The Mustard Seed

102 11 Ave SE
Calgary, AB T2G 0X5
CEO: Stephen Wile
Board Chair: Kevin Schular

Website: www.theseed.ca
Charitable Reg. #: 87453 2518 RR0001
Sector: Social Services - Homeless (Shelter)
Operating Charity

Social Results Reporting

Grade: C+

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #224

Avg. Compensation $40,824

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 1
$80k - $120k 5
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About The Mustard Seed:

Founded in 1984, The Mustard Seed is a Christian organization that serves people experiencing poverty and homelessness in Alberta. The charity operates ministries and shelters in Calgary and Edmonton.

The Calgary operation offers an expansive range of programs and services, including employment education programs, health and wellness services, emergency shelter for 371 men and women, and food programs serving more than 1,000 meals each day. On average, their Foothills emergency shelter serves 350 individuals per night, hitting the capacity of 371 many nights of the year. The shelter offers a hot breakfast and dinner and provides a bagged lunch for all shelter guests. The average stay for individuals is two weeks. As many as 40% of their guests have jobs, but cannot afford a place to live. In March 2014, The Mustard Seed opened an affordable housing complex in Calgary, which provides homes to 224 low-income individuals, many of whom have just come out of homelessness.

The Edmonton operation offers low-income individuals clothing, counselling, housing assistance, employment coaching, and spiritual development, providing 250-300 meals each day through its kitchen.

Financial Review:

Financial summary is based on the consolidated financial statements of The Mustard Seed Society and The Mustard Seed Foundation.

In F2015, The Mustard Seed's administrative costs were 10% of revenues, up from 4% in F2014. Fundraising costs were 26% of donations. Total overhead costs of 36% fall within Ci's reasonable range. The Mustard Seed has a negative funding reserve of -$4.2m. Interest bearing debts grew significantly from $6.6m to $16.4m in F2015, mainly due to a $10.0m increase in bank non-revolving demand loan for building construction.

Analysis updated by Ruoxi Gao in 2016, currently under review by The Mustard Seed.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 9.7%3.7%6.6%
Fundraising costs as % of donations 25.8%23.6%27.6%
Program cost coverage (%) (25.4%)(12.9%)21.8%

Summary Financial Statements

All figures in $000s
201520142013
Donations 11,75611,89812,337
Government funding 9,2868,3426,755
Business activities (net) 1,345361(484)
Investment income 731212
Total revenues 22,39320,63218,819
Program costs 16,50714,68113,629
Administrative costs 2,1767651,235
Fundraising costs 3,0342,8123,408
Cash flow from operations 6762,374547
Funding reserves (4,187)(1,888)2,971
Note: Ci excluded the amortization of capital assets, lowering cash flow from operations by $3m in F2015, $2m in F2014, and $794k in F2013.  

Comments added by the Charity:

If you have any questions about this report, please contact The Mustard Seed at 403-269-1319 or view our Financial Statements online at www.theseed.ca.

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