maf
canada annual reports |
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financial
highlights
condensed
Statement of Operations for the year ended 31 December, 2OO9.
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Revenue |
2009 |
2008 |
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Donations
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4,880,088 |
4,803,307 |
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Interest
& Other Income
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102,676 |
90,273 |
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4,982,764 |
4,893,580 |
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Expenditures |
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Missionary
Support
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3,303,332 |
3,068,179 |
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Special
Projects
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497,017 |
661,411 |
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Development & Recruiting
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722,247 |
655,950 |
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Administration
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493,622 |
508,011 |
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5,016,218 |
4,893,551 |
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Excess from Operations |
(33,454) |
29 |
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Amortization and Investment
Adjustment |
32,135 |
29,508 |
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* Foreign Exchange & Investment (Loss) |
104,397 |
(8,830) |
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Loss on disposal of assets |
(6,945) |
0 |
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Net Excess for Year |
96,133 |
20,707 |
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Net Assets
(beginning of year) |
2,725,599 |
2,704,892 |
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Net Assets
(end of year) |
2,821,732 |
2,725,599 |
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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.
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how
donations to maf canada were used this year
missionary
support - 66%
This includes living
expenses, housing, salaries, education, repatriation costs, furlough
expenses, and travel to and from the field.
Recruiting &
Member Care - 7%
Ongoing recruiting
of MAF personnel. We continually see many new families recruited and trained
for overseas service with MAF.
Ministry
Development & Promotion - 7%
The production and
distribution of promotional materials, advertising, and support raising. For
every dollar spent, more than six dollars are raised.
special projects - 10%
This includes Angolan
national student aviation training, emergency relief flights, and other
ministry projects involving overseas MAF missionaries.
administration
- 10%
Support of overseas
staff including newsletters, donor receipting, payroll, medical benefits,
travel, training, administration of missionary support, and other critical
functions.
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Click
here to download a hard copy of the MAF 2007 Annual Report
(requires Adobe's free
Acrobat Reader available
here).
(file size: 3.4M)
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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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