Food Depot Alimentaire

330 MacNaughton Avenue
Moncton, NB E1H 2K1
Executive Director: Chantal Senecal
Board President: Dale Hicks

Website: www.fooddepot.ca
Charitable Reg. #: 12919 1250 RR0001
Sector: Social Services - Food Bank (Distributor)
Operating Charity

Donor Accountability

Grade: C-

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 available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Fair

Full-time staff #10

Avg. Compensation $20,258

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 1
< $40k 9
Information from most recent CRA Charities Directorate filings for F2017

About Food Depot Alimentaire:

Founded in 1987, Food Depot Alimentaire (FDA) provides food to more than 30 agencies including food banks, community soup kitchens, supportive organizations and school lunch/after-school programs in southeastern New Brunswick. FDA was previously known as Moncton Food Bank but changed its name to better define its work as a distribution centre. It notes that in Moncton, the two area community kitchens serve an average of 740 meals per day to men, women and children in need. The charity’s primary functions include food storage, distribution, fundraising, food collection and advocacy.

Food Depot Alimentaire operates a 12,000 square-foot warehouse in Moncton and reports processing over 2.5 million pounds of dry, fresh and frozen products annually. FDA states that the food corresponds to 1.1 million meals being served to over 30,000 families each year. Out of the 30,000 families, the charity reports roughly 40,000 individuals were adults and 18,000 were children under the age of 18.

In 2016, FDA opened the Peter McKee Center in Moncton which combines 3 community food banks under one building. This centre assists over 1,500 families in moving towards independence and self-sustainability through a variety of services and programs. These include a food bank, an on-site clothing thrift store, a community garden, community rooms and educational programming.

Results and Impact: Charity Intelligence gave Food Depot Alimentaire an impact rating of Fair for proven impact per dollar (see impact grid on the bottom right).

Financial Review:

Food Depot Alimentaire does not provide audited financial statements. Charity Intelligence received its F2016 unaudited financial statements from the CRA. Ci used FDA’s T3010 filings to obtain the charity’s administration costs. The charity reported the exact same administration and fundraising costs on its F2016 and F2015 T3010 CRA filings, although fundraising costs differ on its financial statements. Ci has contacted the charity to confirm these numbers.

Food Depot Alimentaire is a Large charity which received monetary donations of $329k and donated food worth $8.0m in F2016. The charity received and distributed 22% more food in F2016 compared to F2015. It also received $368k in government funding, lottery profits and business activities revenue in F2016. Administrative costs are 1% of total revenues and fundraising costs are 48% of monetary donations. For every dollar donated to the charity, $0.51 goes towards its programs, which falls well outside Ci’s reasonable range for overhead spending. Food Depot Alimentaire has total funding reserves of $188k. Excluding the cost of donated food, FDA’s funding reserves can cover annual program costs for 5 months, indicating a need for donations.

This charity report is an update that has been sent to Food Depot Alimentaire for review. Changes and edits may be forthcoming.

Updated on August 22, 2018 by Derek Houlberg.

Financial Ratios

Fiscal year ending June
201620152014
Administrative costs as % of revenues 0.9%1.1%1.4%
Fundraising costs as % of donations 47.6%35.3%25.0%
Program cost coverage (%) 40.3%59.7%45.8%

Summary Financial Statements

All figures in $000s
201620152014
Donations 329269336
Goods in kind 8,0376,6095,522
Government funding 847967
Lotteries (net) 16713177
Business activities (net) 1178983
Other income 110
Total revenues 8,7347,1776,086
Program costs 467335321
Grants 8,0376,6095,522
Administrative costs 797984
Fundraising costs 1579584
Cash flow from operations (6)6074
Funding reserves 188200147
Note: Ci consolidated the income statements of Food Depot Alimentaire and Peter McKee Community Centre in the above financial analysis. Ci reported revenue from the charity's 50/50 draws net of expenses, decreasing total revenues and expenses by $305k in F2016, $216k in F2015 and $142k in F2014. Ci did not include amortization of deferred capital contributions, decreasing total revenues by $50k in F2016, $45k in F2015 and $48k in F2014. Ci calculated administrative costs using data from the charity's T3010 CRA filing. 

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