Page 11 - CLH Foundation - Annual Report - 2023-2024

2024 2023

Revenues Revenues

Fundraising $47,214* Fundraising $151,014
Rental Income $36,000 Rental Income $36,000
Donations $80,444 Donations $75,161
Grants $24,566 Grants $3,500
Amortization of deferred capital contributions $8,382 Amortization of deferred capital contributions $8,382
TAY & Teen Camp contributions $7,142 TAY & Teen Camp contributions $4,100
Investment income $39,761 Investment income $21,314
$243,509
$299,471
Expenses Expenses

Fundraising Expenses $7,660 Fundraising Expenses $45,090
Amortization of buildings $18,899 Amortization of buildings $18,899
Advertising and promotion $30,570 Advertising and promotion $10,916
Professional fees $23,062 Professional fees $9,853
Office $8,856 Office $7,223
Rent and utilities $5,969 Rent and utilities $6,750
Contract service - Contract service $3,287
Interest and bank charges $1,986 Interest and bank charges $2,185
Training $2,551 Training $1,628
Insurance $500 Insurance $500
$100,053 $106,331

EXCESS OF REVENUES OVER EXPENSES $143,456 EXCESS OF REVENUES OVER EXPENSES $193,140
BEFORE THE FOLLOWING BEFORE THE FOLLOWING

Contributions to CLH Developmental Support Services (note 2) $(216,720) Contributions to CLH Developmental Support Services (note 2) $(332,419)
Program Expenses (Foundation for Success and Bridging the Gap) $(2,384) Program Expenses (Foundation of Success and Bridging the Gap) $(8,624)

Deficiency of Deficiency of
Revenues Over Expenses $(75,648) Revenues Over Expenses $(147,903)

*The annual Red Carpet Event did not take place in fiscal 2024. It has moved from its traditional February date to a new place on the calendar: April.
A copy of the full audited Financial Statements 1 An additional $82,597 raised for programming support is being held in deferred revenue and will be used to fuel CLH programs in 2024-2025
is available from CLH Foundation upon request. 2 Not reflected in these financial statements is a $150,000 Ontario Trillium Foundation Capital Grant secured by CLHF on behalf of CLH Developmental
Support Services in October 2023 to transform the Kitchen at Olive into a fully accessible, commercial, training facility.