One Drop Foundation
Montreal, ON H3N 1V1
CEO: Catherine B. Bachand
Board Chair: Guy Laliberté
Charitable Reg. #: 85342 3192 RR0001
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.
Program Cost Coverage
Full-time staff #36
Avg. Compensation $93,047
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||2|
|$120k - $160k||3|
|$80k - $120k||4|
|$40k - $80k||0|
About One Drop Foundation:
One Drop Foundation (ODF) was founded in 2007 by Guy Laliberté, the founder of Cirque du Soleil. Its mission is to improve living conditions and to give communities the ability to care for themselves and their families, sustainably. ODF takes an ABC approach which includes access, behavior and capital. ODF aims to increase access to safe water, use social art forms to influence positive behavioral changes, and offers capital to further economic growth.
ODF projects are based on a 'tripod' approach. The first component aims to improve water access and water management. Programs include installing communal water filters, refurbishing latrines, and rehabilitating wells. The second component is the AZULA fund, a microfinance fund established in conjunction with Oxfam-Québec and Desjardins. The fund provides loans and financial services to low-income populations in order to boost revenue-generating activity and sustainable development. The final component is a social arts and education component designed to raise awareness and education on water-related issues.
In cooperation with international and local partners, One Drop Foundation works in clusters of countries to optimize its impact in improving water access and management, sanitation and sustainable development. ODF currently has operations in Burkina Faso, Guatemala, El Salvador and in Sheohar, India. In F2015, ODF spent the most in Bihar, India, making up 16% of its program spending. It also spent 12% in Burkina Faso and 11% in Guatemala.
In F2014, ODF reports that it has drilled and restored a total of 49 wells in Burkina Faso, giving 32,000 people easier access to safe drinking water. It reports that this will save women 5 million hours a year, allowing them to engage in productive activities or attend school. ODF also reports that, through its microcredit loans program in El Salvador, 87% of the participants reported an improved familial economic situation. Since 2007, ODF has improved access to water for 478,500 people.
One Drop Foundation is a large charity, with donations and special events revenues of $9.7m in F2015. Its administrative costs are 6% of revenues. Its fundraising costs are 42% of donations, up 14% from F2014. This is due to a 29% decrease in special events revenues despite a 62% increase in direct costs related to the special events revenues. For every $1 donated to the charity, 53 cents is put towards its programs, falling below Ci's reasonable range. The charity's funding reserves of $19.6m includes $4.2m in donor-endowed funds. This results in a program cost coverage ratio, excluding donor-endowed funds, of 321%. This means that it can cover 3.2 years of its annual programs using its existing reserves.
This charity report is an update that is being reviewed by One Drop Foundation. Changes and edits may be forthcoming.
Updated on August 16, 2016 by Lynn Tay.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||5.6%||6.7%||12.5%|
|Fundraising costs as % of donations||41.7%||28.0%||51.6%|
|Program cost coverage (%)||391.5%||316.2%||183.3%|
Summary Financial StatementsAll figures in $000s
|Program costs - International||5,016||5,413||6,886|
|Program costs - Canada||0||0||0|
|Cash flow from operations||5,912||4,780||(538)|