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Ecotrust Canada

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

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

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #17

Avg. Compensation $60,632

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 9
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Ecotrust Canada:

Founded in 1995, Ecotrust Canada focuses on developing a sustainable ‘conservation economy’ in Canada by coming up with innovative solutions to current economic and environmental problems. Ecotrust Canada works closely with communities across Canada and the United States, with a very strong presence in British Columbia. Ecotrust Canada currently works alongside communities in 52 projects, of which 45 are located in British Columbia.

Ecotrust Canada divides its projects into four major sectors: business innovation, community development, social finance and information democracy. Through its 18 listed Business Innovation projects, Ecotrust Canada tries to turn unique and new economic ideas into successful ventures. The charity recently saw success in one such project called Cheakamus Community Forest Carbon Offsets. The project created 65,663 tonnes of carbon offsets in 2015 and Ecotrust Canada states that these offsets will reduce carbon dioxide emissions by roughly 10,000 tonnes annually.

Ecotrust Canada lists 10 Community Development projects on its website. Ecotrust Canada 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 allows graduate students of Simon Fraser University to help businesses and organizations in Downtown Eastside Vancouver increase capacity and improve performance. In 2015, the first year of the LEDlab project led to subsequent development of the Knack alternative employment program in the city.

Financial Review:

Ecotrust Canada is a small-cap charity with total donations of $585k in F2015. Administrative costs are 18% of revenues and the charity does not report fundraising costs in its audited financial statements. Its most recent F2014 T3010 CRA filing also reports no fundraising costs. The F2015 T3010 filing was not available when this report was created.

Ecotrust Canada holds funding reserves of $1.6m, covering only 78% of annual program costs and indicating a funding need.

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

Updated on August 10, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 17.6%14.6%8.3%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 78.0%55.5%50.9%

Summary Financial Statements

All figures in $s
Donations 585,452816,639928,777
Fees for service 1,698,0661,189,6921,055,572
Business activities (net) 240,65684,9260
Investment income 26,484417616
Other income 96,97115,06946,685
Total revenues 2,647,6292,106,7432,031,650
Program costs 2,046,2581,712,0272,203,702
Administrative costs 461,329308,092168,174
Fundraising costs 000
Other costs (61,466)(3,222)13,755
Cash flow from operations 201,50889,846(353,981)
Funding reserves 1,595,954950,8191,121,336
Note: Ci reported rental income gross of direct expenses in business activities. Ci adjusted for changes in deferred contributions and deferred capital contributions, affecting donations by $26k in F2015, $61k in F2014 and ($186k) in F2013. Program costs consist of contracts and consulting, travel, insurance, supplies, training and recruitment, membership and dues, repairs and salaries costs. Other costs consist of recovery, bank charges and foreign exchange gains.

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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