Edmonton's Food Bank

11508 - 120 ST NW
Edmonton, AB T5G 2Y2
Executive Director: Marjorie Bencz
Board Chair: Doug Hughes

Website: www.edmontonsfoodbank.com
Charitable Reg. #: 12918 5310 RR0001
Sector: Social Services - Food Bank (Distributor)
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A-

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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #37

Avg. Compensation $44,491

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 2
$40k - $80k 8
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Edmonton's Food Bank:

Founded in 1981, Edmonton’s Food Bank (EFB) collects excess food supplies and distributes it to local charities that feed low-income people in the community. It also works towards long-term solutions for poverty. EFB’s main objective is to reduce food insecurity amongst people in Edmonton.

In F2016, Edmonton’s Food Bank distributed $23.1m worth of food. EFB collected, repackaged and distributed 4.2 million kilograms of food to over 250 local agencies. These charities gave away 500,000 free meals every month and serve more than 20,000 people through hampers each month. Peak demand for the food bank’s hamper program was in May (23.6k clients), November (22.8k) and June (22.4k). The retail food program, which collects unsalable but edible perishable and non-perishable foods, accounts for 60-80% of distributed food. Its school snack program provides 47 schools with over 40,000 snacks per week.

Edmonton’s Food Bank draws most of its data from an annual survey of EFB’s clients. Through an analysis of F2015 survey results, EFB found that only 17% of its clients live in subsidized housing with 69% paying market rent, and that 40% of its clients are children. Edmonton Food Bank, thus, recommends that the government should train low skilled workers and subsidize housing costs further.

Financial Review:

Edmonton’s Food Bank is considered a large-cap charity with monetary and goods-in-kind donations of $27.2m in F2016. Administrative and fundraising costs for the charity were found on its T3010A filing with the CRA, for which the F2016 filing is not available. Therefore, overhead costs for F2016 are likely understated. In F2015, administrative costs were 2.4% of revenues and fundraising costs were 10% of donations. For every dollar donated, 87 cents went to the cause, falling within Ci’s reasonable range. Edmonton’s Food Bank has funding reserves of $4.4m which can cover program costs, excluding donated food, for just over 15 months.

This report is an update that is currently being reviewed by the charity. Changes and edits may be forthcoming.

Updated June 29, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending December 		201620152014
Administrative costs as % of revenues 0.7%2.4%2.7%
Fundraising costs as % of donations 4.4%10.0%12.0%
Program cost coverage (%) 129.6%164.0%109.8%

Summary Financial Statements

All figures in $000s 		201620152014
Donations 5,3743,8482,960
Goods in kind 21,87018,74617,430
Government funding 04017
Investment income 70211203
Total revenues 27,31422,84620,611
Program costs 3,3651,9051,772
Grants 21,87018,74617,430
Administrative costs 177544541
Fundraising costs 234386354
Other costs 12010
Cash flow from operations 1,6551,265505
Funding reserves 4,3613,1241,945
Note: Ci included unrealized gains and realized gains in its investment income calculations, increasing revenues by $22k in F2016, $49k in F2015 and by $80k in F2014. Ci excludes amortization of deferred capital contributions in its revenue calculations. In its program cost coverage ratio calculation, Ci excludes value of donated food. Fundraising and administrative costs were calculated using the charity's T3010A filing with the CRA.

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