Red Deer Food Bank

49 Avenue
Red Deer, AB T4P1N2
Executive Director: Fred Scaife
Vice Board Chair: Mike Thibeau

Charitable Reg. #:1078 78811 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 through official request for information from Charities Directorate.

C

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.

84%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.



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Programs

About Red Deer Food Bank :

Founded in 1984, Red Deer Food Bank provides emergency food requirements for those in need in Red Deer and the surrounding area. Red Deer Food Bank covers an area of 20,000 square kilometers in Central Alberta.

In 2017, Red Deer Food Bank assisted over 58,000 people, of which 40% were children, by distributing food hampers.

Red Deer Food Bank provides food to other agencies in Red Deer, such as Boy's and Girl's Club, Mustard Seed, Potter's Hands, Women's Outreach, soup kitchens, homeless shelters and kids camps.

Red Deer Food Bank also supplies food to other food banks in Central Alberta such as: Blackfalds, Coronation, Caroline, Delburne, Ermineskin, Maskwacis, Innisfail, Lacombe, Mirror, Olds, Ponoka, Rocky Mountain House, Rimbey, Sylvan Lake, Stettler, Three Hills and Trochu.

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Finances

Red Deer Food Bank is a medium-sized charity with F2017 donations of $743k and food donations of $3.8m. Administrative costs are 4% of revenues (excluding investment income) and fundraising costs are 12% of donations. For every dollar donated, 84 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

Red Deer Food Bank has funding reserves of $232k. Funding reserves can cover program costs for 8 months.

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

Updated on August 7, 2019 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending December
20172016
Administrative costs as % of revenues 3.8%3.1%
Fundraising costs as % of donations 12.0%2.9%
Total overhead spending 15.8%6.0%
Program cost coverage (%) 67.2%47.7%

Summary Financial Statements

All figures in $s
20172016
Donations 742,961805,077
Goods in kind 3,766,4884,330,451
Fees for service 13,20014,400
Investment income 4,9993,495
Total revenues 4,527,6485,153,423
Program costs 345,059395,351
Donated goods exp 3,218,2903,364,440
Administrative costs 170,181159,756
Fundraising costs 89,05523,012
Total spending 3,822,5803,942,560
Cash flow from operations 705,0671,210,865
Funding reserves 231,847188,752

Note: Amortization was backed out of expenses on a pro-rata basis, excluding donated food. CRA T3010 filing data was used in Ci’s analysis for admin and fundraising allocation of expenses.

Salary Information

Full-time staff: 7

Avg. Compensation $48,942

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
3
< $40k
3

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

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

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