Financials

Revenue Sources
  • Federal Government
  • Provincial and Territorial Governments
  • Municipal Government
  • Fundraising
  • Frontier College Foundation Grants
  • Frontier College Books
  • Fee for Service and Other Income

Full audited financial statements and notes are available at frontiercollege.ca

Statement of Operations

2018 2017
Governments 4,855,059 4,724,958
Fundraising 3,236,674 2,441,314
Frontier College Foundation Grants 705,259 652,000
Frontier College Books 153,778 179,421
Fee for Service and Other Income 468,411 529,319
Total Operating Revenue 9,419,181 8,527,012
Salaries and Benefits 6,552,490 5,858.352
Program Materials and Delivery Costs 1,598,929 1,387,013
Operational Costs 716,094 719,323
Fundraising and Communications 230,415 209,611
Cost of Sales 98,682 112,417
Amortization and Interest on Capital Leases 92,571 69,136
Total Operating Expenses 9,289,181 8,355,852
Excess of Revenue over Expenses 130,000 171,160

Summarized Statement of Financial Position

2018 2017

Assets

Cash and Equivalents 6,190,751 6,085,979
Accounts Receivable 779,229 534,516
Inventory and Prepaid Expenses 219,514 221,146
Capital Assets 501,705 341,203
Total Assets 7,691,199 7,182,844

Liabilities and Net Assets

Accounts Payable and Accrued Liabilities 418,755 218,485
Deferred Contributions 6,504,227 6,309,214
Other Obligations 88,933 105,861
Net Assets 679,284 549,284
Total Liabilities and Net Assets 7,691,199 7,182,844