Children's Book Bank
Toronto, ON M5A 2X5
Executive Director: Kim Beatty
Secretary: Catherine Davis
Charitable Reg. #: 84453 2952 RR0001
Grade: CThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #3
Avg. Compensation $31,246
Top 10 Staff Salary Range
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About Children's Book Bank:
Founded in 2007, the Children’s Book Bank and Literacy Foundation (CBB) provides free books and literary support to children up to the age of twelve living in low-income communities in Toronto. These books are donated by families, publishers and retailers. CBB`s main program, the Berkeley Street Book Bank, operates in the Regent Park area like a children’s bookstore with books and story time, except that the books are free to the children. CBB seeks to put these books in the hands of children who might not otherwise have the opportunity to own books and to provide children with the necessary tools for future academic success.
Through its ‘Beyond Berkeley Street’ program, CBB works with schools and community agencies in Scarborough, Lawrence Heights, Eglinton-Humber, Crescent Town, Rexdale and Thorncliffe Park areas of Toronto to provide free books to children who cannot visit the Regent Park location. Since over 95% of the customers in the Berkeley Street store are repeat customers, this program has expanded CBB’s reach to other high-priority neighbourhoods. In 2014, it distributed over 50,000 books through this program. It also runs a ‘Stories for Students’ program in which a visiting group of children receive a story time and opportunity to take home a book of their choice.
Since 2008, CBB has given out 450,000 free books to children. In 2014, they gave out 115,000 books: 65,000 were at the Berkeley Street store, 50,000 were through outreach partnerships in the ‘Beyond Berkeley Street’ program. Charity Intelligence estimates that each child receives an average of 25 books from CBB. The cost per book for CBB is $3, so for $75, a donor can help build a child`s library and inspire the child to read.
In F2014, total revenues increased to $299k, including $45k in deferred donations. Administrative costs were 17% of revenues and fundraising costs were 5% of donations. Funding reserves of $265k cover annual program costs 1.4 times.
Updated October 13, 2015.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||17.5%||26.2%||12.2%|
|Fundraising costs as % of donations||4.7%||3.4%||0.7%|
|Program cost coverage (%)||144.8%||115.2%||147.4%|
Summary Financial StatementsAll figures in $s
|Cash flow from operations||59,185||(2,048)||103,180|