Suncor Energy Foundation – Finaical Statements 2016
Suncor Energy Foundation Financial Statements December 31, 2016 :Suncor Energy Foundation Statement of Financial Position December 31, December 31, 2016 2015 $ $ Assets Cash and cash eqiuivalents 6,416,573 12,050,513 Receivable from Suncor Energy Inc. (Note 5) 776 GST and other receivable 7,285 13,149 Total assets 6,424,634 12,063,662 Liabilities Payable to Suncor Energy SeNices Inc. (Note 5) 44,164 65,232 Accounts payable .and accrued liabilities 350 18,430 Total liabilities 44,514 83,662 Net Assets Unrestricted net assets 6,380,120 11,980,000 6,380,120 11,980,000 Total liabilities and net assets 6,424,634 12,063,662 see accompanying notes Member Suncor Energy Foundation Statements of Operations and Changes in Net Assets December 31, December 31, 2016 2015 $ $ Revenues Contributions (Note 5) 10,164,489 4,500,000 Interest income 69,224 161,331 Total revenues 10,233,713 4,661,331 Donations Inspiring Innovation 2,953,025 3,068,525 Building Skills & Knowledge 3,397,500 4,358,584 Collaborating for Our Energy Future 1,064,000 1,609,000 Engaging Citizens 3,201,822 2,949,563 Cultivating Community Leaders 2,220,684 2,710,250 Local Relalionshie Investment 2,044,049 1,359,190 Total donations 14,881,080 16,055,112 Administration expenses (Note 5) Salaries and benefits 747,944 789,957 Professional services 60,580 42,215 Travel 13,975 17,278 Event projects 67,255 62,865 Communications 1,400 2,577 Rentals - office space and furniture 54,157 70,253 Miscellaneous 7,202 2,629 Total administration ex~nses 952,513 987,774 Total ex~nditures 15,833,593 17,042,886
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