TVOntario (TVO)
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
54%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 54 cents are available for programs.
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OVERVIEW
About TVOntario (TVO):
TVOntario is a 3-star charity. It has a B+ results reporting grade, which is above average. Its overhead spending is outside Ci’s reasonable range and it has reserve funds to cover just over a year of its annual program costs.
The Ontario Educational Communications Authority, operating as TVOntario (TVO), was founded in 1970. TVO is an agency of the Ontario Ministry of Education. Its purpose is to inspire learning that changes communities. TVO aims to deliver quality content, services, and technology. TVO has four main programs: TVO Today, TVO Learn, TVO ILC, and TVO Kids. It does not provide a spending breakdown for these programs.
TVO Today produces current affairs journalism, documentaries, and podcasts. In the fiscal year ending March 2023, TVO Today produced 38 unique pieces of content for Ontario Hubs each month. Ontario Hubs focuses on issues affecting Ontarians. TVO Today launched Know Brainers in F2023. This is a YouTube series focused on a tween and teen audience. TVO Today released 14 episodes and 57 YouTube shorts for Know Brainers in F2023. Know Brainers received 1.56 million views, 97,000 hours of watch time, and 1,200 subscribers in F2023.
TVO Learn provides educational games, activities, and learning resources. Its offerings align with the Ontario K-12 curriculum and are free for Ontarians. In F2023, TVO Learn received 7.9 million page views. TVO Learn offers over 140 courses developed by Ontario teachers. TVO Learn mPower offers over 65 online games that bridge math learning with fun content. In F2023, over 450,000 learners played almost two million games. TVO Learn Mathify provides chat sessions with Ontario Certified Teachers for math support. In F2023, TVO Learn Mathify hosted nearly 170,000 chat sessions with over 50,000 registered student accounts.
TVO ILC is Canada’s largest publicly funded online secondary school. It is one of the only online high schools authorized to grant the Ontario Secondary School Diploma (OSSD). TVO ILC reaches students in over 95 countries. It is recognized by EduCanada, the Government of Canada website that provides information to international students. In F2023, TVO ILC registered over 20,000 learners and released 38 new courses. Course fees for qualified Ontario residents start at $40. Students can study whenever and wherever they choose. They can take up to ten months to complete each 110-hour course.
TVO Kids programming prepares Ontario kids for school and life. TVO Kids offers over 80 programs and over 130 interactive games that support the Ontario curriculum. TVO Kids is for learners from kindergarten to grade five. At the end of F2023, the TVO Kids YouTube channel had 219,000 subscriptions.
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Results and Impact
In F2023, TVO Today content received awards and nominations from Canadian Screen Awards, Hot Docs, Montreal International Documentary Festival, Banff Rockie Awards, and Calgary Film Festival. TVO Kids content was recognized at the Canadian Screen Awards, Kidscreen Awards, and Youth Media Alliance Awards.
In F2023, TVO reported that students gave TVO ILC a 75% positive rating in a survey measuring customer service satisfaction in registration, course enrollment, and course experience.
While Ci highlights these key outcomes, they may not be a complete representation of TVOntario’s results and impact.
TVOntario is not yet rated on impact (n/r).
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Finances
In F2023, TVOntario received $5.1m in donations. It also received $54.4m in government funding (82% of total revenue). TVO received $3.4m in fees for service (5% of total revenue) in F2023. Administrative costs are 12% of total revenue (excluding investment income) and fundraising costs are 34% of donations. Overhead spending is 46%, which is outside Ci’s reasonable range. For every dollar donated, 54 cents are available for the cause. In F2023, TVO spent $46.8m on its programs (71% of total revenue).
In F2023, TVO had a surplus of $9.9m and spent $9.0m on capital expenditures.
At the end of F2023, TVO has $49.5m in reserve funds. This can cover 106% or just over a year of its annual program costs.
TVO uses external fundraisers as part of its fundraising activities. In F2023, it paid external fundraisers $85k to raise $40k. TVO paid $2.11 for every dollar raised by external fundraisers in F2023, 55 cents in F2022, and 97 cents in F2021.
This charity profile is an update that was sent to TVOntario for review. Changes and edits may be forthcoming.
Updated on July 31, 2024 by Thea Clark.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 11.7% | 7.7% | 9.3% |
| Fundraising costs as % of donations | 34.0% | 29.0% | 38.4% |
| Total overhead spending | 45.7% | 36.8% | 47.7% |
| Program cost coverage (%) | 105.8% | 92.5% | 86.9% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 5,137 | 5,268 | 6,779 |
| Government funding | 54,418 | 64,943 | 49,742 |
| Fees for service | 3,443 | 4,011 | 4,234 |
| Business activities (net) | 1,075 | 1,023 | 1,015 |
| Investment income | 1,662 | 367 | 472 |
| Other income | 314 | 359 | 325 |
| Total revenues | 66,049 | 75,971 | 62,567 |
| Program costs | 46,757 | 53,387 | 42,730 |
| Administrative costs | 7,549 | 5,845 | 5,745 |
| Fundraising costs | 1,747 | 1,529 | 2,606 |
| Other costs | 47 | 683 | 521 |
| Total spending | 56,100 | 61,444 | 51,602 |
| Cash flow from operations | 9,949 | 14,527 | 10,965 |
| Capital spending | 8,998 | 8,600 | 8,682 |
| Funding reserves | 49,472 | 49,366 | 37,153 |
Note: ASSET DISPOSAL: Ci excluded gain (loss) on asset disposal from revenue, affecting total revenue by $nil in F2023, $nil in F2022, and ($1k) in F2021. AMORTIZATION OF PROGRAM AND PRODUCTION ASSETS: Ci removed amortization of program and production assets from program costs and moved it to amortization, affecting program costs by ($7.1m) in F2023, ($6.4m) in F2022, and ($6.4m) in F2021. AMORTIZATION OF DEFERRED CAPITAL CONTRIBUTIONS: Ci removed amortization of deferred capital contributions from revenue, affecting total revenue by ($844k) in F2023, ($867k) in F2022, and ($958k) in F2021. BROADCAST RIGHTS ADDITIONS: Ci included broadcast rights additions in capital expenditures. DEFERRED REVENUE: The charity uses deferred accounting. To show donors this information on a consistent basis, Ci adjusted for deferred revenue. This affected total revenue by $1.0m in F2023, ($13.6m) in F2022, and $14.0m in F2021. DEFERRED CAPITAL CONTRIBUTIONS: Ci adjusted for deferred capital contributions, affecting total revenue by $nil in F2023, $112k in F2022, and $186k in F2021. GRANT RECEIVABLE: To report on a cash basis, Ci adjusted for grant receivable from the Ministry of Education, affecting revenues by $nil in F2023, $14.7m in F2022, and ($14.7m) in F2021.
Salary Information
$350k + |
1 |
$300k - $350k |
1 |
$250k - $300k |
1 |
$200k - $250k |
2 |
$160k - $200k |
5 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-484-2600