Halton Learning Foundation

2050 Guelph Line
Burlington, ON L7R 3Z2
Executive Director: Lesley Mansfield
Board Chair: David Grant

Website: www.haltonlearningfoundation.ca
Charitable Reg. #: 88997 5223 RR0001
Sector: Education
Public Foundation

Social Results Reporting

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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #3

Avg. Compensation $82,814

Top 10 Staff Salary Range

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

About Halton Learning Foundation:

The Halton Learning Foundation (HLF) partners with individuals, corporations and community foundations to eliminate financial barriers to education for public school students in Acton, Burlington, Georgetown, Milton and Oakville. The Halton Learning Foundation is an independent body that collaborates with the Halton District School Board to assist Halton students and support school programs. It provides assistance through emergency funds for students in need, post-secondary scholarships, and engagement funds that help schools purchase tools and resources to engage students in learning. In F2015, $325k was spent on the Halton District School Board for equipment, events, and programs.

Financial Review:

In F2015, the Halton Learning Foundation spent 6% of revenues on administrative costs, up from 2% in F2014. Fundraising costs were 9% of donations in F2015, down from 15% in F2014. The Halton Learning Foundation has total funding reserves of $1.1m, which can cover annual grants and programs for 1.7 years.

Financial Ratios

Fiscal year ending August
Administrative costs as % of revenues 5.8%2.2%2.4%
Fundraising costs as % of donations 9.0%15.2%9.5%
Program cost coverage (%) 171.2%103.0%112.9%

Summary Financial Statements

All figures in $s
Donations 676,997844,840878,076
Fees for service 126,700243,519189,200
Investment income 14,82318,20420,916
Total revenues 818,5201,106,5631,088,192
Program costs 320,234414,204349,336
Grants 324,595571,811613,018
Administrative costs 46,32123,59525,809
Fundraising costs 61,104128,30283,475
Cash flow from operations 66,266(31,349)16,554
Funding reserves 1,104,1271,015,3451,086,625
Note: Ci included advertising, event supplies, and mailings in fundraising costs.  

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