Assiniboine Park Conservancy

55 Pavilion Crescent
Winnipeg, MB R3P 2N6
President & CEO: Margaret Redmond
Board Chair: Hartley T. Richardson

Website: www.assiniboinepark.ca
Charitable Reg. #: 80866 4015 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 available only upon request [ 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¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #168

Avg. Compensation $59,292

Top 10 Staff Salary Range

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

About Assiniboine Park Conservancy:

Founded in 2008, Assiniboine Park Conservancy (APC) is responsible for taking care of Winnipeg’s Assiniboine Park. The charity has a 50-year lease on the Park with the City of Winnipeg. The city owns the property and assets, and gives an annual grant to the charity to support the Park’s operations and maintenance.

In 2009, APC started its Imagine a Place campaign to redevelop the Park and Zoo in three major phases. The City of Winnipeg is committed to cover a quarter of the costs associated with the project. The first phase, now complete, was renewal of the Park. This included building the Park’s Nature Playground and Streuber Family Children’s Garden, the Qualico Family Centre and the Park Café, and renewing the Riley Family Duck Pond.  The second phase, also complete, focused on Zoo redevelopment projects such as the Leatherdale International Polar Bear Conservation Centre, the McFeetors Heavy Horse Centre, and the Journey to Churchill exhibit. The third phase, which is still in progress, focuses on building a horticultural attraction called Canada’s Diversity Gardens.

Assiniboine Park Conservancy runs a variety of programs for people to enjoy the Park’s and Zoo’s attractions – adult programs, kids’ programs, a summer Zoo Camp, custom programs, school & group programs, outreach programs and a membership program. The charity also has a research and conservation department. In 2015, the Zoo took in 20 new animals due to transfers or births – five horses, three polar bears, a tiger, three seals, two snow leopards, a musk ox, three red panda cubs and two pronghorns. As part of its refurbishing activities, APC built three new bottle filling stations that saved over 10,000 plastic water bottles, planted over 500 water-wise trees, and reportedly saved around 40,000 liters of water through water valve upgrades and new irrigation boxes.

Assiniboine Park Conservancy reports over 4.5 million visitors to the Park and Zoo annually. In 2015, the charity had over 17,000 Park and Zoo members. During the year, 12,167 students participated in curriculum-linked school and group programs, 1,717 students visited through educational field trips subsidized by APC, 1,200 people participated in outreach programs, 861 kids aged 6 to 12 attended Zoo Camp and 693 people participated in adult leisure and recreation programs. One of the charity’s custom programs, run in partnership with Green Kids Inc., delivered environmental and sustainability-focused programs for grade-school students for Sustainability Month in October. The charity reports reaching 215 students from nine schools.

Financial Review:

Assiniboine Park Conservancy is a big-cap charity with total donations of $12.3m in F2016. Administrative costs are 5% of revenues and the charity reports no fundraising costs in its audited financial statements. Although Ci could not reconcile the charity's T3010 CRA filing with the audited financials, fundraising costs of $1.5m reported in APC's most recent F2015 T3010 filing would be 8% of donations. Government funding of $10.5m comes from the City of Winnipeg. The charity’s funding reserves of $10.8m can cover 48% of annual program costs, indicating a funding need.

As part of its Imagine a Place redevelopment campaign, APC spent $6.8m in F2016, $3.4m in F2015 and $28.6m in F2014 on capital expenditures.

Ci omitted donated artwork of $260k in F2016, $69k in F2015 and $160k in F2014 from the financial analysis.

This charity report is an update that is currently being reviewed by Assiniboine Park Conservancy. Comments and edits may be forthcoming.

Updated on June 7, 2017 by Katie Khodawandi.

Financial Ratios

Fiscal year ending December
201620152014
Administrative costs as % of revenues 4.5%3.6%3.5%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 47.7%38.6%48.2%

Summary Financial Statements

All figures in $000s
201620152014
Donations 12,25218,09825,437
Government funding 10,51211,37612,207
Fees for service 13,15412,07610,116
Total revenues 35,91841,55047,760
Program costs 22,62822,31421,822
Grants 6600
Administrative costs 1,6251,5091,662
Fundraising costs 000
Other costs 191406350
Cash flow from operations 11,40817,32223,926
Funding reserves 10,8148,60310,512
Note: Ci adjusted for changes in deferred operating contributions and deferred capital contributions, affecting donations by $4.1m in F2016, $9.4m in F2015 and $19.5m in F2014. Ci reported gifts of art in goods in kind, increasing revenues by $260k in F2016, $69k in F2015 and $160k in F2014. Ci reported parks revenues in fees for service. Ci reported parks expense in program costs, increasing expenses by $7.1m in F2016, $6.4m in F2015 and $6.2m in F2014. Ci reported interest in other cash expenses. Ci included both government remittances receivable and provincial grants and tax credits receivable in funding reserves.

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