Winnipeg Jets True North Foundation

345 Graham Avenue
Winnipeg, MB R3C 5S6
Executive Director: Dwayne Green
Director: Julie Chartier

Charitable Reg. #: 88876 9478 RR0001
Sector: Fundraising Organization
Public Foundation

Social Results Reporting

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 ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #3

Avg. Compensation $75,149

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 F2012

About Winnipeg Jets True North Foundation:

Founded in 1966, the Winnipeg Jets True North 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 in 2011. It raises funds and provides grants to youth charities in Manitoba. The Foundation also runs the True North Hockey Academy, which provides at-risk youth an opportunity to play hockey. The program aims to increase the confidece of the youth, help them feel connected to their community, and motivate them to stay in school.

In F2012, the Foundation disbursed $1.3m in grants, including 24 grants over $25k and several smaller grants. Its largest grantees include Right to Play ($100k in grants), Continuity Care ($71k), and Children's Hospital Foundation of Manitoba ($52k). For the 2012-2013 hockey season, the Foundation partnered with 3 school divisions to provide 10 schools and 435 children a chance to participate in the Hockey Academy.

Financial Review:

Fundraising costs are 23% of donations and administrative costs are 7% of revenue. The Foundation has $1.4m in funding reserves, which cover 95% of annual program costs. The numbers reported for F2011 and F2010 have not been audited.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 7.0%9.4%19.9%
Fundraising costs as % of donations 23.3%56.8%38.8%
Program cost coverage (%) 95.1%84.5%75.2%

Summary Financial Statements

All figures in $s
Donations 92,59143,639181,929
Lotteries (net) 1,394,592144,086142,854
Special events 1,631,566833,404373,277
Investment income 12,005433131
Total revenues 3,130,7541,021,562698,191
Program costs 179,07500
Grants 1,281,021268,330251,031
Administrative costs 217,21695,796138,625
Fundraising costs 402,344498,295215,158
Cash flow from operations 1,051,098159,14193,377
Funding reserves 1,388,758226,706188,722
Note: Ci reported deferred revenue on a cash basis, increasing revenue by $0 in F2012, $0 in F2011 and $113k in F2010. Ci reported fundraising revenue on a gross basis. Ci removed amortization of $102k in F2012 and $24k in F2011 from expenses. Amortization for F2010 was not disclosed on the financial statements. The financial statements for F2011 and F2010 are unaudited.

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