The View from Shore
By: Loren Hagerty, Executive Director - October 2020“A ship is safe in harbour, but that’s not what ships are for.” - John A. Shedd
Our views have looked very different this summer than in previous years, with our schooners tied to the dock in Victoria. We thought you might be wondering what our staff and crew-members have been up to, how SALTS is doing financially, and what's happening with the new schooner Leonora.
What are the staff and crew-members up to during the closure?Crew-members and shop staff have been getting to ship maintenance projects that we otherwise would not have had the time to attend to, and the ships are being renewed and refreshed to a level not seen in decades. Crew members are also updating our sail training curriculum materials and conducting additional risk management assessments for many locations we visit during our program. Office staff members have been processing cancellations, credits, and refunds for almost 1700 trainees and are now preparing to promote and book our tentative 2021 sailings. Our boat donations and sales team has had a busy year with strong demand for boats amid physical distancing guidelines. We’re all planning out how best |
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to protect and use our resources to accomplish our mission in the months ahead, including looking at how we can bring some aspects of our program to schools and students where they are through online means.
How is SALTS doing financially during the COVID crisis?
From January to August 2020 we’ve incurred net losses in our general fund of $491K. All of these losses happened before the COVID shut down in mid-March as a result of our typical spending as we ramped up for sail training programs to begin. In other years we eliminate such losses in the second quarter, but this year we had little program revenue to cover them. Remarkably, despite high fixed costs we’ve managed not to incur any additional losses since the shut-down began, and have been blessed to avoid staff and crew layoffs thus far. A combination of cost cutting, strong boat donations and sales, and federal financial supports have helped enable this. We may have a
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long road ahead, with the timing of resuming our programs dependent on restrictions from the governing health authorities and Transport Canada. However, our survival is not in jeopardy. Our hope is to get through this crisis with as minimal financial losses as possible so we’re in a healthy position to restart our programs and lay the keel of Leonora, in order to make these life-changing voyages available to as many trainees as possible. If you’d like to make a donation toward our financial well-being, please visit salts.ca/donate. |