Canadian Tire Jumpstart
Toronto, ON M4P 2V8
President & CEO: Landon French
Board Chair: Owen G. Billes
Charitable Reg. #: 13792 9451 RR0002
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #19
Avg. Compensation $107,064
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||4|
|$40k - $80k||5|
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.
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 RatiosFiscal year ending December
|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 StatementsAll figures in $000s
|Cash flow from operations||753||(1,278)||1,808|