Assiniboine Park Conservancy

55 Pavilion Crescent
Winnipeg, MB R3P 2N6
President & CEO: Ray Karasevich
Board Chair: Douglas E. Pollard

Charitable Reg. #:80866 4015 RR0001

STAR RATING

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

[Charity Rating: 3/5]

FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

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.

75%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.



My anchor

OVERVIEW

About Assiniboine Park Conservancy:

Assiniboine Park Conservancy is a 3-star charity that is financially transparent. It has a slightly below-average results reporting grade of B- and reasonable overhead spending of 25%.

Founded in 2008, Assiniboine Park Conservancy (APC) is responsible for the operation of Winnipeg’s Assiniboine Park, Zoo, and The Leaf (greenhouse). APC also funds conservation and research projects that affect the local area. The charity has a 50-year lease on the 1,100-acre Park with the City of Winnipeg. The city owns the property and assets and gives an annual grant to the charity to support the Park’s maintenance.

Assiniboine Park Conservancy has posted its F2023 financial statements; however, its most recent annual report at the time of this update is from F2022. Information from F2022 was used for this profile update. APC’s profile update does not refer to the same year as the financials. The charity has not provided a breakdown of its program spending.

Assiniboine Park: The Assiniboine Park has been established for over a century. The park contains attractions, such as the English Garden, The Pavilion, and the Leo Mol Sculpture Garden. Assiniboine Park hosts events throughout the year. In F2022, the park hosted a three-day Earth Day celebration, a day of solidarity with the people of Ukraine, and the Casinos of Winnipeg Summer Entertainment Series which featured over 30 musical acts. The charity also replaced 20 aging wood benches with 30 new composite benches and planted 100 trees.

Assiniboine Park Zoo: The Assiniboine Park Zoo is home to more than 150 animal species across 80 acres. In F2022, APC distributed 13,500 Community Access Vouchers offering free admission to the Zoo to individuals facing health and socio-economic challenges. APC has 27 new additions to the zoo including a polar bear, a porcupine, two monkeys, four wallaroos, and three rocky mountain goats.

The Leaf: Assiniboine Park Conservancy opened the Gardens at The Leaf in F2021. The Gardens at The Leaf span 30 acres and include six diverse gardens. The Leaf greenhouse was opened in December 2022 and contains five different programs. The Tropical Biome, Mediterranean Biome, and Display House showcase unique horticulture. The Butterfly Garden hosts various species of butterflies. The Living Classroom is a place where groups participate in environmental and cultural programs year-round.

Conservation, Research, and Sustainability: In F2022, APC banded eight baby burrowing owls and performed health checks on another seven that were too small to band. The charity also attached a satellite tag to a wild harbour seal. APC participated in the Great Canadian Shoreline Cleanup collecting over 100 kg of waste from the Park and riverbanks and recycled over 15,000 disposable masks.

My anchor

Results and Impact

Assiniboine Park Conservancy does not have its most recent annual report available. Information from its 2022 annual report was used instead.

In F2022, APC released 16 zoo-reared Dakota skipper adults into the Interlake region of Manitoba. It also released 191 Poweshiek skipperling adults into the Manitoba Tall Grass Prairie Preserve. Both types of butterflies are considered endangered species.

While Ci highlights these key results, they may not be a complete representation of Assiniboine Park Conservancy’s results and impact.

My anchor

Finances

Assiniboine Park Conservancy had donations of $2.4m in F2023. It also received park revenues of $28.0m and investment income of $617k. The charity received $13.0m in government funding representing 23% of total revenues.

Administrative costs are 5% of revenues (less investment income) and fundraising costs are 20% of donations. This results in total overhead spending of 25%, which is within Ci’s reasonable range for overhead spending. 

Assiniboine Park Conservancy has $12.9m in reserve funds. These reserve funds are the charity’s cash and investments. The charity has four months of annual program costs covered by its current reserves.

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

Updated on August 20, 2024, by Lily Ferguson.

Financial Review


Financial Ratios

Fiscal year ending December
202320222021
Administrative costs as % of revenues 4.7%5.8%4.2%
Fundraising costs as % of donations 20.2%4.4%32.0%
Total overhead spending 24.9%10.2%36.2%
Program cost coverage (%) 32.5%46.2%115.7%

Summary Financial Statements

All figures in $000s
202320222021
Donations 2,3861,9602,145
Government funding 13,03116,0538,560
Fees for service 27,95915,27812,073
Investment income 617454129
Other income 13,64111,28219,265
Total revenues 57,63445,02742,172
Program costs 39,55429,58223,480
Grants 834
Administrative costs 2,6712,5671,783
Fundraising costs 48287687
Other costs 4286618
Total spending 43,14432,30525,970
Cash flow from operations 14,49012,72116,202
Capital spending 7,49125,94321,071
Funding reserves 12,85813,65627,167

Note: Ci moved park expenses to expenses, affecting revenues and expenses by $16.7m in F2023, $9.3m in F2022, and $6.7m in F2021. Ci also adjusted for deferred donations and contributions, affecting revenues by $4.6m in F2023, $1.1m in F2022, and $766k in F2021. Ci did not include amortization of deferred contributions, affecting revenues by ($10.5m) in F2023, ($8.4m) in F2022, and ($6.7m) in F2021. Ci added government grants receivable to government funding. Ci adjusted for deferred capital contributions. All deferred contributions are in other revenue.

Salary Information

Full-time staff: 162

Avg. compensation: $76,841

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
1
$160k - $200k
2
$120k - $160k
6
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2023

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.assiniboinepark.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 204-927-6000

Print  
Image

Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 500,000 Canadians use our website as a go-to source for information on Canadian charities reading over 1.6 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.

 

Be Informed. Give Intelligently. Have Impact

 

Charitable Registration Number: 80340 7956 RR0001