23-38 2021 ImpactReport FINAL ereader - Report - Page 45
FINANCIALS 2022-2023
This impact report covers the 12-month fiscal period from April 1, 2022 to March 31, 2023.
Statement of Operations
2022-2023
REVENUES:
Philanthropic support
Other revenue
Government grants
Investment income
Unrealized investment loss
TOTAL REVENUES:
$4,369,862
$490,218
$63,552,566
$829,434
($1,244,001)
$67,998,079
TOTAL EXPENSES:
$69,241,747
(Deficiency) of revenues over expenses
($1,243,668)
Operating deficiency before unrealized investment loss
TOTAL EXPENSES:
$69,241,747
Fundraising
expenses
$959,936
(2%)
($1,564)
Administrative
expenses
$999,569
(2%)
Grants &
charitable
program
expenses*
$67,282,242
(96%)
Statement of Financial Position
2022-2023
ASSETS
Current assets
Investments
Equipment
Total assets
$3,987,229
$20,555,335
$46,438
$24,589,002
LIABILITIES
Accounts payable and accrued liabilities
Deferred revenue
Total liabilities
$1,245,567
$6,063,113
$7,308,680
FUND BALANCES
Endowment fund
Restricted fund
Internally restricted fund
Unrestricted fund
Total liabilities and funds
$237,286
$1,341,578
$14,787,642
$913,816
$24,589,002
*Charitable program expenses include grant management, advocacy, capacity-building and evaluation. See page 47 for a breakdown of grants and charitable
program expenses.
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