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Ecotrust Canada

90 - 425 Carrall Street
Vancouver, BC V6B 6E3
President & CEO: Jean Pogge
Board Co-Chair: Julia Levy

Website: www.ecotrust.ca
Charitable Reg. #: 89474 9969 RR0001
Sector: Environment
Operating Charity

Donor Accountability

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #15

Avg. Compensation $75,266

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 2
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Ecotrust Canada:

Founded in 1995, Ecotrust Canada (Ecotrust) focuses on developing a sustainable ‘conservation economy’ in Canada by coming up with innovative solutions to current economic and environmental problems. Ecotrust currently works alongside communities on 56 projects across Canada and the United States, of which 46 are located in British Columbia. The charity states that by using its partnership-based approach, innovation capacities and policy expertise, it can contribute to the creation of sustainable economies in these communities. Ecotrust Canada divides its projects into four major sectors: Information Democracy, Business Innovation, Community Development and Social Finance.

Ecotrust currently has 19 Information Democracy projects. Its goal is to make data more open and accessible to the people who need it most. One Information Democracy project is assisting First Nations with referrals management. The charity recognizes that analyzing and responding to referrals in an effective way has proven to be a major logistical and administrative challenge for First Nations today. After surveys and interviews with First Nations and software vendors across BC, it published its findings in Referrals Software — An Analysis of Options in 2017.

Through its 18 Business Innovation projects listed, Ecotrust tries to turn unique and new economic ideas into successful ventures. The charity is driven by the triple-bottom-line, where economic opportunity improves rather than degrades social and environmental conditions. In 2017, it launched its ThisFish program which allows consumers to track their seafood purchases on the Internet. Using a simple tracking code, consumers can judge the quality and sustainability of seafood products they are buying.

Ecotrust lists 12 Community Development projects on its website. It aims to strengthen the country’s economy by increasing community participation in economic activities. One of the charity’s Community Development projects is for the LEDlab program, which provides internships to graduate students of Simon Fraser University to support impact-focused businesses and organizations in Downtown Eastside Vancouver. In its third year of the project, the students found ways to build demand for social enterprise through social procurement, launching a new collaborative income-generating hub for low barrier work, and facilitating micro-enterprise opportunities.

The charity also has 7 Social Finance projects. It reports to take a community development approach to all its lending, investing, and consulting services. In 2017, Ecotrust continued to work with the Heiltsuk Nation to explore financing mechanisms that could allow fish harvesters to offset their fishing costs and gain more freedom from the limits of loan deals with traditional lenders.

Results and Impact: The Forest Stewardship Council (FSC) is a globally recognized eco-certification system for forests and forest products. Since 2000, Ecotrust has held two FSC Group certificates. In 2017, after spending more than 18 months supporting the staff of Burns Lake Community Forest, it became the first forest in British Columbia to become FSC certified since 2011.

Financial Review:

Ecotrust Canada’s audited financial statements do not report cost allocations for fundraising and administration. Charity Intelligence has taken this important information from the charity’s T3010 filing with the CRA. The F2017 annual filing was not yet posted when this report was updated. Ideally the charity’s auditors, KPMG LLP, would report this information in the charity’s audited financial statements. Without this additional information, Ecotrust’s overhead spending and program cost coverage may be misrepresented for F2017.

Ecotrust Canada is a medium-sized charity with donations of $1.2m in F2017, a 62% increase compared to F2016. The charity also received $1.5m for its consulting work and $348k in rental income during the year. Administrative costs are 14% of revenues and the charity does not report fundraising costs in its audited financial statements. Its most recent T3010 CRA filing reports fundraising costs of $30k for F2016. Per dollar donated to the charity, $0.86 goes towards its programs, which falls within Ci’s reasonable range for overhead spending. Ecotrust’s funding reserves of $1.2m can cover 5 months of annual program costs, indicating a need for donations.

This charity report is an update that has been sent to Ecotrust Canada for review. Changes and edits may be forthcoming.

Updated on August 28, 2018 by Derek Houlberg.

Financial Ratios

Fiscal year ending December
201720162015
Administrative costs as % of revenues 14.0%12.2%8.0%
Fundraising costs as % of donations 0.0%4.1%0.0%
Program cost coverage (%) 45.2%41.1%72.1%

Summary Financial Statements

All figures in $s
201720162015
Donations 1,194,144736,398714,278
Fees for service 1,528,0271,624,4101,698,066
Business activities (net) 348,469309,848240,656
Investment income 7,45925,94143,009
Other income 74,88763,76596,971
Total revenues 3,152,9862,760,3622,792,980
Program costs 2,621,9392,506,4082,305,889
Administrative costs 441,526334,488219,335
Fundraising costs 029,8850
Other costs 6,511(13,217)(62,578)
Cash flow from operations 83,010(97,202)330,334
Funding reserves 1,184,1181,029,3631,661,621
Note: Ci reports on a cash basis and thus adjusted for deferred donations, increasing total revenue by $123k in F2017, $112k in F2016 and $155k in F2015. Ci reported rental income gross of direct expenses in business activities. Ci included foreign exchange gain (loss) in investment income, affecting total revenue and expenses by ($7k) in F2017, ($3k) in F2016 and $17k in F2015. Ci did not include gain on disposal of capital assets, decreasing total expenses by $559 in F2016 and $90 in F2015. Ci used the charity's T3010 filing with the CRA for administrative and fundraising costs in F2016 and F2015. The charity's F2017 T3010 filing was not published at the time of this profile update.

Comments added by the Charity:

The comments below relate to a previous version of this charity report. 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.

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