Audited Financial Statements

As a charter member of Imagine Canada Ethical Fundraising and Financial Accountability Code, CNIB takes pride in upholding the highest standard of ethics in the distribution of your donations.

Our financial statements and accompanying graphic presentation were prepared in accordance with Canadian accounting standards for not-for-profit organizations, and our statements were audited by Deloitte LLP Chartered Professional Accountants.

What follows is an abridged version of our 2014-2015 financial highlights. Click here for an accessible copy of CNIB’s audited financial statements for 2014-15.

Summarized Statement of Operations

(in thousands of dollars)
Year ended March 31, 2015, with comparative information for 2014

  2015 2014

Revenue

Support from the public $26,692 $30,004
Government funding towards programs and services $26,836 $26,192
Retail lottery and gaming operations $9,670 $9,499
Investment $5,070 $5,337
Fees for service $1,363 $1,507
Consumer products and assistive technology sales $3,733 $3,926
Other $3,947 $5,426
Gain on sale of capital assets $98 $516
Total Revenue $77,409 $82,407

Expenditures

Community-based programs and services $52,339 $50,459
Public education and advocacy $4,456 $3,330
Research $604 $555
Subtotal Program Expenditures $57,399 $54,344

Other Expenditures

Fund development $11,588 $12,184
Retail lottery and gaming operations $7,772 $7,351
Administration $2,353 $2,529
Other $1,293 $1,015
Subtotal Other Expenditures $23,006 $23,079
Total Expenditures $80,405 $77,423
Excess (deficiency) of revenue over expenditures $(2,996) $ 4,984
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