The Grocery Foundation
Etobicoke, ON M9C 5K6
Executive Director: Michelle Scott
Board Chair: Andre Gagne
Charitable Reg. #: 12697 6711 RR0001
Social Results Reporting
Grade: D+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 $13,787
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||0|
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.
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 RatiosFiscal year ending June
|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 StatementsAll figures in $000s
|Fees for service||674||564||427|
|Cash flow from operations||682||(53)||1,383|