102 11 Ave SE
Calgary, AB T2G 0X5
CEO: Stephen Wile
Board Chair: Kevin Schular

Charitable Reg. #:87453 2518 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

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

C

RESULTS REPORTING

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

Fair

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.

74%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 74 cents are available for programs.



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Programs

About The Mustard Seed:

Founded in 1984, Mustard Seed is a Christian charity working to help poor and homeless people in Alberta. Mustard Seed has locations in Calgary, Edmonton, and Red Deer. In September 2018, Mustard Seed expanded into Kamloops, British Columbia. It runs three main programs: Housing, Basic Services, and Support Services.

In F2018, Mustard Seed’s Housing program made up 50% of total program spending. In Calgary, Mustard Seed has 285 affordable housing units in its four buildings. In Edmonton, it operates two housing facilities with a total of 36 permanent and semi-supportive units.

Mustard Seed’s Basic Services program made up 36% of total program spending in F2018. In Calgary, its Downtown Support Centre offers services Monday to Friday, from 9 a.m. to 7 p.m. At the Edmonton location, people can access the food depot and get free food hampers once a month. In Red Deer, Mustard Seed serves lunch twice per week, and serves dinner every Monday, Wednesday, and Friday.

In F2018, Mustard Seed’s Support Services program made up 14% of total program spending. Support Services include Employment, Health and Wellness, Spiritual Care, and more. Mustard Seed provides more than 49,000 services in Calgary each year. In Red Deer, the Mustard Seed School Lunch Program delivers about 350 meals daily to low-income students.

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Finances

Mustard Seed is a ­­­­large charity, with total donations of $15m in F2018. Administrative costs are 5% of revenues (excluding investment income) and fundraising costs are 22% of donations. For every dollar donated, 74 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

­­Mustard Seed’s interest-bearing debts exceed its gross funding reserves of $5.6m. Excluding interest-bearing debts, Mustard Seed could operate using reserve funds for less than a month.

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

Updated on June 19, 2019 by Lauren Chin.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 4.6%6.3%9.4%
Fundraising costs as % of donations 21.9%24.6%25.7%
Total overhead spending 26.5%30.8%35.1%
Program cost coverage (%) -0.7%5.1%5.6%

Summary Financial Statements

All figures in $000s
201820172016
Donations 15,01213,15414,219
Goods in kind 0321359
Government funding 8,5248,9768,855
Fees for service 2,4622,3582,299
Business activities (net) 0(163)(164)
Investment income 65480592
Total revenues 26,65224,72726,160
Program costs 18,82418,02715,686
Administrative costs 1,1841,5422,402
Fundraising costs 3,2923,2303,659
Total spending 23,30022,80021,747
Cash flow from operations 3,3521,9274,413
Capital spending 2,332614143
Funding reserves (130)910883

Note: Ci adjusted for Business loss, affecting revenues by ($163k) in F2017 and ($164k) in F2016.

Salary Information

Full-time staff: 278

Avg. Compensation $46,312

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
2
$80k - $120k
7
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.theseed.ca
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