Etobicoke, ON M9C 5K6
Executive Director: Michelle Scott
Chair: André Gagné
Charitable Reg. #: 12697 6711 RR0001
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.
Program Cost Coverage
Full-time staff #1
Avg. Compensation $69,905
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||1|
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.
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 RatiosFiscal year ending June
|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 StatementsAll figures in $000s
|Cash flow from operations||(1,109)||676||1,075|