Banque alimentaire Memphrémagog Inc.
Charitable organization · Magog, Quebec · BN 137438453RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($2,101,116) as filed with the CRA.
Banque alimentaire Memphrémagog Inc. is a charitable organization based in Magog, Quebec, classified by the CRA under organizations relieving poverty. In its fiscal year ending March 31, 2024, it reported $2.2M in revenue and $2.1M in expenditures.
Its funding that year was roughly 82% from donations, 10% from government, 6% from other charities. In 2024, 16 other registered charities reported granting it a combined $222K.
Compared with 1,125 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 30% of peers. Its fundraising cost per donated dollar was lower than 94% of that peer group. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 7 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $400K in 2020 to $2.2M in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
Banque alimentaire afin fe pourvoir une aide alimentaire temporaire aux résidents de la mrc de memphrémagog qui sont dans le besoin afin d'améliorer leur qualité de vie et de favoriser leur retour à l'indépendance alimentaire.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $2.1M | $1.7M | $4,784 | — | $1.3M |
| 2023 | $710K | $542K | $427K | $1,814 | — | $1.1M |
| 2022 | $638K | $561K | $442K | $2,184 | — | $903K |
| 2021 | $752K | $456K | $356K | $5,013 | — | $827K |
| 2020 | $400K | $376K | $250K | $539 | — | $530K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $222K from 16 charities:
- Moisson Estrie$74K
- Fondation Desjardins$50K
- Charitable Gift Funds Canada Foundation$34K
- Strategic Charitable Giving Foundation$15K
- Canadahelps Canadon$15K
- TELUS Friendly Future Foundation$11K
- Jewish Community Foundation of Montreal$10K
- Food Banks Canada/Banques Alimentaires Canada$4,848
- Fondation Henrichon-Goulet$3,500
- Food Banks of Québec$2,225
- Fondation Famille Benoit$1,000
- Canadian Online Giving Foundation$483
- PayPal Giving Fund Canada$460
- Centraide Estrie (conseil Régional de Bien-Être de Sherbrooke)$289
- United Way East Ontario / Centraide Est de l'Ontario$50
- Fondation canadienne FCSCJ—
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9991 position
- $40,000–79,9992 positions
- $1–39,9994 positions
- Permanent full-time positions7
- Total compensation, all staff$331K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Michel Morisset (président); Marek Wakulczyk (vice-président); Yves Gosselin (secrétaire); Chantale Roy (trésorière); Louise Beaudin (administratrice); Christian Coupal (administrateur); Élisabeth Têtu (administrateur).
As listed on its 2024 return.
Check the source
Every figure on this page is from Banque alimentaire Memphrémagog Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 137438453RR0001), or read how we compute the receipt.