Future Possibilities for Kids

120 Eglington Ave. East, Suite 500
Toronto, ON M4P 1E2
Executive Director: Rickesh Lakhani
Board Chair: Mark Landers

Website: www.fpcanada.org
Charitable Reg. #: 86691 0318 RR0001
Sector: Social Services - Youth
Operating Charity

Donor Accountability

Grade: C+

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 available only upon request [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #4

Avg. Compensation $58,794

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 2
< $40k 1
Information from most recent CRA Charities Directorate filings for F2016

About Future Possibilities for Kids:

Founded in 2001, Future Possibilities for Kids seeks to empower kids to transform their world, one goal at a time. Its mission is to empower children ages 9-12 years old, from diverse, under-served Canadian communities, to practice possibility thinking and to become leaders by creating meaningful Goals of Contribution both today and in the futures. Future Possibilities for Kids (FPK) works in 5 under-served communities in Toronto and the GTA. Kids in these low to moderate income communities are at-risk of social isolation. This is particularly among newcomer families. 40% of kids in these communities are not involved in extracurricular activities and 1 in 4 kids does not feel like a leader. Since 2001, more than 3,000 children and adults have participated in FPK’s program.

In F2016, Future Possibilities for Kids’ flagship program Ready, Set, Goal manages one-on-one mentoring to 150 kids through adult volunteers who talk with the kids for 30 minutes each week on the phone and meet up at Activity Day events throughout the year. Working with these mentors, kids identify their passions, community needs and set goals to create change. In 2016 change goals included making anti-bullying announcements over the school PA, running a local awareness campaign to promote keeping the neighbourhood clean, creating a school club, advocating for street safety and traffic lights, fundraising to buy laptops for the school library, and performing a talent show at a seniors’ centre. FPK also runs free 2 week day camps over the summer in 5 locations.

In F2016, FPK got great publicity with Joshua and Abigail Dunbar, 9 and 10 years old, who recognized that their Jane-Finch community did not have an accessible playground for children in wheelchairs. Their letter writing campaign to Mayor Tory, Premier Wynn and getting 700 signatures was featured on CBC’s MetroMorning radio broadcast.[i]

For results, Kids Coaches report 98% of kids have higher confidence and self-esteem, kids have new leadership skills and 97% are more likely to give back to the community.

Future Possibilities measures impact and scope as the direct impact on people in their chosen community. On average, FPK reports each child in FPK’s program directly involves 5 other people in accomplishing their goal. Based on this ratio, through supporting one child in FPK’s program will involve an additional 750 people, and have broad scope affecting 3,000 community neighbours. For every child who participates in an FPK program, there are 2-3 children who could not because of lack of funding and volunteer mentors.

Financial Review:

Future Possibilities for Kids is a small, local charity with annual donations of $217k in F2016. Its annual charity filing allocates 24% to administrative costs as a percent of total revenues and 8% to fundraising costs which brings “overhead” costs to 33% for every dollar donated. For every dollar donated, 67 cents goes to the cause. This is within Charity Intelligence's reasonable range. In F2016, FPK had cash reserves of $5k relative to program costs of $295k indicating a need for funding. Charity Intelligence calculated FPK’s total operating costs per child mentored is $2,780 in F2016, even with F2015.

This report is being reviewed by the charity. Changes and edits may be forthcoming.

Report prepared June 6, 2017 by Kate Bahen.

Financial Ratios

Fiscal year ending June
20162015
Administrative costs as % of revenues 24.4%23.3%
Fundraising costs as % of donations 8.2%12.3%
Program cost coverage (%) 1.7%19.2%

Summary Financial Statements

All figures in $s
20162015
Donations 217,439181,990
Government funding 143,340186,308
Special events 40,61648,623
Other income 2,1411,796
Total revenues 403,536418,717
Program costs 294,856280,282
Administrative costs 98,45097,432
Fundraising costs 21,03728,314
Cash flow from operations (10,807)12,689
Funding reserves 5,11953,841
Note: [i]  Source for CBC MetroMorning radio show http://www.cbc.ca/news/canada/toronto/programs/metromorning/kids-lobby-for-a-better-playground-in-jane-finch-1.3668820

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