Sharing the Joy of Reading with an African Child

Financial Summary

Financial Statements

OCLF’s Fiscal year end is December 31st and financial statements are audited annually by Deloitte Chartered Accountants of Winnipeg, Manitoba, and are available upon request.

Annual information returns are available from Canada Revenue Agency’s website: 

OCLF’s charitable registration number is 88990 4264 R0001.

Revenue & Expenditures

All staff in Canada, including program director Kathy Knowles, are volunteers and this keeps administrative costs down. Administrative costs for 2010 (including fundraising, etc.) are 1% of total expenditures.

The charts below show a breakdown of OCLF’s income and expenditures for 2010: 

OCLF Income for 2010

90%      General Donations (mostly from individuals with some corporate and foundation support)

6.6%     OCLF-published book sales in Canada (proceeds from OCLF books sold in Ghana pay for national health insurance and annual bonuses for library staff ) 

3.4%     Government grants including the Wild Rose Foundation of Alberta and the Manitoba Council for International Cooperation

OCLF Expenditures for 2010

1%       Administration (office costs, fundraising, brokerage fees and website maintenance)

23.2%   Operations (operating expenses of libraries in Africa) 

.5%       Publishing books for African library use and Canadian sales

75.3%   Construction costs of new libraries