maf
canada annual reports |
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financial
highlights
condensed
Statement of Operations for the year ended 31 December, 2OO6.
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Revenue |
2006
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2005
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Donations
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3,939,129 |
3,743,319 |
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Interest
& Other Income
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141,618 |
130,824 |
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4,080,747 |
3,874,143 |
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Expenditures |
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Missionary
Support
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2,387,537 |
2,077,696 |
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Special
Projects
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406,106 |
487,327 |
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Development & Recruiting
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506,197 |
541,128 |
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Administration
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499,780 |
468,577 |
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3,799,620 |
3,574,728 |
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Excess from Operations |
281,127 |
299,415 |
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Amortization and Investment
Adjustment |
(2,790) |
(47,409) |
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* Foreign Exchange & Investment (Loss) |
(27,572) |
(32,045) |
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Net Excess for Year |
250,765 |
219,961 |
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Net Assets
(beginning of year) |
2,452,921 |
2,232,960 |
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Net Assets
(end of year) |
2,703,686 |
2,452,921 |
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*
Mission Aviation Fellowship of Canada carries out
transactions in foreign currency. Consequently, some assets, revenues,
liabilities, and expenses are exposed to fluctuations in foreign exchange
rates.
where
the total revenue came from this year
donations
96.53%
The
bulk of our revenue has come from the faithful and regular support of donors
like you.
This
amount includes missionary support and general contributions from
individuals, churches, and corporations as a result of fund raising
initiatives.
investments
& other income 3.47%
This
includes income earned from program fees, and on interest earned on funds
prior to disbursement, and on trust fund investments.
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how
donations to maf canada were used this year
missionary
support - 62.84%
This includes living
expenses, housing, salaries,
education,
repatriation costs, furlough expenses, and travel to and from the field.
special projects - 10.69%
This includes Angolan
national student aviation training, emergency relief flights, and other
ministry projects involving overseas MAF missionaries.
development & recruiting - 13.32%
Ongoing
recruiting of MAF personnel, and the production and distribution of
promotional materials, advertising, and support raising. For every
dollar spent, more than six dollars are raised, and
we continually see many new families recruited and trained for
overseas service with MAF.
administration
- 13.15%
Support
of overseas staff including prayer and news letters, donor receipting,
payroll, medical benefits, travel, training, administration of missionary
support, and other critical functions.
Mission
Aviation Fellowship of Canada is a registered Canadian Charity
(Registration Number: 12994 2561 RR0001) and is able to issue receipts for
income tax purposes).
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