Daily Bread Food Bank
Toronto, ON M8V 2E7
Executive Director: Gail Nyberg
Board Chair: Al Shulman
Charitable Reg. #: 11888 1549 RR0001
Social Results Reporting
Grade: AThe 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 #59
Avg. Compensation $66,394
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||8|
|$40k - $80k||2|
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 many training and education programs to provide clients with information on government entitlements, legal issues, and employment.
In F2015, Daily Bread Food Bank gave out $6.4m worth of food. It distributed 1.7 million pounds of fruits and vegetables, and handed out 716,000 food hampers. To achieve its goal of providing healthy food, DBFB distributed 730,000 pounds of milk, 183,000 pounds of fish and 126,000 cartons of eggs in F2015. The charity reports that it sends 3,000 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 Ontario.
Daily Bread Food Bank 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.
Daily Bread Food Bank is a Big-Cap charity, which received donations of $7.1m in F2015. It collected donated food worth $6.4m in F2015. Administrative costs are 5% of total revenues and fundraising costs are 11% of total donations. Total overhead costs come to 17%, falling within Ci's reasonable range. DBFB has total funding reserves of $4.2m. 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 June 21st, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||5.4%||2.3%||2.6%|
|Fundraising costs as % of donations||11.2%||10.4%||9.9%|
|Program cost coverage (%)||75.0%||64.7%||58.0%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||6,408||5,489||5,877|
|Fees for service||189||157||112|
|Cash flow from operations||621||805||(429)|