As a registered Federal Charity in Canada, Fountain of Love and Life (FLL) must comply with all Canada Revenue Agency (CRA) regulations and mandatory annual filing requirements.
- Independent Audits: Every year, FLL engages independent external auditors to conduct a comprehensive audit of our financial statements.
- Regulatory Filing: These audited statements are submitted to the CRA alongside our annual T3010 Registered Charity Information Return.
- Record Retention: In compliance with CRA requirements, we maintain detailed books and records for a minimum of six years. This ensures FLL is prepared for potential CRA verification at any time, should FLL be selected for additional audit.
The following financial summary is based on FLL’s audited financial statements, supplemented with additional information provided by management to help our supporters better understand FLL’s financial position. The summary is reviewed by the Finance Committee and the Board of Directors, all of whom are independent of management.
2025 Operating Expenditures
In 2025, under God’s grace, Fountain of Love and Life (FLL) celebrates its 20th anniversary of evangelization. Through media production, formation programs, and various faith-building activities, FLL has accompanied the faithful in their spiritual growth, creating sacred spaces for them and us to encounter with the Lord.
Please click this LINK to view what we have done in 2025. To meet our staff producing all these activities and programs, click this LINK.
| Expenditure | 2025 |
| (for the year ended September 30) | in CAD |
| EV Activities / Program | $857,034 |
| TV & Radio Production | 390,610 |
| Bookstore & Gift Shop | 124,822 |
| Administration | 165,312 |
| Fundraising | 88,196 |
| $ 1,625,974 |
2025 Income Distribution
Fountain of Love and Life (FLL) is financially independent and relies on the generosity of individual supporters to fund all its programs and activities. We are also deeply grateful for our volunteers, who work hand-in-hand with our staff to bring our events and initiatives to life. Although their invaluable contributions of time and talent are not reflected in the audited financial statements or in this Financial Summary, their service remains the heartbeat of our community and mission.
| Income Distribution | 2025 |
| (for the year ended September 30) | in CAD |
| Donations | |
| Walkathon Donations | $ 610,066 |
| One-Time Gifts | 288,742 |
| Monthly Donations | 189,861 |
| Donated Stocks | 580,070 |
| Total Donations | $ 1,668,739 |
| Investment Returns | |
| Market Value Appreciation | 226,401 |
| Dividend & Interest | 57,827 |
| Total from Investments | $ 284,228 |
| Other Income | |
| Bookstore Regular Sales | $ 114,788 |
| Bookstore Sales of Donated Items | 9,217 |
| Joyful Fisher Course | 47,828 |
| Total Other Income | $ 171,833 |
| Total Income: | $ 2,124,800 |
Donated Stocks for Renovation Project – We have a bold and hope‑filled dream. The building we acquired in 2023 is more than a property to us. We envision it becoming a fully equipped Evangelization Centre in Toronto, a spiritual home that will energize and sustain Chinese Catholic evangelization locally and around the world.
Although we hope to launch the Renovation Project fundraising campaign soon, the current economic volatility makes it challenging to set a reliable fundraising target. Even so, when we shared this dream privately with several of our supporters, they responded with remarkable generosity, especially in 2025. Some chose to donate investments with strong potential for long‑term growth. We will steward these donated stocks as a reserve fund dedicated to the future Renovation Project.
Investment Returns – When FLL has surplus cash, we invest it in money market funds to generate interest income. We also receive dividend income from the donated stocks entrusted to us since 2021. Together, these earnings help sustain our daily operations and ensure that every contribution is managed prudently in support of our mission to evangelize the Catholic faith.
In 2025, the strong financial markets led to notable increases in the market value of the donated stocks received since 2021. At the same time, FLL remains mindful that market values fluctuate, and the actual gains realized upon sale may differ from current valuations.
For inquiries regarding the Financial Summary, please email info@FLL.cc with your contact information. We will get back to you. Thank you for your support!
Link to CRA Website for detailed financial information:
https://apps.cra-arc.gc.ca/ebci/hacc/srch/pub/dsplyRprtngPrd/837539642RR0001