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     BALANCE SHEET 

March 31, 2014blue divideWith comparative figures for 2013 (former year consolidates Ontario March of Dimes and March of Dimes Canada)
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NOTES TO
CONSOLIDATED
BALANCE-SHEET
ASSETS 2014 2013
CURRENT ASSETS

As of March 31, 2014

  1. These consolidated financial statements have been prepared by management in accordance with Canadian accounting standards for not-for-profit organizations in Part III of the CICA Handbook.

  2. Working capital (current assets less current liabilities improved by $1.102 million ($5.738 million from $4.636 million).

  3. Accounts receivable includes “Due from Associated Organizations” totalling of $323,342. As of March 31 2014, $277,078 is receivable from MODC Non-Profit Housing Corporation (NPHC) which consists of a balance of $206,382 for the purchase of land in Sudbury for a congregate living facility and $70,696 for disbursements made on behalf of that organization. In addition $46,263 in receivable for disbursements made on behalf of Rehabilitation Foundation for Disabled Persons U.S. (RFDP U.S.).

  4. Many of the funds received by March of Dimes Canada are designated for specific purposes and must be utilized within a prescribed timeframe. Unexpended funds are either carried forward or returned, depending on the decision of the funder.
Cash and Restricted Cash $ 10,194,008 $ 7,520,717
Short-term Investments $ 200,538 $ 1,771,760
Accounts Receivable $ 3,097,895 $ 2,987,743
Prepaid Expenses $ 257,444 $ 250,414
Grants and Allocations Receivable $ 50,480 $ 144,086
Total Current Assets $ 13,800,365 $ 12,674, 720
Restricted Investments $ 2,188,323 $ 2,005,401
Capital Assets $ 4,650,299 $ 4,513,359
Intangible Assets -Trademark $ 1,413,751 $ 1,413,751
Total Assets $ 22,052,738 $ 20,607,231

LIABILITIES AND FUND BALANCES

2014

2013
CURRENT LIABILITIES
Accounts Payable and Accrued Charges $ 6,679,656 $ 6,317,270
Unexpended Program Grants and Deferred Revenue $ 1,323,080 $ 1,661,782
Government Advances $ 60,000 $ 59,197
Total Current Liabilities $ 8,062,736 $ 8,038,249
Deferred Capital Grants $ 1,220,063 $ 1,021,671
FUND BALANCES
Invested in Capital and Intangible Assets $ 4,843,987 $ 4,905,439
Capital Reserve $ 787,795 $ 637,795
Stabilization Reserve $ 4,434,555 $ 3,859,548
Ability and Beyond $ 2,703,602 $ 2,144,529
Total Fund Balances $ 12,769,939 $ 11,547,311
Total Liabilities and Fund Balances $ 22,052,738 $ 20,607,231
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      STATEMENT OF REVENUE AND EXPENSES 

March 31, 2014blue divideWith comparative figures for 2013 (former year consolidates Ontario March of Dimes and March of Dimes Canada)
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REVENUE 2014 2013 NOTES TO
CONSOLIDATED STATEMENT
OF REVENUE AND EXPENSES
Government and Other Grants $ 69,371,312 $ 66,139,499
Fees and Sales $ 12,846,737 $ 11,758,862

Year ended March 31, 2014

  1. Funds raised through charitable gaming and special events are included in Fundraising revenue.

  2. Independent Living Services includes Outreach Attendant Care Services, Supportive Housing, Acquired Brain Injury Services and Northern Medical Clinics.

  3. AccessAbility Services includes the Assistive Devices Program, Barrier-Free Design Consultation Services, DesignAbility Program and Home & Vehicle Modification Program.

  4. Separate audited financial statements are available for March of Dimes Canada Non- Profit Housing Corporation and Rehabilitation Foundation for Disabled Persons Inc. U.S. upon request.
Program Recovery $ 8,705,542 $ 7,883,985
Fundraising $ 5,454,359 $ 6,141,517
Investment and Other $ 1,204,247 $ 892,248
Total Revenue $ 97,582,197 $ 92,816,111

EXPENSES - PROGRAMS


Independent Living Services $ 52,169,116 $ 49,000,023
Employment Services $ 15,616,131 $ 15,175,410
AccessAbility® Services $ 12,107,705 $ 11,705,113
Passport Services $ 9,129,054 $ 8,324,526
Peer Support Services and Conductive Education® $ 1,575,751 $ 1,783,407
Community Engagement and Integration Services $ 1,285,535 $ 488,620
Issue Advocacy $ 339,880 $ 306,064
Affirmative Businesses $ 20,831 $ 135,932
Grants and Awards $ 44,625 $ 45,642
Total Expenses - Programs $ 92,288,628 $ 86,964,737 CASH FLOW ACTIVITY

Fundraising

$ 2,173,676

$ 2,097,080
Overall cash increased by $2.67 million. Operating activities provided net cash of $2.93 million driven primarily by surplus from operations as well as reclassification of short-term investments maturing in the near-term. Financing activities provided $509,900 from deferred capital grants. Investing activities consumed a net of $769,800 driven by purchase of capital assets.
Donor Acquisition $ 474,330 $ 587,036
Administration $ 6,612,410 $ 6,634,030
Administration Recovery $ (5,864,120) $ (5,570,852)
Amortization $ 674,645 $ 632,368
Total Expenses $ 96,359,569 $ 91,344,399
Excess of Revenue Over Expenses $ 1,222,628 $ 1,471,712
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