Canadian Tire Jumpstart
Toronto, ON M4P 2V8
President & CEO: Scott Fraser
Board Chair: John Furlong
Charitable Reg. #: 13792 9451 RR0002
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #20
Avg. Compensation $73,488
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||3|
|$40k - $80k||5|
About Canadian Tire Jumpstart:
Launched in 2005, Canadian Tire Jumpstart (Jumpstart) helps poor kids access organized sports and other active programs. Kids between 4 and 18 from low-income families can receive up to $600 to cover registration fees, equipment costs, or transportation.
In F2017, Jumpstart helped 284,059 kids, more than any other previous year. The greatest number of kids helped were in Ontario with 111,623, followed by Alberta with 90,228. Jumpstart distributed an average of $72 to each kid helped. The highest average grant per kid was in Northwest Territories with $186, and the lowest was Alberta with $40.
In February 2017, Canadian Tire Jumpstart hosted the second Jumpstart Games for Girls which encourages girls to stay involved in sports. More than 350 girls joined female Olympians, including Hayley Wickenheiser, in games and leadership activities.
Canadian Tire Jumpstart has recently started the Inclusive Playground Project. Jumpstart will be providing $50m in grants over the next 5 years to create playgrounds that are accessible to kids with disabilities. Jumpstart aims to fund at least 1 accessible playground per province/territory.
Results and Impact: Jumpstart reports that being part of a team teaches kids life skills like courage, confidence, and resilience.
Canadian Tire Jumpstart is a Major 100 charity, with donations of $23.6m in F2017. Administrative costs are 9% of revenues and fundraising costs are 10% of donations. For every $1 donated, 81 cents go to the cause, falling within Ci’s reasonable range.
Charity Intelligence omitted donations received from Canadian Tire Corporation (CTC) when calculating the fundraising ratio as we did not include the associated costs. The charity notes that fundraising costs for CTC were $2.8m in F2017 (12% of donations) and $1.8m in F2016 (9% of donations). The audited financials also do not include additional advertising, benefits, travel and office space costs of $540k in F2017, $1.4m in F2016, and $2.0m in F2015 provided by Canadian Tire Corporation.
Jumpstart has $2.0m in funding reserves, of which $883k is donor-endowed. Excluding donor-endowed funds, reserves can cover program costs for less than 1 month. This indicates a need for funding.
The charity report is an update that has been sent to Canadian Tire Jumpstart for review. Changes and edits may be forthcoming
Updated on June 18, 2018 by Madison Kerr.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||8.7%||5.9%||5.2%|
|Fundraising costs as % of donations||9.9%||24.7%||20.7%|
|Program cost coverage (%)||9.3%||14.8%||7.2%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||19||(122)||753|