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Canadian Tire Jumpstart

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

Charitable Reg. #: 13792 9451 RR0002
Sector: Social Services - Youth
Private Foundation

Donor Accountability

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #20

Avg. Compensation $68,876

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 3
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Canadian Tire Jumpstart:

Launched in 2005, Canadian Tire Jumpstart tackles Canada’s issue of inactivity in kids. Through its trademark Jumpstart program, the charity helps families facing financial struggles so that they can enroll their kids in sports programs within the community. Canadian Tire Jumpstart has 300 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 shares a close relationship with Canadian Tire Corporation and receives annual donations to cover the charity’s general administrative expenses. With this financial aid, Jumpstart claims that every publicly-donated dollar goes directly to supporting kids in need. Canadian Tire Jumpstart also provides funding for community groups that run youth sports and recreational programs. Supported groups include the Boys and Girls Clubs of Ottawa and Club de L’Espoir (Hope Club) in Montreal.

In 2015, Canadian Tire Jumpstart reached a major milestone of cumulatively reaching over one million children since its inception in 2005. The charity reports that it supported 220,922 kids in 2016. Based on total operating costs of $22.8m, Jumpstart spent $103 per child.

Financial Review:

Canadian Tire Jumpstart is a Major 100 charity with total donations of $21.3m in F2016. Administrative costs were 6% of revenues and fundraising costs were 25% of donations. As such, for every $1 donated, 69 cents go to the cause. This falls within Charity Intelligence’s reasonable range of overhead spending.

Charity Intelligence omitted donations received from Canadian Tire Corporation (CTC) when calculating the fundraising ratio, as the audited financials do not break down the donations from CTC. The charity notes that fundraising costs for CTC were $1.8m in F2016 (9% of donations) and $4.0m in F2015 (20% of donations). The audited financials also do not include additional advertising, benefits, travel and office space costs of $1.4m in F2016, $2.0m in F2015, and $4.3m in F2014 provided by Canadian Tire Corporation.

Canadian Tire Jumpstart holds funding reserves of $3.1m, of which $883k are donor-endowed. Excluding donor-endowed funds, the charity’s reserves cover only 11% of annual programs costs, showing a need for funding.

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

Updated on June 6, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 5.9%5.2%9.2%
Fundraising costs as % of donations 24.7%20.7%8.1%
Program cost coverage (%) 14.8%7.2%8.3%

Summary Financial Statements

All figures in $000s
Donations 21,25921,27419,607
Government funding 1,2971,8051,960
Investment income 213765
Other income 942043
Total revenues 22,67023,13621,674
Program costs 20,99420,82019,346
Grants 1203322
Administrative costs 1,3411,2111,993
Fundraising costs 3363191,590
Cash flow from operations (122)753(1,278)
Funding reserves 3,1281,5041,600
Note: Ci adjusted for changes in HST receivable, increasing revenues by $94k in F2016, $20k in F2015, and $43k in F2014. Fundraising costs consist of direct costs and expenses for revenue as reported in the audited financial statements.

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