Canadian Tire Jumpstart

2180 Yonge Street
Toronto, ON M4P 2V8
President & CEO: Landon French
Board Chair: Owen G. Billes

Website: www.jumpstart.canadiantire.ca
Charitable Reg. #: 13792 9451 RR0002
Sector: Social Services - Youth
Private Foundation

Social Results Reporting

Grade: B

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 #19

Avg. Compensation $107,064

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 4
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Canadian Tire Jumpstart:

Launched in 2005, Canadian Tire Jumpstart Charities (CTJS) tackles Canada's issue of inactivity in kids. One in three Canadian families cannot afford to enroll their children in organized sports. Through its trademark Jumpstart program, CTJS helps families facing financial struggles so that they can enroll their kids in sports programs within the community.

Canadian Tire Jumpstart Charities has 323 Chapters operating across Canada that provide funding for families that cannot cover the costs of sports registration, equipment and transportation. Volunteers run these Chapters and work with community partners to identify kids from financially disadvantaged families who want to get active.

The charity's annual report states that all money raised by a given Chapter remains in the community. Canadian Tire Jumpstart Charities shares a close relationship with Canadian Tire Corporation and receives annual donations to cover the charity's general administrative expenses. With this financial aid, CTJS claims that every publicly donated dollar goes directly to supporting kids in need.

Canadian Tire Jumpstart Charities also provides funding for community groups that run youth sports and recreational programs. Supported groups include the Boys and Girls Clubs of Canada, the Canadian Paralympic Committee and Motivate Canada.

In 2015, Canadian Tire Jumpstart Charities reached a major milestone of cumulatively reaching over one million children since its inception in 2005. The charity reports that it supported 206,097 kids in 2015. Based on total operating costs of $22.4m, CTJS spent $109 per child.

Canadian Tire Jumpstart Charities recently launched The Big Play program in 2014 in partnership with the Hockey Canada Foundation. CTJS aims to fund 30,000 kids over a three-year time span through this program.

Financial Review:

Canadian Tire Jumpstart Charities is one of Canada's 100 largest charities in terms of donations, with total donations of $21.3m in F2015.

Administrative costs are 5% of revenues and fundraising costs are 21% of donations, which falls within Ci's reasonable range for overhead spending. Ci omitted $19.7m of donations received from Canadian Tire Corporation when calculating the F2015 fundraising ratio, as the audited financials do not report $1.1m of fundraising costs associated with this collection. The audited financials also do not report advertising, benefits, travel and office space costs of $6.0m in F2015, $4.3m in F2014 and $4.5m in F2013 provided by Canadian Tire Corporation.

Canadian Tire Jumpstart Charities holds funding reserves of $1.5m, of which $883k are donor-endowed. Excluding donor-endowed funds, the charity's reserves cover only 3% of annual program costs.

This charity report is an update that is currently being reviewed by Canadian Tire Jumpstart Charities. Edits and changes may be forthcoming.

Updated on June 14, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending December
201520142013
Administrative costs as % of revenues 5.2%9.2%8.2%
Fundraising costs as % of donations 1.5%8.1%8.0%
Program cost coverage (%) 7.2%8.3%14.6%

Summary Financial Statements

All figures in $000s
201520142013
Donations 21,27419,60719,146
Government funding 1,8051,9601,480
Investment income 376551
Other income 2043155
Total revenues 23,13621,67420,832
Program costs 20,82019,34615,577
Grants 3322219
Administrative costs 1,2111,9931,705
Fundraising costs 3191,5901,524
Cash flow from operations 753(1,278)1,808
Funding reserves 1,5041,6002,301
Note: Ci adjusted for changes in HST receivable, increasing revenues by $20k in F2015, $43k in F2014 and $155k in F2013. Fundraising costs consist of direct costs and expenses for revenue as reported in the audited financial statements.

Comments added by the Charity:

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