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