Canadian Foodgrains Bank

400-393 Portage Ave.
Winnipeg, MB R3B 3H6
Executive Director: Jim Cornelius
Board Chair: Kenneth Kim

Website: www.foodgrainsbank.ca
Charitable Reg. #: 11883 1106 RR0001
Sector: International Aid
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 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

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #34

Avg. Compensation $78,353

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 6
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Canadian Foodgrains Bank:

Founded in 1983, Canadian Foodgrains Bank (CFB) is an international-aid charity that aims to end global hunger. CFB is a partnership of 15 church and church-based agencies that work towards this goal. In F2017, CFB helped over 900,000 people in 35 countries through 3 international program types: Food Assistance, Agriculture and Livelihoods, and Nutrition. Its Canadian programs teach us about global hunger and lobby for related policy changes.  

Canadian Foodgrains Bank’s largest program, Food Assistance, accounted for 58% of program spending in F2017. This program provides food for people who are hungry due to emergency crisis situations like war, droughts, or floods. Any food rations are purchased as locally as possible. Food Assistance also includes food-for-work opportunities, and vouchers for people to buy food from local vendors.

CFB spent 31% on its Agriculture and Livelihoods program. Teaching farmers about sustainable farming practices increases the amount of food produced. This works to reduce hunger in the long term.

CFB allocated 7% of program spending to Nutrition. This program provides education about proper nutrition but also offers fortified, nutritious food to malnourished children. Nourishing pregnant mothers and children under 2 is important for the child’s development.

In F2017, Canadian Foodgrains Bank ran 127 projects: 62% (79) were projects in Africa, 28% (36) in Asia, and 9% (12) in the Americas. CFB reports directly helping 924,845 people in F2017 (down 16% from F2016) at $47 per person based on total operating costs.

Results and Impact: Canadian Foodgrains Bank reports that over 95% of food provided in crisis situations gets to those in need. In conflict zones, transport can be difficult. In F2017, CFB was involved in 15 projects in Ethiopia. After one of the Agriculture and Livelihood programs ran in Ethiopia, farmers used the sustainable practices they had learned to increase fava bean production by 25%. 

Financial Review:

Canadian Foodgrains Bank is a large charity with total monetary donations of $12.2m in F2017 as well as $3.6m in goods in kind. The Canadian Government provided CFB with $26.0m of funding in F2017, representing 56% of total revenues. Administrative costs are 6% of revenues and fundraising costs are 11% of donations – $0.83 of every donated dollar goes to the cause, which falls well within Ci’s reasonable range for overhead spending.

CFB’s funding reserves of $41.0m can cover 103% of annual program costs.

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

Updated on May 14, 2018 by Madison Kerr.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 6.0%5.8%5.9%
Fundraising costs as % of donations 10.6%8.4%13.0%
Program cost coverage (%) 102.8%77.3%96.7%

Summary Financial Statements

All figures in $000s
201720162015
Donations 12,34813,4478,410
Goods in kind 3,5513,8785,885
Government funding 30,36929,24528,630
Fees for service 909090
Investment income 324261477
Other income 523955
Total revenues 46,73346,96043,547
Program costs 26,04729,77726,228
Grants 13,78518,26813,446
Administrative costs 2,7802,7172,537
Fundraising costs 1,3121,1231,096
Cash flow from operations 2,817(4,924)241
Funding reserves 40,94937,12738,347
Note: Ci reported donated goods in kind figures from the charity’s T3010 CRA filing, reducing Canadian donations by $3.6m in F2017, $3.9m in F2016, and $5.9m in F2015. Ci reported land donations of $755k in F2016 in donated goods in kind. Ci reported grants figures from the charity’s T3010 CRA filing, reducing program costs by $13.8m in F2017, $18.3m in F2016, $13.4m in F2015 and $14.2m in F2014. Ci adjusted for FX gains, increasing revenues and decreasing expenses by $8k in F2017, and $28k in F2015. FX losses of $9k in F2015 reduced revenues and increased expenses. Ci adjusted for amortization, reducing expenses by $160k in F2017, $214k in F2016, and $162k in F2015.

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