Canadian Foodgrains Bank
Winnipeg, MB R3B 3H6
Executive Director: Jim Cornelius
Board Chair: Donald Peters
Charitable Reg. #: 11883 1106 RR0001
Social Results Reporting
Grade: BThe 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 #35
Avg. Compensation $64,543
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:
Canadian Foodgrains Bank (CFGB) was founded in 1983 with the mission to work towards ending global hunger. Its vision is a world without hunger. The charity's international programs include food assistance, agriculture and livelihoods, and nutrition. Its food assistance program provides food to people in emergency situations. Its agriculture and livelihoods program aims to increase self-sufficiency by providing seeds, tools and education. Its nutrition program aims to decrease malnutrition rates by providing families with education, clean water and feeding programs.
Canadian Foodgrains Bank also engages in public policy work to change how governments and international institutions deal with food insecure people. Finally, CFGB encourages public engagement by providing educational resources and encouraging giving and advocacy.
In F2015, Canadian Foodgrains Bank funded 125 projects from 39 countries. The countries benefitting from CFGB's work were located in Africa, Asia and the Americas. Under its public engagement and education arm, 43,000 educational materials were downloaded in F2015.
Canadian Foodgrains Bank is a large charity, with donations of $14.3m (including $5.9m in grain donations) in F2015. This includes $5.9m in grain donations. The majority of its revenues are generated from Foreign Affairs, Trade and Development Canada (DFATD). In F2015, DFATD revenues of $28.6m made up 66% of total revenues. The charity's administrative costs are 6% of revenues and its fundraising costs are 13% of donations. For every $1 donated to Canadian Foodgrains Bank, 81 cents is put towards its programs, falling within Ci's reasonable range. The charity's funding reserves of $38.3m in F2015 results in a program cost coverage ratio of 97%. This indicates that the charity can run its annual programs for 1 year using its current reserves.
This charity report is an update that is being reviewed by Canadian Foodgrains Bank. Changes and edits may be forthcoming.
Updated on June 1, 2016 by Lynn Tay.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||5.9%||5.9%||4.9%|
|Fundraising costs as % of donations||13.0%||10.6%||10.2%|
|Program cost coverage (%)||96.7%||107.2%||93.3%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||5,885||5,918||4,979|
|Fees for service||90||90||90|
|Cash flow from operations||241||(335)||545|