Calgary Food Bank

500 11 Street SE
Calgary, AB T2H 2Y5
President & CEO: James McAra
Board Chair: Richard Alexander

Website: www.calgaryfoodbank.com
Charitable Reg. #: 13016 7349 RR0001

Sector: Social Services - Food Bank (Distributor)

Operating Charity

Charity Rating

[Charity Rating: 4/4]

Social Results Reporting

Grade: B

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 #39

Avg. Compensation $74,455

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	1
$120k - $160k	0
$80k - $120k	5
$40k - $80k	4
< $40k	0

Information from most recent CRA Charities Directorate filings for F2015

About Calgary Food Bank:

Founded in 1982, Calgary Food Bank (CFB) collects and distributes food to struggling individuals, families, single-parents and homeless people through local charities. To cope with different sectors of society, CFB has many focus areas. In addition to funding an emergency food program for families, the charity funds after-school food hampers for children. It also collects excess food supplies from grocery stores, restaurants and vendors to prevent wasting food. CFB reports that 1 in 9 people in Calgary use food banks.

In F2015, Calgary Food Bank received $27.5m worth of food in donations. CFB reports that it provided 3 million meals and gave food to 241,271 people in 2015. It partnered with 3 schools, and distributed 1,929 food hampers and 322,000 milk cartons to children. CFB gave out a further 52,606 food hampers to families in immediate need of food and handed out 16,150 food hampers to homeless people.

Calgary Food Bank claims that, to date, it has redirected food from 292 transportation companies and vendors, saving 13 million pounds of food from wastage.

Financial Review:

Calgary Food Bank is one of Canada's Major 100 charities, which received monetary donations of $7.1m in F2015 along with donated food worth $27.5m in F2015. Administrative costs are 3% of total revenues and fundraising costs are 11% costs of total donations. Total overhead costs come to 15%, falling within Ci's reasonable range. CFB has total funding reserves of $3.3m. Excluding the cost of donated food, CFB's funding reserves cover program costs for 8 months.

This report is an update and is currently being reviewed by the charity. Changes and edits may be forthcoming.

Updated June 20th, 2016 by Mirza Ali Shakir.

Financial Ratios Fiscal year ending August	2015	2014	2013
Administrative costs as % of revenues	3.2%	2.5%	2.3%
Fundraising costs as % of donations	11.4%	10.3%	6.9%
Program cost coverage (%)	67.9%	58.7%	88.9%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	7,101	6,231	7,111
Goods in kind	27,500	31,555	29,421
Government funding	0	36	72
Investment income	54	118	88
Other income	196	204	48
Total revenues	34,850	38,144	36,741
Program costs	4,911	5,111	4,205
Grants	27,500	31,555	29,421
Administrative costs	1,111	967	829
Fundraising costs	806	644	488
Other costs	0	24	40
Cash flow from operations	523	(157)	1,758
Funding reserves	3,332	2,999	3,739

Note: Ci has excluded amortization of deferred capital contributions from its revenue calculations. For food banks, Ci excludes donated goods in kind from its program cost coverage ration calculations.

Comments added by the Charity:

Calgary Food Bank added in 2014:

At the Calgary Food Bank transparency and accountability to the community is taken very seriously. We also recognize that the ongoing sharing of information can occur in many different ways. We encourage all of our donors to contact us directly if they have feedback or cannot find information that they require through our website. Please contact us at 403-253-2059 or info@calgaryfoodbank.com