b'UKRAINIAN CANADIAN FOUNDATION OF TARAS SHEVCHENKOSUMMARIZED STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS YEAR ENDED MARCH 31, 2022OperationsCapitalDesignatedInternmentTotalTotal FundFundsFundsFund20222021REVENUEDonations$732,0172,791,268444,513-3,967,7982,267,058 Net investment revenue (Schedule 2)33,827596,764362,919608,5851,602,0956,593,566 Management fees180,017-180,017141,197 ProjectsKobzar Literary Award Program-1,900Mitacs13,526-13,52641,947Sundry11,23916011,3993,984 970,6263,388,032807,432608,7455,774,8359,049,652 EXPENSES (Schedule 3)906,88934,587-92,4161,033,892683,021 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENSES BEFORE OTHERITEMS63,7373,353,445807,432516,3294,740,9438,366,631 OTHER ITEMSCanada Emergency Wage Subsidy39,581-39,58179,124 Canada Emergency Rent Subsidy3,887-3,8873,571 Temporary Wage Subsidy -4,773 Investment costs(88,845)(51,898)(32,322)(52,310)(225,375)(203,811) Project expensesKobzar Literary Award Program(8,057)-(8,057)(9,505) Tryzub Gala(3,958)-(3,958)(1,434)Mitacs-(6,947) Grants and community support500(479,202)(839,054)(774,904)(2,092,660)(1,381,531) (56,892)(531,100)(871,376)(827,214)(2,286,582)(1,515,760) EXCESS (DEFICIENCY) OF REVENUEOVER EXPENSES6,8452,822,345(63,944)(310,885)2,454,3616,850,871 NET ASSETS, BEGINNING OF YEAR 1,162,82212,058,6296,895,94012,115,57432,232,96525,382,094 TRANSFERS412,864(346,589)(66,275)- NET ASSETS, END OF YEAR$1,582,53114,534,3856,765,72111,804,68934,687,32632,232,965 52SHEVCHENKO FOUNDATION ANNUAL REPORT / SHEVCHENKO FOUNDATION ANNUAL REPORT /53'