Central Okanagan Food Bank

2310 Enterprise Way
Kelowna, BC V1X 4H7
Executive Director: Lenetta Parry
Board Chair: Fraser Campbell

Charitable Reg. #:10756 1862 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.

92%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.



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Programs

About Central Okanagan Food Bank:

On July 1, 2015 the Westside Community Food Bank and Kelowna Community Food Bank joined forces to become the Central Okanagan Community Food Bank (COFB). COFB works to create a healthy hunger-free community through food distribution. COFB reports that 2,000 kids struggle with hunger in Central Okanagan. The charity operates in two locations – one in Kelowna and another in West Kelowna. COFB reports that the Kelowna location serves between 2,500 and 3,500 individuals per month and its West location serves 800 individuals per month. 33% of clients are children under the age of 15.

Central Okanagan Food Bank reports that in F2017 it distributed over $3.5m in food and that in the month of March 2019, 1,550 separate households accessed the Central Okanagan Food Bank. In March 2019, the charity also reports it distributed 815 kids snack packs to children aged 1-12, and 2,061 adults were able to access emergency food.

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Finances

Central Okanagan Food Bank is a medium-sized charity with $1.4m in donations and special events fundraising in F2017 along with donated food worth $3.5m. Administrative costs are 1% of total revenues (excluding investment income) and fundraising costs are 7% of monetary donations. For every dollar donated to the charity, 92 cents go towards its programs, which is within Ci’s reasonable range of overhead spending.

In F2017, COFB had $207k in funding reserves; however, it has interest bearing debts and loans totaling $3.0m, resulting in a negative program cost coverage of (308%).

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

Updated on August 13, 2019 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending June
201720162015
Administrative costs as % of revenues 1.3%2.5%2.0%
Fundraising costs as % of donations 6.8%7.3%3.9%
Total overhead spending 8.1%9.7%5.8%
Program cost coverage (%) (308.2%)93.6%119.4%

Summary Financial Statements

All figures in $000s
201720162015
Donations 3763651,452
Goods in kind 3,5212,9262,980
Special events 1,001882761
Investment income 131313
Other income 1406494
Total revenues 5,0504,2505,300
Program costs 898830776
Donated goods exp 3,9663,5283,381
Administrative costs 67104103
Fundraising costs 939186
Other costs 302117
Total spending 5,0544,5744,363
Cash flow from operations (4)(324)937
Capital spending 3,647775
Funding reserves (2,769)777926

Note: The charity does not allocate costs to fundraising and administration, thus its fundraising and administration cost ratios may be understated. Ci included other income interest in revenues affecting revenue by $13k in F2017, $13k in F2016, $13k in F2015.

Salary Information

Full-time staff: 11

Avg. Compensation $56,008

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
2
$40k - $80k
4
< $40k
4

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

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

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