Future Possibilities for Kids
Toronto, ON M4P 1E2
Executive Director: Rickesh Lakhani
Board Chair: Mark Landers
Charitable Reg. #: 86691 0318 RR0001
Grade: CThe 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 #4
Avg. Compensation $58,794
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||2|
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,
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
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
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,
Financial RatiosFiscal year ending June
|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 StatementsAll figures in $s
|Cash flow from operations||(10,807)||12,689|