Greater Vancouver Food Bank Society

1150 Raymur Avenue
Vancouver, BC V6A 3T2
Board Chair: Cheryl Shkurhan
CEO: David Long

Website: www.foodbank.bc.ca
Charitable Reg. #: 10744 9787 RR0001

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

Operating Charity

Charity Rating

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Results Reporting

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

Cents to the Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2014	2015	2016

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Good

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Full-time staff #36

Avg. Compensation $58,652

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	1
$120k - $160k	0
$80k - $120k	4
$40k - $80k	5
< $40k	0

Information from most recent CRA Charities Directorate filings for F2016

About Greater Vancouver Food Bank Society:

Founded in 1982, Greater Vancouver Food Bank Society (GVFB) provides food and assists the poor and needy with food programs. It recognizes that distributing emergency food alone is not a long-term solution. Through its three-pronged approach, GVFB aims to provide high quality food, improve food literacy and build cooking skills. It collects and distributes food through 14 GVFB-run locations and over 90 community agencies in Vancouver, Burnaby, New Westminster and the North Shore. GVFB also runs many programs. Kids’ Picks provides pre-school children with bags of healthy snacks. Basics for Babies helps families to care for young infants by supplying food, formula and diapers. Fresh Choice Kitchens and Downtown Eastside Community Kitchens provide cooking space and opportunities for people to cook together.

In F2016, Greater Vancouver Food Bank Society distributed 4.1 million pounds of food. Purchases account for 26% of the food distributed. It partnered with BC Fresh and local farmers to purchase and distribute 860,000 pounds of fresh produce. Its Food Runners program delivered 536,000 pounds of perishable foods in F2016. In total, 26,500 people use its services weekly.

A GVFB-supported school program, Project CHEF has recorded 11,700 participants so far from kindergarten to Grade 7. GVFB is working to integrate Project Chef as a program in the future.

Financial Review:

Greater Vancouver Food Bank Society is a large-cap charity with monetary donations of $5.7m and $8m of donated food and products in F2016. Administrative costs are 6% of total revenues and fundraising costs are 21% of total cash donations. For every dollar donated, 73 cents goes to the cause, falling within Ci’s reasonable range. GVFB has total funding reserves of $5.6m, including donor-endowed funds of $618k. Excluding the cost of donated food and donor-endowed funds, GVFB’s funding reserves cover program costs for 1.6 years.

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

Updated on May 12, 2017 by Josh Lam.

Financial Ratios Fiscal year ending June	2016	2015	2014
Administrative costs as % of revenues	6.2%	6.3%	6.6%
Fundraising costs as % of donations	21.2%	21.9%	19.0%
Program cost coverage (%)	180.7%	190.2%	190.7%

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	5,705	4,404	4,053
Goods in kind	8,024	8,601	8,156
Investment income	109	125	161
Total revenues	13,837	13,130	12,370
Program costs	3,118	2,579	2,366
Grants	8,024	8,590	8,156
Administrative costs	846	821	807
Fundraising costs	1,210	964	769
Cash flow from operations	640	177	272
Funding reserves	5,633	4,903	4,511

Note: Ci includes donated food in kind in its revenues and expenses calculations.

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