Our financials

Statement of operations and changes in net assets

Fiscal year 2020, with comparative information from Fiscal year 2019

  FY 2019 FY 2020
Revenue: Operating1 1,596,455 1,802,202
  Scholarship/Awards2 50,000 75,000
  JMVFH3 41,000 10,000
  Undirected donations 1,089 549
  Research funds4 3,531,769 2,690,836
  5,220,313 4,578,587
     
Expenses: Operating1 1,270,695 1,717,372
  Scholarship/Awards2 54,351 75,000
  JMVFH3 15,772 0
  Undirected donations 0 0
  Research funds4 3,211,726 2,559,645
  4,552,544 4,352,017
Net operating surplus (deficit)5 667,769 226,570

Notes

1Includes Forum and Health Canada funding
2Includes Wounded Warriors Canada and Royal Canadian Legion Scholarships, and Dr. Mark Zamorski Award.
3Journal of Military, Veteran and Family Health
4Includes Calian, Public Service Procurement Canada (PSPC), IBM Canada and True Patriot Love Foundation funds. These funds are for indentified research projects.
5Net operating surplus is restricted based on funding/project agreements