Feed Nova Scotia

213 Bedford Highway
Halifax, NS B3M 2J9
Executive Director: Nick Jennery
Board Chair: Thomas Kozloski

Website: www.feednovascotia.ca
Charitable Reg. #: 11903 9337 RR0001

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

Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #27

Avg. Compensation $65,261

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	0
$120k - $160k	0
$80k - $120k	4
$40k - $80k	6
< $40k	0

Information from most recent CRA Charities Directorate filings for F2016

About Feed Nova Scotia:

The Metro Food Bank Society - Nova Scotia (also known as Feed Nova Scotia) works to eliminate chronic hunger and alleviate poverty in the Province of Nova Scotia. As reported by Food Banks Canada HungerCount report, individuals helped by food banks in Nova Scotia rose by 21% between 2015 and 2016. Feed Nova Scotia accepts, collects and distributes food and food-related products to 147 member agencies that collectively supported 43,682 Nova Scotians in F2016. It also strives to go beyond food, with many of its member agencies providing social services as well.

Feed Nova Scotia distributed over 1.7 million kilograms of donated food in F2016. Its 147 member agencies are comprised of 88 food banks, 43 meal programs and 16 shelters. In F2016, they ran their first Day of Sharing, an event bringing together staff and volunteers from their member agencies to share ideas and find solutions.

Financial Review:

Feed Nova Scotia is a medium-sized charity with donations of $1.7m in F2016. Fundraising costs are 21% of donations, and administrative costs are 4% of revenues. For every dollar donated, 75 cents go to the cause, falling within Ci’s reasonable range. The organization has funding reserves of $306k, which cover 17% of annual program costs excluding the value of food.

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

Updated May 15, 2017 by Josh Lam.

Financial Ratios Fiscal year ending March	2016	2015	2014
Administrative costs as % of revenues	4.3%	4.1%	4.1%
Fundraising costs as % of donations	20.7%	20.3%	26.2%
Program cost coverage (%)	17.4%	8.4%	8.9%

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	1,696	1,740	1,422
Goods in kind	10,153	10,973	8,249
Special events	1,353	1,370	1,121
Other income	166	170	51
Total revenues	13,369	14,252	10,844
Program costs	11,694	13,038	9,949
Administrative costs	572	578	448
Fundraising costs	629	632	666
Other costs	110	152	36
Cash flow from operations	363	(148)	(256)
Funding reserves	306	187	161

Note: Ci added the estimated value of donated food to revenue, and the estimated value of distributed food to expenses. This resulted in an increase of both revenue and expenses by $9.9m in F2016, $10.8m in F2015 and $8.1m in F2014. Ci removed amortization expenses from fundraising, administration and program expenses.

Comments added by the Charity:

No comments have been added by the charity.