Fort York Food Bank

797 Dundas Street West
Toronto, ON M6J 1V2
Executive Director: Mike Schoonheyt
Board President: Chris Murphy

Website: www.fyfb.com
Charitable Reg. #: 86714 7464 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 [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #1

Avg. Compensation $43,648

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 1
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Fort York Food Bank:

Founded in 1998, Fort York Food Bank (FYFB) is a downtown Toronto food bank that directly helps people and families. It is volunteer-driven, with only one paid staff member. Each year, Fort York Food Bank helps over 4,000 people. Most of these people live off less than $4 a day, after housing costs. FYFB is a vital service that effectively prevents homelessness with Toronto's most vulnerable.

At FYFB, volunteers take the time to speak with every client that comes through their door. Each client contact is an opportunity to establish trust and identify core needs beyond the immediate supply of food.

FYFB goes beyond distributing food. It assists in reconnecting clients with their community through a holistic group of services. They help them get back on track through counselling, training, and advocacy so they can find jobs, safe housing, and appropriate social/community programs.

In 2015 Charity Intelligence did a deep dive analysis on Fort York Food Bank and found high impact in measurable economic returns. For every dollar people donate, Fort York Food Bank creates more than $8 in measurable economic benefits to its clients and society.

Financial Review:

Administrative costs were 0.4% of revenues and fundraising costs were 5% of donationsin F2014. The funding reserves of $75k cover 50% of annual program costs, excluding the cost of donated food and 6% of annual program costs, including the cost of donated food. The average value of donated food was estimated using the FYFB Key Operating Statistics report.

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

Updated June 9, 2015 by Yash Ahuja.

Financial Ratios

Fiscal year ending March
201420132012
Administrative costs as % of revenues 0.4%0.4%0.4%
Fundraising costs as % of donations 5.4%1.6%1.7%
Program cost coverage (%) 50.2%50.3%48.2%

Summary Financial Statements

All figures in $s
201420132012
Donations 165,508141,232155,984
Goods in kind 1,200,0001,077,0001,007,000
Government funding 2,3834,0764,328
Total revenues 1,367,8911,222,3081,167,312
Program costs 1,208,1441,195,9561,196,970
Administrative costs 4,7514,2914,184
Fundraising costs 9,0102,2412,698
Cash flow from operations 145,98619,820(36,540)
Funding reserves 75,46569,43567,101
Note: Revenues are broken up using the charity's T3010 filing. The increase in deferred revenue for F2012 is not included.

Comments added by the Charity:

No comments have been added by the charity.

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