Grand Falls Regional Food Bank

363 Chemin Portage
Grand-Sault, NB E3Z 1M2
President: Harry Cross
Vice President: Stephane Bourgoin

Website: n/a
Charitable Reg. #: 88965 4331 RR0001
Sector: Social Services - Food Bank (Distributor)
Operating Charity

Social Results Reporting

Grade: F

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 #2

Avg. Compensation $60,224

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 1
Information from most recent CRA Charities Directorate filings for F2012

About Grand Falls Regional Food Bank:

Founded in 1997, the Grand Falls Regional Food Bank is a member of Food Banks of Canada and the New Brunswick Association of Food Banks. Grand Falls is a town located near the New Brunswick-Maine border, with a population of 5,700. The Food Bank is a participant of the NB Sharing Program, a province-wide fundraising effort that encourages customers to donate at participating stores. In addition to the food bank, the charity also runs a community kitchen and provides furniture. In F2012, it distributed approximately $900k worth of food.

Financial Review:

The charity's financial statements are unaudited. Administrative costs are 2% of revenues and the fundraising costs are 4% of total donations. In F2012, the charity has funding reserves of $11k, which cover 6% of annual program costs.

Financial Ratios

Fiscal year ending December
201220112010
Administrative costs as % of revenues 1.5%1.8%1.6%
Fundraising costs as % of donations 3.3%2.1%3.4%
Program cost coverage (%) 6.2%29.0%5.0%

Summary Financial Statements

All figures in $s
201220112010
Donations 145,790112,942117,432
Goods in kind 867,887857,617711,290
Government funding 47,13647,13647,226
Investment income 61417
Total revenues 1,060,8191,017,709875,965
Program costs 1,053,152988,302848,783
Administrative costs 15,59618,10514,359
Fundraising costs 4,8772,3644,034
Other costs 1,7321,4621,030
Cash flow from operations (14,538)7,4767,760
Funding reserves 10,92132,4075,930
Note: The breakdown between program, fundraising, and administrative costs comes from the charity’s T3010 filing, as the financial statements do not provide a breakdown.

Comments added by the Charity:

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