b'UKRAINIAN CANADIAN FOUNDATION OF TARAS SHEVCHENKOSUMMARIZED STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS YEAR ENDED MARCH 31, 2023OperationsCapitalDesignatedInternmentTotalTotal FundFundsFundsFund20232022REVENUEDonations$380,049107,216235,2181,000723,4833,967,798 Net investment revenue (Schedule 2)(147,711)134,514(45,177)(105,478)(163,852)1,602,095 Management fees167,938-167,938180,017 Projects Kobzar Literary Award Program35,150-35,150-Tryzub Gala510,632-510,632- Mitacs-13,526 Sundry-11,399 946,058241,730190,041(104,478)1,273,3515,774,835 EXPENSES (Schedule 3)804,58038,014129,658972,2521,033,892 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENSES BEFORE OTHERITEMS141,478203,716190,041(234,136)301,0994,740,943 OTHER ITEMSCanada Emergency Wage Subsidy-39,581 Canada Emergency Rent Subsidy-3,887 Investment costs(94,632)(53,551)(30,503)(45,158)(223,844)(225,375) Project expenses Kobzar Literary Award Program(77,956)-(77,956)(8,057)Tryzub Gala(164,385)-(164,385)(3,958)Mitacs Grants and community support(82,950)(357,936)(76,786)(697,131)(1,214,803)(2,092,660) (419,923)(411,487)(107,289)(742,289)(1,680,988)(2,286,582) EXCESS (DEFICIENCY) OF REVENUEOVER EXPENSES(278,445)(207,771)82,752(976,425)(1,379,889)2,454,361 NET ASSETS, BEGINNING OF YEAR 1,582,53114,534,3856,765,72111,804,68934,687,32632,232,965 TRANSFERS209,947(320,717)110,770 NET ASSETS, END OF YEAR$1,514,03314,005,8976,959,24310,828,26433,307,43734,687,326 52SHEVCHENKO FOUNDATION ANNUAL REPORT /'