Canadian Women's Foundation Annual Report 2023-2024 - Report - Page 55
FINANCIALS 2023-2024
This impact report covers the 12-month fiscal period from April 1, 2023 to March 31, 2024.
Statement of Operations
2023-2024
REVENUES:
Philanthropic support
Other revenue
Government grants
Investment income
Unrealized investment gain
TOTAL REVENUES:
$4,486,589
$167,738
$10,894,337
$653,310
$2,026,743
$18,228,717
TOTAL EXPENSES:
$17,204,413
Excess of revenues over expenses
$1,024,304
Operating deficiency before unrealized investment gain
TOTAL EXPENSES:
$17,204,413
Fundraising
expenses
$1,195,849
(7%)
($1,002,439)
Administrative
expenses
$1,049,973
(6%)
Grants and
charitable
program
expenses*
$14,958,591
(87%)
Statement of Financial Position
2023-2024
ASSETS
Current assets
Investments
Equipment
Total assets
$1,405,068
$21,641,898
$30,460
$23,077,426
LIABILITIES
Accounts payable and accrued liabilities
Deferred revenue
Total liabilities
$1,776,408
$2,996,392
$4,772,800
FUND BALANCES
Endowment fund
Restricted fund
Internally restricted fund
Unrestricted fund
Total liabilities and funds
$237,286
$299,844
$17,720,576
$46,920
$23,077,426
*Charitable program expenses include grant management, advocacy, capacity-building, and evaluation. See page 56 for a breakdown of grants and charitable
program expenses.
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