The Grocery Foundation

5409 Eglinton Avenue West, Suite 207
Etobicoke, ON M9C 5K6
Executive Director: Michelle Scott
Board Chair: Andre Gagne

Website: www.groceryfoundation.com
Charitable Reg. #: 12697 6711 RR0001
Sector: Social Services - Food Bank (Multi-Service Agency)
Public Foundation

Donor Accountability

Grade: D+

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 #1

Avg. Compensation $13,787

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 0
< $40k 1
Information from most recent CRA Charities Directorate filings for F2015

About The Grocery Foundation:

A group of Ontario grocery stores and food companies founded Grocery Foundation in 1979. Today it focuses on fundraising and grants money and food vouchers to food programs for children. In 2015, Grocery Foundation raised $5.5m and donated $1.8m to 34 Ontario charities. These donations include $1.2m in cash and $740k in goods-in-kind food vouchers. The charities that received the most money were Kids Help phone ($550k), the Ontario Association of Food Banks ($100k), and the Canadian Red Cross ($40k). Food vouchers gifts-in-kind were granted to YMCA Kitchener Waterloo ($145k), Peterborough Family Resource Centre ($113k), and the Toronto District School Board’s separate charity, Foundation for Student Success ($106k) that runs student nutrition programs in 750 schools.

Grocery Foundation’s main fundraising event is the Night to Nurture Gala, which features a silent auction and live entertainment. The Voucher Program provides meal programs with food vouchers provided by Grocery Foundation’s food suppliers. This typically halves the food costs of school nutrition programs. This program focuses on providing food vouchers to the neediest 1,000 elementary schools in Ontario and runs in partnerships with Breakfast for Learning, Ontario Student Nutrition Program, and the Breakfast Club of Canada. The Foundation’s third major fundraising event is Toonies for Tummies where shoppers give $2 at the checkout at over 1,000 participating Ontario grocery stores. In 2015, shoppers gave $1.3 million in the Toonies for Tummies campaign.

Financial Review:

Fundraising costs are 35% of donations and administrative costs are 3% of revenue. These overhead costs slightly exceed Charity Intelligence’s reasonable range. The Foundation has funding reserves of $4.2m, which cover annual program costs 1.4 times.

Grocery Foundation has only provided Charity Intelligence with summarized audited financial statements which is a first. Grocery Foundation’s auditors note that these summarized statement do not contain all disclosures required by Canadian accounting standards for charities and are not a substitute for the complete audited financial statements. This is an unusual situation that Grocery Foundation is addressing. For now, Charity Intelligence is giving full marks for financial transparency. Of note, according to CRA annual filings, Grocery Foundation reports one staff with a salary of $13,787; other management and operating costs are included in professional and consulting fees of $278,605. 

Financial Ratios

Fiscal year ending June
201520142013
Administrative costs as % of revenues 3.0%4.5%5.4%
Fundraising costs as % of donations 34.6%37.5%42.6%
Program cost coverage (%) 136.2%101.2%413.9%

Summary Financial Statements

All figures in $000s
201520142013
Donations 4,7405,0013,435
Fees for service 674564427
Investment income 124217131
Other income 1316
Total revenues 5,5405,7854,009
Program costs 1,2411,330956
Grants 1,8132,3870
Administrative costs 163249207
Fundraising costs 1,6411,8731,462
Cash flow from operations 682(53)1,383
Funding reserves 4,1613,7603,955

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