Quest Food Exchange

2020 Dundas St.
Vancouver, BC V5L 1J4
Executive Director: Elizabeth Lewis
Board President: Peter Brasso

Website: www.questoutreach.org
Charitable Reg. #: 13710 9807 RR0001
Sector: Social Services - Food Bank (Distributor)
Operating Charity

Donor Accountability

Grade: B+

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.

Full-time staff #24

Avg. Compensation $49,791

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 3
$40k - $80k 4
< $40k 3
Information from most recent CRA Charities Directorate filings for F2017

About Quest Food Exchange:

Founded in 1992, Quest Outreach Society (Quest) began when a youth group started delivering sandwiches to homeless people in downtown Vancouver. In 2006, Quest officially rebranded and changed its name to Quest Food Exchange. Quest aims to “reduce hunger with dignity, build community and foster sustainability”. It works in collaboration with food suppliers who donate their surplus food to provide affordable food to individuals facing food insecurity in British Columbia. The charity takes an environmentally conscious approach to food redistribution to ensure excess food is allocated efficiently to those in need. Quest is based out of Vancouver.

While not open to the general public, Quest Food Exchange gives individuals who are low-income, have a disability, or are on an old-age pension, the opportunity to choose food that suits their needs in a grocery market environment. In F2017, Quest reported having 245,105 client visits at its Not-for-Profit Grocery Markets. In January 2017, the charity opened its fifth Grocery Market location. It now has locations in Vancouver, Surrey, Burnaby and North Vancouver. In F2017, Quest reports to also have provided 250 students in five inner-city schools in BC with healthy snacks during the school year.

Results and Impact: Quest Food Exchange reports as a result of its redistribution program, approximately 933 tonnes of surplus food were diverted from landfill sites in F2017. This also translates to saving approximately 46 tonnes of greenhouse gasses from entering the earth’s atmosphere in F2017.

Financial Review:

Quest Food Exchange is a Large charity which received monetary donations of $2.2m in F2016. Additionally, it collected donated food and equipment worth $8.3m in F2016. Administrative costs are less than 4% of total revenues and reported fundraising costs of only $23k are 1% of total donations. For every dollar donated to the charity, $0.95 goes towards its program, which falls just outside Ci’s reasonable range for overhead spending. Quest Food Exchange has total funding reserves of $597k. Excluding the cost of donated food and equipment, Quest Food Exchange’s funding reserves can cover program costs for just over 4 months, indicating a need for donations.

This is a new charity report that has been sent to Quest Food Exchange for review. Comments and edits may be forthcoming.

Created on July 27, 2018 by Derek Houlberg.

Financial Ratios

Fiscal year ending August
201620152014
Administrative costs as % of revenues 3.9%3.7%4.1%
Fundraising costs as % of donations 1.0%1.1%0.8%
Program cost coverage (%) 35.6%23.2%28.3%

Summary Financial Statements

All figures in $000s
201620152014
Donations 2,1891,9901,852
Goods in kind 8,3498,7018,041
Government funding 757575
Other income 153
Total revenues 10,61410,7719,972
Program costs 1,6741,6431,486
Grants 8,3498,7018,041
Administrative costs 415395407
Fundraising costs 232214
Cash flow from operations 1531024
Funding reserves 597380420
Note: Ci did not include amortization of deferred capital contributions, decreasing total revenues by $54k in F2016, $42k in F2015 and $43k in F2014. Ci included the value of in-kind food donations and equipment donations received in donated goods in kind and in grants, increasing total revenues and expenses by $8.3m in F2016, $8.7m in F2015 and $8.0m in F2014. Ci obtained the administrative and fundraising costs from the charity's T3010 filing with the CRA.

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