Edmonton's Food Bank

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

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 #34

Avg. Compensation $45,241

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	0
$120k - $160k	0
$80k - $120k	1
$40k - $80k	9
< $40k	0

Information from most recent CRA Charities Directorate filings for F2014

About Edmonton's Food Bank:

Founded in 1981, Edmonton’s Food Bank (EFB) collects excess food supplies and distributes them to local charities that feed poor 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. With rising unemployment in Edmonton, the number of people requiring assistance from food banks has increased by 13.8% since 2013.

In F2015, Edmonton Food Bank distributed $18.7m worth of donated food. EFB collected, repackaged and distributed 3.5 million kilograms of food to 230 local charities. These charities gave away 500,000 free meals every month, serving 19,012 clients in December 2015 and 19,533 clients in January 2016.

Edmonton Food Bank draws most of its data from an annual survey of EFB’s clients. Through an analysis of survey results, EFB found that only 18% of its clients live in subsidized housing and that 40% of EFB’s clients are children. Edmonton Food Bank, thus, recommends that the government should train low skilled workers and subsidize housing costs further.

Financial Review:

Edmonton Food Bank is one of Canada’s Major 100 charities, which received monetary donations of $3.8m in F2015 along with donated food worth $18.7m in F2015. Administrative costs are 0.4% of total revenues and fundraising costs are 4% of total donations. Total overhead costs come to 5%, falling within Ci’s reasonable range. EFB has total funding reserves of $3.1m. Excluding the cost of donated food, EFB’s funding reserves cover program costs for 1.2 years.

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

Updated June 20th, 2016 by Mirza Ali Shakir.

Financial Ratios Fiscal year ending December	2015	2014	2013
Administrative costs as % of revenues	0.4%	0.5%	0.4%
Fundraising costs as % of donations	4.3%	4.4%	3.3%
Program cost coverage (%)	122.0%	79.8%	113.8%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	3,848	2,960	2,845
Goods in kind	18,746	17,430	17,690
Government funding	40	17	18
Investment income	211	203	365
Total revenues	22,846	20,611	20,917
Program costs	2,560	2,437	2,226
Grants	18,746	17,430	17,690
Administrative costs	97	93	78
Fundraising costs	165	130	94
Other costs	14	17	0
Cash flow from operations	1,265	505	830
Funding reserves	3,124	1,945	2,534

Note: Ci included unrealized gains and realized gains in its investment income calculations, increasing revenues by $49k in F2015, $80k in F2014 and $98k in F2013. Ci excludes amortization of deferred capital contributions in its revenue calculations. In its program cost coverage ratio calculation, Ci excludes value of donated food.

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