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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