Financial Statements

The YMCAs of Québec

STATEMENT OF OPERATIONS

2020 2019
REVENUE $43 018 600 $62 393 782
Program activities $8 038 675 $30 546 339
Fees for services and government grants $18 457 069 $24 738 163
Canada Emergency Wage Subsidy $9 365 448 -
Grants for installations and rents $3 067 940 $3 589 174
Donations from the YMCAs of Québec Foundation $1 076 693 $1 341 865
Contribution of Centraide of Greater Montreal $2 073 468 $1 883 918
Management fees (partnership YMCA Saint-Roch) $695 690 -
Investment income $243 617 $294 323
EXPENSES $40 965 514 $58 734 217
Salaries and social benefits $27 171 967 $36 712 367
Occupancy $7 170 889 $10 213 285
Programs and administration $6 622 658 $11 808 565
EXCESS OF REVENUE OVER EXPENSES BEFORE OTHER ELEMENTS $2 053 086 $3 659 565
Net amortization $1 900 959 $2 182 350
Interest and financing costs $212 363 $246 370
EXCESS OF REVENUE OVER EXPENSES BEFORE EXTRAORDINARY ELEMENTS ($60 236) $1 230 845
Disposal and write-off of capital and intangible assets $7 882 056 -
EXCESS OF REVENUE OVER EXPENSES $7 821 820 $1 230 845