Vancouver, BC V6B 1H5
President & CEO: Ross McMillan
Board Chair: Jodi White
Charitable Reg. #: 86894 7797 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 #60
Avg. Compensation $70,553
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||1|
|$160k - $200k||3|
|$120k - $160k||0|
|$80k - $120k||5|
|$40k - $80k||0|
About Tides Canada:
Founded in 2000, Tides Canada's mission is to provide uncommon solutions for the common good by helping Canadians secure a healthy environment in ways that promote social equity and economic prosperity. The charity has over 200 funds, with the donations in each individual fund directed for specific purposes.
Tides Canada focuses on seven core issue areas: Resilient Communities (36% of F2015 grants), Sustainable Food Systems (12%), Protected Land and Forests (8%), Healthy Oceans (8%), Healthy Watersheds (8%), Clean Energy and Climate Solutions (4%) and Sustainable Livelihoods (2%), along with grants made by donor-advised funds (22% of total grants).
Tides Canada was the Canadian fundraising lead in the Great Bear Rainforest Agreement, one of the most significant conservation programs in North American history. Tides Canada continues to work with the BC government, First Nations and industry towards healthy ecosystems, economies and communities in the Great Bear Rainforest.
Financial analysis of Tides Canada comes from the consolidated financial statements of Tides Canada Foundation and Tides Canada Initiatives Society. Tides Canada is a Major 100 charity, with donations of $33.5m in F2015. Its donations are 88% higher than in F2014. Despite the significant increase in donations, the charity's grants decreased by 30% in F2015. The charity does not report its administrative and fundraising costs separately in its audited financial statements. Its total overhead costs make up 13% of revenues. For every $1 donated to the charity, 87 cents is put towards its programs, falling within Ci's reasonable range. The charity's funding reserves of $56.3m result in a program cost coverage ratio of 325%. This means that the charity can cover 3.3 years of its annual programs using its existing reserves.
Tides Canada reports that it has reclassified its Endowment Fund to its General Fund and Externally Restricted Fund. This is due to changes made to Endowment Fund agreements that allow the charity to access the fund principal with no time-based restrictions.
This charity report is an update that is being reviewed by Tides Canada. Changes and edits may be forthcoming.
Updated on August 4, 2016 by Lynn Tay.
Financial RatiosFiscal year ending December
|Fundraising & admin costs as % of revenues||13.4%||24.3%||15.7%|
|Program cost coverage (%)||325.2%||157.3%||175.7%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||4,989||5,245||5,093|
|Cash flow from operations||18,308||(3,814)||7,719|