Daily Bread Food Bank

191 New Toronto Street
Toronto, ON M8V 2E7
Executive Director: Gail Nyberg
Board Chair: Al Shulman

Website: www.dailybread.ca
Charitable Reg. #: 11888 1549 RR0001

Sector: Social Services - Food Bank (Distributor)

Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A-

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¢

2014	2015	2016

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

Full-time staff #55

Avg. Compensation $69,429

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	0
$120k - $160k	1
$80k - $120k	8
$40k - $80k	1
< $40k	0

Information from most recent CRA Charities Directorate filings for F2016

About Daily Bread Food Bank:

Founded in 1983, Daily Bread Food Bank (DBFB) is the largest food bank in Toronto, distributing food to 136 social services organizations in the Greater Toronto Area. Every year, DBFB collects and distributes millions of pounds of food to 200 different food programs. DBFB has a research arm, the Learning Centre, where the charity researches poverty in the GTA. Additionally, DBFB runs training and education programs through its new training centre to provide member agencies the support they need to hand out healthy food in a safe and welcoming manner.

In F2016, Daily Bread Food Bank gave out over 8.1 million pounds of food, of which 42% was fresh food and 9% was frozen food. To achieve its goal of providing healthy food, DBFB distributed 736,000 pounds of milk, 166,000 pounds of fish and 115,000 cartons of eggs in F2016. The charity reports that it sends 5,000 meals to shelters, hostels and poor neighbourhoods every week. This year, the Learning Centre submitted recommendations on reducing poverty to the Ontario Budget committee. The centre publishes the annual Who’s Hungry report, which details the causes, consequences and social effects of poverty in Toronto.

Daily Bread Food Bank’s research and policy arm developed Canada’s first Deprivation Index. The index is a list of items a person needs to own to fall above the poverty line. Through this research, DBFB found that 12.5% of children in Ontario are living in poverty.

Financial Review:

Daily Bread Food Bank is a Big-Cap charity receiving donations of $7.2m in F2016. It collected donated food worth $6.2m in F2016. Administrative costs are 6% of total revenues and fundraising costs are 16% of total donations. For every dollar donated, 78 cents goes towards program costs falling within Ci’s reasonable range. DBFB has total funding reserves of $4.3m. Excluding the cost of donated food, DBFB’s funding reserves can cover program costs for 9 months.

This report is an update and is currently being reviewed by the charity. Changes and edits may be forthcoming.

Updated May 19, 2017 by Josh Lam.

Financial Ratios Fiscal year ending March	2016	2015	2014
Administrative costs as % of revenues	6.0%	5.4%	2.3%
Fundraising costs as % of donations	15.7%	11.2%	10.4%
Program cost coverage (%)	78.8%	75.0%	64.7%

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	7,221	7,113	6,960
Goods in kind	6,220	6,408	5,489
Government funding	370	352	413
Fees for service	189	189	157
Investment income	50	58	47
Other income	71	56	36
Total revenues	14,122	14,177	13,102
Program costs	5,469	5,595	5,778
Grants	6,220	6,408	5,489
Administrative costs	847	758	306
Fundraising costs	1,136	796	724
Cash flow from operations	451	621	805
Funding reserves	4,307	4,196	3,737

Note: In F2016, Daily Bread Food Bank changed its year-end date from March 31st to June 30th. Ci's F2015 analysis does reflect the updated year end, therefore, the months of March - June 2015 are missing from the analysis. Ci removed amortization from program, administrative and fundraising costs.

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