financial statements (fy2018)2019-08-01T10:15:26+00:00

MAF Canada’s Financial Report

fy 2018

fy 2017

REVENUES
Donations
Missionary Support 3,408,967 3,557,680
Special Projects and Programs 623,527 800,976
General Missions 1,433,211 1,254,075
Gift in Kind 82,496 69,259


5,548,201   5,681,990
Program Fees 30,000 0
Interest 10,959 2,082
Other Revenue and Non-Receipted Donations 1,149,461 1,011,850


TOTAL REVENUES 6,738,621   6,695,922


EXPENDITURES
Missionary Support 4,008,393 4,149,174
Special Projects and Programs 595,950 727,228
Development, international Ops & Recruiting 627,632 509,503
General Administration 790,429 666,413
Fundraising Costs 797,965 811,067


TOTAL EXPENDITURES 6,820,369   6,863,385


SURPLUS (DEFICIT) FROM OPERATIONS (81,748)   (167,463)


OTHER
Amortization (64,965) (94,760)
Premium transfers 0 12,705
Gain (Loss) on Disposal of Assets 0 108,835
Gain (Loss) on Exchange and Investments 43,277 166,152


(21,688)   192,932


SURPLUS (DEFICIT) FOR THE YEAR (103,436)    25,469 
20x20
20x20
NET ASSETS, beginning of year 3,632,068 3,606,599
20x20
20x20
NET ASSETS, end of year 3,528,632 3,632,068

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

How gifts were used in fy2018

Missionary Support – 60%

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

Special Projects – 9%

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

Development of International Programs and Recruitment – 9%

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

Administration – 11%

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

Fundraising – 11%

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

Downloads

2018annualreport

2018
Annual Report

Click here to download MAF Canada’s 2018 Annual Report.

financial statement

2018
Audited Financial Statement

Click here to download MAF Canada’s 2018 Audited Financial Statement.

2017annualreport

2017
Annual Report

Click here to download MAF Canada’s 2017 Annual Report.

financial statement

2017
Audited Financial Statement

Click here to download MAF Canada’s 2017 Audited Financial Statement.