Terra Bay Food Services Inc.
Charitable organization · Toronto, Ontario · BN 778506337RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,584,322) as filed with the CRA.
Terra Bay Food Services Inc. is a charitable organization based in Toronto, Ontario, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported $1.7M in revenue and $1.6M in expenditures.
Its funding that year was roughly 95% from other charities. In 2024, 1 other registered charity reported granting it a combined $1.6M.
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 78% of peers. Its highest-paid positions fell in the $40,000–79,999 range (11 positions in that band). The charity reported 11 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $30K in 2020 to $1.7M in 2024. Its filed list of directors and trustees shows 6 names.
In its own words
The intention of the charity is to provide food without cost to school students who otherwise would not receive proper nutrition and provide facilities for educational programs in food services and for other programs to promote school learning. It also operates or supports the operation of one or more school cafeterias on a subsidized basis.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $1.6M | $1.5M | — | — | $301K |
| 2023 | $1.5M | $1.5M | $1.4M | — | — | $208K |
| 2022 | $1M | $1.1M | $1.1M | — | — | $221K |
| 2021 | $809K | $687K | $644K | — | — | $331K |
| 2020 | $30K | $488K | $427K | — | — | $209K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $1.6M from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,99911 positions
- Permanent full-time positions11
- Total compensation, all staff$830K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Siegfried H. Schroeder (director and president); Walter Schroeder (director and secretary); Joseph Barnsley (director); Matthew W.a Goetz (director); John Guy (director); Bettina Yau (treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from Terra Bay Food Services Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 778506337RR0001), or read how we compute the receipt.