Alberta Ecotrust Foundation

1711-10 Ave SW, Suite 100
Calgary, AB T3C 0K1
Executive Director: Pat Letizia
Board Co-Chair: Tony Jackson

Website: www.albertaecotrust.com
Charitable Reg. #: 13502 9825 RR0001
Sector: Environment
Operating Charity

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 available only upon request [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #4

Avg. Compensation $66,168

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 2
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Alberta Ecotrust Foundation:

Founded in 1991, Alberta Ecotrust Foundation (AEF) is a granting charity that funds environmental projects across the province. AEF has three priority issues – climate change, water and land use – and only funds projects that address one or more of these issues. AEF has three major programs: Environmental Grants, Capacity Building and Facilitating Collaboration.

Alberta Ecotrust Foundation's Environmental Granting program made up 43% of program costs in F2015. AEF offers community grants for smaller, one-year projects and major grants for larger, one-year projects in the Alberta community. AEF also runs an EcoCity Edmonton grants program in partnership with the City of Edmonton. The charity's website reports that there are 30 current projects operating in Alberta that received funding from AEF. Since its establishment, AEF has funded 570 projects.

Alberta Ecotrust Foundation's Capacity Building program made up 20% of program costs in F2015. Through this program, AEF works directly with its grant recipients to improve performance and effectiveness. Capacity Building activities are AEF's way of making sure that its Environmental Grant program activities have a positive impact on Alberta's environment. In 2014, AEF produced a Mapping What Matters report that included a capacity assessment of Alberta's environmental non-profit organizations (ENGOs) using the McKinsey Organizational Capacity Assessment Tool. From this research initiative, AEF found that Alberta ENGOs face resource challenges due to lack of funding and struggle with marketing, communication and advocacy activities.

Alberta Ecotrust Foundation's Facilitating Collaboration program made up 37% of program costs in F2015. Through this program, AEF forms partnerships with volunteer organizations, industry leaders and corporations and the government to promote awareness on environmental matters. AEF reports that it currently has 30 corporate and environmental partnerships. As part of this program, these 30 partners help AEF review funding applications for the environmental grants program.

Financial Review:

Alberta Ecotrust Foundation is a small-cap charity with total donations of $696k in F2015. Administrative costs are 11% of revenues and the charity does not report fundraising costs in its most recent F2015 audited financial statements. Ci gathered F2014 and F2013 fundraising costs from AEF's T3010 CRA filings. The F2015 T3010 filing was not available when this report was created. In F2014, $0.19 of every donated dollar went to overhead costs, which falls within Ci's reasonable range for overhead spending.

AEF holds funding reserves of $809k, of which $2k is donor-endowed. Excluding donor-endowed funds, the charity's reserves can cover annual program and granting costs for 1.2 years.

This charity report is an update that is currently being reviewed by Alberta Ecotrust Foundation. Changes and edits may be forthcoming.

Updated on August 10, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending December
201520142013
Administrative costs as % of revenues 10.6%8.6%9.4%
Fundraising costs as % of donations 0.0%9.5%10.9%
Program cost coverage (%) 124.2%160.9%299.1%

Summary Financial Statements

All figures in $s
201520142013
Donations 696,136724,617789,756
Government funding 37,5005,1776,081
Fees for service 30,00029,37580,986
Special events 03,5950
Investment income (19,749)27,05138,316
Other income 1,0672,763950
Total revenues 744,954792,578916,089
Program costs 486,065567,837614,350
Grants 165,483120,021236,750
Administrative costs 81,14865,52982,706
Fundraising costs 068,99686,333
Cash flow from operations 12,258(29,805)(104,050)
Funding reserves 809,4271,107,0022,545,680
Note: Ci included unrealized gain(loss) on investment, affecting investment income by ($37k) in F2015, $15k in F2014 and $34k in F2013. For F2014 and F2013, Ci gathered expense figures from the charity’s T3010 CRA filings and backed out amortization ($3k in F2014 and $7k in F2013) from administrative costs. In F2015, total administrative costs consist of financial management expenses.

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