Vancouver, BC V6B 1H5
President & CEO: Ross McMillan
Board Chair: Andrew Heintzman
Charitable Reg. #: 86894 7797 RR0001
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #65
Avg. Compensation $63,587
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||2|
|$120k - $160k||1|
|$80k - $120k||6|
|$40k - $80k||0|
About Tides Canada:
Founded in 2000, Tides Canada’s mission is to provide uncommon solutions for the common good by helping Canadians secure a healthy environment in ways that promote social equity and economic prosperity. The charity looks to help steer more donations into solutions that address Canada’s current social and environmental challenges. Since founding, Tides Canada has supported over 2,500 initiatives with grants totalling $158.4m in support of environmental and social change.
Tides Canada focuses its grants on seven core issue areas: Resilient Communities (44% of F2017 grants), Healthy Oceans (20%), Healthy Watersheds (13%), Protected Land and Forests (8%), Sustainable Food Systems (6%), Sustainable Livelihoods (4%), and Clean Energy and Climate Solutions (1%). In F2017, the charity supported over 50 unique community-led projects across Canada that were in its core issue areas. Tides Canada reports that 7 of the 8 new shared platform projects started in F2017 were Indigenous-led or provide programs to support Indigenous communities.
The charity also manages about 200 donor advised funds (4% of F2017 grants), with the donations to each individual fund directed for specific purposes. Tides Canada notes that donor advised funds allow Canadians to easily give, view their fund’s activity and advise grants to charities at any time through the online portal. It claims to minimize the costs involved in giving so donors can have maximum impact on problems they care about.
Charity Intelligence’s financial analysis of Tides Canada comes from the consolidated financial statements of Tides Canada Foundation (TCF) and Tides Canada Initiatives Society (TCI). TCF is a national public foundation that primarily distributes its funds to other organizations through grants. TCI is an operating charity that achieves its mission by using its funds to run programs.
Tides Canada is one of Canada’s largest charities, a Major 100, with donations of $19.2m in F2017. Its donations are 18% lower than in F2016, and 43% lower than in F2015. Despite the significant decrease in donations, in F2017 the charity granted a total of 29% more than in F2015. Tides Canada does not report its administrative and fundraising costs separately in its audited financial statements. Its total overhead costs are 21% of revenues. Per dollar donated to the charity, $0.79 goes towards its grants (excluding donor-designated grants), which falls within Ci’s reasonable range for overhead spending. The charity’s funding reserves of $62.5m can cover just under 3 years of annual grants (excluding donor-designated grants). This does not indicate a need for donations.
This charity report is an update that has been sent to Tides Canada for review. Changes and edits may be forthcoming.
Updated on July 14, 2018 by Derek Houlberg.
Financial RatiosFiscal year ending December
|Fundraising & admin costs as % of revenues||21.0%||16.0%||13.4%|
|Program cost coverage (%)||295.0%||325.3%||414.4%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||4,913||4,411||4,989|
|Cash flow from operations||1,901||6,517||18,308|