“Thankyou competes against the largest FMCG brands in the world in one of the hardest retail environments — mainstream FMCG,” she said. Daniel Flynn, co-founder of social enterprise Thankyou, is 2014 Victorian Young Australian of the Year. Last year, the charitable business — which has an annual revenue of nearly $31 million — paid out less than half of its profits to charity. Sign up, Join the conversation, you are commenting as Logout. 4 x 5cmUncategorized. Join the conversation, you are commenting as, news.com.au — Australia’s leading news site. Thankyou cofounder Daniel Flynn talks to Pro Bono News about the success of Chapter One and what the future might hold for the social enterprise, as his unconventional first-hand account of how the organisation got started sells 100,000 copies at a pay-what-you [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). If Thankyou entities were to be wound up, anything surplus would go straight through to the Charitable Trust,” she said. See the complete profile on LinkedIn and discover Daniel’s connections and jobs at similar companies. 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. Managing… The estimated Net Worth of Daniel Lee Flynn is at least $23.4 Million dollars as of 10 August 2020. 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’. 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. 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. 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. The industry source said Thankyou had “kind of disappeared from the water market”. 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. 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”. [14] They currently work with, Red Cross, Oxfam, Salvation Army and CARE. As a result Thankyou Group co-founder and managing director Daniel Flynn also acknowledged the company had ties to the Planetshakers Church. 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”. “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.”. 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. 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. “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. [10], In 2014, Daniel Flynn was named Victorian Young Australian of the Year. 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”. Bottled water is very price competitive.”. “It’s not about me, it’s about us and how we can create change outside of our scope,” says Flynn. 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 … 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. Thankyou’s leadership team tries to embody the organisation’s ‘we, not I’ ethos. I am so driven by the future and where we need to go, the next opportunity, the impact we can make, the markets we could and should be in.’ Flynn recognised that by not celebrating the small wins—the progress being made—but rather always focusing on the big end goal and breakthrough, he was creating the same push and drive among his team. In 2016-17 it paid $707,665 or 79 per cent, in 2015-16 it paid $1.2 million or 66 per cent and in 2014-15 it paid $649,250 or 75 per cent. Thankyou says it commits ‘100 per cent’ of its profits to ‘ending extreme poverty’.Source:Supplied. Daniel Flynn of Thankyou, the social enterprise donating 100% of profits to communities in need. Discover events that match your passions, or create your own with online ticketing tools. 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. [1][4] Distributor Metro Beverage company picked them up shortly after. Australia hasn't had a recession in 30 years - so how can you recover from it? 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. 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.” 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’. 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. Daniel Flynn President Possibly also represents: The Trustee For Thankyou Charitable Trust, Thankyou Future Fund Pty Ltd. “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. 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”. It is 100 per cent owned by the Thankyou Charitable Trust, to which it pays out its profits as quarterly dividends. See our latest COVID-19 resources to stay safe and manage your events - for attendees and creators. Daniel has 1 job listed on their profile. If the business were to ever cease operations everything would go to the Charitable Trust.”. 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. The spokeswoman said only that he is paid “in line with charitable sector standards as set out by Pro Bono Australia”. In other words, $513,805 of the money raised from the book Chapter one went on marketing and buying intellectual property rights from the Thankyou Future fund – the money that was to fund globalisation. In 2014, Daniel Flynn was 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”. Visit PayScale to research Coles Myer Ltd salaries, bonuses, reviews, benefits, and more!Coles Rewards & Platinum Rewards Mastercards: the verdict. Flynn recalls, ‘I had nothing. But customers aren’t being told the full story. 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. “The rest of the market, Coles, Aldi, (no longer stock) it. It also includes visiting charity projects Thankyou donates funds to, “which is part of our partnership model and due diligence to ensure the funds are going where they are allocated and the project is sustainable”. “Whilst Thankyou believe in ensuring we offer our consumers value for money, competing on a deep discount basis is not a sustainable market position. Thankyou. Today, one of her captors was released from jail. 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. [1] The company has gained attention for its use of public lobbying via mainstream and social media in order to influence supermarket retailers to stock their products. “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.”. 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. Thankyou is an Australian social enterprise. 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. Campaigns have led to partnerships with retailers including Coles, Woolworths and Australia Post. The statements reveal a relatively high wages bill. [1][2][3], Daniel Flynn, Justine Flynn, and Jarryd Burns created Thankyou in 2008. 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. See the complete profile on LinkedIn and discover Daniel’s connections and jobs at similar companies. What If It Works? Accordingly, a number of products in this category were withdrawn from the shelves of our retail partners, resulting in the underperformance in this category.”. 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 [9] 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. Although it has given away more than $6.2 million since its inception, Thankyou has failed to give away 100 per cent of profits, while racking up sizeable expenses and generous staff salaries. View Daniel Flynn’s profile on LinkedIn, the world’s largest professional community. 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. An ACNC spokesman said he was unable to comment on “specific circumstances of individual charities” due to secrecy provisions in the legislation. 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”. "[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". A campaign calling on the supermarket giants to stock Thankyou’s expanding range of charitable products has resulted in Coles saying ‘yes’. “A charity can apply to have certain information withheld from the charity register,” he said. Daniel Flynn is the co-founder of Thankyou, a social enterprise that exists to help create a world that is free from extreme poverty. Thankyou Group trumpets its figures for providing aid to millions of people. At the age of 19, Daniel Flynn discovered the alarming fact that while 900 million people around the world did not have access to safe drinking water, Australians spent $600 million on bubbled water each year. 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. Business - The Book Warehouse - Lismore - Online Shop Category: Business Get the money basics right and get back on your feet after financial disaster. 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. [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! Ever cease operations everything would go to the Charitable purposes of Thankyou, the social donating... Resources to stay safe and manage your events - for attendees and creators embody the ’. 'S largest professional community s leadership team tries to embody the organisation ’ connections. Can apply to have certain information withheld from the Water market ” your choices, how. 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