202 Ave. C South
Saskatoon, SK S7M 1N2
Executive Director: Laurie O'Connor
Board Chair: Quinton Osatchuk

Charitable Reg. #:11914 0903 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

B

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

Good

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

98%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 98 cents are available for programs.



My anchor

OVERVIEW

About Saskatoon Food Bank:

Saskatoon Food bank is a 4-star, financially transparent charity with Good impact. It has an average results reporting grade and its overhead spending is outside of Ci’s reasonable range. The charity has $6.9m in reserve funds, which can cover a year and nine months of annual program costs.

Founded in 1984, Saskatoon Food Bank and Learning Centre (SFBLC) strives to ensure a food secure community in and around Saskatoon. The charity aims to address the underlying issues that contribute to hunger and poverty. It reports that 41% of people accessing its services are children and that one in five children in Saskatoon are experiencing poverty. It adds that 29% of its clients report cost of food as the main reason for their food bank usage. SFBLC’s main programs are Emergency Nutrition and Creating Opportunities. It also has smaller programs such as Nutrition, a tax filing clinic, the Garden Patch and a clothing depot.

The charity does not disclose how much it spends on each of its programs.

SFBLC’s Emergency Nutrition program provides two to three days of food for families and individuals. In F2023, the food bank distributed 2,733,359 lb of food in 87,212 Emergency Food Hampers for people in the Saskatoon area. It also distributed 155,652 lb of food to other agencies for their own programs and services. In addition, it provided 102,651 litres of fresh milk.

The charity’s Creating Opportunities program includes three courses to help adults prepare for employment or further education. The Learning Pathway course is about discovering career options and improving workplace skills. In F2023, 43 people took part in the course. The Workplace Experience Pathway provides work experience for people struggling to find a job. In F2023, the course had 59 participants. Finally, the Employment Transitions Pathway course provides support to people that have participated in one of the other two courses and are still struggling to find a job. In F2023, 36 people took part in this course.

Saskatoon Food Bank’s other programs include the Nutrition program, the Garden Patch, a tax filing clinic and a clothing depot. In F2023, the Nutrition program delivered 71 online cooking classes and provided 591 ingredient kits and 656 pieces of cooking equipment to participants. In total, participants made 7,729 healthy meals and 3,801 snacks and desserts. In F2023, the charity produced 475 cubic yards of compost in its Garden Patch through volunteer work and workshops. It grew 7,184 lb of food, including 91 varieties of fruits, vegetables and herbs. The charity’s tax filing clinic helps clients complete tax returns. In F2023, it served 3,695 people. Saskatoon Food Bank’s clothing depot sells clothing and personal care items at a reduced price. In F2023, it received 21,239 visits.

My anchor

Results and Impact

In F2023, Saskatoon Food Bank and Learning Centre’s tax clinic injected $10,685,482 back into the local economy through tax refunds, GST credits and Canada Child Benefit payments.

In F2022, ten Creating Opportunities participants found employment and three participants furthered their education. These numbers are not provided for F2023.

While Charity Intelligence highlights these key results, they may not be a complete representation of Saskatoon Food Bank and Learning Centre’s results and impact.

Charity Intelligence gave Saskatoon Food Bank and Learning Centre an impact rating of Good for demonstrated impact per dollar spent. 

Impact Rating: Good

My anchor

Finances

Saskatoon Food Bank and Learning Centre is financially transparent. Its audited financial statements are publicly available on its website.

Saskatoon Food Bank and Learning Centre received $7.1m in monetary donations and special events revenue in F2023 along with $10.5m in donated food. 

Administrative costs are less than 1% of revenues and fundraising costs are 1% of donations. This means that for every dollar donated, 98 cents are available for the charity’s programs. This is outside of Ci’s reasonable range for overhead spending; however, it is not uncommon for food banks to have very low overhead cost ratios due to important donated food revenues.

Saskatoon Food Bank and Learning Centre has $6.9m in reserve funds which can cover a year and nine months of annual program costs (excluding the cost of donated food).

SFBLC’s audited financial statements do not provide a full breakdown of fundraising or administrative costs. In F2022 and F2021, Ci reported this information from SFBLC’s T3010 filing with the CRA Charities Directorate. At the time of this charity update, SFBLC’s F2023 T3010 filing with the CRA is not publicly available. Hence, administrative and fundraising costs may be understated. For this same reason, the most recent compensation information is from F2022.

In F2023, Saskatoon Food Bank and Learning Centre had capital expenditures of $3.1m. This is likely due to the charity acquiring new land that will undergo construction in order to increase capacity and offer all programs in the same location.

This charity report is an update that was sent for review to Saskatoon Food Bank and Learning Center. Changes and edits may be forthcoming.

Updated on July 25, 2023 by Victoria Allder.

Financial Review


Financial Ratios

Fiscal year ending March
202320222021
Administrative costs as % of revenues 0.4%2.5%2.0%
Fundraising costs as % of donations 1.3%0.9%1.0%
Total overhead spending 1.6%3.3%3.0%
Program cost coverage (%) 179.0%216.3%190.1%

Summary Financial Statements

All figures in $000s
202320222021
Donations 6,8874,3845,912
Goods in kind 10,4918,0696,247
Government funding 0357312
Fees for service 1199426
Business activities (net) 7900
Special events 2491978
Investment income 1015963
Other income 523628
Total revenues 17,97913,01812,665
Program costs 3,8333,2083,162
Donated goods exp 10,4918,0696,247
Administrative costs 66317248
Fundraising costs 914060
Total spending 14,48111,6339,716
Cash flow from operations 3,4981,3842,949
Capital spending 3,100102136
Funding reserves 6,8606,9396,011

Note: Ci’s analysis includes the value of donated food, affecting total revenues and expenses by $10.5m in F2023, $8.1m in F2022 and $6.2m in F2021. Ci adjusted for deferred donations and deferred gift card donations, affecting revenue by ($80k) in F2023, $191k in F2022 and nil in F2021. Ci adjusted for deferred contributions related to property and equipment, affecting donations by $3.0m in F2023. Ci did not include amortization of deferred capital contribution in revenue, affecting revenue by ($33k) in F2023. In F2022 and F2021, Ci reported government funding from the charity's T3010 filing with the CRA. The charity’s F2023 T3010 filing with the CRA is not available at the time of this profile update, so this adjustment could not be made for the most recent year.

Salary Information

Full-time staff: 59

Avg. compensation: $31,186

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
7
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.saskatoonfoodbank.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 306-664-6565

Print  
Image

Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 500,000 Canadians use our website as a go-to source for information on Canadian charities reading over 1.6 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.

 

Be Informed. Give Intelligently. Have Impact

 

Charitable Registration Number: 80340 7956 RR0001