The Stop Community Food Centre

1884 Davenport Road
Toronto, ON M6H 4E1
Executive Director: Rachael Gray
Board President: John Montesano

Website: www.thestop.org
Charitable Reg. #: 11919 2763 RR0001

Sector: Social Services - Food Bank (Multi-Service Agency)

Operating Charity

Charity Rating

[Charity Rating: 4/4]

Social Results Reporting

Grade: A

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

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #23

Avg. Compensation $54,342

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	0
$120k - $160k	0
$80k - $120k	1
$40k - $80k	9
< $40k	0

Information from most recent CRA Charities Directorate filings for F2014

About The Stop Community Food Centre:

Founded in 1982, The Stop Community Food Centre combines emergency food delivery with a variety of community-building programs to address the underlying issues of hunger, poverty and social isolation. Most of the charity's clients are low-income, immigrant, marginally housed and isolated members living in west Toronto.

The Stop runs programs in two locations: 1884 Davenport Road provides frontline services to the community including a drop-in, food bank, perinatal program, community action program, bake ovens and markets, community cooking, community advocacy, sustainable food systems education and urban agriculture. The Green Barn at 601 Christie Street is a sustainable food production and education centre that houses a greenhouse, food systems education programs, a sheltered garden, community bake oven and compost demonstration centre. In F2014, The Stop served close to 60,000 meals and distributed over 10,000 food hampers. This charity strives to promote a support network among its clients; 80% of the clients feel that they belong to a community at The Stop.

Financial Review:

The Stop's administrative costs are 10% of revenues and fundraising costs are 24% of donations. The Stop has funding reserves of $704k that cover 33% of annual program costs including the value of donated food and 26% of annual program costs excluding the value of donated food.

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

Updated June 15, 2015 by Yash Ahuja.

Financial Ratios Fiscal year ending August	2014	2013	2012
Administrative costs as % of revenues	10.3%	19.3%	16.5%
Fundraising costs as % of donations	24.1%	45.1%	61.7%
Program cost coverage (%)	33.1%	46.7%	107.3%

Summary Financial Statements All figures in $s	2014	2013	2012
Donations	1,577,536	531,489	199,894
Goods in kind	591,373	619,642	606,403
Government funding	305,181	262,508	323,590
Business activities (net)	4,534	100,776	191,134
Special events	747,302	708,371	763,090
Investment income	31,687	64,550	32,984
Total revenues	3,257,613	2,287,336	2,117,095
Program costs	2,721,269	2,849,913	2,707,024
Administrative costs	332,957	429,381	343,785
Fundraising costs	560,781	558,833	593,832
Cash flow from operations	(357,394)	(1,550,791)	(1,527,546)
Funding reserves	704,404	1,040,812	2,254,604

Note: Ci recognizes revenue in the year received. The adjustment for deferred revenue and deferred capital funding reduced revenues by $297k in F2014, $1.6m in F2013 and $ 1.7m in F2012. Revenues from the catering business are reported net of expenses.

Comments added by the Charity:

The charity has provided these comments for a previous version. Updated comments may be provided shortly.

The Stop places great value on being accountable to all of its stakeholders, and believes Canadians should be able to access meaningful information that will help them make informed decisions about their charitable giving. While we support Charity Intelligence’s efforts to increase transparency and accountability in the charitable sector, we believe CI’s methodology is overly simplistic, and fails to reflect the complexity and value of the programs we provide. For this reason, we have chosen to pursue accreditation through Imagine Canada’s Standards Program.

We are always happy to respond to any queries about our organization and our programs. Our audited financial statements can be found on our website at www.thestop.org/resources.

Comments on Charity Intelligence’s methodology

Cash vs. accrual basis:

Charity Intelligence uses the cash basis of accounting to arrive at the numbers in its Summarized Financial Statements section, which involves removing some of our non-cash transactions. The cash basis of accounting is not an accepted method for preparing financial statements. The Stop uses the accrual basis of accounting, as required by the Canada Revenue Agency (CRA) and International Financial Accounting Standards. We have calculated the following surpluses using the legally required and accepted accounting principles:

2011: $75,861

2010: $48,472

2009: $38,427

Funding reserves:

To calculate the funding reserve, Charity Intelligence totals the amount of cash, bank accounts and term deposits an organization has on hand at the end of the year. The Stop uses the working capital calculation to assess its reserves. In 2010, that number was $337,420. This metric starts with cash, bank accounts and term deposits, but reduces that number by the outstanding amounts owing to suppliers and employees, and the amount that is restricted by funders for specific purposes. We believe that working capital more accurately demonstrates how much money we would have left after we fulfilled our required financial obligations.