Nova Scotia Nature Trust
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.
A-
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.
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OVERVIEW
About Nova Scotia Nature Trust:
Nova Scotia Nature Trust is a 4-star charity. The charity is financially transparent and has a good results reporting grade. Excluding donor-endowed funds, its current funding reserves can cover annual program costs for 1.3 years.
Founded in 1994, Nova Scotia Nature Trust (NSNT) works to conserve natural land across Nova Scotia, with a special focus on coastal habitats and old forests. The charity states that natural areas are particularly at risk in Nova Scotia, where 70% of land and 85% of the coastline is privately-owned. Compared to the rest of Canada, where 90% of land is held publicly, NSNT states that Nova Scotia has the highest rates of private land ownership.
Nova Scotia Nature Trust runs three main programs: Land Conservation, Education and Outreach, and Land Stewardship.
Land Conservation represented 85% of program spending in F2021. NSNT protects land in one of three ways. It offers Stewardship Agreements, which are informal arrangements that allow landowners to retain ownership while helping NSNT monitor their land. Nova Scotia Nature Trust also signs legal Conservation Agreements, which retain private ownership but grant more extensive rights and land access to the charity. Finally, NSNT offers Land Acquisition options that transfer land to the charity through donations, bequests, or sales. As of F2021, the charity reports that it now holds 120 conservation lands, spanning 18,267 acres.
Education and Outreach programs were 8% of program spending in F2021. These programs include educational resources and opportunities for community members to visit and explore conserved lands. NSNT runs campaigns to educate Nova Scotians on the importance of stewardship and conserving the province’s natural legacy. In F2021, NSNT completed a coastal island “prioritization toolkit” to help support decision-making related to coastal island conservation.
Land Stewardship made up the remaining 7% of program spending. NSNT relies on volunteers and conservation partners to preserve its land. As of F2021, 97 Nova Scotian landowners and families have helped to protect land with NSNT.
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Results and Impact
In F2021, Nova Scotia Nature Trust saved 15 conservation lands that span 2,400 acres. The charity reports that it saved 18,267 acres of irreplaceable habitats and 9,641 acres were habitats for species at risk. In F2021, NSNT also saved 29 endangered turtle sanctuaries, 24 rare plant and lichen sanctuaries, and 23 at-risk bird sanctuaries.
While Ci highlights these key results, they may not be a complete representation of Nova Scotia Nature Trust’s results and impact.
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Finances
Nova Scotia Nature Trust received $4.3m in donations and special events revenue in F2022. It received $693k in donated land, representing 13% of revenues. The charity’s audited financial statements do not disclose separate administrative or fundraising costs, and its most recent T3010 filing with the CRA is from F2021. Combined overhead costs are 8% of revenues (less investment income). For every dollar donated to the charity, 92 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.
Nova Scotia Nature Trust has $20.0m in total fundraising reserves, including $15.7m in donor-endowed funds. Excluding donor-endowed funds, the charity can cover annual program costs for 1.3 years
This charity report is an update that has been sent to Nova Scotia Nature Trust for review. Comments and edits may be forthcoming.
Updated on July 29, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
---|---|---|---|
Fundraising & admin costs as % of revenues | 7.5% | 5.8% | 7.1% |
Total overhead spending | 7.5% | 5.8% | 7.1% |
Program cost coverage (%) | 129.3% | 110.9% | 109.7% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 4,302 | 3,013 | 2,245 |
Goods in kind | 693 | 497 | 286 |
Government funding | 0 | 1,942 | 1,523 |
Business activities (net) | 0 | 0 | 94 |
Special events | 4 | 13 | 132 |
Investment income | 415 | 1,646 | (79) |
Other income | 45 | 0 | 0 |
Total revenues | 5,458 | 7,110 | 4,201 |
Program costs | 4,143 | 3,731 | 2,394 |
Grants | 0 | 41 | 2 |
Donated goods exp | 693 | 497 | 286 |
Fundraising & administrative costs | 380 | 315 | 303 |
Other costs | 54 | 0 | 0 |
Total spending | 5,269 | 4,584 | 2,986 |
Cash flow from operations | 188 | 2,526 | 1,215 |
Capital spending | 43 | 15 | 84 |
Funding reserves | 20,033 | 15,178 | 9,750 |
Note: To report on a cash basis, Ci reported donations as all cash received from donations, memberships, and grants rather than the amounts recognized as donations on the income statement. This affected total revenues by $1.5m in F2022, $169k in F2021, and $1.3m in F2020. Ci included unrealized gains (losses), changes in cash surrender value of investments, endowment fund investment income, and investment management fees in investment income. This affected investment income and total revenues by $377k in F2022, $1.6m in F2021, and ($171k) in F2020. Ci reported government funding from the charity’s available CRA filings and removed the amounts from cash donations. Ci reported grants to qualified donees from CRA filings and removed the amounts from program costs. Nova Scotia Nature Trust’s F2022 CRA filing was not available at the time of this analysis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
3 |
< $40k |
2 |
Information from most recent CRA Charities Directorate filings for F2021
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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: 902-425-5263