Alberta Ecotrust Foundation

Suite 250, 305 10 Avenue SE
Calgary, AB T2G 0W2
Executive Director: Pat Letizia
Board Co-Chair: Tony Jackson

Charitable Reg. #:13502 9825 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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✔+

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.

79%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.



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Programs

About Alberta Ecotrust Foundation:

Founded in 1991, Alberta Ecotrust Foundation (AEF) invests in the people and projects that protect the natural systems we rely on for life and prosperity. AEF has three main programs: environmental grant making, capacity building, and community collaboration.

Alberta Ecotrust Foundation’s environmental granting made up 51% of total program spending in F2017. AEF gives three types of environmental grants: Community Grants, Major Grants, and EcoCity Edmonton. Community Grants support community-based projects that usually focus on local opportunities for change. Major Grants support more comprehensive projects that have the potential to result in substantial environmental benefit. EcoCity Edmonton Grants help citizens engage with the City of Edmonton’s long-term goals of reducing emissions and building community resilience in a changing climate. In F2017, AEF invested $465,000 in 27 environmental projects, including twelve Community Grants, eight Major Grants, and seven EcoCity Edmonton Grants.

Capacity building made up 26% of Alberta Ecotrust Foundation’s total program spending in F2017. This program helps environmental charities to build capacity to maximize their effectiveness. AEF’s priority areas within this program are Protecting Water, Healthy Ecosystems, and Acting on Climate. In F2017, AEF made eight grants for Protecting Water, ten for Health Ecosystems, and nine for Acting on Climate.

Alberta Ecotrust Foundation’s community collaboration programs made up 23% of total program spending in F2017. AEF collaborates with banks, naturalist groups, energy companies, water stewardship groups, service companies, conservation groups, and other organizations to create sustainable environmental benefits for all Albertans. AEF reports that 937 people engaged in delivering projects that impacted 110,907 people in F2017.

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Finances

Alberta Ecotrust Foundation is a ­­­­small charity, with total donations and special events revenues of $534k in F2017. Administrative costs are 13% of revenues (excluding investment income) and fundraising costs are 8% of donations. For every dollar donated, 79 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $583k can cover nine months of annual program costs.

­This charity report is an update that has been sent to Alberta Ecotrust Foundation for review. Changes and edits may be forthcoming.

Updated on August 1, 2019 by Lauren Chin.

Financial Review


Financial Ratios

Fiscal year ending December
201720162015
Administrative costs as % of revenues 12.9%9.8%10.3%
Fundraising costs as % of donations 8.0%4.5%4.8%
Total overhead spending 21.0%14.3%15.1%
Program cost coverage (%) 75.0%124.4%131.1%

Summary Financial Statements

All figures in $s
201720162015
Donations 508,760763,487716,611
Government funding 92,576037,500
Fees for service 23,80234,85030,000
Special events 25,63730,9160
Investment income (6,387)(44,022)(19,749)
Other income 9,5924,7641,067
Total revenues 653,980789,995765,429
Program costs 776,802612,845617,407
Administrative costs 85,44082,03381,148
Fundraising costs 42,84635,64634,141
Total spending 905,088730,524732,696
Cash flow from operations (251,108)59,47132,733
Capital spending 01,8890
Funding reserves 582,826762,479809,427

Note: Ci included unrealized gain (loss) on investment, affecting investment income by ($12k) in F2017, ($48k) in F2016, and ($37k) in F2015. Ci used the charity’s CRA T3010 filing to report fundraising expenses. Ci removed fundraising expenses reported on the T3010 from program costs. Ci adjusted for deferred donations, affecting revenues by ($223k) in F2017, $307k in F2016, and $20k in F2015.

Salary Information

Full-time staff: 3

Avg. Compensation $81,038

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
2
$40k - $80k
1
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

Website: www.albertaecotrust.com
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