Feed Nova Scotia

213 Bedford Highway
Halifax, NS B3M 2J9
Executive Director: Dianne Swinemar
Board Chair: Paul Kidston

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]

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 #37

Avg. Compensation $45,138

Top 10 Staff Salary Range

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

Information from most recent CRA Charities Directorate filings for F2014

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. It accepts, collects and distributes food and food related products to 146 food banks and meal programs that collectively support thousands of Nova Scotians each month. It also provides support services for self-help initiatives, including a helpline and an employment-training program.

Feed Nova Scotia distributed over 1.5 million kilograms of donated food in F2014. It received 16,657 calls on its Helpline, including emotional calls (46%), practical calls (23%), and parental support calls (27%). Its Learning Kitchen program had 27 students in F2014, who produced 69,420 meals for local shelters and meal programs.

Financial Review:

Fundraising costs are 26% of donations, and administrative costs are 5% of revenues. The organization has funding reserves of $161k, which cover 9% of annual program costs excluding the value of donated food and 2% of annual costs including the value of donated food. The F2014 numbers are for 9 months only as the charity shifted its year end to March from June.

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

Updated June 17, 2015 by Yash Ahuja.

Financial Ratios Fiscal year ending March	2014	2013	2012
Administrative costs as % of revenues	4.5%	4.0%	3.4%
Fundraising costs as % of donations	26.2%	19.9%	24.1%
Program cost coverage (%)	8.8%	13.6%	18.5%

Summary Financial Statements All figures in $000s	2014	2013	2012
Donations	1,422	2,355	1,734
Goods in kind	8,249	12,434	14,690
Special events	1,121	1,467	1,653
Other income	51	54	32
Total revenues	10,844	16,311	18,109
Program costs	9,963	14,737	16,892
Administrative costs	484	655	613
Fundraising costs	666	762	816
Other costs	36	92	58
Cash flow from operations	(305)	65	(270)
Funding reserves	161	326	407

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 $8.1m in F2014, $12.3m in F2013 and $14.7m in F2012. Ci reported fundraising revenues gross of stated fundraising costs and included these costs in fundraising expenditures, resulting in an increase of both revenue and expense by $473k (F2014), $533k (F2013), and $518k (F2012).

Comments added by the Charity:

No comments have been added by the charity.