She said all money would go to the trust should the company ever be wound up. A campaign calling on the supermarket giants to stock Thankyou’s expanding range of charitable products has resulted in Coles saying ‘yes’. Soon afterwards, Thankyou Group announced that it will no longer support Samaritan's Purse. The statements also highlight how the company, which began as Thankyou Water, is shifting away from the category where it is unable to compete with deep discounting by the supermarkets. Use Message Center (after logging in) to request assistance. [10], In 2014, Daniel Flynn was named Victorian Young Australian of the Year. Thankyou has raised over $17 million to its partners around the world to end extreme poverty, and has recently launched a new campaign, No Small Plan. We’ve always seen ThankYou as global consumers buying global products to make a global impact: Daniel Flynn, Founder – Thankyou by Yohan P Chawla October 27, 2020 But confidential financial statements reveal the company behind Thankyou water, personal care and baby products is falling short of its goal of giving “100 per cent” of its profits to “ending extreme poverty”. [12], In 2014, Thankyou launched "Track Your Impact. ETC BusinessLeaders presents Daniel Flynn – 26 May Proudly presented by DFA Financial Planners don’t miss a lunch presentation by Managing Director and Co-Founder of Thankyou Group Daniel Flynn. The spokeswoman said the company “incurs business expenses as an FMCG trading entity in order to be an active, growing operation” and that “this means Thankyou deals with partners and suppliers in several countries”. Thankyou Group’s 2017-18 financial statement shows it paid only $698,296, or 48 per cent of its $1.46 million profit, to the Thankyou Charitable Trust, while spending nearly $340,000 on travel and entertainment, and $4.56 million on fewer than 50 staff. Soon afterwards, Thankyou Group announced that it will no longer support Samaritan's Purse. "[4][8], In August 2013, it was revealed that Thankyou was giving up to 30 per cent of its profits to Samaritan's Purse – a controversial evangelical Christian organisation that proselytises in developing countries "with the aim of demonstrating God's love and sharing the good news of Jesus Christ". The statements show that, over the past two financial years, Thankyou Group spent nearly $580,000 on “travel and entertainment” and nearly $820,000 on “office expenses” for its fourth-floor Collingwood HQ. See the complete profile on LinkedIn and discover Daniel’s connections and jobs at similar companies. View Daniel Flynn’s profile on LinkedIn, the world’s largest professional community. Discover events that match your passions, or create your own with online ticketing tools. [4] Production began after an agreement with a factory that provided services at no upfront cost as well as a donation from Visy Industries of 30,000 prototype bottles. One industry source was critical of Thankyou Group for the practice, noting that charities receive generous tax breaks and in turn “have an obligation” to be fully transparent about their operations. It’s the Melbourne-based social enterprise that aims to make you feel good about buying bottled water by pledging all of its profits to anti-poverty initiatives in developing countries. Mr. Flynn owns over 9,029 units of Deciphera Pharmaceuticals stock worth over $14,341,115 and over the last 3 years he sold DCPH stock worth over $7,922,278. Social entrepeneur Daniel Flynn took a punt when he asked consumers to "pay what they want" for copies of a book about his inspiring social enterprise, Thank You. Thankyou. What If It Works? The budget covers team members’ interstate and international travel “for range review meetings with retailers and suppliers, auditing and checks on manufacturing and print factories”. Young Australian of the Year Finalist 2013 Global, Daniel Flynn Team From the innovators, makers, creatives, professionals and change-makers in the field, to the lean team at thankyou HQ curating this movement, together we are Team Thankyou. “There are limited circumstances in which the ACNC may agree to withhold a charity’s information from publication, (including) where the information is commercially sensitive and publication could cause harm to the charity or a person.”, To join the conversation, please Log in. What Made Daniel Flynn the ‘Robin Hood’ of Bottled Water Business “If your Idea is good, the money will come” says social entrepreneur Daniel Flynn, the 23-year-old founder of Australian bottled water enterprise ‘Thankyou Water’. A Thankyou spokeswoman said the company aimed to distribute a 70 per cent dividend to its charitable trust and retain 30 per cent of earnings “for good financial stewardship”. Thankyou Group, which owns, Thankyou Future Fund, charged Thankyou Future Fund $202,393 for marketing expenses and $311,412 for book rights to Daniel Flynn book – Chapter One. According to Pro Bono Australia’s Salary Survey, chief executives of Australian charities earned total remuneration ranging from $111,000 to $177,000 in 2019, with the average CEO sitting on $154,000. Daniel Flynn Co-Founder and Managing Director, Thankyou Group Dave Halls Communication expert, international speaker and best-selling author David Bowie Managing Director, SAS … “Bottled water as a category in the supermarkets became the subject of a carefully designed and deliberate deep discounting strategy, especially in the area of home brands,” Thankyou Group said in its 2016-17 report. Frank Chung@franks_chungnews.com.au OCTOBER 22, 2019 NEWS.COM.AU It’s the “social enterprise” that aims to make you feel good about buying its products. | Daniel Flynn - Thankyou Water Inspirational … Business - The Book Warehouse - Lismore - Online Shop Category: Business Get the money basics right and get back on your feet after financial disaster. In 2013, Thankyou Water stopped donating to evangelical Christian group Samaritan’s Purse, which had been criticised for spending nearly 80 per cent of its budget on religious activities and just 11 per cent on aid and disaster recovery. [1][2][3], Daniel Flynn, Justine Flynn, and Jarryd Burns created Thankyou in 2008. It’s time to show your support for the most innovative companies or individuals competing in this year’s competition The finalists for the third annual Real Innovation Awards have been chosen, with 28 of the world’s brightest, most creative individuals or companies hoping to celebrate at … As of February 2019, the Thankyou Charitable Trust has donated more than $6.2 million to charities working in developing countries to provide water, sanitation, hygiene, child and maternal health services. “Whilst Thankyou believe in ensuring we offer our consumers value for money, competing on a deep discount basis is not a sustainable market position. He said while bottled water was its “genesis product”, the purpose of Thankyou was never about selling water but rather harnessing collective consumer power to take action on extreme poverty. Daniel Flynn reveals what it takes to make his dream of building a non-profit company selling water bottles that donates all profits possible. [9] The industry source said Thankyou had “kind of disappeared from the water market”. Daniel Flynn is the co-founder of Thankyou, a social enterprise that exists to help create a world that is free from extreme poverty. This is Elizabeth Smart’s message about being at peace with her past and finding her power back. Join the conversation, you are commenting as, news.com.au — Australia’s leading news site. Australia hasn't had a recession in 30 years - so how can you recover from it? We’ve aimed to keep our total employee expenses in-line with the best performing businesses in Australia. “In previous years, our entertainment and travel has grown as the business has grown, and with the launch into New Zealand in FY18,” she said. “All funds are ultimately committed to the charitable purposes of Thankyou, which is to help end global poverty. Last year, the charitable business — which has an annual revenue of nearly $31 million — paid out less than half of its profits to charity. Daniel Flynn, 24 of Blackburn, has won the inaugural Victorian State Young Achiever of the Year Award at the 2013 Victorian Young Achiever Awards gala dinner held at Etihad Stadium on Friday. It’s the “social enterprise” that aims to make you feel good about buying its products. Accordingly, a number of products in this category were withdrawn from the shelves of our retail partners, resulting in the underperformance in this category.”. [2][8] They also flew helicopters (donated by benefactors) carrying banners over both Coles' Melbourne headquarters and Woolworths' Sydney headquarters with messages thanking the retailers for "changing the world (if you say yes). “While the final results were disappointing, our commitment to the payment of dividends (where it is financially prudent to do so) to our charitable shareholders was upheld,” Thankyou Group said in its 2016-17 statement. Thankyou is not a donation-based charity.”. “A charity can apply to have certain information withheld from the charity register,” he said. “It’s not about me, it’s about us and how we can create change outside of our scope,” says Flynn. Find out more about our policy and your choices, including how to opt-out. Samaritan's Purse was not a signatory to the code of conduct run by the Australian Council for International Development, which bans aid as a vehicle for promoting religion or political groups and requires financial transparency and auditing. See our latest COVID-19 resources to stay safe and manage your events - for attendees and creators. That represents an increase of nearly $10,000 on the previous financial year, when the company spent $4.28 million on employment and personnel and finished the year with 49 staff, an average of $87,300. The spokeswoman said only that he is paid “in line with charitable sector standards as set out by Pro Bono Australia”. [1][4] Distributor Metro Beverage company picked them up shortly after. Daniel has 8 jobs listed on their profile. Thankyou Group does not reveal the salary of managing director Daniel Flynn, who founded the business in 2008 with partner Justine and best friend Jarryd Burns. [4][12], Australian Council for International Development, "Saying Thank You In the Best Way Possible", "Thankyou Water takes public aim at Coles, Woolworths with social campaign", "How Thankyou Water is using Facebook to get stocked at 7-Eleven", "IN GOOD COMPANY: How Thankyou water got the attention of Australia's biggest retailers", "Thankyou Launched A Campaign To Get Coles And Woolworths To Stock Its New Products Today", "Water Startup Thankyou Launch Cole & Woolworths campaign, bring Masterchef finalist in as their Chief Taste Officer! Daniel will share his tips on how to make the “impossible possible” by taking an idea and making it a reality on Tuesday 26 May at the Novotel Pacific Bay Resort from 12 – 2pm. Our founders are both paid a salary consistent with referable organisations in the Australian charitable sector, as an important statement that giving is the heart and purpose of this entity. Co-founder of Thankyou, Daniel Flynn, touched on these profits in the brand’s recent campaign video, “While the world’s been in turmoil, some people got filthy rich…We know because we’re one of them.” Thankyou Group trumpets its figures for providing aid to millions of people. Daniel Flynn of Thankyou, the social enterprise donating 100% of profits to communities in need. Spread the As a result It is 100 per cent owned by the Thankyou Charitable Trust, to which it pays out its profits as quarterly dividends. But customers aren’t being told the full story. [5][6][7] In addition to social media efforts, Thankyou had support from the Channel 7 programme Sunrise as well as celebrity endorsements from Chrissie Swan and Jules Lund. Jeff Bezos: MacKenzie Scott’s epic revenge after donating bi... Northern Beaches cluster: Fake phone numbers, names used in ... Coles, Woolworths: Customers urged not to panic buy. The business also faces stiff competition from cheaper products. Flynn recalls, ‘I had nothing. From the sales of its water, body care, and food products, the company donates funds to safe water, hygiene and sanitation programs, and food security programs in 16 countries. Bottled water is very price competitive.”. [14] They currently work with, Red Cross, Oxfam, Salvation Army and CARE. Today, I’m talking with Daniel Flynn. She said Thankyou had recently raised salaries for some roles in line with the commercial sector after a review by PwC, but that “about 50 per cent of the team” including Mr Flynn were still paid in line with charitable sector standards. Daniel has 1 job listed on their profile. But while the Thankyou Charitable Trust publishes its audited financial statements on the Australian Charities and Not-for-profits Commission register, Thankyou Group publishes only heavily redacted documents that black out any information — such as revenue, cashflow, salaries and other expenses — that could give an insight into how the business is run. The estimated Net Worth of Daniel Lee Flynn is at least $23.4 Million dollars as of 10 August 2020. A registered charity since 2015, Thankyou Group is the “for profit” arm of the business that sells products to retailers across Australia and New Zealand. “Thankyou competes against the largest FMCG brands in the world in one of the hardest retail environments — mainstream FMCG,” she said. Nationwide News Pty Limited Copyright © 2020. Thankyou wants to track the impact of charity spending", https://en.wikipedia.org/w/index.php?title=Thankyou_(company)&oldid=985628859, Creative Commons Attribution-ShareAlike License, This page was last edited on 27 October 2020, at 00:45. Unredacted versions of financial statements seen by news.com.au reveal that, over the past four years, Thankyou Group paid out an average of 67 per cent of its profit in dividends to the Thankyou Charitable Trust. View Daniel Flynn’s profile on LinkedIn, the world's largest professional community. “Travel and entertainment for Thankyou covers flights, accommodation, parking, tolls, meals and car hire.”. 4 x 5cmUncategorized. Daniel Flynn President Possibly also represents: The Trustee For Thankyou Charitable Trust, Thankyou Future Fund Pty Ltd. Thankyou’s leadership team tries to embody the organisation’s ‘we, not I’ ethos. In 2017-18, it paid out $698,296 in dividends representing 48 per cent of its profit and finished the year with more than $2.6 million cash in the bank. Eventbrite brings people together through live experiences. Lara Flynn Boyle (2002) – Rumor Calista Flockhart (2002-Present) Marital Status, Wife and Children Wife/Spouse Calista Flockhart (M. 2010), Mary Marquardt (M. 1964–1979), Melissa Mathison (M. 1983–2004) Marriage Date Not Known Children Benjamin Ford All times AEDT (GMT +11). They rebranded from Thankyou Water to Thankyou and launched the Coles and Woolworths Campaign – a digital marketing and social media campaign targeting Australia's major supermarkets. “Like most organisations, we have an internal travel policy in place that states if employees are required to travel, they are to complete a request form with sufficient lead time so as to avoid incurring unnecessary travel and accommodation costs.”. The Thankyou spokeswoman said the $4.56 million “covers training and education, WorkCover insurance, contractors, fringe benefits tax, payroll tax, long service leave and superannuation as well as salaries” and “therefore cannot be divided as a per head salary cost”. They volunteered their first 2.5 years of work in Thankyou Group to ensure dollars to our project partners in the startup year’s when businesses don’t usually make a profit. Thankyou says it commits ‘100 per cent’ of its profits to ‘ending extreme poverty’.Source:Supplied. In 2017-18, Thankyou Group recorded employment and personnel expenses of $4.56 million and finished the year with 47 staff — which averages out to $97,000 per head. The spokeswoman said the company aimed to distribute a 70 per cent dividend to the Thankyou Charitable Trust and retain 30 per cent of earnings “for good financial stewardship”. Thankyou’s 1.5-litre water retails for $2.10, more than two-and-a-half times the price of both Coles and Woolworths’ equivalent homebrand versions at 80 cents. “So to tackle this and make the most money and raise the most awareness, it needs the best talent, the same as it is in the commercial sector. Thankyou kindly Riley Palmer speaks with Daniel Flynn, co-founder and managing director of Thankyou Group, and learns how to change the world. It’s the Melbourne-based social enterprise that aims to make you feel good about buying bottled water by pledging all of its profits to anti-poverty initiatives in … Thankyou Group MD and co-founder Daniel Flynn Flynn likes to start the day 'as calmly as possible' which he says helps to set up his day and gets him in the right frame of mind. Today, one of her captors was released from jail. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. [11] By 2016, Thankyou raised $3.7 million for projects that have given over 190,000 people access to water, another 300,000 access to hygiene and sanitation, as well as funding 19.1 million days worth of food aid. Daniel Flynn, co-founder of social enterprise Thankyou, is 2014 Victorian Young Australian of the Year. “The distribution was lower in 2018 given challenges the business faced when it launched into the New Zealand market whilst managing the existing category expansion and aggressive competitor activity.”. She said the profit was held back “to remain solvent and ensure working capital for things like purchasing inventory and all other standard business costs”. If the business were to ever cease operations everything would go to the Charitable Trust.”. [4], In 2013, Thankyou launched lines for body care and food that fund hygiene and sanitation programs as well as food security programs. Sign up, Join the conversation, you are commenting as Logout. [15], By 2016, Thankyou raised $3.7 million for projects that have given over 190,000 people access to water, another 300,000 access to hygiene and sanitation, as well as funding 19.1 million days worth of food aid, across 17 countries. 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