True North Youth Foundation

345 Graham Avenue
Winnipeg, MB R3C 5S6
Executive Director: Dwayne Green
Board Chair: Mark Chipman

Website: nhl.com/jets/info/foundation
Charitable Reg. #: 88876 9478 RR0001
Sector: Intermediary - Sports
Public Foundation

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 through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #11

Avg. Compensation $60,300

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 2
$40k - $80k 5
< $40k 3
Information from most recent CRA Charities Directorate filings for F2015

About True North Youth Foundation:

Founded in 1996, True North Youth Foundation is the charitable arm of the Winnipeg Jets hockey team.  It was previously known as the Manitoba Moose Yearling Foundation, before changing its name to Winnipeg Jets True North Foundation with the acquisition of an NHL franchise in Winnipeg in 2011. In October 2016, the Foundation changed its name again, becoming True North Youth Foundation. The Foundation hopes its new name will better emphasize its youth-related programming.

True North Youth Foundation raises funds and provides grants to youth charities in Manitoba. In F2015, $645k was granted to more than 13 charities, of which $125k went to Right to Play and $100k went as a seed grant to International Centre on Dignity and Palliative Care (ICDP). Mark Chipman, Board Chair of True North Youth Foundation is also a director on the board for ICDP.

The Foundation has several programs, including Camp Manitou, Project 11, and Winnipeg Jets Hockey Academy. Camp Manitou began in 2014 with a goal to provide an outdoor experience to as many Manitoba children and youth as possible. Facilities offer wall-climbing, ziplining, archery, a pool, mounting biking, orienteering and other outdoor and educational activities. In F2016, the camp had 4,200 participants, of which 76% were under-served youth1.

Project 11, named after former Manitoba Moose and Winnipeg Jets player Rick Rypien (#11), provides weekly lessons, videos and daily activities that help students learn positive coping skills and build a greater sense of self-awareness. In F2016, Project 11’s participants included 86 teachers, 2367 students, and 70 schools. True North Youth Foundation reports that the odds of being bullied by others decreased by 54% after students went through the 15-lesson program.

Winnipeg Jets Hockey Academy provides at-risk youth an opportunity to play hockey. The 25-week program offers bus transportation, equipment, on-ice instruction, lunch and after-school programming to student athletes. The program aims to increase the confidence of the youth, help them feel connected to their community, and motivate them to stay in school. In F2016, 625 student athletes from 18 schools participated in the program.

Financial Review:

True North Youth Foundation is a medium-sized charity with $2.3m in donations and special events fundraising in F2015. The Foundation also raised $1.4m from its 50/50 draw and collected $161k in camp fees. Administrative costs were 12% of revenues and fundraising costs were 31% of donations. For every $1 donated, 57 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range for overhead spending.

In F2015, Winnipeg Jets True North Foundation received $6m in donor-controlled endowment funds. Income from investments are to be used for supporting the Foundation’s general programs. Unrealized net losses were recorded as a reduction to endowment net assets, which were recorded at $5.9m in F2015.

Excluding donor-endowed funds from total funding reserves of $8.9m, True North Youth Foundation can cover annual programs and grants 1.7 times.

This charity report is an update that is currently being reviewed by True North Youth Foundation. Changes and edits may be forthcoming.

Updated on July 5, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending June
201520142013
Administrative costs as % of revenues 12.1%11.2%19.6%
Fundraising costs as % of donations 30.7%37.6%32.8%
Program cost coverage (%) 421.2%111.6%146.7%

Summary Financial Statements

All figures in $s
201520142013
Donations 528,182239,999135,504
Fees for service 161,09034,2830
Lotteries (net) 1,357,2281,415,160964,353
Special events 1,752,3771,877,0951,015,055
Investment income (82,142)29,70723,087
Total revenues 3,716,7353,596,2442,137,999
Program costs 1,459,8741,290,024568,493
Grants 645,045689,706469,166
Administrative costs 461,214400,436414,711
Fundraising costs 700,420796,437377,774
Cash flow from operations 450,182419,641307,855
Funding reserves 8,865,5712,210,0211,522,481
Note: Ci reported fundraising revenue gross of expenses, increasing revenues and expenses by $700k in F2015, $796k in F2014, and $378k in F2013. Ci included unrealized gains (loss) as revenues, affecting revenues by ($250k) in F2015. Footnotes: 1 - Output data was taken from the 2016 Gratitude Report from True North Foundation. This report is not available online and is only available by request to the Foundation.

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