2007 Annual Report - YMCA Canada

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children and 201,500youth up to age 17 served.MORE INDIVIDUALS & FAMILIES RECEIVED YMCAFINANCIAL ASSISTANCE FOR YMCA MEMBERSHIPS& PROGRAMS THAN IN THE PREVIOUS YEAR.individuals participated in YMCA OutreachPrograms including stay in school, newcomerservices, and literacy.YOUTH AND YOUNG ADULTS RECEIVED TRAININGIN YMCA EMPLOYMENT PROGRAMS.16 YMCA CANADA 2007 ANNUAL REPORT
YMCA CANADABALANCE SHEETYMCA CANADASTATEMENT OF OPERATIONSAS AT DECEMBER 31 2007 2006ASSETSCurrentCash and cash equivalents $ 646,709 $ 526,036Accounts receivable 218,007 229,508Current portion of note receivable 178,864 168,597Program materials held for sale 231,422 230,105Prepaid expenses 68,392 47,9671,343,394 1,202,213Investments, at market value 12,515,236 12,335,655Note receivable 2,226,718 2,406,414Capital assets, net 28,265 35,106$ 16,113,613 $ 15,979,388LIABILITIES AND NET ASSETSCurrentAccounts payable and accrued liabilities $ 362,636 $ 400,016362,636 400,016Deferred contributions 363,899 402,793726,535 802,809Net AssetsInvested in capital assets 28,265 35,106Endowments 12,896,732 13,220,780Board restricted 2,429,516 1,888,641Unrestricted 32,565 32,05215,387,078 15,176,579$ 16,113,613 $ 15,979,388This information has been extracted from the full audited financial statements, which are available upon request.FOR THE YEAR ENDED DECEMBER 31 2007 2006REVENUEAllocations $ 4,442,315 $ 4,109,465Sales of program materials 360,677 317,379National training programs and conferences 165,980 83,600Government income 78,465 79,334Miscellaneous 287,984 209,150YMCA Management Resource Centre dues 1,058,233 1,018,536Government and other grants 1,258,179 1,052,7787,651,833 6,870,242EXPENSESSalaries and employee benefits 1,453,905 1,336,191Travel and meetings 845,488 660,389Purchased services 714,274 625,804YMCA Management Resource Centre support 409,740 315,618YMCA Lead and other Association agreements 394,762 355,735Communications 352,542 395,496Cost of program materials sold 258,306 227,560World YMCA services 214,710 215,017Rent 120,785 124,106Office expenses 118,354 121,974Professional services and insurance 78,509 93,941Affiliations 77,549 88,864Amortization of capital assets 30,353 37,205Miscellaneous 15,585 45,585YMCA Management Resource Centre dues 1,058,233 1,018,536Grants distributed 1,258,179 1,052,7787,401,274 6,714,799Excess of revenue over expenses before the following: 250,559 155,443Bequests – 12,802Investment (loss) income (117,480) 1,065,137Interest income on note receivable 146,491 156,217Excess of revenue over expenses for the year 279,570 1,389,599Appropriations and interfund transfers (279,057) (1,388,348)Increase in unrestricted fund balance $ 513 $ 1,251Beginning unrestricted fund balance $ 32,052 $ 30,801Ending unrestricted fund balance $ 32,565 $ 32,05222 YMCA CANADA 2007 ANNUAL REPORTYMCA CANADA 2007 ANNUAL REPORT 23
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2007 Annual Report - YMCA Canada

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