MDCA is a non-profit organization, not a registered charity, operating to promote social welfare and civic improvement.  Revenue Canada has information on the distinction here but key information is included after our financial information.  

Annual Income

MDCA typically has annual income of less than $20,000.  For several years, most came from advertising sales for our newsletters.  MDCA also has  received grants and participated in other funding programs, or worked with other organizations as a partner or trustee.

Annual Expenses

The largest expense used to be the newsletter, over 7,000 delivered to all homes and businesses in our catchment three times a year.  Printing costs were about $6,000, and Canada Post charged about 11 cents for each delivery!  Now we use social media and email, and are re-introducing advertising.

Party by the Pond, our AGM, and participation in events like the Weston Santa Claus parade, civic debates and town halls consume most of the rest of our income, along with expenses like insurance, fees, and web hosting.

Board members are all volunteers.  MDCA returns thousands of dollars each year to the people and businesses of Mount Dennis as wages for the people who provide services, entertainment, and child care at our events.  We purchase printing and professional services locally.

Notes:    All amounts are based on returns to Revenue Canada prepared by CanAm CPA.

Since 2020, MDCA has acted as trustee for some group projects.  Portions of these funds continue to be held in trust, and are not reported here.  These projects and funds are reviewed by CanAm CPA Financial Services annually.  Financial transactions are reported to Revenue Canada  as exceptional items but do not have any impact on the financial position of MDCA.    

About Non-profit organizations

Non-profit organizations are associations, clubs, or societies that are not charities and are organized and operated exclusively for social welfare, civic improvement, pleasure, recreation, or any other purpose except profit.

Here are a few types of non-profit organizations and examples of each:

• social, recreational, or hobby groups (bridge clubs, curling clubs, and golf clubs)
• certain amateur sports organizations (hockey associations, baseball leagues, and soccer leagues)
• certain festival organizations (parades and seasonal celebrations)

Ontario legislation controlling Not For Profits changed recently.  MDCA has completed the necessary filings.

Our financial returns are prepared by the Can-Am CPA Professional Corporation,  1275 Jane St.   (https://www.canamtax.com)