Financial Information

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 KPMG LLP Chartered Professional Accountants.

What follows is an abridged version of our 2013-2014 financial highlights. Click here to explore our financials in their entirety.

Summarized Statement of Financial Position

(in thousands of dollars)
March 31, 2014, with comparative information for 2013

  2014 2013

Assets

Current assets $8,106 $5,637
Mortgage receivable $2,175 $2,175
Investments $33,070 $33,528
Capital assets $63,088 $62,121
Total Assets $106,439 $103,461

Liabilities, Deferred Contributions and Net Assets

Current liabilities $11,025 $12,940
Property loans $6,667 $4,663
Term loan $4,200 $5,625
Accrued pension liability $3,399 $5,150
Deferred contributions $22,761 $23,037
Subtotal Liabilities and Deferred Contributions $48,052 $51,415

Net assets

$58,387 $52,046
Total Liabilities, Deferred Contributions, and Net Assets $106,439 $103,461

Summarized Statement of Operations

(in thousands of dollars)
Year ended March 31, 2014, with comparative information for 2013

  2014 2013

Revenue

Support from the public $30,004 $29,285
Government funding towards programs and services $26,192 $22,021
Retail lottery and gaming operations $9,499 $9,605
Investment $5,337 $3,702
Fees for service $1,507 $1,508
Consumer products and assistive technology sales $3,926 $3,802
Other $5,426 $4,535
Gain on sale of capital assets $516 $2
Total Revenue $82,407 $74,460

Expenditures

Community-based programs and services $49,837 $52,106
Public education and advocacy $3,315 $4,045
Research $546 $997
Subtotal Program Expenditures $53,698 $57,148

Other Expenditures

Fund development $12,147 $13,765
Retail lottery and gaming operations $7,337 $7,312
Administration $2,377 $2,361
Other $1,016 $1,681
Subtotal Other Expenditures $22,877 $25,119
Total Expenditures $76,575 $82,267
Excess (deficiency) of revenue over expenditures $5,832 $ (7,807)
Back to top of page