Ecotrust Canada

312 Main Street
Vancouver, BC V6A 2T2
President & CEO: Chuck Rumsey
Board Co-Chair: Jacqueline Koerner

Charitable Reg. #:89474 9969 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 5/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

B+

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.

81%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.



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OVERVIEW

About Ecotrust Canada:

Founded in 1995, Ecotrust Canada aims to create a sustainable economy in Canada by funding innovative solutions to environmental and social problems. Based in British Columbia, it works with rural, remote, and Indigenous communities to develop methods of improving sustainability. Ecotrust Canada focuses on addressing issues such as overfishing, energy use, and Indigenous housing shortages.

In F2020, Ecotrust Canada’s three largest programs were Fisheries, Social Enterprises, and Indigenous Home-Lands.

Fisheries represented 43% of program costs in F2020. Ecotrust Canada aims to build a sustainable and vibrant commercial fishery in BC by advocating for policy change, managing local fisheries, and stopping illegal fishing. It hosts Spyglass, the world’s largest public database and map of illegal fishing activities. Since launching in 2019, Spyglass has recorded 7,400 cases of illegal fishing and other crimes committed by commercial ships. In F2020, Ecotrust Canada also helped to launch the Covid-19 Active Fishermen’s Committee and publish a set of safety protocols on fishing in coastal regions during the pandemic.

Social Enterprises were 21% of program costs. Ecotrust Canada owns several for-profit social enterprises that promote sustainability. Ecotrust Canada owns 87.5% of Teem Fish, which uses monitoring tools to help companies track data on fisheries and stay within their regulatory requirements. Teem Fish’s website lists 13 monitoring projects in total, of which nine are currently active. The charity also owns 48% of ThisFish, which offers production tracking software for seafood retailers. Until 2020, Ecotrust Canada operated The Amp, a co-working space launched in 2014 to help address the high cost of office space in Vancouver. The Amp closed during F2020 due to the covid-19 pandemic.

Indigenous Home-Lands represented 12% of program costs. To support Canada’s growing Indigenous population, Ecotrust Canada offers funding and training to Indigenous-led housing initiatives. In F2020, the charity provided one housing project with training services and 24 housing projects with communications support. In partnership with the Huu-ay-aht First Nations, Ecotrust Canada also hosted a series of housing solutions workshops during the year.

The remaining 24% of program costs included Climate Innovation (9%), Energy (9%), and Community Programs (6%).

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Results and Impact

Ecotrust Canada’s Energy programs help provide remote, rural, and Indigenous communities with clean energy. It reports that these regions often face energy costs up to three times the Canadian household average. Through the Heat Pump Project, Ecotrust Canada works with the Haíłzaqv Nation to replace oil furnaces with sustainable heat pumps in homes. Since the program launched in 2018, it has installed 131 heat pumps and saved each home an average of $2,400 in annual energy costs. This included 32 new pumps installed in F2020. 

In F2020, Ecotrust Canada successfully campaigned to create a new provincial cabinet position in BC. The new Parliamentary Secretary of Fisheries and Aquaculture position is responsible for developing strategies to revitalize salmon populations, protect habitats, and monitor BC's fisheries.

While Ci highlights these key results, they may not be a complete representation of Ecotrust Canada’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

Prior to F2020, Ecotrust Canada’s financial statements consolidated the charity with The Amp, a wholly owned subsidiary company. During F2020, the subsidiary became insolvent and shut down, and Ecotrust Canada restated its previous figures to exclude The Amp's operations. Ci has continued to report the consolidated figures for F2019 and F2018.

Ecotrust Canada received donations of $1.3m in F2020. It also received $1.1m in consulting fees (35% of revenues) and $454k in government wage subsidies (14% of revenues) during the year. Administrative costs are 17% of revenues (less investment income) and fundraising costs are 2% of donations. This results in total overhead spending of 19%. For every dollar donated to the charity, 81 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Ecotrust Canada has $2.1m in net funding reserves. The charity can cover 90% or less than 11 months of annual program costs with its existing reserves.

Ecotrust Canada received $123k in proceeds from land sales in F2020, resulting in a negative capital spending figure. This land was donated to the charity in F2019.

Charity Intelligence has sent this update to Ecotrust Canada for review. Changes and edits may be forthcoming.

Updated on August 12, 2021 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending December
202020192018
Administrative costs as % of revenues 17.4%19.7%21.2%
Fundraising costs as % of donations 1.9%0.6%0.5%
Total overhead spending 19.4%20.3%21.6%
Program cost coverage (%) 90.1%76.9%37.4%

Summary Financial Statements

All figures in $s
202020192018
Donations 1,309,9471,299,5021,069,505
Goods in kind 0122,5260
Government funding 454,13058,564131,201
Fees for service 1,115,2681,493,8401,962,628
Business activities (net) 0350,401341,524
Investment income 56813,8651,636
Other income 348,74131,77034,464
Total revenues 3,228,6543,370,4683,540,958
Program costs 2,314,3862,429,3122,796,990
Administrative costs 562,377661,030748,675
Fundraising costs 25,4107,9704,800
Total spending 2,902,1733,098,3123,550,465
Cash flow from operations 326,481272,156(9,507)
Capital spending (104,611)10,22811,862
Funding reserves 2,084,5561,867,2151,045,497

Note: Ci included losses on equity investments in investment income, affecting revenues by ($nil) in F2020, ($1k) in F2019, and ($13k) in F2018. Ci reported covid-19 wage subsidies as government funding and removed the amounts from other income. Ci reported donated land as goods in kind and removed the amounts from donations. Ci gathered program, administrative, and fundraising costs from spending breakdown reports posted on the charity’s website. Ci excluded impairments of loans receivable from social enterprises, affecting program costs by ($410k) in F2020. Ci removed amortization on a pro-rata basis from program and administrative costs.

Salary Information

Full-time staff: 23

Avg. compensation: $50,479

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
2
$80k - $120k
4
$40k - $80k
4
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

The following comment was added to a previous profile update. Updated comments may be forthcoming.

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.

 

Charity Contact

Website: www.ecotrust.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-682-4141

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