financial statements (fy2017)2018-09-05T20:35:59+00:00

MAF Canada’s Financial Report

fy 2017

fy 2016

REVENUES
Donations
Missionary Support 3,557,680 3,675,566
Special Projects and Programs 800,976 895,610
General Missions 1,254,075 961,543
Gift in Kind 69,259 81,851


5,681,990 5,614,570
Program Fees 0 18,000
Interest 2,082 1,860
Other Revenue and Non-Receipted Donations 1,011,850 1,036,442


TOTAL REVENUES 6,695,922 6,670,872


EXPENDITURES
Missionary Support 4,120,780 4,217,455
Special Projects and Programs 727,228 535,792
Dental Fund Costs 28,394 87,870
Development, international Ops & Recruiting 509,503 410,036
General Administration 666,413 631,496
Fundraising Costs 811,067 767,842


TOTAL EXPENDITURES 6,863,385 6,650,491


SURPLUS (DEFICIT) FROM OPERATIONS (167,463) 20,381


OTHER
Amortization (94,760) (134,643)
Premium transfers 12,705 68,145
Gain (Loss) on Disposal of Assets 108,835 20,150
Gain (Loss) on Exchange and Investments 166,152 (4,678)


192,932 (51,026)


SURPLUS (DEFICIT) FOR THE YEAR 25,469  (30,645) 
20x20
20x20
NET ASSETS, beginning of year 3,606,599 3,637,244
20x20
20x20
NET ASSETS, end of year 3,632,068 3,606,599

Mission Aviation Fellowship of Canada fiscal year runs from
October 1 – September 30.

How donations to MAF Canada
were used in fy2017

Missionary Support – 62%

Includes living expenses, housing, salaries, education, repatriation costs, furlough expenses, and travel to and from the field.

Special Projects – 10%

Includes emergency relief flights, and other ministry projects involving overseas MAF missionaries.

Development of International Programs and Recruitment – 7%

Includes ongoing recruiting of MAF personnel as well as supporting the advancement of international programs.

Fundraising – 12%

Includes production and distribution of promotional materials, fundraising efforts, advertising, and support raising events.

Administration – 9%

Support of overseas staff including newsletters, donor receipting, payroll, training, travel, & other critical functions.

Downloads

2017annualreport

2017
Annual Report

Click here to download MAF Canada’s fy2017 Annual Report.

financial statement

2017
Audited Financial Statement

Click here to download MAF Canada’s fy2017 Audited Financial Statement.

2016annualreport

2016
Annual Report

Click here to download MAF Canada’s fy2016 Annual Report.

financial statement

2016
Audited Financial Statement

Click here to download MAF Canada’s fy2016 Audited Financial Statement.