1513 Station Main
Kamloops, BC V2C 6L8
Executive Director: Bernadette Siracky
Board President: Ashley Ricalton

Charitable Reg. #:13007 6201 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.

A

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.

85%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.



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Programs

About Kamloops Food Bank:

Founded in 1988, Kamloops Food Bank (KFB) works to provide food to people dealing with hunger in the community. KFB’s goal is to create a hunger-free community. KFB reports that, in British Columbia, 103,464 people use a food bank each month.

Through its FoodSHARE program, Kamloops Food Bank collects and distributes perishable and non-perishable food to families, schools, and agencies to prevent people from going hungry. In F2018, KFB reports that it distributed 1.7 million pounds of perishable food (up from 1.4 million in F2017) and 619k pounds of non-perishable food (down from 702k in F2017). In F2018, Kamloops Food Bank reports that it provided food to 716 children under the age of 5, 1,229 children between the ages of 6-18, 4,050 clients between the ages of 19-59, and 702 clients above the age of 60. KFB also reports it provided food to 61 community agencies in F2018, up from 53 agencies in F2017.

Kamloops Food Bank’s Starfish Backpacks Program began in 2016 with the goal to provide children in need food to take home over the weekend. The charity reports that in F2017, it distributed 40 backpacks each week during the school year In F2018, 118 were distributed and the goal for F2019 is 200 backpacks.

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Results and Impact

Kamloops Food Bank reports that since its FoodSHARE program began in 2007, over 11 million pounds of food has been diverted from the landfill and delivered to clients.

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Finances

Kamloops Food Bank does not include donated food as a revenue or expense in its audited financial statements, therefore, it was excluded from Ci’s analysis.

Kamloops Food Bank is a small-sized charity with $803k in donations and special events fundraising in F2018. Administrative costs are 12% of total revenues (excluding investment income) and fundraising costs are 3% of monetary donations. For every dollar donated to the charity, 85 cents go towards its programs, which is within Ci’s reasonable range of overhead spending.

In F2017, COFB has $455k in funding reserves, which can cover annual program costs for nearly 9 months.

This charity report is a new profile that has been sent to Kamloops Food Bank for review. Changes and edits may be forthcoming.

Updated on August 20, 2019 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending August
201720162015
Administrative costs as % of revenues 11.9%14.8%20.0%
Fundraising costs as % of donations 2.9%4.1%3.2%
Total overhead spending 14.8%18.9%23.1%
Program cost coverage (%) 73.9%66.7%70.8%

Summary Financial Statements

All figures in $s
201720162015
Donations 406,836394,036357,496
Goods in kind 4,55917,5375,750
Government funding 23,13515,48014,916
Business activities (net) 26,25000
Special events 396,584241,452181,489
Investment income 1,6911,6461,389
Other income 19,63516,95016,935
Total revenues 878,690687,101577,975
Program costs 615,945485,176401,365
Grants 005,058
Administrative costs 104,171101,665115,205
Fundraising costs 23,22825,86217,065
Total spending 743,345612,703538,693
Cash flow from operations 135,34574,39839,282
Capital spending 35,590124,7460
Funding reserves 455,014323,579287,802

Note: The charity does not categorize its expenses by fundraising, admin, and programs, so its T3010 CRA filing was used in Ci’s analysis for accurate fundraising and administration ratios. Amortization was backed out of expenses on a pro-rata basis.

Salary Information

Full-time staff: 9

Avg. Compensation $40,439

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
2
< $40k
6

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

Website: www.kamloopsfoodbank.org
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