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]

Social Results Reporting

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 ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #59

Avg. Compensation $66,394

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 8
$40k - $80k 2
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

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.

Financial Review:

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 Ratios

Fiscal year ending March 		201520142013
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 Statements

All figures in $000s 		201520142013
Donations 7,1136,9606,347
Goods in kind 6,4085,4895,877
Government funding 352413269
Fees for service 189157112
Investment income 584741
Other income 563629
Total revenues 14,17713,10212,676
Program costs 5,5955,7786,266
Grants 6,4085,4895,877
Administrative costs 758306332
Fundraising costs 796724630
Cash flow from operations 621805(429)
Funding reserves 4,1963,7373,636
Note: Ci removed amortization from administrative and fundraising expenses.

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