One Drop Foundation

550 Beaumont, Suite 400
Montreal, ON H3N 1V1
CEO: Catherine B. Bachand
Board Chair: Guy Laliberté

Charitable Reg. #: 85342 3192 RR0001
Sector: International Aid
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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #36

Avg. Compensation $93,047

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 2
$120k - $160k 3
$80k - $120k 4
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

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.

Financial Review:

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 Ratios

Fiscal 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 Statements

All figures in $000s
Donations 4,4703,4454,348
Special events 5,2577,4163,762
Investment income 861623878
Other income 5,2312,6572,921
Total revenues 15,81914,14011,909
Program costs - International 5,0165,4136,886
Program costs - Canada 000
Administrative costs 8359081,374
Fundraising costs 4,0563,0394,186
Cash flow from operations 5,9124,780(538)
Funding reserves 19,63917,11512,621
Note: Other revenues includes donations from related parties, including the founder and Cirque du Soleil. 

Comments added by the Charity:

No comments have been added by charity
Go to top