Winnipeg Jets True North Foundation
Winnipeg, MB R3C 5S6
Executive Director: Dwayne Green
Director: Julie Chartier
Charitable Reg. #: 88876 9478 RR0001
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.
Program Cost Coverage
Full-time staff #3
Avg. Compensation $75,149
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||2|
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.
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 RatiosFiscal 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 StatementsAll figures in $s
|Cash flow from operations||1,051,098||159,141||93,377|