Financials
Revenue Sources
- 5%
- Federal Government
- 48%
- Provincial, Territorial, and
Indigenous Governments - 1%
- Municipal Government
- 33%
- Fundraising
- 7%
- Frontier College Foundation Grants
- 2%
- Frontier College Books
- 4%
- Fee for Service and Other Income
Summarized Statement of Operations
| 2019 | 2018 | |
|---|---|---|
| Governments | 5,804,161 | 4,855,059 |
| Fundraising | 3,556,433 | 3,236,674 |
| Frontier College Foundation Grants | 730,000 | 705,259 |
| Frontier College Books | 151,375 | 153,778 |
| Fee for Service and Other Income | 457,259 | 468,411 |
| Total Operating Revenue | 10,699,228 | 9,419,181 |
| 2019 | 2018 | |
|---|---|---|
| Salaries and Benefits | 7,391,508 | 6,552,490 |
| Program Materials and Delivery Costs | 1,288,159 | 1,100,298 |
| Operational Costs | 861,050 | 724,879 |
| Travel | 496,023 | 491,126 |
| Fundraising and Communications | 353,498 | 229,135 |
| Cost of Sales | 97,083 | 98,682 |
| Amortization and Interest on Capital Leases | 106,907 | 92,571 |
| Total Operating Expenses | 10,594,228 | 9,289,181 |
| Excess of Revenue over Expenses | 105,000 | 130,000 |
Summarized Statement of Financial Position
| 2019 | 2018 | |
|---|---|---|
| Assets | ||
| Cash and Equivalents | 5,696,274 | 6,190,751 |
| Accounts Receivable | 863,632 | 779,229 |
| Inventory and Prepaid Expenses | 172,107 | 219,514 |
| Capital Assets | 603,911 | 501,705 |
| Total Assets | 7,335,924 | 7,691,199 |
| 2019 | 2018 | |
|---|---|---|
| Liabilities and Net Assets | ||
| Accounts Payable and Accrued Liabilities | 368,246 | 418,755 |
| Deferred Contributions | 6,047,779 | 6,504,227 |
| Other Obligations | 135,615 | 88,933 |
| Net Assets | 784,284 | 679,284 |
| Total Liabilities and Net Assets | 7,335,924 | 7,691,199 |