MLSE Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
77%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.
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OVERVIEW
About MLSE Foundation:
MLSE Foundation is a 4-star charity. It is financially transparent, has overhead spending within Ci's reasonable range, and has average reporting of its results for donors.
Founded in 2009, Maple Leaf Sports and Entertainment (MLSE) Foundation improves the lives of youth by making sport more accessible. MLSE Foundation believes all youth should have the opportunity to take part in sport. The foundation states that less than 10% of Ontario’s youth are getting enough physical activity. MLSE Foundation's most recent impact report is from F2020. Charity Intelligence calculates it spent $8.0m on its programs and grants in F2023.
MLSE LaunchPad: MLSE LaunchPad is a 42,000 square foot facility in Toronto that serves youth aged 6-29. MLSE LaunchPad offers free sport, life skills and employment training programs. The foundation states that MLSE LaunchPad empowers youth to reach their potential through sport. In F2020, MLSE LaunchPad offered 194 programs.
Community Grants and Programs: Community Action Grants enable MLSE Foundation to grant up to $50k. These grants go to organizations that are using sport and recreation to advance positive outcomes for youth. Those outcomes are improvements in physical and mental health, academics, and work readiness. In F2020, MLSE Foundation provided grants to 20 organizations. MLSE Foundation also runs free community programs. These programs are run to remove barriers to sport and provide employment opportunities. Its Home Ice Hockey program brings organized hockey to youth facing barriers at no costs. The Home Ice Hockey program serves 350 youth each year.
Community Space Projects: Community Space Projects represent a partnership between MLSE Foundation and Canadian Tire Jumpstart charities. Together they refurbish athletic facilities. This creates more opportunities for youth to play sports within their communities. In F2020, MLSE Foundation completed 60 community space projects.
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Results and Impact
A 2020 study found participation in MLSE LaunchPad significantly increased running and balance skills for youth. Youth also saw increases in upper and lower body control.
MLSE Foundation completed a two-year study of 169 LaunchPad members between 18-29 years of age. Pre-program, 53% of participants were employed. Two years post program, 70% were employed. The rate of employment for program graduates was 13% higher than the employment rate for youth ages 15-24 in Ontario.
MLSE Foundation completed a two-year study of 124 LaunchPad members between 6-12 years of age. The study found that participation increased physical literacy and physical activity.
This may not be a complete representation of MLSE Foundation’s results.
This charity is not yet rated on impact (n/r).
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Finances
In F2023 MLSE Foundation received $7.4m in cash donations and special events fundraising. The foundation received $1.9m in net lottery revenue.
Administrative costs are 1% of revenues (excluding investment income). Fundraising costs are 23% of donations. This results in total overhead spending of 24%. For every dollar donated, 76 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.
In F2023 MLSE Foundation spent $8.0m on its programs and grants, which is 75% of its revenue. In F2023 it had a surplus of $2.7k.
MLSE Foundation has $10.0m in net funding reserves. This can cover 124%, or 1.2 years of annual program spending. MLSE Foundation has total investments of $3.0m. Investments consist of short-term guaranteed investment certificates (GICs). MLSE Foundation purchased all its investments in F2023.
In F2023, MLSE Foundation paid external fundraisers $283k who collected $5.9m in donations. This means it cost MLSE Foundation 5 cents to raise $1 using external fundraisers.
The charity has reported compensation information that shows (possibly in error) an unusually low average compensation for its full-time staff.
This charity report is an update that has been sent for review to MLSE Foundation. Changes and edits may be forthcoming.
Updated on June 4, 2024, by Grady Simpson.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.7% | 1.4% | 3.0% |
| Fundraising costs as % of donations | 22.7% | 14.7% | 11.7% |
| Total overhead spending | 23.4% | 16.0% | 14.8% |
| Program cost coverage (%) | 124.3% | 118.8% | 119.3% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 4,921 | 4,632 | 3,713 |
| Goods in kind | 292 | 256 | 120 |
| Government funding | 705 | 0 | 0 |
| Lotteries (net) | 1,908 | 1,549 | 2,099 |
| Special events | 2,528 | 1,582 | 1,613 |
| Investment income | 262 | 30 | 10 |
| Other income | 1,909 | 406 | (58) |
| Total revenues | 12,525 | 8,455 | 7,497 |
| Program costs | 777 | 376 | 142 |
| Grants | 7,234 | 5,988 | 4,844 |
| Administrative costs | 84 | 114 | 228 |
| Fundraising costs | 1,693 | 912 | 624 |
| Total spending | 9,789 | 7,390 | 5,839 |
| Cash flow from operations | 2,736 | 1,065 | 1,659 |
| Capital spending | 0 | 9 | 0 |
| Funding reserves | 9,956 | 7,562 | 5,950 |
Note: LOTTERIES: Ci reported lottery income net of expenses. This decreased total revenues and expenses by $3.1m in F2023, $2.8m in F2022, and $3.3m in F2021. DEFERRED ADJUSTMENT: MLSE Foundation uses deferred accounting. To show donors information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by $1.9m in F2023, $406k in F2022, and ($58k) in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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