Ecotrust Canada

Sector: Environment
Operating Charity
717 East Hastings St.
Vancouver, BC V6A 1R3
Executive Director: Brenda Reid-Kuecks
Board Co-Chairs: Dr. C. Bataille Dr. J. Levy

Website: www.ecotrust.ca
Charitable Reg. #: 89474 9969 RR0001

About Ecotrust Canada:

Founded in 1995, Ecotrust Canada is focused on social innovation and sustainable economic development. Ecotrust Canada is independently governed and funded from its American sister organization Ecotrust. The two share the same mission - to build a conservation economy that creates greater economic resilience and certainty for communities and regions. Ecotrust believes a conservation economy supports good livelihoods, recognizes Aboriginal title and rights, and is structured to enhance and restore the environment. To design and operate proof-of-concept initiatives that demonstrate how this approach works in real time and place, Ecotrust Canada works closely with local communities, typically in remote locations of B.C., and with many First Nations.

Programs focus on forestry, fisheries, "green" building and community development services, including mapping and housing. One example of Ecotrust's work is the tagging and tracing of fish and lumber that are harvested in a sustainable manner, and persuading retailers to purchase these products. Ecotrust is looking for unique niches where it can demonstrably add value. Ecotrust is one of 11 organizations selected by the Federal Government for its "Forest Communities" program.

Financial Review:

Ecotrust derives revenue from donations, US foundations, Federal Government funding, and consulting fees (45% of F2011 revenue). Funding reserves of $0.9m provide 37% program cost coverage. Administrative costs are 12% of revenue and fundraising expense 9% of Canadian donations. It will be important for Ecotrust to see the Forest Communities Program (currently expiring in 2014) renewed.

Financial Ratios

Fiscal year ending December
201120102009
Administrative costs as % of revenues 12.4%11.0%4.0%
Fundraising costs as % of donations 9.5%48.2%19.4%
Program cost coverage (%) 36.8%30.4%31.7%

Summary Financial Statements

All figures in $s
201120102009
Donations 871,806779,1871,514,305
Government funding 449,615395,771582,474
Fees for service 1,169,068789,314622,080
Investment income 47,91093,495304,864
Other income 54,739140,7650
Total revenues 2,593,1382,198,5323,023,723
Program costs 2,523,7052,384,4632,475,399
Administrative costs 316,216232,334109,542
Fundraising costs 56,952137,672294,169
Other costs 57,77517,999103,431
Cash flow from operations (343,862)(573,936)41,182
Funding reserves 922,324724,151784,226
Note: Ci has restated reported revenue by ($127k) in F2011, ($281k) in F2010, and $54k in F2009, representing deferred donations included in revenue in the year received, realized investment gains/losses included in investment income, and gain on sale of capital asset of $8k moved from expense to revenue in F2010.

Comments added by the Charity:

Our programs focus on bridging the divide between producers and consumers; creating information management tools that support informed decision making; designing tools and techniques to ensure better resource management; and linking social finance opportunities to innovative community-based initiatives. Ecotrust Canada is always on the lookout for unique niches where it can demonstrably add value and create triple bottom line results.

Social Results Reporting

Grade: B

The grade is based on the charity’s public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #23

Avg. Compensation $59,081

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 3
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011