Canadian Foodgrains Bank
Winnipeg, MB R3B 3H6
Executive Director: Jim Cornelius
Board Chair: Bob Granke
Charitable Reg. #: 11883 1106 RR0001
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #34
Avg. Compensation $84,631
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||4|
|$40k - $80k||5|
About Canadian Foodgrains Bank:
Founded in 1983, Canadian FoodGrains Bank (CFGB) is an international-aid charity that addresses global hunger. Major causes of hunger include poverty, the rising cost of food, unexpected relocation due to conflict, natural disasters, poor agricultural infrastructure and gender inequality. CFGB states that of the roughly 800 million people in the world who are undernourished, 97% live in developing countries. Children are most heavily affected, since proper nutrition is important for proper development.
Canadian FoodGrains Bank runs three core programs that target different aspects of global hunger. Its Food Assistance program addresses immediate food needs for those in crisis situations. Its Agriculture and Livelihoods program helps farmers improve their skills to increase yield size through education in sustainable food practices, as well as seed and tool provision. The Nutrition program reduces malnutrition through nutrition education, improving access to clean water, and running special feeding programs in areas of need.
Food Assistance was CFGB’s largest program in F2016 in terms of spending, representing 61% of total program costs. Food Assistance spending funded projects in 24 countries. Agriculture and Livelihoods accounted for 31% of program spending in F2016 with projects in 31 countries. Nutrition made up 6% of program costs in F2016 with projects in 10 countries. CFGB funded a total of 133 projects in F2016 – 50% (67) of projects ran in Africa, 41% (55) of projects ran in Asia, and the remaining 8% (11) projects ran in the Americas. In F2016 the charity reports helping 1,094,549 people total across all core programs – based on total operating costs, CFGB spent $47.41 per person.
Canadian FoodGrains Bank is a big-cap charity with total donations of $13.4m in F2016. Government funding of $32.5m represents 65% of total revenues, coming from the department of Foreign Affairs, Trade and Development Canada. Administrative costs are 5% of revenues and fundraising costs are 8% of donations – $0.87 of every donated dollar goes to the charity's programs, which falls well within Ci’s reasonable range for overhead spending.
CFGB’s funding reserves of $37.1m can cover 77% of annual program costs, showing a funding need.
This charity report is an update that is currently being reviewed by CFGB. Changes and edits may be forthcoming.
Updated on May 17, 2017 by Katie Khodawandi.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||5.4%||5.9%||5.9%|
|Fundraising costs as % of donations||8.4%||13.0%||10.6%|
|Program cost coverage (%)||77.3%||96.7%||107.2%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||3,878||5,885||5,918|
|Fees for service||90||90||90|
|Cash flow from operations||(1,659)||241||(335)|