Future Possibilities for Kids

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

Charitable Reg. #:86691 0318 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

C

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

78%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 78 cents are available for programs.

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Programs

About Future Possibilities for Kids:

Founded in 2001, Future Possibilities for Kids (FPK) works with children in the Greater Toronto Area, hoping to inspire and empower them to be leaders. FPK operates in six neighbourhoods: East Scarborough, East Markham, Richmond Hill, Vaughan, Jane and Finch, and most recently Regent Park. Since 2001, more than 5,000 children and adults have participated in FPK programming.

Kids from the Toronto and York schoolboards may be referred to FPK’s Ready, Set, Goal! program. For six months, participants receive one-on-one support from a trained volunteer, working to develop a community service project called a Goal of Contribution. This Goal of Contribution benefits a child’s community and may include volunteer service such as reading to cats at an animal shelter or picking up garbage in a park. In F2018, FPK reports that 155 Goals of Contribution were completed.

During the summer, Future Possibilities for Kids runs Camp Contribution. The free camp offers activities like sports, arts and crafts, and team building exercises. Each FPK location hosts 25 children per two-week session with three sessions running each summer.

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Results and Impact

Future Possibilities for Kids reports that 88% of kids involved in programming during F2018 improved their social networks.

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Finances

Future Possibilities for Kids is a small charity with donations and special events revenue of $279k in F2018. The charity received $156k in government funding, representing 36% of total revenues. Administrative costs are 21% of revenues and fundraising costs are 1% of donations. For every dollar donated, 78 cents go to the cause, which is within Ci’s reasonable range for overhead spending. FPK has funding reserves of $39k which could cover one month of program costs.

This charity profile is an update to be sent to Future Possibilities for Kids for review. Changes and edits may be forthcoming.

Updated on June 7, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending June
201820172016
Administrative costs as % of revenues 21.4%23.7%24.4%
Fundraising costs as % of donations 0.7%1.3%8.2%
Program cost coverage (%) 11.7%7.1%1.7%

Summary Financial Statements

All figures in $s
201820172016
Donations 264,417261,250217,439
Government funding 156,124147,242143,340
Special events 14,62412,50040,616
Other income 002,141
Total revenues 435,165420,992403,536
Program costs 335,789308,916294,856
Administrative costs 93,31399,84898,450
Fundraising costs 1,9483,51721,037
Total spending 431,050412,281414,343
Cash flow from operations 4,1158,711(10,807)
Capital spending 6131,9055,826
Funding reserves 39,37521,9635,119

Note: Ci has used fundraising costs as reported on the charity’s T3010, removed from program costs.

Salary Information

Full-time staff: 4

Avg. Compensation $65,130

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 F2018

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.fpcanada.org
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