425-445 Winnipeg Street
Regina, SK S4R 8P2

Charitable Reg. #:11911 3975 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.

n/r

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.

83%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.



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Programs

About Regina & District Food Bank:

Founded in 1983, Regina Food Bank (RFB) serves hungry people in Regina by providing programs and services directly and through partnerships in the areas of food provision, essential skills development and connections to community supports and opportunities. RFB’s hope is to inspire individuals and the community to work together to address hunger and sustain independence. In F2018, Regina Food Bank reports having 89,828 requests for service.

Regina Food Bank works to eliminate hunger through nutritious food distribution, education and support programs in partnership and cooperation with the community.  In F2018, RFB received 1,586,742kg of food, then worked with 100 local partner agencies to distribute 136,315 pounds of food and 156,427 pounds of non-food household product.

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Finances

Regina Food Bank is a large-sized charity, receiving monetary donations of $1.8m along with $8.7m in donated food in F2018. Administrative costs are 7% of total revenues and fundraising costs are 10% of total donations. For every dollar donated to the charity, 83 cents go to the cause, which is within Ci’s reasonable range for overhead spending.  

The charity has total funding reserves of $640k. Excluding the cost of donated food, Regina Food Bank’s funding reserves cover program costs for just under 6 months. 

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

Updated July 2, 2019, 2019 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 6.6%6.8%5.4%
Fundraising costs as % of donations 10.2%15.8%16.2%
Program cost coverage (%) 47.9%45.6%55.9%

Summary Financial Statements

All figures in $000s
201820172016
Donations 1,7601,7641,795
Goods in kind 8,7278,1028,553
Government funding 3604
Business activities (net) 663710731
Other income 7128
Total revenues 11,19310,58811,092
Program costs 1,3351,2811,205
Administrative costs 743720603
Fundraising costs 179278291
Other costs 7910
Cash flow from operations 8,9298,3008,982
Funding reserves 640584674

Note: In F2018, Ci excluded gain on disposal of property and equipment affecting revenues by ($6k). In F2016, Ci excluded gain on sale of property and equipment affecting revenues by ($660k) and amortization of deferred contributions affecting revenues by ($93k). Ci recognized contributions received year over year, not the amount recognized, in order to break out government contributions versus corporate or individual contributions.

Salary Information

Full-time staff: 21

Avg. Compensation $40,079

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
5
< $40k
4

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.reginafoodbank.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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