Friday, 9 January 2015

The Financial Health of Canadian Genealogical Societies

Each year organizations federally registered as charities in Canada for tax purposes are required to file T3010 returns with the Canada Revenue Agency. Part of the return, including financial information, is available on the Revenue Canada website.

In previous years I've posted at summary around September based on reports for the previous fiscal year. Last year (2014) I deferred the reports for 2013 as that for BIFHSGO had not been posted by CRA. As of January 8 2015 the BIFHSGO report for 2013 is still not available at http://goo.gl/M39K4y. Why?

The Alberta Genealogical Society 
Total assets of $606,312 ($540,282), and liabilities of 257,883 ($200,592). The total revenue was $229,344 ($254,380) of which the major component was revenue received from the provincial government of $115,877 ($140,322). Expenditures totaled 250,276 ($218,231), the total expenditure on management and administration being $122,284 ($124,320). The membership fee remained at $50.

British Columbia Genealogical Society
Total assets of $203,542 ($203,016) and liabilities of $9,268 ($10,085). Total revenue was $27,625 ($24,783). Expenditures totaled $24,991 ($22,502). The individual annual membership fee remained at $45.00

British Isles Family History Society of Greater Ottawa 
No report.  The individual membership fee for 2013 was $40, an increase from $35.

Family History Society of Newfoundland and Labrador Inc
Newly incorporated as a charity 2013 was the first report filed. Total assets were $43,130 and liabilities $15,867.  Total revenue of $35,226 and expenditure $32,525 including $3,200 on management and administration. The membership fee is $42 per year in 2015.

Manitoba Genealogical Society
Total assets of $55,341 ($50,743) and liabilities of $19,157 ($22,458). Total revenue was $47,727 ($60,780). Expenditures totaled $48,942 ($59,162) of which management and administration accounted for $6,298 ($4,442). The individual membership fee was $40.

New Brunswick Genealogical Society 
Total assets of $182,016 ($194,048) and liabilities of $13,224 ($21,542). Total revenue was $33,846 ($37,121). Expenditures totaled $39,396 ($36,974). The individual annual membership fee remained at $35.00

Genealogical Association of Nova Scotia
GANS had total assets of $307,796 ($303,274) and no reported liabilities. Total revenue was $45,693 ($32,549). Total expenditures were $44,703 ($30,717). The Association's annual membership fee remained at $30.00.

Ontario Genealogical Society
Total assets of $2,486,135 ($2,324,973) of which 1,751,336 ($1,480,530) was held as cash bank accounts and short-term investments. Liabilities totaled $263,728 ($246,412). Total revenue was $680,411 ($ 621,393) including $283,838 ($297,991) from memberships. Expenditures totaled $602,563 ($617,151) of which $134,835 ($136,994) was spent on management and administration. The membership fee for 2015 is $63 plus fees for any branch or special interest group membership.

Québec Family History Society
Total assets of $53,800 ($65,742) of which $48,537 ($49,056) was held as cash bank accounts and short-term investments. Liabilities totaled $5,111 ($7,899). Total revenue was $44,095 ($ 60,623) the largest component of which, $29,775 ($34,440) was for memberships. Expenditures totaled $50,878 ($47,420) including $25,600 ($28,886) for occupancy costs. There were no costs for management and administration. The annual fee, $65 in 2013, is $75 in 2015.

Saskatchewan Genealogical Society
Total assets of $106,334 ($46,921). Liabilities totaled $125,662 ($65,054). Total revenue of  $256,667 ($261,767) included $160,600 ($146,050) from provincial government sources. Expenditures of $268,140 ($262,316) included $210,702 ($170,572) for management and administration. Basic membership for 2015 is $50.

Victoria Genealogical Society
Total assets of NA ($24,786) and liabilities NA (0). Total revenue was $40,412 (NA). Expenditures totaled $42,629 ($35,790). Individual annual membership remained $50.

Note
The Quebec Family History Society continues with the highest annual membership fee ($75), the Genealogical Society of Nova Scotia the lowest ($30).


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