Cambridge Food Bank

54 Ainslie Street South
Cambridge, ON N1R 3K3
Executive Director: Pat Singleton
Board Chair: Ann Miller

Website: www.cambridgefoodbank.on.ca
Charitable Reg. #: 89065 8743 RR0001
Sector: Social Services - Food Bank (Multi-Service Agency)
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 available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #10

Avg. Compensation $44,263

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 3
< $40k 7
Information from most recent CRA Charities Directorate filings for F2014

About Cambridge Food Bank:

Cambridge Food Bank (CFB) offers food and support to people and community groups in need within Cambridge and North Dumfries, Ontario, which together have a population of approximately 132,000.

As of F2014, the Food Bank employs ten full-time equivalent staff and like most food banks throughout Canada, CFB provides emergency food hampers to assist individuals in immediate need. CFB works in partnership with the Salvation Army to provide people with emergency food assistance eight times a year. CFB also operates a Food Co-operative program for low-income individuals and families, in tandem with the emergency hamper program. As well as providing a stable source of groceries, Co-op membership offers opportunities for skill development and personal growth. Members assist Food Bank staff to carry out many administrative, warehouse, and maintenance tasks.

To meet these additional needs of its clients, CFB offers a variety of support services including nutrition workshops, grandparents support groups, Christmas sponsorships, baby baskets and cloth diaper programs, craft and school supplies programs, and used clothing distribution. In addition to assisting over 1,800 families at its facility each month, CFB reaches out to provide food to over 22 community agencies.

Financial Review:

Administrative costs for CFB were 3% of revenues and fundraising costs were 4% of donations in F2014. The charity has funding reserves of $662k, which cover 81% of annual program costs excluding the value of donated food and 21% of annual program costs including the value of donated food.

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

Updated July 24, 2015 by Yash Ahuja.

Financial Ratios

Fiscal year ending March
201420132012
Administrative costs as % of revenues 3.1%3.4%3.6%
Fundraising costs as % of donations 4.4%4.5%7.8%
Program cost coverage (%) 80.6%71.8%346.5%

Summary Financial Statements

All figures in $s
201420132012
Donations 655,918651,66496,270
Goods in kind 2,403,1452,274,010541,168
Government funding 265,300282,81768,432
Fees for service 50,34454,73313,280
Lotteries (net) 26,99020,8473,912
Total revenues 3,401,6973,284,071723,062
Program costs 3,224,7933,115,901730,972
Administrative costs 104,428112,85425,891
Fundraising costs 28,56529,3187,548
Cash flow from operations 43,91125,998(41,349)
Funding reserves 662,308604,351657,610
Note: Ci has added the value of food received and distributed to the charity`s operations, increasing both revenues and expenses by $2.4m in F2014, $2.3m in F2013 and $541k in F2012.

Comments added by the Charity:

No comments have been added by charity

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