitable Reg. #: 85985 0232 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
Cents to The Cause
Full-time staff #330
Avg. Compensation $88,963
Top 10 Staff Salary Range
|$300k - $350k||1|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||6|
|$120k - $160k||2|
|$80k - $120k||0|
|$40k - $80k||0|
About TVOntario (TVO):
The Ontario Educational Communications Authority operates as TVO, with a vision to empower Ontarians through educational media. Its mission is to be “Ontario’s public educational media organization and a trusted source of interactive educational content that informs, inspires, and stimulates curiosity and thought.” TVO provides children and parents with educational resources through TVOKids, TVOKids.com and TVOParents.com. Its resources support the Ontario school curriculum, aiming to improve students’ success in school.
In F2015, more than 11 million Ontarians watched TVO on television. Further, its TVOKids programming reached over 1.2 million children aged 2 to 11. In F2015, TVO conducted over 500 interviews and debates on The Agenda, and produced over 500 blog posts on its site. TVO’s content and programming made up 41% of program spending in F2015, and its technical and production support services made up 34% of program spending.
TVO’s Homework Help program offers free online math tutoring services for students in grades 7 to 10. In F2015, 300 Ontario teachers and tutors made 647,514 learning interactions with Ontario students. TVO reports that students who use TVO’s Homework Help demonstrate improved EQAO math results. However, the charity does not provide quantitative evidence on its site.
TVO’s Independent Learning Centre (making up 25% of its programs) is an Ontario-designated provider of distance education. It is funded by the Ministry of Education, offering flexible, affordable and accredited distance education. In F2015, 19,436 students were registered for 26,363 courses. Further, 2,000 students completed the seven-hour set of GED tests.
TVO is a large charity, with donations of $5.2m in F2015. The charity receives the majority of its revenues from the government, making up 84% of revenues in F2015. Its administrative costs are 12% of revenues. The charity’s fundraising costs are 47% of donations, which is 12% higher than in F2014. This is due to a 29% decrease in donations in F2015. For every $1 donated to the charity, 41 cents is put towards its programs, falling well below Ci’s reasonable range. The charity’s funding reserves of $29m result in a program cost coverage ratio of 65%. This means that the charity can cover 8 months of its annual programs using its existing reserves.
This charity report is an update that is being reviewed by TVO. Changes and edits may be forthcoming.
Updated on August 9, 2016 by Lynn Tay.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||11.8%||10.4%||11.0%|
|Fundraising costs as % of donations||47.0%||35.1%||61.1%|
|Program cost coverage (%)||65.1%||60.5%||48.4%|
Summary Financial StatementsAll figures in $000s
|Fees for service||2,974||3,099||3,180|
|Business activities (net)||1,012||980||1,162|
|Cash flow from operations||6,436||11,112||4,541|