Hamilton Food Share

339 Barton Street
Stoney Creek, ON L8E 2L2
Executive Director: Joanne Santucci
Board Chair: Joe Mercanti

Website: www.hamiltonfoodshare.org
Charitable Reg. #: 13695 7958 RR0001

Sector: Social Services - Food Bank (Distributor)

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

Cents to The Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2013	2014	2015

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

Full-time staff #9

Avg. Compensation $53,948

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	0
$120k - $160k	0
$80k - $120k	1
$40k - $80k	6
< $40k	2

Information from most recent CRA Charities Directorate filings for F2015

About Hamilton Food Share:

Founded in 1992, Hamilton Food Share (HFS) aims to increase its community's capacity to reduce hunger by supplying food supplies and short-term storage to food banks and hot meal programs. It runs four food recovery programs that collect food in a cost-effective manner. The programs collaborate with company partners that contribute their un-salable products to the charity. HFS also fundraises and facilitates community food drives in support of local food banks.

In F2015, Greater Hamilton Food Share collected and distributed over 2.2 million pounds of food, which is up 24% from F2014. HFS reports that 76% of food was collected through its food recovery programs, 11% was collected through community food drives, and 13% of its food was purchased by HFS. HFS also reports that 78% of the food was distributed to 10 member agencies, 15% was given to the Niagara Regional Hub Food Banks, and 7% was distributed to local community groups. Together, the agencies served are visited over 200,000 times annually.

In March, 2015, HFS’s emergency food network logged 20,246 visits (up 19% from March, 2014), 13,134 from adults and 7,112 from children. HFS also reports that 15,588 meals were served in the month.

Financial Review:

Hamilton Food Share is a medium-sized charity, with donations of $1.3m and donated foods valued at $5.6m in F2015. Its administrative costs are 2% of revenues and its fundraising costs are 19% of donations. For every $1 donated to the charity, 79 cents is put towards its programs, falling within Ci’s reasonable range. The charity’s funding reserves of $596k result in a program cost coverage ratio, excluding donated foods, of 62%. This means that it can cover 7 months of its annual programs using its existing reserves.

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

Updated on August 11, 2016 by Lynn Tay.

Financial Ratios Fiscal year ending March	2015	2014	2013
Administrative costs as % of revenues	1.9%	2.0%	2.4%
Fundraising costs as % of donations	19.1%	19.0%	20.3%
Program cost coverage (%)	62.5%	70.5%	66.8%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	1,325	1,394	1,469
Goods in kind	5,632	4,551	4,237
Government funding	4	3	5
Fees for service	12	12	12
Investment income	4	4	4
Total revenues	6,977	5,963	5,727
Program costs	6,586	5,551	5,239
Administrative costs	129	122	140
Fundraising costs	253	265	298
Cash flow from operations	9	26	50
Funding reserves	596	705	670

Note: Ci has adjusted amortization of deferred capital contributions and donated foods affecting revenues by $5.6m in F2015, by $4.5m in F2014, and by $4.2m in F2013. Ci has adjusted amortization of capital assets and donated foods affecting expenses by $5.6m in F2015, by $4.5m in F2014, and by $4.2m in F2013.

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