Report from the Board - Amazon Web Servicessocialventurepartners.org.s3.amazonaws.com/www... ·...

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______________________________________________________________________________ svpcalgary.org 1 Annual Report 07/08

Report from the Board The 2007-08 year saw SVP Calgary celebrate its 7th year in our city. We also participated in the celebration of the 10th year of the SVP model, held October 2007 in the founding city of Seattle. In our first seven years, SVP Calgary has invested 1.4 million dollars of partner donations into 14 community organizations. We have seen 9 investees graduate from our funding, most of them advancing their organizational capacity to new levels of service. The partnership should be proud of the thoughtful and innovative ways our money has been invested and even more so of the wonderful contributions of “self” made by our volunteers. While it is hard to quantify the dollar value of these efforts, our investees consistently state that the impact of our volunteer efforts exceeds that of the purely financial support. We have had a significant impact on their growth and sustainability. Mission accomplished and kudos to our Lead Partners for all their hard work. The year brought its share of challenges as well, as our partner numbers declined and some external seed funding that supported operating costs came to an end. Your Board focused on these issues over the past year. Thanks to the hard work of our staff and generosity of partners, we were able to achieve our dual mission of education and capacity building and balance our budget. To continue sharing the SVP experience as community builders, we must engage ourselves both in our investees and SVP Calgary itself. As ambassadors of the model, we need to be sure to share this opportunity with like-minded people so that our organization, like our investees, flourishes and strengthens our community. Thank you to all our partners who introduced new people to SVP Calgary this past year. In the coming year, our goal is to increase our membership and locate other financial support of philanthropy development, to ensure continued success of SVP Calgary. Thank you from the Board to all our partners for your efforts to build a strong network of new philanthropists for the future of Calgary. Krystyna Williamson, Chairman

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______________________________________________________________________________ svpcalgary.org 2 Annual Report 07/08

Partnership Update

Our total partnership at year’s end was 48 partner units, representing 76 individuals. Within that group, we had 7 Lead Partners, 7 Investment Committee members, 8 Board members and numerous attendees at various Chew On This! Events. In addition, we had partners volunteering to assist investees with specific capacity-building projects. Our goal moving forward is to increase our partner base, in order to increase our granting capacity as well as the number of actively engaged Calgarians helping to build a stronger community for us all.

Investment Committee 2007-2008

The 2007/08 Investment Committee was chaired by Michele Dauphinee who was joined by partners Jackie Pyke, Marilyn Weber, Deborah Alexander, Eric Galcher, Carol Byler and Peter Johnson. The highlight of the Get Smarter sessions was a panel discussion with Pediatrician, Dr. Janice Heard, Constable Garret Swihart with the Youth Education department of the Calgary Police Service and Greg Verhappen, Principal at the Don Bosco school. This eye-opening session left a lasting impact on the group, helping us define the focus of our new grant applications: organizations that provide services to at-risk children or youth through community based programs. 25 applications were reviewed, and 3 organizations were short-listed to submit full proposals and conduct site visits. The committee visited:

EvenStart for Children’s Society - provides needed programs for 'at-risk', 'traumatized', and economically-disadvantaged children

Milican – Ogden Community Association (MOCA) - operates a Youth Drop – In Centre Program for children and youth aged 12 to 17 living in the Ogden and Riverbend communities.

NeighbourLink Calgary - focuses on the prevention of homelessness and family breakdown by providing resources to at-risk families before they ‘drop through the cracks to the street’ While all three agencies were well-deserving, the unanimous choice for the committee was EvenStart. The compelling work of this impressive agency inspired both Jackie Pyke and Marilyn Weber to volunteer as co-lead partners. The committee also reviewed our existing Investees and made recommendations on their re-grants. Total grants disbursed were $150,248.00 to our investees. Thanks to the committee for their hard work and fabulous outcomes. Michele Dauphinee, Chairman, Investment Committee 07-08

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______________________________________________________________________________ svpcalgary.org 3 Annual Report 07/08

SVP Kids 2007-2008

The Board unanimously acknowledged the importance of our SVP Kids program in our set of activities this past year at our planning session. In addition, a panel presentation was made at the Seattle SVPI conference, highlighting the work of this group and the methods used here to involve our children in philanthropy. SVP Calgary’s program is unique in the network as we include much younger children and provide a more diverse set of educational opportunities than other programs. This past year the group, led by partners Tanya Zumwalt, Joanne Carry and Sue Finley, focused on international issues. They held a fundraising family dance, packed shoeboxes for Samaritan’s purse, organized a seniors’ Christmas tea party, and made donations and volunteered at the Calgary Food Bank. The group also organized a successful pen pal campaign to children in Ethiopia and had an educational session on the issue of water supply in Haiti. The granting process met with representatives from the International Red Cross, an orphanage in India and a school in Africa. The children were able to use the $1500 they had raised to fund two projects, in India and Africa.

Education Series: Chew On This!

Our partner education series continued to be a great success this year. The opportunity to share and learn about the field of philanthropy is one of our missions and the informal gatherings in partners’ homes have proved a popular way to do it. This year, partners had the opportunity to meet with local philanthropists Brett Wilson and Harley Hotchkiss to hear what motivated them to participate in their community and how they achieved their goals. We had the chance to reflect on involvement with non-profit boards and the benefits of volunteering in the sector at that level. We also turned our sights on international philanthropy, meeting the women behind Canadian Women for Women in Afghanistan and learning of the often dangerous work they fund overseas. We continued to focus on the world with a book club reviewing John Woods’ memoir “Leaving Microsoft to Change the World”. Mr. Wood was subsequently a guest speaker at the SVPI conference in Cleveland and recently brought his organization to Calgary, so it was wonderful to see our program on the cutting edge of philanthropy development once again. Thank you to all the partners who hosted events and to those who came out and joined the discussions.

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______________________________________________________________________________ svpcalgary.org 4 Annual Report 07/08

Agency Name: Souper Stars, The Community Kitchen Program of Calgary

Mission Statement: Working with communities to help people learn to feed themselves in an economical, nutritious and sustainable manner, providing food in emergency situations, and creating a supportive network for participants of the programs.

Programming Overview: Souper Stars was created in 2002 in response to the need in the Calgary community to help combat the startling statistics of child obesity and child hunger. The poverty rate in Canada's children had at that time risen to one in five. Currently over 30,000 children per day go to school without a lunch. The Souper Stars Program teaches children in grades 4 to 6 how to attain a safer and healthier lifestyle. The program covers personal hygiene, basic nutrition, kitchen and food safety, grocery shopping, etiquette and vegetable and lunch preparation. In a series of eight weeks taught to 30 classes in twenty Calgary public, Aboriginal and separate schools each year, children actively participate in simple food preparation, learn how to make healthy food choices and to feel more confident in the kitchen.

Years as Investee: 4 years

Current Grant: Graduating Total Grants: $71,000 Lead Partner: Frank Mele

Capacity Building Projects in 2007-2008: 1. Mission/vision/strategic planning session for long term sustainability 2. Financial/budgeting planning session for organizational sustainability

SVP Calgary welcomes the Souper Stars team to our Alumni Group!

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______________________________________________________________________________ svpcalgary.org 5 Annual Report 07/08

Agency Name: Calgary Urban Vibe

Mission Statement: Calgary Urban Vibe is an online community for youth, by youth, dedicated to connecting youth to youth, connecting youth to resources, and giving youth a voice online.

Programming Overview: In 2001 the Calgary Children’s Initiative brought together youth and partner agencies to create Urban Vibe as a response to an identified need for youth to have access to reliable information on programs and services relating to teens in Calgary. The website provides such things as an online services directory, events calendar, contests, volunteering opportunities, employment assistance, and the TeenLine. The site strives to increase the level of connections youth have to their community and to provide a safe forum for youth to share ideas, opinions, creativity and self-expression.

Years as Investee: 5 years Current Grant: $20,000 Lead Partner: Alli Marshall

Capacity Building Projects in 2007-2008: 1. Strategic planning sessions 2. Professional marketing consultation 3. Sourcing additional funds 4. Volunteer Management development 5. Web traffic analysis

Capacity Building Projects in 2008-2009: 1. Recruiting new steering and resource committee members 2. Expansion of community partnerships 3. Launch and promotion of new web site 4. New sources of funding 5. Program design evaluation 6. Links to SVP Kids

Volunteer Needs: • Referrals to other organizations that utilize youth volunteers to contribute to Calgary

Urban Vibe by providing videos, quotes, short stories, photos… • Adult volunteers to serve as mentors with skills in journalism, marketing, video

production, acting, photography, digital media • Youth volunteers (age 14-21) to join the steering committee or who want to create

content for the web site

Impact Statement: “With the help of SVP, Calgary Urban Vibe has been able to adapt with youth culture and better engage young people in Calgary. The financial contributions of SVP have allowed us to change and evolve our means of communication to create an important impact on young people. But equally as important is the involvement of our Social Venture Lead Partners, Shaun and Alli, who bring with them not only a passion for communication and strategic thinking but also a concern that young people have a place to learn, to be heard, and to discover their potential.”

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______________________________________________________________________________ svpcalgary.org 6 Annual Report 07/08

Agency Name: Brown Bagging for Calgary’s Kids Mission Statement: To offer children and youth in need hope and opportunity through the provision of essential nutrients necessary for healthy growth and development and to act as a catalyst in the development of community based solutions to break down barriers caused by malnutrition. Programming Overview: Two major programs were merged into “Feed Kids” which provides lunches to 67 schools, 2 alternative programs and helps 5 pilot projects and CUPS, Side Door, Alpha and Exit These lunches are, for some children, the only healthy meals of the day. Years as Investee: 4 years Current Grant: $35,000

Lead Partner: Craig Stanford

Capacity Building Projects in 2007-2008:

1. Development of marketing materials 2. Operational Guidance 3. Funding consultations 4. Policy development 5. Volunteers assisted in a public marketing day

Capacity Building Projects in 2008-2009:

1. BB4CK launched the makeityourproblem.ca website and campaign on November 3rd, 2008 with the assistance of numerous SVP partners.

2. Support materials, press releases and venue management was coordinated by an SVP partner

3. Support and reinforcement materials were designed, prepared and continue to be distributed featuring 2 SVP partner’s families and their efforts to make it their problem.

4. An exciting and overwhelming response to the campaign continues to flow in and phase 2 is being planned for January 2009.

Volunteer Needs:

• Community ambassadors to manage venues during campaign and in-school presentations

• Participation in “New Conversation” evenings • Media relations • Corporate relations • Website management

Impact Statement: “Financial resources provided by SVP Calgary allowed us to create an infrastructure with the Kids Help Kids campaign and subsequent Make It Your Problem initiative that has acted as an evolution of engagement tool. SVP’s courage to fund a message rather than a concrete purchase or program has allowed BB4CK to be more entrepreneurial in our approach. SVP Calgary trusted us to excel.”

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______________________________________________________________________________ svpcalgary.org 7 Annual Report 07/08

Agency Name: Connections Counselling and Consulting Foundation

Mission Statement: Empowering individuals through ongoing education, programs and advocacy; ongoing family support to parents with an intellectual disability and their children; and counseling to person with an intellectual disability, their families and their caregivers.

Programming Overview: Connections Counselling provides in-home parenting education and support to intellectually disabled adults raising children. They also provide workshops and counseling assistance to the families.

Years as Investee: 3 years Current Grant: $40,000 Lead Partners: Houman Mahallati

Capacity Building Projects in 2007-2008: 1. Strategic Planning Process implemented and vision statement developed 2. Staff participating in Fund Development training at CentrePoint 3. Human Resources assistance in reviewing creation of health benefits system 4. Marketing materials developed 5. Outcomes measurement system developed to evaluate programming impact 6. Assistance in relocation of facilities

Capacity Building Projects in 2008-2009: 1. Review Strategic Plan 2. Fund Development 3. Review Benefits 4. Develop Case for Support 5. Continue to build on Academic and Interagency relationships that have started

being built in 2008.

Volunteer Needs: • Board members

• Marketing strategy assistance

• Human Resource Expertise

Impact Statement: “All of this (SVP's support) continues to move us forward as we build capacity and a stronger foundation as an organization. The passion for our work has always been central, however building skill sets and capacity in all of these areas helps to fuel that passion. This in turn motivates the staff and board with the end result being stronger programs for the benefit of the client families we support.”

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______________________________________________________________________________ svpcalgary.org 8 Annual Report 07/08

Agency Name: Calgary Youth Justice Society

Mission Statement: The Calgary Youth Justice Society, through a community-development approach, contributes to the success of Youth Justice Committees by providing fundamental support through public awareness, resources, training and guidance.

Programming Overview: Youth Justice Committees gather at community centers and police stations throughout Calgary to meet with young offenders and their parents or guardians. As well as administering consequences which hold the youth accountable for their actions, Youth Justice Committee members also have more of an opportunity to look at the youth in front of them as an individual, and to come up with a plan that will link the youth back into services and programs within their own community. If the youth is participating in programs in their community or helping others in their community, they will feel more connected to the area in which they live, and less likely to commit crimes there. The Society oversees, trains, and coordinates the committees throughout Calgary.

Years as Investee: 2 years Current Grant: $35,000 Lead Partner: Carol Byler/ Christina Forsyth

Capacity Building Projects in 2007-2008: 1. Improved financial reporting systems 2. IT consultation on improving efficiency through technology 3. Developed educational and marketing tools

Capacity Building Projects in 2008-2009: 1. Diversification of revenue 2. Investment Strategy review and Financial Forecasting 3. Develop Board Fundraising skills 4. Strategic Planning 5. Staff Succession Planning 6. Capturing and managing intellectual property of organization

Volunteer Needs: • Financial and investment consulting/forecasting advice • Marketing and fundraising • Database investigation and guidance • Annual business plan preparation

Impact Statement: “Financial support and the sharing of knowledge, skills and abilities through our SVP partnership is important, but what has truly made a significant contribution to our organization is the feeling that someone cares enough about what we do, to personally share in our passion. The value of this kind of investment can’t be measured. It goes beyond increasing our capacity; the relationship with our SVP partner has elevated our confidence to a new level. Webster defines “BELIEVE” as having a “firm conviction as to the goodness, efficacy, or ability of something”. This is how our SVP partner has most strengthened our organization. She believes in our abilities as individuals, and our unlimited potential as an organization; and with that, we can do anything.”

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______________________________________________________________________________ svpcalgary.org 9 Annual Report 07/08

Agency Name: EvenStart

Mission Statement: Our mission is to give ‘at-risk’ children ages 3-5, who are economically and emotionally disadvantaged, the educational, therapeutic, nutritional, and nurturing support necessary to gain an ‘even start’ in their lives prior to Grade school entrance.

Programming Overview: The children served by EvenStart are from homes challenged by poverty, neglect, abuse, or domestic violence. Most of these children have experienced some form of childhood trauma. The programs serving these children and their families have been located close to their communities. EvenStart operates out of three sites in Calgary (SW, Central, NE), serving close to 200 children in total. They provide a centre-based educational and treatment program with additional services including transportation and meal provision. EvenStart provides speech, language and occupational therapy and psychological counseling delivered by on-site professionals qualified to work with developmentally delayed children. The children at EvenStart are, on average, 70%-90% behind their peers in over half of their growth areas. If these children stay with the program until they are five years old, the gap can be closed to within 10% of their peers by the time they enter Grade school.

Years as Investee: New Grant

Current Grant: $25,000

Lead Partner: Jackie Pyke/ Marilyn Weber Capacity Building Projects in 2007-2008: As our involvement with our new Investee increases we will begin identifying these projects.

Volunteer Needs::::

• Urgently requires assistance to prepare Christmas hampers for students’ families

• On April 27/28, 2009 Casino volunteers are required.

Impact Statement:::: “The SVP Grant is unique in that it promotes concrete realization of

program goals through a financial grant and an invaluable adjunct in terms of the 'loan' of human capital! The resources provided by SVP Volunteers, can provide us a needed boost of ingenuity and access to a wider repository of talent and competencies.”

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AUDITOR’S REPORT

To the Members and Directors of Social Venture Partners Calgary Ltd:

I have audited the statement of financial position of Social Venture Partners Calgary Ltd. (theCompany) as at June 30, 2008 and 2007, and the statement of revenue and expenses and net assetsunrestricted for the years then ended. These financial statements are the responsibility of theCompany’s management. My responsibility is to express an opinion on these financial statementsbased on my audit.

I conducted my audit in accordance with Canadian generally accepted auditing standards. Thosestandards require that I plan and perform an audit to obtain reasonable assurance whether thefinancial statements are free of material misstatement. An audit includes examining, on a test basis,evidence supporting the amounts and disclosures in the financial statements. An audit also includesassessing the accounting principles used and significant estimates made by the management, as wellas evaluating the overall financial statement presentation.

In my opinion, these financial statements present fairly, in all material respects, the financial positionof the Company as at June 30, 2008 and 2007, and the results of its operations for the years thenended in accordance with Canadian generally accepted accounting principles.

Calgary, Alberta Sylvia F. DeLauretis Professional Corporation,October 14, 2008 Certified Management Accountant

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SOCIAL VENTURE PARTNERS CALGARY LTD.STATEMENT OF FINANCIAL POSITION

JUNE 30, 2008 AND 2007

2008 2007ASSETS

CURRENT Cash $ 54,143 $ 24,016 Investments 71,117 79,672 Accounts receivable 1,800 - Goods and Services Tax receivable 1,298 448 Prepaid expenses 1,070 -

$ 129,428 $ 104,136

LIABILITIESCURRENT Accounts payable and accrued liabilities $ 13,370 $ 16,359 Deferred contributions (note 3) 59,840 13,350

73,210 29,709

NET ASSETSUNRESTRICTED (note 4) 56,218 74,427

$ 129,428 $ 104,136

APPROVED BY THE BOARD:

SOCIAL VENTURE PARTNERS CALGARY LTD.

_________________________________, __________________________________,Krystyna Williamson, Chairperson Keenan Cannady, Treasurer

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SOCIAL VENTURE PARTNERS CALGARY LTD.STATEMENT OF REVENUE AND EXPENSES

AND NET ASSETS UNRESTRICTEDFOR THE YEARS ENDED JUNE 30, 2008 AND 2007

2008 2007

REVENUE Partners’ contributions and other donations $ 278,644 $ 291,796 Interest income 5,316 3,371 Gain (loss) realized on disposal of securities, net (1,963) (1,789)

281,997 293,378

EXPENSES Grants issued to investees (note 6) 164,498 173,476 Program operations 81,696 104,481 Administration costs 54,012 50,285

300,206 328,242

EXCESS REVENUE OVER (EXPENSES) (18,209) (34,864)

NET ASSETS UNRESTRICTED, beginning of year (note 4) 74,427 109,291

NET ASSETS UNRESTRICTED, end of year (note 4) $ 56,218 $ 74,427

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SOCIAL VENTURE PARTNERS CALGARY LTD.STATEMENT OF CASH FLOWS

FOR THE YEARS ENDED JUNE 30, 2008 AND 2007

2008 2007

Cash flows from (used for) operating activities Excess of revenue over (expenses) for the year $ (18,209) $ (34,864)Change in non-cash working capital: Investments 8,555 (7,984) Accounts receivable (1,800) 575 Goods and Services Tax receivable (850) 948 Prepaid expenses (1,070) - Accounts payable and accrued liabilities (2,989) 3,213 Deferred contributions 46,490 (5,190)

Net cash from (used for) operating activities 30,127 (43,302)

Net cash from financing activities - -

Net cash used for investing activities - -

INCREASE (DECREASE) IN CASH FOR THE YEAR 30,127 (43,302)

CASH, beginning of year 24,016 67,318

CASH, end of year $ 54,143 $ 24,016

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SOCIAL VENTURE PARTNERS CALGARY LTD.NOTES TO THE FINANCIAL STATEMENTS

JUNE 30, 2008 AND 2007

1. PURPOSE OF ORGANIZATION

Social Venture Partners Calgary Ltd. (the Company) is a not-for-profit registered charitableorganization incorporated on February 8, 2002 under the Companies Act of the Province ofAlberta, and received registered charitable public foundation tax exempt status pursuant tothe Canadian Income Tax Act effective July 1, 2005.

The objectives of the organization are exclusively charitable and consist of the following:

(a) to promote charitable endeavors and volunteerism in the Calgary region;

(b) to aid other organizations with the same objectives, to accomplish their goals,support and assist by gifts, contributions or otherwise, other foundations and charitiesprovided they are qualified donees for purposes of the Income Tax Act (Canada); and

© to do any and all lawful activities which are ancillary and incidental to the foregoingcharitable objects.

The Social Venture Partners model combines the Partners’ financial contribution with theirskills and expertise to strengthen community not-for-profit organizations. Partners alsocommit to active learning about philanthropic issues. The Partners voted to make childrenand education the focus of giving by the Company.

The Company participates within the Social Venture Partners International (SVPI) NetworkAffiliate Agreement. This SVPI Affiliate Agreement grants the participants certain licenserights and agreement by the affiliate to abide by the shared mission, principles, and practicesof SVPI. Affiliates are charged an annual “Network Maintenance Fees” on a per partner unitbasis.

The Company is exempt from income taxes, and thus no provision for income taxes has beenmade within these financial statements.

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SOCIAL VENTURE PARTNERS CALGARY LTD.NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

JUNE 30, 2008 AND 2007

2. SIGNIFICANT ACCOUNTING POLICIES

These financial statements have been prepared in accordance with Canadian generallyaccepted accounting principles for not-for-profit organizations and reflect the followingpolicies:

Cash and Investments

Cash and investments are stated at cost and interest income has been accrued to the year end.The Company’s investment practices specify that all donated securities must be liquidatedas soon as possible and invested in safe and secure investment products (i.e., treasury billsand money market funds).

Capital Assets

Equipment costing less than $1,000 is expensed in the year of acquisition. There are nocapital assets in excess of $1,000 purchased to date.

Revenue Recognition

The Company follows the deferral method of accounting for contributions. Contributionsare recognized as revenue in the year in which the related expenses are incurred. In addition,contributions are recognized as revenue when received or receivable if the amount to bereceived can be reasonably estimated and collection is reasonably assured.

Contributed and Volunteer Services

Volunteers contribute their time to assist the Company in carrying out its operating activities(i.e., Board of Directors and Partner volunteers). As it is difficult to determine the fair valueof the services provided, these services have not been recorded within these financialstatements.

Use of Estimates and Measurement Uncertainty

The preparation of these financial statements in conformity with Canadian generally acceptedaccounting principles require management to make estimates and assumptions that affect thereported amounts of assets and liabilities and disclosure of contingent assets and liabilitiesat the date of the financial statements and the reported amounts of revenue and expensesduring the year. Actual results could differ from those estimates.

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SOCIAL VENTURE PARTNERS CALGARY LTD.NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

JUNE 30, 2008 AND 2007

3. DEFERRED CONTRIBUTIONS

The deferred contributions represent funds received by the Company that have beeninternally reserved by the Company in its use, and have been deferred for the benefit of futureperiods. The following represents the various sources of contributions that have beendeferred:

2008 2007

Capacity Enhancement Fund $ - $ 13,350Donations from members 59,840 -

$ 59,840 $ 13,350

4. NET ASSETS UNRESTRICTED

The net assets unrestricted balance represents funds for the general operating use by thecompany for its operations.

2008 2007

Net assets unrestricted, beginning of year $ 74,427 $ 109,291Excess revenue over (expenses) for the year (18,209) (34,864)

Net assets unrestricted, end of year $ 56,218 $ 74,427

5. MEMBERSHIPS

Authorized:

Unlimited Memberships of no value2008 2007

Issued:

Memberships issued 46 55

Membership is available to applicants upon completion of a membership agreement andapplication, approved by the Board of Directors, and payment of a minimum annual $5,000financial contribution. Membership is for an initial two (2) year period, renewable annuallyuntil terminated by the member or by the Company.

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SOCIAL VENTURE PARTNERS CALGARY LTD.NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

JUNE 30, 2008 AND 2007

6. GRANTS ISSUED TO INVESTEES

The Company has issued grants to the following Investees during the year:

2008 2007

Brown Bagging For Calgary’s Kids Society $ 30,000 $ 36,450Calgary Homeless Soccer Society - 10,166Calgary Youth Justice Society 35,000 25,000Child and Youth Friendly Calgary - Urban Vibe 32,000 35,000Connections Counseling and Consulting Foundation 40,000 45,000Even Start For Children’s Society 25,000 -Friends of Seniors Foundation - 2,000Mustard Seed Street Ministry - 1,860SVP Kids Investees - various organizations 2,498 -The Community Kitchen Program of Calgary - 18,000

$ 164,498 $ 173,476

7. RELATED PARTY TRANSACTIONS

(a) The Company benefits by utilizing the services of its members and the relatedcompanies owned by members.

(b) These related companies supply the following services at the exchange amountsagreed to that are at or below the prevailing market rates:

2008 2007

Office space, use of equipment, meeting rooms,and technologies $ 34,694 $ 30,547

The balance due to related parties at year end is as follows:

Due to related parties $ 1,983 $ 1,061

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SOCIAL VENTURE PARTNERS CALGARY LTD.NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

JUNE 30, 2008 AND 2007

8. FINANCIAL INSTRUMENTS

The Company’s financial instruments consist of cash, investments, accounts receivable, andaccounts payable and accrued liabilities. It is the opinion of the Company’s management thatit is not exposed to significant interest, currency or credit risks arising from ownership ofthese financial instruments. The carrying amount of these financial instrumentsapproximates their fair value due to their short term maturity or capacity of promptliquidation.

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______________________________________________________________________________ svpcalgary.org 19 Annual Report 07/08

BOARD OF DIRECTORS 2007/2008 Krystyna Williamson, Chair Don Rempel Paul Bergmann Keenan Cannady Erin Waite Hugh Williamson Gord Case Jonathan Luk Andy Williamson Social Venture Partners Calgary welcomes new partners to become engaged in the community. Partnership units represent an individual or couple and require a minimum commitment of $5,000 for each of two years as well as input of time and expertise towards socializing with partners, learning about philanthropy, and helping select non-profit agencies build capacity. Social Venture Partners Calgary 400, 119 - 14th Street NW Calgary, AB, T2N 1Z6 (403) 266-5303 www.svpcalgary.org

CURRENT PARTNERS Terri Adair & Don Rempel Paul Bergmann Sue Williams-Brawn & Dean Brawn Wendy & Charles Brehon Kerry Brown & Hugh Williamson Carol & David Byler Carri Clarke & Reid Brodylo Michele Dauphinee & Keenan Cannady Tom & Marty Evans Susan & Donald Finley Jennifer Forbes & Joel Semmens Christina & Wade Forsyth Louise Forsyth Eric Galcher Thiloma & Grant Hofer Shawn Irwin Ena & Sanders Lee Kerrin Lee-Gartner Jean LeSourd & Chris Boardman Judy & Robert LeSourd Miranda Lubbers & Craig Stanford Jonathan Luk Karen & Don MacKenzie Brenda & Jamie Mackie Houman Mahallati Nancy & Ron Mannix Alli Marshall Frank Mele Jill Morrison Susan Nelson & Gordon Case Dean Prodan Mitch Putnam Scott Rideout Pam & Barry Rinehart Ellie & Carter Siebens Erin Thrall & Peter Johnson Jackie Pyke & Evan Hazell Marilyn & Gordon Weber Susan & Wieland Wettstein Krystyna & Andrew Williamson Tanya & Brad Zumwalt