10117 King Street
Fort McMurray, AB T9H 3J1
Executive Director: Dan Edwards
Board Chair: Kim Jenkins

Charitable Reg. #:10739 4934 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

B

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

Fair

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.

93%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.



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Programs

About Wood Buffalo Food Bank:

Founded in 1983, Wood Buffalo Food Bank Association (WBFB) provides food and support to Fort McMurray's low-income and unemployed population. WBFB collects, manages and distributes food to low-income neighborhoods and homeless shelters throughout the region.

In F2018, Wood Buffalo Food Bank distributed 380,541 pounds of food, feeding 16,457 people. WBFB’s primary method of distributing food is through its traditional food hamper program. In F2018, WBFB distributed 7,971 food hampers.

Wood Buffalo Food Bank’s Snack Attack Program is a program designed to address the increasing need for snacks in schools for children and youth who come to school hungry. This program provides a choice of healthy snacks as approved by Alberta Health Services (AHS). WBFB has designed and delivered a snack attack hamper for each of the 13 schools that meets the requirements as outlined by AHS.

WBFB’s Basic Shelf Program is a 6-week series of workshops combining nutrition, cooking, shopping, and basic financial literacy. These classes are taught weekly, to small groups, by a licensed facilitator, both at the Food Bank and in other community locations.

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Results and Impact

Charity Intelligence has given Wood Buffalo Food Bank a Fair impact rating based on demonstrated impact per dollar spent.

Impact Rating: Fair

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Finances

The most recent financial statements and annual report publicly available on WBFB’s website are from F2016.

Wood Buffalo Food Bank is a Medium-sized charity, which received monetary donations and special events revenues of $2.8m in F2016 along with $1.4m in donated food.  Administrative costs are 5% of total revenues and fundraising costs are 1% of cash donations. For every dollar donated, 93 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

As of F2016, WBFB has total funding reserves of $1.7m which can cover its program costs for almost 1 year.

This report is an update and has been sent to Wood Buffalo Food Bank for review. Changes and edits may be forthcoming.

Updated August 19, 2019 by Parker Thomlinson

 

Financial Review


Financial Ratios

Fiscal year ending July
201620152014
Administrative costs as % of revenues 5.4%6.0%15.5%
Fundraising costs as % of donations 1.4%7.3%10.9%
Total overhead spending 6.7%13.3%26.3%
Program cost coverage (%) 97.1%110.1%213.4%

Summary Financial Statements

All figures in $s
201620152014
Donations 2,322,660646,894229,639
Goods in kind 1,380,194925,4400
Special events 427,742456,15448,189
Investment income 7,3505,2412,989
Other income 6,00127,41420,544
Total revenues 4,143,9472,061,143301,361
Program costs 1,732,936750,004331,284
Administrative costs 222,076123,32246,178
Fundraising costs 37,91780,21530,150
Other costs 1,80514,4300
Total spending 3,374,9281,893,411407,612
Cash flow from operations 769,019167,732(106,251)
Capital spending 65,92911,01215,184
Funding reserves 1,682,544825,664706,827

Note: Ci excluded amortization of deferred capital contributions and recognition of revenue from capital replacement expenditures in its revenue calculations, affecting revenues by ($65k) in F2016, ($6k) in F2015, and ($1k) in F2014. Ci only included food donations and expenses related to distribution in F2016 and F2015, as WBFB does not disclose the dollar amount for F2014.

Salary Information

Full-time staff: 15

Avg. Compensation: $50,637

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
7
< $40k
2

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.woodbuffalofoodbank.com
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