| Schedule A - Part III - For comparative years,columns A, B, C, D |
and E represent a 12 month period ending March 31, 2017; March 31, 2018; March 31, 2019; March 31, 2020 and March 31, 2021 respectively. Schedule D - Part V Column (a) - Current year - April 1, 2020 to March 31, 2021 (12 months) Column (b) - Prior year - April 1, 2019 to March 31, 2020 (12 months) Column (c) - Two years back - April 1, 2018 to March 31, 2019 (12 months) Column (d) - Three years back - April 1,2017 to March 31, 2018 (12 months) Column (e) - Four years back - April 1,2016 to March 31, 2017 (12 months) Foreign exchange rate used in Form 990 and related schedules: 2020 = 0.795229 USD/1.0 CAD - Bank of Canada March 31, 2021 Closing Rate 2019 = 0.704871 USD/1.0 CAD - Bank of Canada March 31, 2020 Closing Rate 2018 = 0.748335 USD/1.0 CAD - Bank of Canada March 29, 2019 Closing Rate 2017 = 0.775555 USD/1.0 CAD - Bank of Canada March 31, 2018 Closing Rate 2016 = 0.750638 USD/1.0 CAD - Bank of Canada March 31, 2017 Closing Rate Part XII - Line 1 - Accounting method used to prepare the Form 990 - Accrual Method United Way follows the deferral method of accounting for contributions, which include campaign revenue. United Way recognizes unrestricted donations as revenue when received. Part IV - Line 2 - Is the organization required to complete Schedule B, Schedule of Contributions? - No. United Way of Greater Toronto had contributor(s) whose contribution of $5,000 or more during the tax year is greater than 2% of the amount reported on Form 990, Part VIII, Line 1h. 2% of Form 990 - Part VIII, Line 1h: $147,884,038 X 2% = $2,957,681 Part VI - Section A - Line 2 - Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? - Yes. Mohammed Hashim was an employee at Toronto and York Region Labour Council where John Cartwright is the President. Both Mohammed and John are Trustees on our Board. Mohammed left Toronto and York Region Labour Council in October 2020. PART VI - SECTION A - LINE 6 - DID THE ORGANIZATION HAVE MEMBERS OR STOCKHOLDERS? UNITED WAY OF GREATER TORONTO HAS MEMBERS. PART VI - SECTION A - LINE 7A - DID THE ORGANIZATION HAVE MEMBERS, STOCKHOLDERS, OR OTHER PERSONS WHO HAVE THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY? - YES. PART VI - SECTION A - LINE 7B - ARE ANY GOVERNANCE DECISIONS OF THE ORGANIZATION RESERVED TO (OR SUBJECT TO APPROVAL BY) MEMBERS, STOCKHOLDERS, OR PERSONS OTHER THAN THE GOVERNING BODY? - YES. MEMBERS HAVE THE POWER TO ELECT THE BOARD, AND THEY APPROVE OTHER GOVERNANCE DECISIONS SUCH AS THE APPOINTMENT OF AUDITORS. Part VI - Section B - Line 11a - Has the organization provided a complete copy of this Form 990 to all members of the governing body before filing this form? - Yes. Part VI - Section B - Line 11b - Form 990 will be reviewed by the Executive Director (staff/management) and by the Executive Committee (Chairman, Vice Chairman and Treasurer, and President of the organization). Copies of Form 990 will also be distributed to the Board of Directors prior to submission to the Internal Revenue Service. Part VI - Section B - Line 12c - Did the organization regularly and consistently monitor and enforce compliance with the policy? - Yes. If "Yes" describe in Schedule O how this was done. All Trustees and Governance Committee members are required to declare a conflict of interest at the start of every Board and Committee meeting. The conflict of interest policy is reviewed every 2 years and posted to our staff and public web pages. Part VI - Section B - Line 15 - Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? - Yes. Part VI - Section B - Line 15a - The organization's CEO, Executive Director, or top management official. - The Board of Trustees' Governance and Human Resources Committee (GHRC) is made up of the Board Chair and Chairs of the Committees overseeing Strategic Resource Development, Community Impact, and Finance, Audit and Risk in addition to one other Board Member. GHRC reviews the CEO salary annually as well as competitive information on compensation obtained from external consultants and recommends a compensation package to the Board for approval. Part VI - Section B - Line 15b - Other officers or key employees of the organization. - Review process is the same as 15a. Approval process: CEO consults GHRC but makes the final decision on compensation for the executive team. Part VI - Section C - Line 19 - Describe whether (and, if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year. - Major policies, including conflict of interest, are available on our website. The audited financial statements are included in our annual report to the community, which is also available on our website. Governing documents are available upon request to members of the general public and are provided to all senior volunteers who have governing responsibilities. Part VII - Section A - Line 1a (Column E) - As a Canadian registered charity operating in Canada with no US citizens as employees, W2/1099-MISC are not issued. Part VII - Section A - Line 2 - Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization. - 48 Part VIII - Line 1g - $13,540,878 ---> Schedule M - Part I $13,450,117 ---> GOS - Schedule M - Part I - Line 9 (Column (c)) $90,761 ---> GIK - Schedule M - Part I - (Column (c) - Lines 1 to 28, excluding Line 9) Part XI - Line 5 - Net unrealized gains on investments = $4,739,770 equivalent to $5,960,257 CAD $5,961 CAD was incorrectly reported as an Unrealized Loss in the Statement of Cash Flows. $5,961 CAD should have appeared as an Unrealized Gain in the Statement of Cash Flows as ($5,961) CAD. Part XI - Line 9 - Other changes in net assets or fund balances comprised of: Endowment Contributions $1,636,950 PBC Entry to reduce pension liability $158,171 Re-allocation of Unrestricted Endowment Contributions $33,797 FX Gain/(Loss) $8,494,458 ============= $10,323,376 $10,323,376 $10,323,376 $10,323,376 |
Attach to Form 990 or 990-EZ.