Canadian Foodgrains Bank

400-393 Portage Ave.
Winnipeg, MB R3B 3H6
Executive Director: Jim Cornelius
Board Chair: Bob Granke

Website: www.foodgrainsbank.ca
Charitable Reg. #: 11883 1106 RR0001
Sector: International Aid
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

Full-time staff #34

Avg. Compensation $84,631

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 4
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

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.

Financial Review:

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 Ratios

Fiscal year ending March
201620152014
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 Statements

All figures in $000s
201620152014
Donations 13,4478,4109,274
Goods in kind 3,8785,8855,918
Government funding 32,51028,63027,189
Fees for service 909090
Investment income 270477464
Other income 395567
Total revenues 50,23443,54743,003
Program costs 29,77726,22825,617
Grants 18,26813,44614,222
Administrative costs 2,7172,5372,521
Fundraising costs 1,1231,096979
Other costs 900
Cash flow from operations (1,659)241(335)
Funding reserves 37,12738,34742,720
Note: Ci gathered donated goods in kind figures from the charity’s T3010 CRA filing, reducing Canadian donations by $3.9m in F2016, $5.9m in F2015 and $5.9m in F2014. Ci gathered grants figures from the charity’s T3010 CRA filing, reducing program costs by $18.2m in F2016, $13.4m in F2015 and $14.2m in F2014. Ci adjusted for FX gains, increasing revenues and decreasing expenses by $28k in F2015 and $12k in F2014. FX losses of $9k in F2016 are reported in other cash expenses. Ci adjusted for amortization, reducing expenses by $214k in F2016, $162k in F2015 and $130k in F2014.

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