Tim Horton Children's Foundation
St. George, ON N0E 1N0
Executive Director: Dave Newnham
President: Bill Moir
Charitable Reg. #: 11926 4885 RR0001
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.
Program Cost Coverage
Full-time staff #93
Avg. Compensation $58,424
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||2|
|$80k - $120k||7|
|$40k - $80k||0|
About Tim Horton Children's Foundation:
Founded in 1974, the Tim Horton Children's Foundation gives children from low-income families the chance to develop life skills they need for a successful future. In North America, one in six children live in a low-income home. The Foundation runs camp programs for these kids with the goal that they develop a positive attitude about their future and confidence and thus can succeed in life.
Tim Horton Children's Foundation has four core programs. Its Summer Camp, Youth Leadership and Community Group programs are all camp programs offered to kids at no cost to the family. The Carolee House Bursary Program is a follow-up program for kids who have graduated from the Youth Leadership Program and need financial support for post-secondary education.
Tim Horton Children's Foundation offers its camp programs at seven locations in Canada. Camp Whiteshell is the newest camp location, which opened in June 2015 in Pinawa, Manitoba. The charity's annual report states that over 18,000 kids attended its camp programs in 2015.
Tim Horton Children's Foundation measures its camp programs' impact using three strategies: camp interviews, parent/guardian surveys and Youth Leadership Program Graduate surveys. In 2015, results of the Parent/Guardian survey showed that 86% of parents felt that their kids were more willing to take on responsibility after finishing one of the three camp programs. Results also showed that 89% of parents thought that their child was more comfortable meeting new people after going to camp.
Tim Horton Children's Foundation is one of Canada's top 100 largest charities, collecting $29.7m in donations and special events fundraising revenue in F2015. Administrative costs are 6% of revenues and fundraising costs are 9% of donations, which falls within Ci's reasonable range for overhead spending.
Funding reserves of $2.3m (of which $103k are donor-endowed) can cover only 11% of donations, indicating a funding need.
This charity report is an update that is currently being reviewed by the Tim Horton Children's Foundation. Changes and edits may be forthcoming.
Updated on June 15, 2016 by Katie Khodawandi.
Financial RatiosFiscal year ending October
|Administrative costs as % of revenues||6.4%||7.0%||7.2%|
|Fundraising costs as % of donations||9.0%||10.0%||10.1%|
|Program cost coverage (%)||11.1%||37.3%||59.5%|
Summary Financial StatementsAll figures in $000s
|Fees for service||1,886||1,754||2,044|
|Cash flow from operations||6,109||5,635||6,193|