Financial Summary
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 2011 (including fundraising) are 1% of total expenditures.
The charts below show a breakdown of OCLF’s income and expenditures for 2011*:
* 2012 figures are available in June 2013
OCLF Income for 2011
89% General Donations (mostly from individuals with some corporate and foundation support)
7% Canadian OCLF-published book sales (proceeds from sales in Ghana pay for national health insurance and bonuses for library staff )
4% Government grants including the Wild Rose Foundation of Alberta and the Manitoba Council for International Cooperation
OCLF Expenditures for 2011
1% Administration (office costs, fundraising, brokerage fees and website maintenance)
45% Operations (operating expenses of libraries in Africa; please note that salaries and utility payments are paid from local government sources )
22% Publishing books for African library use and Canadian sales
32% Construction costs of new libraries (this figure varies considerably from year to year depending on what construction projects are underway)