FY20-Annual Report -Mar23 - Flipbook - Page 20
2020 FINANCIALS
BOARD OF DIRECTORS
Statement of Operations and Changes in Net Assets for the year ended August 31, 2020.
Revenue
Grants
Donations
Sponsorships
Gain on sale of cohort ventures
Interest income
Other income
2020 $
-
2019 $
4,081,408
629,280
1,380,919
150,621
47,902
23,560
=
6,313,690
-
1,995,750
3,036,656
1,253,638
5,428
426,103
=
6,717,575
Deficiency of revenue over expenses for the year
Unrestricted net assets — Beginning of year
-
-403,885
4,199,380
Unrestricted net assets — End of year
=
3,795,495
Expenses
Staff and faculty
Educational programming
Administration
Loss (gain) on foreign exchange
Marketing, applications and selection
The summary financial information above is derived from the audited financial statements of NEXT Canada
for the year ended August 31, 2020. 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.
FINANCIAL HIGHLIGHTS
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