Financials

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Below are the consolidated annual financial statements of CNEWA.

In 2018, CNEWA adopted new accounting standards developed and required by the Financial Accounting Standards Board.

These include the reduction in the number of categories of net assets from three to two, and the clarification of how to distinguish costs associated with program, fundraising and general management.

Click here to review the financial statements for CNEWA’s Canada office.

Revenue	Without Restrictions	With Restrictions	2018 Total
Contributions	$5,984,589	$5,760,947	$11,745,536
Grants from funding agencies	27,735	6,770,068	6,797,803
Collections	1,654,649	–	1,654,649
Legacies and bequests	4,202,775	1,156,845	5,359,620
Investment return	850,478	959,593	1,810,071
Contributed services	207,156	–	207,156
Net assets released from restrictions	13,262,245	(13,262,245)	–
Total Revenue	$26,189,627	$1,385,208	$27,574,835

Expenses	Without Restrictions	With Restrictions	2018 Total
Program services –			$6,622,788
Accompanying the church	$6,622,788	–	13,285,015
Responding to human needs	13,285,015	–	1,428,854
Public awareness	1,428,854	–
Total program services	21,336,657	–	21,336,657
Support service –
Management and general	2,124,168	–	2,124,168
Fund-raising	2,585,359	–	2,585,359
Total support services	4,709,527	–	4,709,527
Total Expenses	$26,046,184	–	$26,046,184

Net Assets	2018 Total
Undesignated	$15,324,561
BD designated	6,614,902
Plant	3,730,189
Without donor restrictions	25,669,652
With donor restrictions	30,044,945
Total Net Assets	$55,714,597

Audited Financial Statements