Grocery Foundation

5399 Eglinton Ave W., Suite 106
Etobicoke, ON M9C 5K6
Executive Director: Michelle Scott
Chair: André Gagné

Website: www.groceryfoundation.com
Charitable Reg. #: 12697 6711 RR0001
Sector: Fundraising Organization
Public Foundation

Social Results Reporting

Grade: C-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Most recent audited financial statements 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 #1

Avg. Compensation $69,905

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 0
Information from most recent CRA Charities Directorate filings for F2012

About Grocery Foundation:

Founded in 1989, the Grocery Foundation was formed by a group of retailers, manufacturers and food brokers to help children in Ontario. Today it focuses on giving grants to food programs for children. Since its founding, it has distributed $75m to 250 organizations. The Foundation fundraises primarily through: Toonies for Tummies, which asks shoppers at over 1,000 participating Ontario grocery stores to donate $2 at the checkout; and Night to Nurture, a gala event.

In 2012, the Foundation's largest grant (49% of total grants) was toBreakfast for Learning and another 34% of granting went to Kids Help Phone. The Foundation lists another 24 charities that it supported in 2012, including 3 United Way chapters, 3 Big Brothers Big Sisters chapters, and 7 Food Banks.

Financial Review:

Fundraising costs are 53% of donations and administrative costs are 4% of revenue. The Foundation has funding reserves of $4.8m, which cover annual program costs 1.7 times.

Financial Ratios

Fiscal year ending June
201220112010
Administrative costs as % of revenues 4.4%5.1%3.7%
Fundraising costs as % of donations 52.9%54.3%55.9%
Program cost coverage (%) 165.8%309.3%311.0%

Summary Financial Statements

All figures in $000s
201220112010
Donations 3,9725,9556,496
Investment income 11612773
Total revenues 4,0886,0826,569
Grants 2,9191,8691,621
Administrative costs 176305243
Fundraising costs 2,1023,2323,630
Cash flow from operations (1,109)6761,075
Funding reserves 4,8405,7815,042
Note: Ci removed amortization of $25k in F2012 and $8k in F2011. The charity’s financial statements do not disclose unrealized gains/losses on investment; as a result, investment revenue reported above may not be consistent with Ci’s methodology.

Comments added by the Charity:

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