Ecotrust Canada

90 - 425 Carrall Street
Vancouver, BC V6B 6E3
President & CEO: Chuck Rumsey
Board Co-Chair: Jacqueline Koerner

Charitable Reg. #:89474 9969 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.

92%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.



My anchor

Programs

About Ecotrust Canada:

Founded in 1995, Ecotrust Canada focuses on developing a sustainable ‘conservation economy’ in Canada by coming up with innovative solutions to current economic and environmental problems. Ecotrust Canada is based in British Columbia, but currently works alongside communities on projects across Canada and the United States. The charity states that by using its partnership-based approach, innovation capacity, and policy expertise, it can contribute to the creation of sustainable economies in these communities. Ecotrust Canada’s major programs include Community Fisheries, various social enterprises, Community Energy, Community Programs, Climate Innovation, and Indigenous Homes.

Ecotrust Canada’s largest program is Community Fisheries. Ecotrust Canada aims to build a sustainable, fair, and vibrant commercial fishery in BC by advocating for policy change, monitoring & managing local fisheries, and creating transparency around illegal fishing. In 2019, Ecotrust Canada trained 12 observers for salmon, groundfish, & crab in Prince Rupert and Tofino, as well as giving a refresher course to 12 returning observers. Ecotrust Canada also launched Spyglass, a cooperative platform that provides open access to a dynamic database of over 3,700 vessel entries and 1,200 company entries tied to illegal fishing.

Ecotrust Canada owns multiple for-profit social enterprises dedicated to environmental sustainability. The largest of these is The Amp, which is a co-working space launched in 2014 to combat the high cost of office space in Vancouver. Currently 80 people working for over 18 organizations occupy the space. Ecotrust Canada also owns 87.5% of Teem Fish, which provides companies with affordable electronic fish monitoring technology. Teem Fish’s website lists five projects it has completed across Canada and the United States.

Ecotrust Canada’s Community Energy program explores policy, program, and project opportunities that provide fair access to clean & affordable household energy, with a key focus on local capacity building. In 2018, the charity replaced 40 diesel furnaces in on-reserve homes with hydroelectrically powered air-source heat pumps. Ecotrust Canada aims to install 400 clean heating installations in on-reserve homes by the end of 2020.

Ecotrust Canada’s Community Programs include the North Coast Innovation Lab (NCIL) - which the charity uses to perform environmental research – as well as Wahkohtowin, a partnership with six First Nations communities in the Northeast Superior region of Ontario. NCIL launched in 2017, and in its first year it engaged 25+ academic institutions nationwide, facilitated 13 gatherings, and had 21 media features that promoted NCIL’s work. As part of the Wahkohtowin partnership, Ecotrust Canada worked on carbon management projects on over 1.5 million hectares of forest on traditional Indigenous territories in F2019.

In 2019, the remaining program spending went to Climate Innovation, Indigenous Homes, and Ecotrust Canada Capital.

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Results and Impact

In F2019, the House of Commons Standing Committee on Fisheries and Oceans (FOPO) released a report titled “West Coast Fisheries: Sharing the Risks and Benefits” with testimonies from Ecotrust Canada staff and partners supporting positive change. Committee members unanimously supported 20 recommendations for government to change its current management of commercial fisheries in BC. In response, the federal government passed Bill C-68, and Act to amend the Fisheries Act to set the stage for implementing FOPO report recommendations. However, Ecotrust Canada claims that there is still a large gap between legislative changes and actual positive change, and thus it continues to put pressure on governments to implement the report’s 20 recommendations.

To measure the effectiveness of Ecotrust Canada’s Community Energy project in on-reserve homes, it analyzed BC Hydro utility bills and satisfaction levels of residents who had heat pumps installed. Savings were approximately $1,650 per household, per year, and homeowners also report improved health benefits.

Ecotrust Canada is a client of Climate Smart, which enables Ecotrust Canada to monitor its emissions levels on a yearly basis. In 2019, Ecotrust Canada was climate certified by Climate Smart for its eighth year. Ecotrust Canada reports that its 2019 figures from Climate Smart show that its emissions dropped by 33.5% (40 tons of C02 emissions) since its baseline year in 2007.

While Ci highlights these key results, they may not be a complete representation of Ecotrust Canada's results and impact. 

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Finances

Ecotrust Canada’s audited financial statements do not report cost allocations for fundraising and administration. Ecotrust Canada provided Ci with a program and administrative spending breakdown for all three years.

Ecotrust Canada is a Medium-sized charity with donations of $1.9m in F2019, which is a 63% increase compared to F2018. The charity also received $1.5m for its consulting work and $350k in rental income during the year. Administrative costs are 8% of revenues (excluding investment income) and the charity does not report fundraising costs. For every dollar donated to the charity, 92 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Ecotrust Canada’s funding reserves of $1.9m can cover roughly eight months of annual program costs. This indicates a need for donations.

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

Updated on August 20, 2020 by Eric Jose. Results Reporting updated on September 16, 2020 by Katie Khodawandi.

Financial Review


Financial Ratios

Fiscal year ending December
201920182017
Administrative costs as % of revenues 7.7%5.6%7.5%
Fundraising costs as % of donations 0.0%0.0%0.0%
Total overhead spending 7.7%5.6%7.5%
Program cost coverage (%) 66.5%31.3%41.7%

Summary Financial Statements

All figures in $s
201920182017
Donations 1,893,2251,158,8141,002,520
Government funding 1,534196,423220,812
Fees for service 1,493,8401,962,6281,528,027
Business activities (net) 350,401341,524348,469
Investment income 30,3286,1837,459
Other income 31,77034,46474,887
Total revenues 3,801,0983,700,0363,182,174
Program costs 2,809,7583,342,1552,840,014
Administrative costs 288,555208,309236,745
Fundraising costs 000
Total spending 3,098,3133,550,4643,076,759
Cash flow from operations 702,785149,572105,415
Capital spending 10,22811,8624,509
Funding reserves 1,867,2151,045,4971,184,118

Note: Ci reports on a cash basis and thus adjusted for deferred donations, increasing total revenue by $414k in F2019, $155k in F2018, and $153k in F2017. Ci reported rental income gross of direct expenses in business activities. Ci included foreign exchange gain (loss) in investment income, affecting total revenue and expenses by $16k in F2019, $5k in F0218, and ($7k) in F2017. Ci adjusted for unrealized losses (gains), affecting total revenues by ($875) in F2019 and ($13k) in F2018. Ci allocated program and administrative costs for all three years based on a spending breakdown provided by Ecotrust Canada.

Salary Information

Full-time staff: 16

Avg. Compensation: $89,441

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
1
$80k - $120k
4
$40k - $80k
4
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

The comments below relate to a previous version of this charity report. Updated comments may be forthcoming.

Our programs focus on bridging the divide between producers and consumers; creating information management tools that support informed decision making; designing tools and techniques to ensure better resource management; and linking social finance opportunities to innovative community-based initiatives. Ecotrust Canada is always on the lookout for unique niches where it can demonstrably add value and create triple bottom line results.

Charity Contact

Website: www.ecotrust.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-682-4141

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