2014 Annual Report - Community Foundation of PEI
Transcription
2014 Annual Report - Community Foundation of PEI
ANNUAL REPORT 2014 119 QUEEN STREET SUITE 105 CHARLOTTETOWN PRINCE EDWARD ISLAND C1A 4B3 T 1-902-892-3440 F 1-902-892-0880 TOLL FREE 1-800-566-7307 E [email protected] W www.cfpei.ca BOARD OF DIRECTORS STEVE MCQUAID – PRESIDENT ROGERS BELL – VICE- PRESIDENT TRACEY LAUGHLIN - TREASURER CAROL FRASER – SECRETARY TOM DAVIES – PAST PRESIDENT STEVE DOWLING PAULA FOLEY KIM KLEIN ROB LIVINGSTONE MIKE MURPHY ROD NICHOLSON JOHN ROBINSON JAMES TRAVERS STAFF GENERAL MANAGER – JENIENE PEAKE FINANCE OFFICER – MARLA MACDONALD GIDNEY OFFICE ADMINISTRATOR –HEIDI MACKINNON So much more than just a print shop www.syntrak.ca 1-902-892-7719 [email protected] 59 Watts Avenue, West Royalty Business Park, Charlottetown Print & design partner of the Community Foundation of PEI PRESIDENT’S REPORT The Community Foundation of PEI (CFPEI) continues to increase its profile and impact within the broader PEI community. Over the past year we have been working to increase our overall endowment base, and are more actively engaging Islanders on important community issues. Our vision as a Foundation continues to be: ‘to promote and support an Island of smart and caring communities enriching the lives of all Islanders’. Over the next few years, the Foundation is committed to two key goals: (1) Engaging Island communities; we will be reaching out to all communities across PEI to ensure that everyone is aware of the Foundation’s role and mission, and of the services we offer; and (2) Growing our Island Smart and Caring Communities Fund; the goal is to add $500,000 each year over the next four years. This will allow CFPEI to increase its granting capacity to Island communities. Our endowment base has continued to grow; the market value increased from $7,090,000 at 2013 year end to $7,918,500 at 2014 year end. A total of $356,500 in new fund investments were received in 2014. With respect to our granting, some $290,000 was dispersed back into the community through scholarship awards and community grants; this total includes both earned income and ‘flow through’ funds. In addition to working toward these broader goals, CFPEI has been active on a number of levels in 2014; some of these activities include: LAUNCH OF ‘TAKING THE PULSE OF ISLAND YOUTH’ REPORT. On January 8th, CFPEI publicly launched our Vital Signs Report at a well attended media event at the Confederation Centre. Some fifty plus citizens, community leaders, and government leaders were in attendance to receive a copy of the report, and to hear a panel of PEI youth speak about their experiences and challenges as they transition into adulthood. During February and March the Foundation took the results and findings of the Report ‘on the road’. In collaboration with the PEI Women Institute and the Education 20-20 Group, the Foundation conducted presentations in eight locations across the province; in total about 150 Islanders attended these presentations. Through these efforts, our hope is that all community stakeholders will work together to increase support to Island youth as they take their place as emerging leaders and contributors in our communities. YOU MAKE YOUR COMMUNITY CAMPAIGN In March, CFPEI participated in the Community Foundation of Canada’s - Your Community Makes You...You Make Your Community. - Campaign. CFPEI is one of 191 Community Foundations at work in Canada; for nearly a century, Foundations have been supporting communities, and helping Canadians give back to their communities. This initiative was designed to profile the role and contributions of ‘community champions’ within PEI, and to introduce Islanders to the work of the Community Foundation. During this campaign, CFPEI celebrated the volunteer work and commitment of four Islanders, including: Alex Douglas, a young man who has worked extensively with young people and youth groups; Meghan Blanchard, an accomplished singer/songwriter who has generously given her time and talent to raise funds for many Island non-profit groups; Ari Hoogerbrugge, a resident of Souris who, in addition to his volunteer work with inmates in Island Correctional Centres, has helped set up a program for kids in his home community; and Margie Stewart, a long time resident and volunteer from Eastern Kings. Ari and Margi attended our May 2014 AGM and gave testimonials of their volunteer work, and their beliefs and convictions around the importance and value of volunteerism. CONTINUING THE WORK WITH PEI’S NON-PROFIT SECTOR. In collaboration with the PEI Community Sector Network (CSN), and researchers from the Mount Royal University in Calgary and Simon Fraser University in Vancouver, CFPEI undertook a Social Enterprise Sector Survey with the non-profit sector on PEI. This survey had been completed in several other provinces across Canada, and is part of a national effort to explore new ways to help non-profit organizations raise new funds and revenue to help achieve their social missions and mandates. REGIONAL MEETING OF ATLANTIC COMMUNITY FOUNDATIONS In partnership with the Community Foundation of Canada, CFPEI hosted the Regional Meeting of Community Foundations in Atlantic Canada (there are nine Foundation across Atlantic Canada). The two-day event was held at the Rodd Charlottetown Hotel, and was attended by representatives from six of the nine Foundations. In addition to meeting staff and board members from other foundations and learning about their work, participants also enjoyed a workshop on developing and maintaining positive relationships with donors. The workshop was conducted by Suzanne Gibson from the Community Foundation of Canada SPECIAL ADVISORY COUNCIL In June the Foundation invited nine individuals to join the CFPEI Advisory Council to assist us in achieving our vision and goals. The Foundation believes that to further grow and develop as a helping organization, we need to engage other community leaders who are interested in, and committed to, the social and economic health of Island communities as we go forward. The Council will help raise the awareness of the mission and work of the Foundation within PEI, and help build our Smart and Caring Communities Fund designed to assist communities across PEI. Current members of our Advisory Council Include: Wilma Hambly; Colleen Parker; Ray Keenan; Wayne Carew; Lou MacEachern; Hon. Catherine Callbeck; Ryan Murphy; and Joseph Spriet. (Note: Wade MacLauchlan was part of our intial council membership, but given his recent new endeavours, he has since withdrawn his membership.) GOVERNOR GENERAL’S SMART AND CARING COMMUNITIES INITIATIVE The Governor General of Canada, the Honorable David Johnston, was on PEI to take part in the 2014 celebrations this past summer. At a June 18 event hosted by the Governor General, CFPEI launched 1 its Smart and Caring Communities Fund Initiative. 2017 will be the 150th anniversary of Canada and the Governor has challenged Canadians to imagine our country as it could be – a “smart and caring nation” - that holds promise for everyone. Community Foundations across Canada have joined the Governor General in helping to achieve this vision by establishing Smart and Caring Communities Funds across Canada. The purpose of CFPEI’s Smart and Caring Communities Fund is to fill a unique and critical role. It will be an unrestricted fund and will provide CFPEI with the flexibility to respond to the needs identified by charitable organizations across PEI, now and in the future. Our goal is to add $500,000 each year to our Island Smart and Caring Communities Fund over the next four years. CFPEI PROMOTION AND MARKETING WORKSHOP LuAnn Lovlin, Director of Communications from the Winnipeg Community Foundation was on PEI last July, and generously volunteered her time to conduct a workshop with the Marketing and Communications Committee, and other Board members and volunteers. This was a useful and timely workshop for the Committee, providing a range of ideas and strategies to communicate and promote the work of the Foundation. ANNUAL FUND-RISING GALA EVENT: On July 26th the Foundation hosted its annual gala event at the Glasgow Hills Resort and Golf Club. Gala attendees enjoyed an excellent meal, and there was a good response to our silent auction. The proceeds from this event are used to help with ongoing administrative and operational costs and allow the Foundation to engage in and support various community initiatives. A hearty thank you to all who attend this event each year, the businesses and individuals who have donated items to the silent auction, and the staff at the Glasgow Hills Resort. This ongoing community support is critical to the work of the Foundation. ANNUAL AWARD AND GRANTS EVENT Our August 21st, 2014 awards evening saw our largest turnout ever of recipients, family members and friends. This event recognized and celebrated our 2014 scholarship winners, award winners, and grant recipients. This event is also the one time each year where the Foundation publicly showcases to our donors, patrons and friends the outcomes and impacts of the work we do. Each scholarship, award, or grant presented during the event is the result of someone who cared and who wanted to help out their community in some way; e.g. helping a young person pursue their education, or helping an organization to continue its good work in the community. We want to thank all donors and patrons who have helped to make this happen through their gifts. NEW PARTNERSHIP In 2014, CFPEI entered into a partnership with Syntrak Print and Graphics Inc. This company offered CFPEI the opportunity to receive pro bono design work with regard to rebranding CFPEI. In turn our organizartion would use Syntrak for its printing requirements. CFPEI is grateful for this relationship and is in the process of revising and developing its promotional materials. A HEARTY ‘THANK YOU’ On behalf of the Foundation, I wish to acknowledge the work of, and thank the following people. Our office staff, Heidi MacKinnon and Marla MacDonald Gidney; they have worked to keep the ongoing administrative tasks ‘on track’, and provided support to the work of the Board and Committees. Our heartfelt thanks to Jeniene Peake; Jeniene worked as our General Manager since early 2010, and has been instrumental in helping us strengthen the administrative elements of our organization, and build our endowment base. Jeniene left the General Manager’s post in September of 2014 to assume and enjoy new grandparenting responsibilities. Thanks for everything, Jeniene. And a hearty ‘thank you’ to Carol Fraser – our Board member from Eastern Kings. Carol has served two terms on our Board, and has been a solid advocate and supporter of the work of the Foundation throughout her home region of Eastern Kings. Carol has served as Board Secretary, a member of the Board Executive Committee, and on the Finance and Audit Committee. Thank you, Carol, for your work and support. AWARD RECIPIENTS FOR 2014 SCHOLARSHIP PRESENTATIONS • Joseph Spriet Scholarship – Emily MacLeod • Stephen Turner Memorial Fund – Christine MacDonald • Lowell Phillips Scholarship – Sam Ferguson • Orin Carver Scholarship – Lucas Clow, Caleb Young, Kelly Green • Noreen & George Corrigan Scholarship – Logan Donnelly, Stephanie Doull • Summerside-Natick Int’l Friendship Hockey – Hillary MacLeod 2 • Arthur & Theresa MacDonald – Katie Gallant, Rebecca King, Courtney McCardle, Katie Drummond • Architects Association of PEI – Lucas Bergmark, Glen Nicholson • Joan Auld Scholarship Fund – Megan Burnside, Julie Ann Rayner • The Christian Gavard Memorial Scholarship – Jenna Miller • St. Andrew’s Society Scholarships – Kayla Bernard, Daniel Brown, Bethany Burt, Lesley Clark, Brynn Cutcliffe, Joel Doran, Robyn Doran, Stephen Dunbar, Katie Gallant, Grace Gormley, Matthew Hicken, Alexander Keoughan, Jesse Knox, Lydia Lawless, Alex MacBain, Gemma MacDonald, Kate MacDonald, Megan MacDonald, Jacob MacMillan, Maddie MacMillan, Mark MacMillan, John Matheson, Michelle McCabe, Courtney McCardle, Joanna McKearney, Morgan McKenna, Abigal McQuaid, Cody Miller, Shana Morrison Wood, Ashton Muttart, Zachary Muttart, Russell Peden, Mishcha Taylor, Clay Tremere FIELD OF INTEREST FUNDS • Cumberland Rocky Pt. WI Legacy Fund – Eliot River Elementary School and Westwood Primary School • J. Melvin Campbell Fund – Camp Triumph and Boys and Girls Club of Summerside • Souris Community Fund – Souris Consolidated Home and School • Dr. Donald K. Taylor Memorial Fund – Appin Road Day Camp • North Tryon WI Legacy Fund – Englewood Music & Library Program, PCH Maternal Child Care Unit and Tryon River Watershed Cooperative • David A. MacKay Endowment Fund – Zion Church, Central Queens Clippers Soccer Club • Dr. Marlene Bryenton/Ghiz Park Fund – City of Charlottetown • Jack Blanchard Music Program for Kids – Prince Street, Spring Park, Stratford, West Kent, LM Montgomery, Parkdale and St. Jeans Elementary Schools • Arthur And Theresa MacDonald Charitable Trust Fund – West Prince Caring Cupboard, Salvation Army Charlottetown, Prince County Salvation Army, Upper Room Hospitality Ministry, Southern Kings and Queens Food Bank, Souris Food Bank, PEI Literacy Alliance, Tracadie Community Centre, Just Being Kids Youth Group • Island Arts Fund – Culture PEI • Beach Tennis Club – Tennis PEI • 2009 Canada Games Dreams and Champions Legacy Trust – Grants to 25 organizations COMMUNITY FUNDS • West Prince Caring Cupboard, Salvation Army Prince County, Upper Room Hospitality Ministry, Southern Kings and Queens Food Bank, Souris Food Bank, Salvation Army Charlottetown, PEI Council for People with Disabilities, Appin Road Day Camp, Boys and Girls Club of Charlottetown FLOW-THROUGH GRANTS • • • • • • • • First Baptist Church Indian River Music Festival South Shore United Church Crapaud Community Hall Victoria Playhouse College of Piping Tryon & Area Historical Society PCH Foundation • • • • • • • • QEH Foundation Watermark Theatre Open Door Ministries St. Thomas Anglican Church Island Pregnancy Centre Singing Strings Wellspring Foundation Salvation Army • • • • • • Bedeque Historical Society PEI Museum and Heritage Bedeque Area Recreation Centre Mount Allison University Acadia University Bedeque United Church VOLUNTEERS: Like so many organizations, the Community Foundation is grateful for the generous contributions of time and talents by its volunteers. Marilyn Barrett Susan Ching Bruce Craig Beth Cullen Andrew Daggett Ricky Dalton Tom DeBlois Joyce Gaudet Jamie Kilbride Norman LaLonde Deborah Lavers Kevin Lewis Heather MacDonald Katherine MacDonald Kenneth MacDonald Greg MacPhail JoAnn McQuaid Tony Sauer MEMORIALS When a friend or family member passes away, an In Memoriam contribution to the CFPEI’s Island Fund or another fund of your choosing can be an appropriate tribute to honour a person’s strong belief in their community. Over the past year donations have been made by the following individuals: Aileen Adams Carol Carney Christian Gavard Michael Horyl Irene MacKay Gerald Mitchell Will McInnis Morley Newsome Leila & Ross Nicholson Ralph James Robinson Charles Scranton Dr. Donald Taylor Stephen Turner 3 NEW FUNDS HEATHER HENRY MACDONALD FUND This fund was established with an initial donation by Mrs. MacDonald. The purpose of the fund is to enable the Community Foundation to address existing and future needs of the third sector on PEI. Mrs. MacDonald is retired from a teaching career which encompassed teaching in elementary school, high school and at the University of Prince Edward Island. She has worked with many community organizations including her church, the Seniors Advisory Council, Queen Elizabeth Hospital, the Home Economics Association, a Publishing Collective, the Cancer Society, the Rose Society, the Quilt Guild and the Stratford Community Choir. She served as a Director on the Board of the Community Foundation for six years and continues to be involved as an active member of the Foundation’s Granting Committee. KATHARYN (MYERS) LEA ENDOWMENT This was created to provide an annual award to Englewood School in Crapaud, PEI. The fund will support projects undertaken by full time staff members that will enhance the educational experience for present and/or future students of the school. Projects are to support enhancements beyond core curriculum, for example musical instruments, library books, computer lab equipment, drama program props or costumes or class trips. HAZEL AND JOHN ROBINSON FUND This fund was established by John and Hazel Robinson and will provide a source of funds for the Foundation’s charitable priorities and to support two named organizations. The creation of this fund further demonstrates their desire to assist, not only present, but future generations of their community. John and Hazel have been active volunteers in a number of community organizations including Tryon Baptist Church; First Baptist Church; North Tryon Women’s Institute; Confederation Centre of the Arts; the Tryon River Watershed Cooperative; and the Tryon and Area Historical Society to name only a few. The Robinsons have been strong supporters of the Community Foundation and John has served on the Board of Directors for several years and held the positions of President and Chair of the Fund Development Committee. Both are passionate about Prince Edward Island and its beauty; protecting the environment and sustaining its lifestyle for future generations. ISLAND TRAILS TRUST FUND PRINCE EDWARD ISLAND TRAILS INC., operating as “Island Trails” is a not for profit non-government organization which actively supports the promotion, development, and enhancement of Prince Edward Island’s extensive network of trails for healthy recreation and educational use. Its mandate is to promote, develop, and maintain a network of trails in the province. The development of the woodland hiking trails began in 2003, and the Dromore Woodland Trails as well as six other woodland trails were established by 2010. The realization that a continuous flow of money will be required to fund existing and future undertakings of the organization led to the concept of an endowment fund. It is visualized that money invested in the Island Trails Trust will generate a steady flow of income for Island Trails to include in its annual budget. For further information or to make a donation to the Island Trails Trust, please contact any of the Island Trails Board of Directors or the Community Foundation of Prince Edward Island. PEI GOLF The Junior Golf Development Fund was endowed at the Community Foundation of Prince Edward Island in 2014. The PEI Golf Association was established in 1971 to be the governing body of amateur golf in Prince Edward Island. The Junior Golf Development Fund was established in 2012 as the result of a generous donation to the PEIGA. The goal of the Junior Golf Development Fund is to provide Island youth with access to the sport and the opportunity to develop their interest and skills regardless of their financial circumstances. The Junior Golf Development Endowment Fund will assist junior golfers with the following: • Access to equipment and playing privileges at local golf courses. • Access to instruction for junior golfers of all skill levels. • Entry fees and travel costs to participate in local, regional and national tournaments. • Scholarships to further their education and golf career. HONOURABLE CATHERINE CALLBECK ENDOWMENT The Honourable Catherine Callbeck Endowment Fund was established by Hon. Callbeck to support various worthy causes including the awarding of bursaries to Prince Edward Island students wishing to pursue a post-secondary education but lacking the resources to do so. Eligible candidates will have graduated from a Prince Edward Island High School or have earned a GED High School Equivalency Diploma within five years of applying for a bursary. Hon. Callbeck plans to build the Fund over a number of years and the awarding of bursaries is anticipated to begin within 5 years. THE ST. JOHN’S LODGE NO. 1 4 Through this Fund, Ross Estate Bursaries will be provided to eligible applicants who: are attending, or have been accepted to attend, a post secondary institution (college or university); are members or kin of St John’s Lodge No 1, and have a demonstrated need for assistance to further their education; and have submitted, along with their application, an essay on a topic of their choice. SECURING OUR FUTURE RECOGNITION – CIRCLE OF FRIENDS The Foundation is grateful to its Circle of Friends whose generosity and support has enabled the delivery of an enhanced level of service to its clients in their philanthropic endeavours. The three levels of support and the members of each are: Community – PEI Credit Unions President – Rogers & Phyllis Bell, Norman Carruthers, Margaret Ching, Joyce Gaudet, Bruce Lewis, Heather MacDonald, Stanley MacDonald, Steve McQuaid, Dr. Alan Robinson, John LIST OF PORTFOLIO FUNDS Robinson, Harry Snow, Dave & Joyce Thompson, Norman G. Clarey & Michele M. Murphy Friends – Myron MacKay, Stan MacPherson, Peake and McInnis ALL FUNDS ARE FAIR MARKET VALUE AS OF DECEMBER 2014 COMMUNITY FUNDS Fund # 126,805 Island Fund71,967 Edith and Eric C Robinson Endowment 90,806 Thomas Upson and Katherine W. Upson Fund 6,693 INTEREST FUNDS 2009 Canada Games Dreams and Champions Legacy Trust 3,337,931 Agricultural Equipment Fund 7,140 Alzheimer Society of PEI Foundation 75,283 Arthur &Theresa MacDonald Charitable Trust 379,748 Dr. Gerry Barrett DAPEI Legacy 37,853 Beach Tennis Club Trust Fund 12,630 Dr Marlene Bryenton - Ghiz Park Fund 30,669 HRH Duke and Duchess of Cambridge Legacy Fund 114,511 J. Melville Campbell Fund 48,157 Coles Reunion Fund7,229 Cumberland Rocky Point WI 35,644 Jessie Drummond Fund 3,111 Fund # 3 10,578 Glendenning Family Fund 20,966 Catherine G Hennessey Endowment Fund 44,646 Island Arts & Heritage Fund 57,383 Katharyn (Myers) Lea Endowment10,234 Living Memorial Trust 9,684 Fund 20209,265 David “Jiggs” MacDonald and Gerry Rutten Music Legacy Fund 59,679 Hesta MacDonald Legacy Fund 2,952 David A MacKay Fund 121,129 North Tryon WI Legacy Fund 44,151 Souris Fund 31,838 Summer Islanders Legacy Fund 9,018 Taylor Memorial Fund 14,683 Visual Arts Fund5,639 SCHOLARSHIP FUNDS Architects Association of PEI Scholarship 57,287 Joan Auld Scholarship Fund 20,533 Jack Blanchard Music for Kids Bursary 20,061 Lorne and Ruby Bonnell Scholarship Fund 26,188 Orin Carver Scholarship Fund 139,617 Noreen & George Corrigan Scholarship 110,747 Christian Gavard Memorial Scholarship15,425 Lowell Phillips Scholarship Fund 19,811 St. John’s Lodge - Ross Estate Bursaries 203,451 5 Saint Andrew’s Society Scholarship1,114,382 Joseph Spriet Scholarship Fund 158,715 Stephen Turner Memorial Fund17,227 Summerside Natick Fund 12,930 AGENCY FUNDS CFPEI Administration Fund 92,795 Friends of Camp Segunadeck 4,714 Indian River Festival Property Endowment 50,805 LM Montgomery Land Trust Fund 1,498 FUTURE FUNDS Cheryl & Dr. Harry Callaghan Paediatric Trust 3,875 Terra Nova Endowment5,931 Thomas and Betty Hall Endowment Trust 12,917 Heather Henry MacDonald Endowment10,581 Hazel and John Robinson Endowment 14,068 Catherine Callbeck Endowment Fund55,383 HOSTED ORGANIZATIONS FUNDS ALS Society of PEI CFPEI Operating Fund Dundas Cemetery Fund Highfield Cemetery Island Trails Trust Fund Old Protestant Burying Ground The Hospice Palliative Care Association of PEI Fund PEI 4-H Trust Fund Tryon People’s Cemetery Fund W. H.Tidmarsh Foundation Trust Fund FINANCIAL INFORMATION The Community Foundation’s portfolio of funds are held in a consolidated trust fund (CTF) and professionally managed by Philips, Hager & North. The following chart provides an overview of the CTF performance over the 2004-2014 period. Financial Information 2004-2014 Overview of CTF Performance, before deducting fees 20.00% 15.00% 10.00% 5.00% 0.00% 2004 -5.00% -10.00% -15.00% 6 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 DONORS AND SPONSORS 2014 PERSONAL CONTRIBUTIONS Michael & Deborah Annear Sherman Barker Gordon Barlow Rogers & Phyllis Bell Elaine Braccio & Alan Ford Senator Catherine Callbeck David Campbell Norman & Diana Carruthers Helen Chapman Margaret Ching Marlene Coles Charles Coles Parker Coles Trent Coles Ernie Coles Clayton Coles Michael Connolly Harold Cooper John Cox Bruce & Patricia Craig Edward Cross Barry Cudmore Angela Currie Tom Davies Pat DeBenedictis Jack DesRoches Valerie Docherty Pierre Doiron Rowan Fitzgerald Paula Foley Alan Ford Carol Fraser Joyce Gaudet Claude Gavard Brian Gillis Dr. Don Glendenning Janet Glendenning Don Godfrey Audrey Godfrey Jean Godfrey June Godfrey Philip & Debbie Grubbe Douglas & Debbie Hall Tom & Betty Hall Linda Harding Richard Harrington Catherine G. Hennessey Brenda Howard Senator Elizabeth Hubley Barbara Knapp Jamie Kilbride Roger LeFrance Barb Langille Tracey Laughlin David Lea James C. & Marnie Leefe Kevin Lewis Gail Ling Don Livingstone Wes & Connie MacAleer Norman MacDonald Heather & Dunstan MacDonald Kenneth & Elaine MacDonald Allison MacDonald Myron MacKay Wade MacLauchlin Lillan MacLean Stan MacPherson Linda MacRae Owen MacRae Jean MacRae Mary Dunea Betty & Claude Maurice Betty McIver Catherine McPhail Steve & Evelyn McQuaid John McQuaid Michele M. Murphy Mike Murphy Rod Nicholson Anne Nicholson Thomas O’Leary Nellie Patterson Jeniene Peake Keith Pigot Demi Pirpiris Paulette Power Frank Purdie Henry Purdy Annette Purro John & Hazel Robinson Tony Sauer Nora Scales Daphne & Ian Scott Paul Smith Harry E. Snow Richard Staton Cheryl Stead Ewen Stewart Carol Traill James Travers Gloria Turner James & Louise Wilmot Donald Worthen Island Lime Inc. K Wenn Professional Corp. Long & McQuade Maritime Electric Merrick Franchising MRSB Our Lady of Assumption Parish Peake & McInnis PEI Credit Unions PH&N Province of Prince Edward Island Provincial Credit Union Rotary Club of Hillsborough Rotary Club of Stratford Royalty Oaks Limited Strategic Charitable Giving Foundation Town of Cornwall United Way of P.E.I Garden Isle Farms Yamaha Canada CORPORATIONS ABCE Management Partnership Alan Robinson Inc. Atlantic Evaluation Group Capital Honda Clarey Consulting ECR Holdings Ellis and Birt Ltd. Fast Foods (PEI) Ltd. Government of Canada Holland College 7 The Community Foundation of Prince Edward Island Inc. Statement of Operations and Net Assets For the year ended December 31, 2014 Operating Fund $ Revenues Donations Fundraising and sponsorships Government assistance Administration fees Investment income Social Enterprise Survey Total 2014 $ Total 2013 $ 34,377 16,689 8,810 60,691 1,823 7,500 428,051 (49,574) 430,617 - 462,428 16,689 8,810 11,117 432,440 7,500 1,142,969 19,310 14,650 6,951 218,972 - 129,890 809,094 938,984 1,402,852 87,445 6,651 1,179 7,348 13,111 6,510 1,134 2,095 228 359 204,699 145 38,680 - 87,445 6,651 204,699 1,179 7,348 13,256 6,510 1,134 2,095 38,908 359 67,681 16,574 170,245 1,179 7,198 13,557 5,692 3,064 1,992 27,203 10,119 126,060 243,524 369,584 324,504 3,830 565,570 569,400 1,078,348 Unrealized gain on investments 2,245 255,664 257,909 499,617 Excess revenue for the year 6,075 821,234 827,309 1,577,965 74,830 6,143,414 6,218,244 4,604,356 - - - 35,923 80,905 6,964,648 7,045,553 6,218,244 Expenses Wages and levies Professional fees Grants and scholarships Insurance Fundraising expenses Office and telephone Rent Travel and meals Workshops and conferences Investment management fees Vital Signs project Operating revenue Other revenue Net assets - Beginning of year Transfer between funds (note 5) Net assets - End of year 8 Endowment Funds $ (3) The Community Foundation of Prince Edward Island Inc. Statement of Financial Position As at December 31, 2014 Assets Operating Fund $ Current assets Cash Restricted cash - flow-through and award funds GST/HST receivable Endowment Funds $ 2014 2013 Total $ Total $ 43,265 87,681 130,946 51,126 89,192 3,010 - 89,192 3,010 54,711 1,601 135,467 87,681 223,148 107,438 - 7,831,195 7,831,195 6,982,339 135,467 7,918,876 8,054,343 7,089,777 4,735 - 4,735 9,635 89,192 - 89,192 54,711 93,927 - 93,927 64,346 (39,365) 954,228 914,863 807,187 54,562 954,228 1,008,790 871,533 80,905 - 80,905 74,830 - 6,964,648 6,964,648 6,143,414 80,905 6,964,648 7,045,553 6,218,244 135,467 7,918,876 8,054,343 7,089,777 Investments Liabilities Current liabilities Accounts payable and accrued liabilities Payable - flow-though and award funds (note 3) Hosted funds (note 4) Net Assets Unrestricted Externally restricted Approved by the Board of Directors _____________________________ Director _____________________________ Director (2) 9
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