Your Student money hard at work …. but NOT for you

Posted on by undercoverkity

Symbol of the Government of Canada

Canada Revenue Agency

www.cra.gc.ca

Charities and Giving > Charities Listings > Search

Schedule 6: Detailed Financial Information – THE PALIN FOUNDATION

Was the financial information reported below prepared on an accrual or cash basis? 4020 ACCRUAL
Statement of financial position
Please show figures to the nearest single dollar. See the Key Terms and Definitions for a definition of the terms used.
Assets:
Cash, bank accounts, and short-term investments 4100 $ 1,124,756
Amounts receivable from non-arm’s length parties 4110
Amounts receivable from all others 4120 $ 208,758
Investments in non-arm’s length parties 4130
Long-term investments 4140
Inventories 4150 $ 21,700
Land and buildings in Canada 4155
Other capital assets in Canada 4160 $ 9,686,799
Capital assets outside Canada 4165
Accumulated amortization of capital assets 4166 $ -2,543,074
Other assets 4170
Total assets (add lines 4100 to 4170) 4200 $ 8,498,939
Amount included in lines 4150, 4155, 4160, 4165 and 4170 not used in charitable programs 4250 $ 9,708,499
Liabilities:
Accounts payable and accrued liabilities 4300 $ 270,248
Deferred revenue 4310 $ 367,371
Amounts owing to non-arm’s length parties 4320
Other liabilities 4330 $ 6,894,427
Total liabilities (add lines 4300 to 4330) 4350 $ 7,532,046
Statement of operations
Revenue:
Total eligible amount of all gifts for which the charity issued tax receipts 4500
For all tax-receipted gifts received during the fiscal period please provide:
Total eligible amount of tax-receipted tuition fees 5610
Total eligible amount of tax-receipted enduring property 5640
Total amount received from other registered charities (excluding specified gifts and enduring property) 4510
Total specified gifts from other registered charities 4520
Total enduring property from other registered charities 4525
Total other gifts received for which a tax receipt was not issued by the charity 4530
Total revenue received from federal government 4540
Total revenue received from provincial/territorial governments 4550
Total revenue received from municipal/regional governments 4560
Total revenue received from all sources outside Canada 4575
Total interest and investment income received or earned 4580 $ 7,158
Gross proceeds from disposition of assets 4590
Net proceeds from disposition of assets (show a negative amount with brackets) 4600
Gross income received from rental of land and/or buildings 4610 $ 405,754
Non tax-receipted revenues received for memberships, dues, and association fees 4620 $ 2,224,727
Total non tax-receipted revenue from fundraising 4630
Total revenue from sale of goods and services (except to government) 4640 $ 1,497,695
Other revenue not already included in the amounts above 4650
Specify type(s) of revenue included in the amount reported at 4650 (e.g., dividends) 4655
Total revenue (add line 4500, 4510 to 4580, and 4600 to 4650) 4700 $ 4,135,334
Expenditures:
Advertising and promotion 4800
Travel and vehicle expenses 4810
Interest and bank charges 4820
Licenses, memberships, and dues 4830
Office supplies and expenses 4840
Occupancy costs 4850
Professional and consulting fees 4860
Education and training for staff and volunteers 4870
Total expenditure on all compensation (enter the amount reported at line 390 in Schedule 3 if applicable) 4880 $ 1,386,067
Fair market value of all donated good used in charitable programs 4890
Total cost of all purchased supplies and assets 4891 $ 2,245,670
Amortization of capitalized assets 4900 $ 322,338
Total expenditure for research grants and scholarships as part of charitable programs 4910
Other expenditures not included in the amounts above 4920
Specify type(s) of expenditures included in the amount reported at 4920 4930
Total expenditures before gifts to qualified donees (add lines 4800 to 4920) 4950 $ 3,954,075
Lines 5000 to 5030 represent a breakdown of the expenditures on lines 4800 to 4920. The total of lines 5000 to 5030 should equal line 4950.
Total expenditures on charitable programs 5000
Total expenditures on management and administration 5010
Total expenditures on fundraising 5020
Total expenditures on political activities, inside or outside Canada 5030
Total other expenditures included in line 4950 5040
Total amount of gifts (excluding enduring property and specified gifts) made to all qualified donees 5050
Total amount of enduring property transferred to qualified donees (excluding specified gifts of enduring property) 5060
Total amount of specified gifts made to qualified donees (including specified gifts of enduring property) 5070
Total expenditures (add amount from line 4950 and the amounts from lines 5050, 5060 and 5070) 5100 $ 3,954,075
Other financial information
Permission to accumulate property: Only registered charities that have written permission to accumulate should complete this question.
• Enter the amount accumulated for the fiscal period, including income earned on accumulated funds
5500
• Enter the amount disbursed for the fiscal period for the specified purpose we have permitted
5510
• Enter the amount deemed to be a tax-receipted gift for the fiscal period
5520
Enduring property and the capital gains pool
From the amount reported at line 4950, what is the fair market value of all enduring property spent during the fiscal period? 5710
Enter the capital gains from the disposition of enduring property in the fiscal period. Do not enter an amount reflecting a capital loss or a negative amount in this field. 5720
Is the charity claiming an amount that is less than the maximum capital gains reduction? 5730 No
If yes, enter the amount from line 11 of Form T1259, Capital Gains and Disbursement Quota Worksheet 5740
If the charity has received approval from the Charities Directorate to make a special reduction to its disbursement quota, enter the amount for the fiscal period. 5750
Property not used in charitable activities
Enter the value of property not used for charitable activities or administration during:
• The 24 months before the beginning of the fiscal period
5900
• The 24 months before the end of the fiscal period
5910

📂This entry was posted in Uncategorized

Comments are closed.