Georgian Bay Land Trust

920 Yonge St. Suite 609
Toronto, ON M4W 3C7
Executive Director: Vacant
Board Chair: Peter Cooper

Website: www.gblt.org
Charitable Reg. #: 13195 8811 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 #5

Avg. Compensation $54,669

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 2
< $40k 2
Information from most recent CRA Charities Directorate filings for F2011

About Georgian Bay Land Trust:

GBLT is focused on the islands and eastern shore of Georgian Bay and the North Channel. This area is a UNESCO World Biosphere Reserve and is the world's largest fresh water archipelago. GBLT owes its origins to support from local residents, who continue to provide volunteer services to the organization. The charity was founded in 1991. Almost all of the properties it owns were donations or conservation easements which will continue to be the strategy, however, GBLT may make purchases of land in special circumstances. Today GBLT owns 30 properties and has six conservation easements, for a total of 1,257 acres.

GBLT receives no government funds directly, but it has received funding from the Natural Areas Conservation Program, via NCC. GBLT prepares stewardship plans for all its managed properties and in addition provides stewardship to certain third-party properties in the area. GBLT has only four full-time and one part time staff members. Currently the charity is searching for a new executive director. Staff are assisted by 100 volunteer land stewards.

Financial Review:

Although GBLT has an endowment fund of $1.1m, $940k of this is restricted by donors to be used for long-term land stewardship. As a result, GBLT needs to raise funds annually to cover its operating expenses. GBLT allocates only 1% of costs to administration and reports a 5% fundraising expense ratio including donated land or 31% excluding donated land.

Financial Ratios

Fiscal year ending December
201120102009
Administrative costs as % of revenues 1.4%7.0%2.4%
Fundraising costs as % of donations 5.3%26.0%10.2%
Program cost coverage (%) 44.0%291.0%113.2%

Summary Financial Statements

All figures in $s
201120102009
Donations 412,697455,148796,054
Goods in kind 2,254,0000575,000
Special events 80,873109,73182,738
Investment income 45,70320,2099,002
Other income 8,7097,5828,686
Total revenues 2,801,982592,6701,471,480
Program costs 2,558,430382,261918,970
Administrative costs 39,23040,08135,674
Fundraising costs 142,954133,059142,927
Cash flow from operations 61,36837,269373,909
Funding reserves 1,124,5891,112,2211,039,887
Note: Ci has adjusted reported revenues by $42k in F2011, ($58k) in F2010, and ($69k) in F2009, representing deferred donations in the year acquired and removing unrealized gains and losses on investments. Program costs include the cost of donated land of $2.3m in F2011 and $0.6m in F2009.

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