NEXT Canada F21 Annual Report - Report - Page 27
OUR LEADERSHIP
2021 FINANCIALS
Statement of Operations and Changes in Net Assets for the year ended August 31, 2021.
NEXT Canada was founded in 2010 by a group of pioneering business leaders and
academics. With the initial vision and support from NEXT Canada’s Co-founders and
Founding Patrons, we have grown to be a leader in the delivery of three cutting-edge
programs designed to foster lifelong entrepreneurship.
REVENUE
$318,204
$607,347
Donations
$1,344,281
$897,869
Sponsorships
$1,216,666
$828,018
$814,766
$298,616
($719)
$87,138
Amortization Of Deferred Capital Contribution
$17,972
-
Interest Income
$13,568
$53,149
$547,981
$320,007
$4,272,719
$3,092,144
$1,679,546
$2,080,621
$662,670
$1,177,286
$628,617
$598,679
-
$4,799
Marketing, Applications & Selection
$114,134
$177,761
Advancement
$27,536
$35,678
$3,112,503
$4,074,824
$1,160,216
$2,812,815
($982,680)
$3,795,495
$3,973,031
$2,812,815
Return On Educational Programming
Claudia
Hepburn
Reza
Satchu
Gain On Disposal Of Capital Asset
Tim
Hodgson
Other Income
BOARD OF DIRECTORS
Reza Satchu
(Co-Chair)
2020
Grants
CO-FOUNDERS
Ajay
Agrawal
2021
John Kelleher
(Co-Chair)
Adam
Jiwan
Ajay
Agrawal
EXPENSES
Staff And Faculty
Alan
Depencier
Anthony
Lacavera
Colleen
McMorrow
Educational Programming
Emilie
Cushman
Administration
Loss On Foreign Exchange
Ian
Burgess
Joe
Canavan
Sandra
Odendahl
Sevaun
Palvetzian
Dave
Fuller
Francis
Shen
Som
Seif
Excess (deficiency) of revenue over expenses for the year
Unrestricted net assets – Beginning of year
Unrestricted net assets – End of year
EMERITUS BOARD
Paul Desmarais
III (Chair)
Nadir
Mohamed
Julie Di
Lorenzo
Charles
Field-Marsham
Jacqui
Allard
Kevin
Sullivan
The summary financial information above is derived from the audited financial statements of NEXT Canada or the year ended
August 31, 2021. The complete audited financial statements, including the related notes to the financial statements and auditors
report thereon are available on request from info@nextcanada.com.
F21 FINANCIAL HIGHLIGHTS
•
26 | ANNUAL REPORT
Revenue increased year over year from
$3,092,144 to 4,272,719. This is primarily due
to a return on educational programming, and
government wage and rent subsidies.
•
Expenses decreased year over year from
$4,074,824 to $3,112,503. This is attributed
to incurring no costs associated with travel,
accommodation or in office expenditures.
NEXT CANADA | 27