Assiniboine Park Conservancy Inc.

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

Charitable Reg. #: 80866 4015 RR0001
Sector: Environment
Operating Charity

Social Results Reporting

Grade: D

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 #137

Avg. Compensation $41,945

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 4
$80k - $120k 5
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About Assiniboine Park Conservancy Inc.:

The Assiniboine Park Conservancy (APC) was established in 2008 with a mandate to develop, govern and manage the overall Park and its amenities. It aims to enhance the Assiniboine Park experience for present and future generations. It has a 50-year lease with the City of Winnipeg, which owns the property and assets of the Assiniboine Park and its entities.

APC is developing a course for the future of the Park and all of its entities that would ensure its long-term viability. In 2009, APC revealed a $200m redevelopment plan for Assiniboine Park & Zoo. It is scheduled to be completed over 10 years in three phases. Assiniboine Park Zoo is spread across 80 acres and has close to 200 different species that account for a total of over 2,000 specimens. APC features more than 8,000 flowers, plants and trees and contains 7 different gardens. Assiniboine Park conducts school programs, workshops, day camps and guided tours.

Financial Review:

In F2012, APC's funding primarily came from the City of Winnipeg (67% of revenues). Its administrative costs were 9% of revenues. APC has not reported fundraising costs on its audited financial statements. It has funding reserves of ($3.9m) due to $9.0m in notes payable.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 9.1%8.3%19.7%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) (22.9%)(19.3%)128.2%

Summary Financial Statements

All figures in $000s
Donations 478936428
Goods in kind 02041
Government funding 12,04811,0464,491
Fees for service 5,1963,619720
Total revenues 17,72215,6225,680
Program costs 16,83414,5264,548
Administrative costs 1,6211,2931,118
Fundraising costs 000
Cash flow from operations (732)(197)13
Funding reserves (3,856)(2,799)5,832
Note: APC has not disclosed fundraising costs on its audited financial statements. APC’s T3010 CRA filing values for F2011 and F2010 could not be reconciled with its audited financial statements; F2012 T3010 CRA filing was not available at the time of analysis. Ci has adjusted amortization of deferred contributions affecting revenues by ($2.9m) in F2012, by ($1.2m) in F2011 and by ($119k) in F2010. Ci has included direct costs of park revenues in program expenses increasing program costs by $4.4m in F2012, by $2.4m in F2011 and by $686k in F2010.

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