Landscape Ontario Jan/Feb 2025

FOUNDATION FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL POSITION

FUND BALANCES

YEAR END

YEAR END

YEAR END

YEAR END

AUG. 31, 2024

AUG. 31, 2023

AUG. 31, 2024

AUG. 31, 2023

ASSETS (CURRENT)

Bank

$240,061 $13,690 $253,751

$94,129 $34,649 $128,778

General Fund

$4,626

($24,367)

Accounts Receivable

Dunington-Grubb/Sheridan Nurseries Research Fund

$255,079 $448,233

$224,240 $383,283 $73,121 $85,555 $29,383 $178,486 $197,757 $64,612

LONG TERM Investments

$1,727,244

$1,704,225

Growers’ Group Research Fund

Investment-Vineland Consortium Accrued Interest Receivable

$57,711 $23,049

$57,711 $24,661

Ottawa Chapter Val Kirshner Scholarship Fund $86,053

Scholarship Fund

$99,752 $33,278 $208,732 $229,875 $75,560 $1,085 $12,182 $67,239 $14,336 $31,103 $11,462 ($2,542) $25,943 $5,387 $36,897 $13,015 $10,847 $9,763 $24,735

$1,808,004 $2,061,755

$1,786,598 $1,915,375

TOTAL ASSETS

Casey Van Maris Scholarship Fund IPM Symposium Research Fund Tony DiGiovanni Scholarship Fund John/Ruth Wright Scholarship Fund Horst Dickert Scholarship Fund

LIABILITIES (CURRENT) Accounts Payable & Accrued Charges

$88,950

$54,163

ACCUMULATED FUND BALANCES Fund Balances-Regular Funds Fund Balances-Special Projects

$0

$1,815,727 $157,078 $1,972,805

$1,513,714 $347,498 $1,861,212

JT Somerville Fund

$10,417 $288,911 $12,258 $26,596 $9,801 ($1,246) $22,184 $6,772 $31,550 $11,129

Highway of Heroes (TFL) Fund Unilock/Designers Group Fund

TOTAL LIABILITIES/FUNDS

$2,061,755

$1,915,375

Hensbergen/Degroot Scholarship Fund Russel/Karen Loney Scholarship Fund Cullen Family Scholarship Fund Robert/Ruby Allen Scholarship Fund

STATEMENT OF OPERATIONS & FUND BALANCES

YEAR END

YEAR END

1 Bench 1 Tree Fund

AUG. 31, 2024

AUG. 31, 2023

REVENUES Interest/Gains (Losses) Miscellaneous Research Grants Donations/Funding TOTAL REVENUE

Peter Olsen Scholarship Fund

$301,406

($193,312)

OJ Muller Memorial Scholarship Fund Steve Neumann Scholarship Fund Upper Canada Chapter Scholarship Fund

$0 $0

$0 $0

$0 $0 $0

$222,967 $524,373

$134,834 ($58,478)

Welcome Forest Fund

Neil Vanderkruk Innovation & Scholarship Fund $80,479

$68,818 $45,530 $51,815 $2,892 $62,715

EXPENSES Administration Fees/Expenses Disbursed as Research Grants Event/Sponsorship Expenses Disbursed as Scholarships

$22,976

$137,217 $69,927 $795,881 $57,900

Hortprotect Research Fund

$53,245 $59,717 $3,383 $73,343

$0

Cecil Delworth Fund

$305,604 $84,200 $412,780

Don Salivan Memorial Scholarship Fund Waterloo Chapter Scholarship Fund

TOTAL EXPENSES

$1,060,925

TOTAL FUND BALANCES

$1,972,805

$1,861,212

($1,119,404 $2,980,616 $1,861,212

EXCESS OF REVENUE OVER EXPENSES

$111,593

FUND BALANCES, BEGINNING OF YEAR $1,861,212

FUND BALANCES, YEAR END

$1,972,805

For information on the Foundation, including scholarship applications, supported research programs or to donate, visit OHTF.ca.

JANUARY - FEBRUARY 2025 | 15

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