MDCA Financial Status

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.  Most comes from advertising sales for our newsletters, but we also have received government grants and participated in other funding programs, or work with other organizations.

Annual Expenses

The largest expense is the newsletter, over 7,000 of which are normally delivered to all homes and businesses in our catchment three times a year.  Printing costs are about $6,000, and Canada Post charges about 11 cents for each delivery!

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.

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 food service and child care at our events, as well as purchasing printing and professional services locally.

  

2017

2018

2019

Net Worth Jan 1

 

1,909

3,969

7,615

Income

 

 

  

Advertising

 

10,340

10,239

9,789

Grants and other income

 

9,543

15,704

9,370

     

Total Income

 

19,883

25,943

19,159

Expenses

    

Newsletters

 

9,182

8,842

8,997

Events

 

3,788

3,131

7,195

Other Expenses

 

1,250

11,449

1,704

     

Total Expenses

 

17,742

23,421

17,896

   Net Income

 

2,141

2,521

1,263

Net Worth Dec 31

 

3,969

7615

8,953

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)
MDCA organizes events, and also promotes the interests of the community.