Our financials
Statement of operations and changes in net assets
Fiscal year 2021, with comparative information from Fiscal year 2020
| FY 2020 | FY 2021 | ||
|---|---|---|---|
| Revenue: | Operating1 | 1,802,200 | 2,511,558 |
| Scholarship/Awards2 | 75,000 | 57,000 | |
| JMVFH3 | 25,000 | 26,000 | |
| Undirected donations | 549 | 1,166 | |
| Research funds4 | 2,607,506 | 2,975,108 | |
| 4,510,255 | 5,570,832 | ||
| Expenses: | Operating1 | 1,717,372 | 2,000,405 |
|---|---|---|---|
| Scholarship/Awards2 | 69,936 | 36,274 | |
| JMVFH3 | 0 | 0 | |
| Undirected donations | 0 | 0 | |
| Research funds4 | 2,484,645 | 3,107,660 | |
| 4,271,953 | 5,144,339 | ||
| Net operating surplus (deficit)5 | 238,302 | 426,493 | |
Notes
1Includes Forum, Health Canada and Veterans Affairs Canada funding
2Includes Wounded Warriors Canada and Royal Canadian Legion scholarships, as well as the Zamorski award
3Journal of Military, Veteran and Family Health
4Includes Calian, Public Services and Procurement Canada, IBM Canada, Green Shield, Legacy Place, and True Patriot Love Foundation funds. These funds are for indentified research projects.
5Net operating surplus is restricted based on funding/project agreements