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Financial Statements
Management Discussion and Analysis

     CONSOLIDATED BALANCE SHEET 

Year ended March 31, 2015blue divideWith comparative figures for 2014 (former year consolidates Ontario March of Dimes and March of Dimes Canada)
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  NOTES TO
  CONSOLIDATED
  BALANCE-SHEET
ASSETS 2015 2014
 CURRENT ASSETS

 As of March 31, 2015

  1. 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 Chartered Professional Accountants of Canada Handbook.

  2. 2. Working Capital (current assets less current liabilities) improved by $1.549 million ($7.287 million from $5.738 million).

  3. ​3. Accounts receivable includes “Due from Associated Organizations” totalling $273,442. As of March 31 2015, $255,344 is receivable from Non-Profit Housing Corporation (NPHC) which includes $196,322 for the purchase of land in Sudbury for a Congregate Living Facility and $45,067 for disbursements made on behalf of that organization.

  4. 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 $ 12,813,102 $ 10,194,008
Short-term Investments - $ 200,538
Accounts Receivable $ 3,338,049 $ 3,097,895
Prepaid Expenses $ 814,377 $ 257,444
Grants and Allocations Receivable $ 269,333 $ 50,480
Total Current Assets $ 17,234,861 $ 13,800,365
Restricted Investments $ 2,281,701 $ 2,188,323
Capital Assets $ 4,570,779 $ 4,650,299
Intangible Assets -Trademark $ 1,413,751 $ 1,413,751​
Total Assets $ 25,501,092 $ 22,052,738

LIABILITIES AND FUND BALANCES

2015

2014
 CURRENT LIABILITIES
Accounts Payable and Accrued Charges $ 7,595,431 $ 6,679,6560
Unexpended Program Grants and Deferred Revenue $ 1,704,441 $ 1,323,080
Government Advances $ 648,387 $ 60,000
Total Current Liabilities $ 9,948,259 $ 8,062,736
Deferred Capital Grants $ 1,230,141 $ 1,220,063​
 FUND BALANCES
Invested in Capital and Intangible Assets $ 4,754,389 $ 4,843,987
Capital Reserve $ 1,087,795 $ 787,795
Stabilization Reserve $ 5,086,905 $ 4,434,555
Major IT Capital Reserve $ 400,000 -
Ability and Beyond $ 2,993,603 $ 2,703,602
Total Fund Balances
$ 14,322,692 $ 12,769,939
Total Liabilities and Fund Balances $ 25,501,092 $ 22,052,738​
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Total Assets 2015 vs 2014 bar chartTotal Liabilities and Fund Balances 2015 vs 2014 bar chartRevenue by Source 2015 vs 2014 bar chartExpenses by Category 2015 vs 2014 bar chart

      STATEMENT OF REVENUE AND EXPENSES 

Year ended March 31, 2015blue divideWith comparative figures for 2014 (former year consolidates Ontario March of Dimes and March of Dimes Canada)
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REVENUE 2015 2014  NOTES TO
 CONSOLIDATED
 STATEMENT OF
 REVENUE AND EXPENSES
Government and Other Grants $ 75,930,172 $ 69,371,312
Fees and Sales $ 14,561,245 $ 12,846,737

 Year ended March 31, 2015

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

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

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

  4. 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 $ 10,984,345 $ 8,705,542
Fundraising $ 5,898,296 $ 5,454,359
Investment and Other $ 1,160,782 $ 1,204,247
Total Revenue $ 108,534,840 $ 97,582,197

EXPENSES - PROGRAMS


Independent Living Services $ 57,033,412 $ 52,169,116
Employment Services $ 18,280,391 $ 15,616,131
AccessAbility® Services $ 11,899,201 $ 12,107,705
Passport Services $ 11,753,874 $ 9,129,054
Peer Support Services and Conductive Education® $ 1,633,094 $ 1,575,751
Community Engagement and Integration Services $ 1,002,321 $ 1,285,535
Other Services $ 921,793 $ 405,336
Total Expenses - Programs $ 102,524,086 $ 92,288,628​
  CASH FLOW ACTIVITY

Fundraising

$ 2,264,388

$ 2,173,676
Overall cash increased by $2.619 million. Operating activities provided a total of $2.986 million cash due to surplus from operations as well as unexpected funds. Financing activities provided $212,400 from deferred capital grants. Investing activities consumed a net of $580,000 driven by purchase of capital assets.

Donor Acquisition $ 678,250 $ 474,330
Administration $ 6,947,557 $ 6,612,410
Administration Recovery ($ 6,010,581) ($ 5,864,120)
Amortization $ 578,387 $ 674,645
Total Expenses $ 106,982,087 $ 96,359,569
Excess of Revenue Over Expenses $ 1,552,753 $ 1,222,628
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