330 MacNaughton Avenue
Moncton, NB E1H 2K1
Executive Director: Stephane Sirois
Board President: Dale Hicks

Charitable Reg. #:12919 1250 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.

97%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 97 cents are available for programs.



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OVERVIEW

About Food Depot Alimentaire:

Food Depot Alimentaire is a four-star charity with a Good impact rating. It is financially transparent and has overhead costs outside Ci's reasonable range. It has an average results reporting grade.

Founded in 1987, Food Depot Alimentaire (FDA) provides food to more than 60 agencies including food banks, community soup kitchens, supportive organizations, and school lunch/after-school programs in southeastern New Brunswick. FDA was previously known as Moncton Food Bank but changed its name to better define its work as a distribution centre. It notes that in Moncton, the two area community kitchens serve an average of 740 meals per day to men, women, and children in need. The charity’s primary functions include food storage, distribution, fundraising, food collection, and advocacy.

In 2016, FDA opened the Peter McKee Center in Moncton which combines three community food banks under one building. The facility includes a food bank, an on-site clothing thrift store, a community garden, community rooms, and educational programming. As of April 2021, the Peter McKee Center was no longer operated by Food Depot Alimentaire and became its own entity.

A Charity Intelligence 2022 Top 10 Canadian Food Bank

Food Depot Alimentaire operates a 15,000 square-foot warehouse in Moncton. In F2022, it distributed a total of 4.4 million pounds of food to various organizations, schools, and programs across the province. The largest recipients were Peter McKee Community Centre, Greener Village Community Food Centre, and Shediac Food Bank. Specifically, FDA distributed 4.2 million pounds to 62 food banks and community kitchens.

In F2020, in partnership with Breakfast Club of Canada, FDA distributed 361,778 pounds of food to 50 schools as part of the student nutrition program.

FDA is also part of the Greater Moncton Food Recovery Program. This program aims at recovering food from partners such as Food Banks Canada, Sobeys, Costco, and Wholesale Club. The food is then redistributed to the Peter McKee Food Center and other members of the program.

 

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Results and Impact

In F2022, FDA recovered over 600,000 pounds of food products for a value of $1.5 million through the food recovery program.

While Ci highlights these key results, they may not be a complete representation of Food Depot Alimentaire's results and impact.

Charity Intelligence gave Food Depot Alimentaire an impact rating of Good for proven impact per dollar.

A Charity Intelligence 2022 Top 10 Canadian Food Bank

Impact Rating: Good

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Finances

Food Depot Alimentaire received monetary donations of $1.8m in F2022. FDA received donated food worth $10.9m in F2022. It also received $59k in government funding and $2.0m in lottery profits in F2022.

Administrative costs are 2% of total revenues and fundraising costs are less than 1% of monetary donations. This results in total overhead spending of 3%. For every dollar donated to the charity, 97 cents go to the cause.  This falls outside Ci’s reasonable range for overhead spending.

Food Depot Alimentaire has total funding reserves of $2.5m. Excluding the cost of donated food, FDA’s funding reserves can cover annual program costs for 11 months.

Ci has sent this profile update to Food Depot Alimentaire for review. Changes and edits may be forthcoming.

Updated on June 13, 2023 by Alessandra Castino.

Financial Review


Financial Ratios

Fiscal year ending March
202220212020
Administrative costs as % of revenues 2.4%2.0%1.9%
Fundraising costs as % of donations 0.5%0.5%0.8%
Total overhead spending 2.9%2.6%2.7%
Program cost coverage (%) 93.0%82.0%88.1%

Summary Financial Statements

All figures in $000s
202220212020
Donations 1,8431,8754,742
Goods in kind 10,9499,5059,885
Government funding 59111134
Lotteries (net) 2,019836706
Business activities (net) 0040
Other income 57808
Total revenues 14,92812,40615,515
Program costs 2,6942,2382,806
Donated goods exp 10,9499,5059,885
Administrative costs 353252300
Fundraising costs 101037
Total spending 14,00612,00513,029
Cash flow from operations 9224012,486
Capital spending 3234370
Funding reserves 2,5042,4482,471

Note: In F2021, Food Depot Alimentaire changed its fiscal year end from June to March. The available data for F2021 represents only a nine-month period ending on March 31, 2021. As a result, F2021 figures are not comparable. For F2021 and F2020, Ci consolidated the income statements of Food Depot Alimentaire and Peter McKee Community Centre in the above financial analysis. Ci reported revenue from 50/50 draws net of expenses, decreasing total revenues and expenses by $649k in F2022, $274k in F2021 and $265k in F2020. Ci excluded amortization of deferred capital contributions which decreased revenues by $110k in F2022, $80k in F2021 and $91k in F2020.  Ci adjusted for deferred donations and capital contributions, affecting total revenues by $152k in F2022, $47k in F2021 and $361k in F2020. Ci used unaudited financial statements to conduct this review for the year F2020.  For F2020, Ci calculated program, administrative, and fundraising costs using data from the charity's T3010 CRA filing.

Salary Information

Full-time staff: 18

Avg. compensation: $33,379

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
3
< $40k
7

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.fooddepot.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 506-383-4281

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