Freshwater Conservation Canada
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
74%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 74 cents are available for programs.
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OVERVIEW
About Freshwater Conservation Canada:
Freshwater Conservation Canada is a 4-star charity that is financially transparent. It has a below-average results reporting grade of B-, reasonable overhead spending of 26%, and no reserve funds.
Previously Trout Unlimited Canada, Freshwater Conservation Canada (FCC), founded in 1972, works to conserve, protect, and restore Canada’s freshwater ecosystems and cold-water resources for current and future generations. Since its inception, FCC has saved over 1,050,000 fish. FCC has 17 chapters across Canada and runs two major programs: conservation and education.
FCC's conservation program aims to protect Canada’s waterways and save fish. In F2023, Freshwater Conservation Canada rescued 34,468 fish and planted 4,478 native trees. It also conserved 48,000 square meters and reconnected over five km of streams. FCC also hosted a workshop on Low-Tech Process Based Restoration (LTPBR), a technique that mimics beaver dams to slow the flow of water and keep the ground wet for longer.
Through the education program, FCC improves people’s knowledge and awareness of water pollution, water quality, and stream restoration. In F2023, FCC educated over 5,000 youths.
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Results and Impact
Freshwater Conservation Canada reports that through partnerships and leveraging of funds, it completes $4 worth of work for every $1 donated.
In F2023, A new family of beavers had built a set of dams and established a home immediately upstream of the beaver dam analogues (a man-made structure that mimics a beaver dam) that FCC installed in 2022. Additionally, FCC worked on rehabilitation and replacement of culverts at watercourse crossings for fish to move freely up and downstream. This brought back the bull trout and beavers to the Waiparous area for the first time in 60 years.
While Ci highlights these key results, they may not be a complete representation of Freshwater Conservation Canada results and impact.
Freshwater Conservation Canada has not yet been rated on impact (n/r).
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Finances
Freshwater Conservation Canada had donations and special event revenues of $1.3m in F2023. It also received $237k in services revenue.
The charity received $372k in government funding representing 19% of total revenues.
Administrative costs are 16% of revenues (less investment income) and fundraising costs are 10% of donations and special events. This results in total overhead spending of 26%, which is within Ci’s reasonable range for overhead spending.
Freshwater Conservation Canada has $nil in reserve funds. These reserve funds are the charity’s cash and investments. This means that the charity cannot finance programs or other costs with its reserve funds and will rely on donations, government funding, and other income next year. Last year it had $628k in its reserve funds. This shows a need for funding.
This charity report is an update that has been sent to Freshwater Conservation Canada for review. Changes and edits may be forthcoming.
Updated on August 14, 2024, by Lily Ferguson.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 16.2% | 9.3% | 14.9% |
| Fundraising costs as % of donations | 9.6% | 5.0% | 14.5% |
| Total overhead spending | 25.8% | 14.3% | 29.4% |
| Program cost coverage (%) | 0.0% | 42.6% | 41.4% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 1,325,459 | 1,897,582 | 463,346 |
| Government funding | 372,088 | (71,488) | 606,505 |
| Fees for service | 236,913 | 0 | 0 |
| Special events | (2,281) | 17,754 | 45,367 |
| Other income | 6,354 | 425,812 | 1,864 |
| Total revenues | 1,938,533 | 2,269,660 | 1,117,082 |
| Program costs | 1,804,161 | 1,474,138 | 1,065,754 |
| Administrative costs | 314,324 | 211,369 | 166,181 |
| Fundraising costs | 126,546 | 95,612 | 73,679 |
| Other costs | 5,833 | 0 | 0 |
| Total spending | 2,250,864 | 1,781,119 | 1,305,614 |
| Cash flow from operations | (312,331) | 488,541 | (188,532) |
| Capital spending | 29,473 | 7,039 | 8,514 |
| Funding reserves | 0 | 627,928 | 441,320 |
Note: Ci used Trout Unlimited Canada’s T3010 filing with the CRA to report government funding and back the amount out of donations. Ci adjusted for deferred grants/sponsorships in government funding, deferred event revenue in special events, and deferred casino revenue in other revenue. In total, these adjustments affected revenue by ($192k) in F2023, $355k in F2022, and ($38k) in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
1 |
$40k - $80k |
8 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-221-8360