We are committed to finding a cure for WM.

2008 Financials

Waldenstrom’s Macroglobulinemia Foundation of Canada

2008 Financial Statements


Waldenstrom’s Macroglobulinemia Foundation of Canada
Balance Sheet
As at December 31, 2008
2008
ASSETS
Current assets:
Cash in bank $  50,489
Certificate of deposit 50,000
Total $100,489
RETAINED SURPLUS
Allocation of funds on hand:
Research fund $  59,647
Member services fund 40,842
Total $100,489

Approved on behalf of the Board:

signed
Arlene Hinchcliffe . . . . . . . . Director and President

Jeff Atlin . . . . . . . . . . . . . . . Director and Treasurer

 


Waldenstrom’s Macroglobulinemia Foundation of Canada
Statement of Revenue and Expenses
For the year ended December 31, 2008
2008
Revenue:
Donations received during the year $90,168
Expenses:
Payment to International Waldenstrom’s
Macroglobulinemia Foundation (IWMF)
for member services
22,224
Fundraising Expenses 10,200
Bank and credit card service charges 1,869
Stationery, office supplies, postage, etc. 1,100
35,393
Excess of revenue over expenses for the year: $54,775

Waldenstrom’s Macroglobulinemia Foundation of Canada
Statement of Retained Earnings
For the year ended December 31, 2008
2008
Balance, beginning of year: $  45,714
Excess of revenue over expenses for the year: 54,775
Balance, end of year: $100,489

Waldenstrom’s Macroglobulinemia Foundation of Canada
Notes to the Financial Statements
December 31, 2008

  1. ACCOUNTING POLICIES
    • Donations are recorded as revenue when received. Expenses are recorded on an accrual basis as incurred. For the year 2008, deposits and payments up to January 2, 2009 have been recorded and treated as outstanding items pertaining to 2008.
  2. INCORPORATION
    • The WMFC was incorporated as a corporation without share capital under the Laws of Ontario on October 5, 2001. It received notification of registration as a charity under the provisions of the Income Tax Act effective December 27, 2002. It commenced operations in 2003.
  3. STATUS
    • The WMFC has been designated as a charitable organization for purposes of the Income Tax Act (149(I)(f)).
  4. OBJECTS
    • The objects of the WMFC are:
      • To receive and maintain a fund or funds and to apply all or part of the principal and income therefrom, from time to time, for charitable purposes, and in particular for the following charitable purposes:
        1. to undertake public education, family support services, dissemination and publication of information about Waldenstrom’s Macroglobulinemia disease, and to coordinate medical care and social services for persons suffering from Waldenstrom’s Macroglobulinemia
        2. to promote and provide funds for research in the cause, control and cure of Waldenstrom’s Macroglobulinemia