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. 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. 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. View Daniel Flynn’s profile on LinkedIn, the world’s largest professional community. Bottled water is very price competitive.”. ", "Thankyou products launched in major supermarkets", "Thankyou Water evangelist links revealed", "Fund-raiser Thankyou Water drops support for evangelical group", "Thankyou founder named Victorian Young Australian of the Year", "Conscientious Commerce: Thankyou Reaches $1M Given", "CHow a visit to The Salvation Army's Hamodava Cafe helped turn Trevor Wulf's life around", "Where does the money go? 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 … | Daniel Flynn - Thankyou Water Inspirational … 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. Don't have an account? Eventbrite brings people together through live experiences. But customers aren’t being told the full story. Thankyou is an Australian social enterprise. 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. “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. The industry source said Thankyou had “kind of disappeared from the water market”. Daniel Flynn, co-founder of social enterprise Thankyou, is 2014 Victorian Young Australian of the Year. 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. 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. 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. If the business were to ever cease operations everything would go to the Charitable Trust.”. Thankyou Group trumpets its figures for providing aid to millions of people. “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. 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. This is Elizabeth Smart’s message about being at peace with her past and finding her power back. [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. 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. 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. Business - The Book Warehouse - Lismore - Online Shop Category: Business Get the money basics right and get back on your feet after financial disaster. 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.” The statements reveal a relatively high wages bill. The spokeswoman said only that he is paid “in line with charitable sector standards as set out by Pro Bono Australia”. Thankyou Group co-founder and managing director Daniel Flynn also acknowledged the company had ties to the Planetshakers Church. 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. “They have a 1.5-litre in Woolworths, a small amount in 7-Eleven but sales are low, and that’s it,” he said. Aussie/ US dollar outlook: Australian dollar reaching 76 cen... China-Australia trade tension: How Beijing will derail Canbe... Find out more about our policy and your choices, including how to opt-out. [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. Thankyou kindly Riley Palmer speaks with Daniel Flynn, co-founder and managing director of Thankyou Group, and learns how to change the world. Watch all Goalcast inspirational videos: Subscribe here for more Goalcast videos: Share this video. It’s the “social enterprise” that aims to make you feel good about buying its products. Nationwide News Pty Limited Copyright © 2020. We’ve aimed to keep our total employee expenses in-line with the best performing businesses in Australia. 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 [4], In 2013, Thankyou launched lines for body care and food that fund hygiene and sanitation programs as well as food security programs. “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.”. In 2014, Daniel Flynn was Daniel Flynn Currently recruiting people with experience in Software Engineering and all things Data. Thankyou first gained widespread public attention in 2013, riding the internet clicktivism wave embodied by the viral success of Kony 2012 with a social media campaign asking customers to bombard the Facebook pages of Coles and Woolworths urging the retailers to stock its products. 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. Accordingly, a number of products in this category were withdrawn from the shelves of our retail partners, resulting in the underperformance in this category.”. 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’. 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”. 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 x 5cmUncategorized. Find out more about our policy and your choices, including how to opt-out. Flynn recalls, ‘I had nothing. View Daniel Flynn’s profile on LinkedIn, the world's largest professional community. "[13] In April 2015, Thankyou began its first Australian project, The Salvation Army's Hamodava Café in Melbourne CBD. Join the conversation, you are commenting as, news.com.au — Australia’s leading news site. 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 … “This is a challenge we’ve had to manage throughout the Thankyou journey. 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”. 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. 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. All times AEDT (GMT +11). [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! [14] They currently work with, Red Cross, Oxfam, Salvation Army and CARE. 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 As a result Daniel Flynn was the 2013 Young Victorian Achiever of the Year.Source:News Limited. “The rest of the market, Coles, Aldi, (no longer stock) it. Thankyou. [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. It is 100 per cent owned by the Thankyou Charitable Trust, to which it pays out its profits as quarterly dividends. Daniel Flynn reveals what it takes to make his dream of building a non-profit company selling water bottles that donates all profits possible. 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. [1][4] Distributor Metro Beverage company picked them up shortly after. 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. Australia hasn't had a recession in 30 years - so how can you recover from it? 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”. 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. She said all money would go to the trust should the company ever be wound up. “All funds are ultimately committed to the charitable purposes of Thankyou, which is to help end global poverty. If Thankyou entities were to be wound up, anything surplus would go straight through to the Charitable Trust,” she said. “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.”. An ACNC spokesman said he was unable to comment on “specific circumstances of individual charities” due to secrecy provisions in the legislation. Managing… Daniel has 8 jobs listed on their profile. See our latest COVID-19 resources to stay safe and manage your events - for attendees and creators. Daniel Flynn of Thankyou, the social enterprise donating 100% of profits to communities in need. “If I see people who are just trying to build their careers, step on people to get ahead, to be honest they don’t last long at Thankyou. The business also faces stiff competition from cheaper products. “Travel and entertainment for Thankyou covers flights, accommodation, parking, tolls, meals and car hire.”. 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. 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. 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”. 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’. What If It Works? Sign up, Join the conversation, you are commenting as Logout. 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. 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”. Campaigns have led to partnerships with retailers including Coles, Woolworths and Australia Post. "[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". Daniel Flynn is the co-founder of Thankyou, a social enterprise that exists to help create a world that is free from extreme poverty. 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. 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. 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 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. “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. 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 The estimated Net Worth of Daniel Lee Flynn is at least $23.4 Million dollars as of 10 August 2020. Managing director Daniel Flynn, who co-founded Thankyou when he was 19, told Pro Bono News that the organisation was always aware of the problems inherent in selling single-use plastic bottled water. 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. 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. 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. Thankyou Water co-founders Daniel and Justine Flynn and Jarryd Burns.Source:News Corp Australia. “Whilst Thankyou believe in ensuring we offer our consumers value for money, competing on a deep discount basis is not a sustainable market position. 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. “A charity can apply to have certain information withheld from the charity register,” he said. 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”. Discover events that match your passions, or create your own with online ticketing tools. “One of the challenges with our very low retained earnings is we are going against bigger FMCG (fast-moving consumer goods) competitors who have very deep pockets,” she said. But customers aren’t being told the full story. 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. Today, I’m talking with Daniel Flynn. See the complete profile on LinkedIn and discover Daniel’s connections and jobs at similar companies. [1][2][3], Daniel Flynn, Justine Flynn, and Jarryd Burns created Thankyou in 2008. 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. 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”. Thankyou is not a donation-based charity.”. 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. Use Message Center (after logging in) to request assistance. “Historically at Thankyou, we paid staff in line with charitable sector standards as set out by Pro Bono Australia, but we were finding it difficult to retain and attract good talent, and also that the benchmarking for the charitable sector was not accurately representing some of the more commercial roles that were within our organisation,” she said. See the complete profile on LinkedIn and discover Daniel’s connections and jobs at similar companies. 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. [9] 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 Co-Founder and Managing Director, Thankyou Group Dave Halls Communication expert, international speaker and best-selling author David Bowie Managing Director, SAS … 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. [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. 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. Spread the A campaign calling on the supermarket giants to stock Thankyou’s expanding range of charitable products has resulted in Coles saying ‘yes’. Thankyou says it commits ‘100 per cent’ of its profits to ‘ending extreme poverty’.Source:Supplied. Thankyou’s leadership team tries to embody the organisation’s ‘we, not I’ ethos. Daniel has 1 job listed on their profile. Daniel Flynn President Possibly also represents: The Trustee For Thankyou Charitable Trust, Thankyou Future Fund Pty Ltd. [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. Soon afterwards, Thankyou Group announced that it will no longer support Samaritan's Purse. “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. Today, one of her captors was released from jail. [10], In 2014, Daniel Flynn was named Victorian Young Australian of the Year. 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. [12], In 2014, Thankyou launched "Track Your Impact. 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. “Thankyou competes against the largest FMCG brands in the world in one of the hardest retail environments — mainstream FMCG,” she said. “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. Soon afterwards, Thankyou Group announced that it will no longer support Samaritan's Purse. Visit PayScale to research Coles Myer Ltd salaries, bonuses, reviews, benefits, and more!Coles Rewards & Platinum Rewards Mastercards: the verdict. 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. 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. [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). 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. 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. Thankyou Group co-founder and managing director Daniel Flynn also acknowledged the company had ties to the Planetshakers Church. “It’s not about me, it’s about us and how we can create change outside of our scope,” says Flynn. “It is, therefore, important that we conduct thorough due diligence on all stakeholders which is reflected in our travel and entertainment budget,” she said. 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. Least $ 23.4 Million dollars as of 10 August 2020 leading News site it commits 100. Recover from it [ 10 ], in 2014, Thankyou Group co-founder and director. The industry source said Thankyou had “ kind of disappeared from the Water market.. 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