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Lecture 13

Lecture #13 - Finance in the Not-for-profit Sector Typed Filled in notes for lecture 13 - unit 2 - Finance in the Not-for-profit Sector - The prof gives lecture notes with blanks which needs to be filled during the lecture, I have provided a filled in le


Department
Recreation and Leisure Studies
Course Code
REC101
Professor
Troy Glover
Lecture
13

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Finance in the Not-for-profit Sector
REC 101
October 22, 2010
Three Sources of Revenue
1. Government support or public sector support
Grants, contracts, and reimbursements for services to eligible third parties form all
level of governments
o Accounts for 51% (over half IMPORTANT ) of revenue in the Not-for-profit
sector in Canada
o Account for 39% ( after excluding IMPORTANT ) if you exclude hospitals and
colleges
2. Fees Income
Earned income from private payments for services, membership dues, service
charges, and investment income
o Accounts for 39% of revenue in the not-for-profit sector in Canada
o Accounts for 48% if you exclude hospitals and colleges
3. Philanthropy
Synonymous for “charitable giving”
Includes individual giving, foundation giving , and corporate giving
o Accounts for 9% of revenue in the not-for-profit sector in Canada
o Accounts for 12% if you exclude hospitals and colleges
Revenue in NPS ( know the highest , and the different after excluding )
Source
Culture
REC
All
Exclude UNI. COL.
HOSP
Government support
13%
18%
51%
39%
Fee income
46%
63%
39%
48%
Philanthropy
41%
19%
9%
12%
Note: an important skill is to make sure that the NPS gets income , a way of doing that is writing
IMPORTANT: fee income is the highest source in REC and not uni. Col. Hosp.
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