True Patriot Love Foundation

130 Bloor Street West, Suite 905
Toronto, ON M5S 1N5
President: Bronwen Evans
Board Chair: Shaun Francis

Website: www.truepatriotlove.com
Charitable Reg. #: 81464 6493 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 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 #6

Avg. Compensation $81,827

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 1
$120k - $160k 0
$80k - $120k 1
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About True Patriot Love Foundation :

Founded in 2009, True Patriot Love Foundation (TPLF) bridges gaps in government funding to support Canadian military personnel and their families. Leveraging its expertise in fundraising, TPLF has granted more than $7m to military charities across Canada. TPL seeks to change the conversation about veterans through hosting international conferences and organizing expeditions.

In 2013, TPLF granted $1.8m to various military charities including $730k to Military Families Fund to provide medical care, child care and travel expenses for families with ill and injured members and also aid to military families with special needs children, $604k to 18 Military Family Resource Centres on Canadian Armed Forces bases that provide programs to military families, $150k to Prince Charles's charity to provide entrepreneurial workshops to help military personnel start up businesses, and $89k to Camp Maple Leaf to provide summer camp for children of military personnel.

In November 2014, TPLF pledged $5m to fund research and programs to improve the mental health of Canadian Forces personnel, veterans and their families. In partnership withthe Government of Canada and government agency, CIMVHR, this will fund over 1,000 researchers across Canada. TPLF reports over 3,900 soldiers who served in Afghanistan suffer from post-traumatic stress disorder. Since 2004, more Canadian soldiers have committed suicide than the 134 killed in combat in Afghanistan.

Financial Review:

In 2014 TPLF reported administrative costs at 10% of revenues and fundraising costs at 34% of gala revenues and donations. TPLF's fundraising centres around marquee galas. Gala expenses were 51% of gala revenues in 2013. In 2014, gala revenues nearly doubled compared with 2013, due to galas added in Calgary, Halifax and Montreal. These higher revenues generated an operating surplus, increasing funding reserves to $2.3m. Funding reserves cover 63% of grants and TPLF's programs. TPLF has made grant commitments of $6.1m, with $1.2m committed for 2015.

Financial Ratios

Fiscal year ending December
201420132012
Administrative costs as % of revenues 10.1%18.3%6.7%
Fundraising costs as % of donations 33.7%29.9%44.3%
Program cost coverage (%) 62.8%54.4%76.9%

Summary Financial Statements

All figures in $000s
201420132012
Donations 2,5511,329917
Special events 4,9712,2622,337
Other income 229149
Total revenues 7,5443,6003,404
Program costs 1,913584648
Grants 1,7121,8562,122
Administrative costs 764659228
Fundraising costs 2,5331,0741,442
Cash flow from operations 622(573)(1,036)
Funding reserves 2,2761,3282,129
Note: In 2013, TPLF received a material deferred donation of $743k that Ci has included in 2013 donations.

Comments added by the Charity:

The True Patriot Love Foundation supports transparency in financial reporting so that donors can make informed choices on where to direct their funds. We invite you to visit http://truepatriotlove.com/wp-content/uploads/2012/08/TPL-2013-2014-Annual-Report3.pdf and read our annual report to better understand the context of the data and the impact of our work.

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