#WeArePossibility FINANCIAL STATEMENTS 2014/15

On behalf of the Finance and Audit Committee of United Way of Peel Region, I am pleased to present the report for

the year ended March 31, 2015.

The 2014/15 audited financial statements reflect the collective efforts of our 3,300 dedicated volunteers who

contributed over 15,000 hours of their time and talents, and our generous donors who made more than 23,000

donations totaling $12.8 million .

Our job is to ensure your dollars are spent wisely and strategically to achieve desired results.

This achievement will support an integrated network of local agencies in the delivery of social services and programs,

and fund community grants and collaborations that will benefit vulnerable individuals and families living in Brampton,

Caledon and Mississauga.

Community investments are monitored by an experienced United Way community investment cabinet, allocations

committee and staff. All program and service funding requests must meet a strict set of performance criteria based

on the most current research. By focusing on the best people, latest research and innovative practices around

achieving measurable results, we maximize the impact of all contributions and the return on your investment.

Based on our audited financial statements, our cost of fundraising – which includes a portion of our operating cost –

was 19.2 per cent of our total revenue, excluding the allowance for pledge loss.

We are grateful for the ongoing support and counsel of the Board of Directors and our auditors, Grant Thornton LLP.

Respectfully submitted on behalf of the Finance and Audit Committee,

Michelle Cole, MBA Shirley Crocker, CPA, CGA

Treasurer, Finance & Audit Committee Vice President, Finance & Administration

OFFICERSBoard ChairJohn RussoPartner, Pallett Valo LLP

Vice ChairThomas Dyck, Vice ChairFinancial Services Senior Executive TreasurerMichelle ColeSenior Vice President, Sales & Marketing, PetHealth Inc.

SecretarySnigdha MalikFinancial Insights Prudent Decisions Past ChairJudy LintonVice President, Cancer & Diagnostic Services, Grand River Hospital

DIRECTORSAlan AldertonSenior Corporate RecruiterEdward Jones

Dr. Anil GuptaStaff Cardiologist, Medical DirectorTrillium Health Partners

Wayne HalendaManaging Director Structured Credit, CIBC

Mariam Hashmi*Manager, People and Change Consulting Practice, KPMG

Chuck Hounsell*Senior Vice President Real Estate Secured Lending TD Canada Trust

Ian MarshallSenior Legal ProfessionalBot Construction Group

Sadaf ParvaizInclusiveness ConsultantErnst & Young LLP

Serge Rochette, P.Eng.Vice President, Network ManagementRogers Communications

Motilall Sarjoo (Sarj)Past PresidentPeel Regional Labour Council

Narendra ShahPrincipal, Shah & Associates Health ConsultantsSenior Associate, Santis Health

Jeanie TheoharisAdjudicator/Liaison MemberLandlord and Tenant Board Central Region

Sven SpengemannVisiting professor and fellowGlendon School of Public and International Affairs

Joe VetroneVice President Integration & PlanningSuncor Energy

Shelley WhitePresident & Chief Executive OfficerUnited Way of Peel Region

2014/15 BOARD OF DIRECTORS

* Ex-Officio board members

On leave of absence

Financial Report

VIEW OUR 2014/15 ANNUAL REPORT ONLINE AT unitedwaypeel.org/communityimpact

Year ended March 31, 2015

Statement of Operations*

Revenue

Campaign revenueCentrally Coordinated Campaign (CCC)Ardglen Emergency Relief Fund Sponsorship

Total gross campaign revenue

Net pledge lossNet campaign revenue

Other income Total revenue

ExpendituresDonor designations distributed

Available for expenses, program funding and community investments

Fundraising expenses

Available for program funding and community investments

Program fundingCommunity Investments

Excess (deficiency) of revenue over expenditures

2015

12,650,7061,467,330

58,00414,176,040

95,769

14,271,809

(247,838)14,023,971

478,868

14,502,839

2,262,755

12,240,084

2,833,946

9,406,138

1,758,9127,423,3469,182,258

223,880

2014

12,914,8411,300,176

-14,215,017

82,941

14,297,958

(258,594)14,039,364

712,277

14,751,641

2,566,080

12,185,561

2,752,129

9,433,432

1,832,7127,947,1749,779,886

(346,454)

$ $

$ $

As at March 31, 2015

Statement of Financial Position*

AssetsCurrent

CashEstimated net pledges and donations receivableOther receivablesPrepaid expenses

Forever Fund investmentCapital assets

LiabilitiesCurrent

Payables and accrualsCommunity investments payableDeferred designation revenueDeferred special gift revenueDeferred grant revenue

Net AssetsInvested in capital assetsRestricted for endowment purposes - Forever FundInternally restricted net assetsUnrestricted net assets

2015

8,113,5095,842,742

188,683175,922

14,320,856

214,040393,222

14,928,118

524,3957,231,8252,181,3581,100,410

91,33911,129,327

393,222214,040

1,596,6361,594,8933,798,791

14,928,118

2014

5,771,6846,807,851

122,696167,802

12,870,033

200,862443,577

13,514,472

453,7347,227,1762,215,306

-56,523

9,952,739

443,577200,862

1,715,1531,202,1413,561,733

13,514,472

$

$

$

$

$

$

$

$

FINANCIAL STATEMENTS

FULL FINANCIAL STATEMENTS ARE ONLINE AT unitedwaypeel.org/communityimpact

* Excerpts from the audited financial statements

90 Burnhamthorpe Road West, Suite 408 | PO Box 58 Mississauga, ON L5B 3C3

Phone: 905-602-3650 | Fax: 905-602-3651 | TTY: 905-602-3653

info@unitedwaypeel.org | www.unitedwaypeel.org

/unitedwaypeel

OUR MISSIONTo improve lives and build community by engaging individuals and mobilizing collective action.

OUR VALUESOur values guide our decision-making and our work:

• Demonstrate integrity and transparency• Inspire volunteerism• Endorse collaboration and partnerships• Provide non-partisan leadership• Embrace inclusion and equity