Our financials
Statement of operations and changes in net assets
Fiscal year 2024, with comparative information from Fiscal year 2023
| FY 2022 | FY 2023 | ||
|---|---|---|---|
| Revenue: | Operating1 | $3,264,347.28 | $3,413,164.24 |
| Scholarship/Awards2 | $95,000.00 | $182,609.06 | |
| JMVFH3 | $60,772.84 | $5,741.09 | |
| Undirected donations | $1,500.00 | $162,267.23 | |
| Research funds4 | $3,006,245.62 | $1,726,612.97 | |
| $6,427,865.74 | $5,490,394.59 | ||
| Expenses: | Operating1 | $5,488,881.35 | $3,469,466.30 |
|---|---|---|---|
| Scholarship/Awards2 | $90,326.98 | $100,809.06 | |
| JMVFH3 | $0.00 | $0.00 | |
| Undirected donations | $0.00 | $150,767.23 | |
| Research funds4 | $2,686,249.94 | $1,162,190.51 | |
| $8,265,458.27 | $4,883,233.10 | ||
| Net operating surplus (deficit)5 | -$1,837,592.53 | $607,161.49 | |
Notes
1Includes CIMVHR Forum and Veteran Affairs Canada (VAC) funding.
2Includes Wounded Warriors, Legion Masters, Legion Doctoral, and Zamorski Award scholarships
3Journal of Military, Veteran and Family Health
4Includes Public Service Procurement Canada (PSPC), IBM Canada, Legacy Place, CFN, Legion Book Project, True Patriot Love Foundation, WarAmps, and SRP funds. These funds are for identified research projects.
5Net operating surplus is restricted based on funding/project agreements