The Mustard Seed
Calgary, AB T2G 0X5
CEO: Stephen Wile
Board Chair: Kevin Schular
Charitable Reg. #: 87453 2518 RR0001
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.
Program Cost Coverage
Full-time staff #224
Avg. Compensation $40,824
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||5|
|$40k - $80k||3|
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 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 RatiosFiscal year ending March
|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 StatementsAll figures in $000s
|Business activities (net)||1,345||361||(484)|
|Cash flow from operations||676||2,374||547|