2018 Annual Report

MSA Annual Report - The Miramichi Salmon Association’s ‘Annual Report’ provides readers with a generalized summary of its annual operations, conservation programs, and membership support.

To view and/or print a copy of the MSA’s 2018 Annual Report, please click here. Alternatively, the MSA would be pleased to mail you a hard copy; simply call (506) 622-4000 or email ac.no1566208064mlasi1566208064hcima1566208064rim@o1566208064fni1566208064.

For even further details and reporting on the MSA’s annual conservation activities, research, and accomplishments, please click here.

Revenue
2018 2017
Fundraising Dinners 274,551 284,052
Maintenance Contract 95,000 95,000
Transfers from MSA (U.S.) Inc. 108,838 105,405
Membership and Donations 107,041 168,297
Government Grants 149,121 104,833
Cultured Fish Income 9,800 13,428
Rental Income 32,322 29,225
Miscellaneous Income 16,376 13,274
Contract Income 5,412 6,293
CAST Income 542,233* 416,574*
Investment Earnings 52,908 29,813
Realized Gain on Investment 41,328 13,177
Unrealized Gain on Investments (156,529) 56,078
Gain on Sale of Property/Equipment 4,000
1,282,401 1,,335,449
Expenses 2018 2017
Salaries and Benefits 650,281 524,925*
Bad Debt Expense 3,600
Depreciation 41,050 39,008
Office Expenses 148,489 140,330
CAST Expenses 36,173 52,234
Publicity and Newsletter 17,932 10,737
Travel 42,642 63,796
Fundraising Expenses 79,250 77,249
Operations 83,681 83,681
Rent 7,847 6,251
River Projects 225,181 247,410
Education 11,152 11,257
Telephone and Utilities 89,765 82,021
1,349,762 1,258,818

*Note - The Collaboration for Atlantic Salmon (CAST) is a collaborative not-for-profit entity made up of several corporate members, including the MSA. CAST is funding to the MSA's expenses related to its involvement in CAST's Smolt-to-Adult salmon rearing program, providing funding for salaries (Approx. $266,245 in 2018), program supplies and general operating expenses. CAST has also made direct contributions by funding additional upgrades to the hatchery and facilities in excess of $1,000,000.

(Deficiency) Excess of Revenue over Expenses  (67,361) 76,631