The following represents the Monarch Foundation’s financial statements for the period Sept. 1 2022 to Aug. 31 2023.

August 31, 2023 (2022 for comparison)

Revenue & Expenses



Canadian Dollars


Donations Received 511,856 1,078,913
Other Income 0 0
Total Income 511,856 1,078,913


Service Contract Payments

ComuniCabo 107,359 37,556
Liga MAC 220,628 42,000
Building Baja’s Future 134,912 144,416
Casa Hogar de San Jose 0 90,450
Casa de Abuelos 20,337 24,875
Boys + Girls Club 45,248 43,756
Los Cabos Children’s Foundation 32,182 36,551
Sarahuaro 39,085 36,312
Cabo Church 66,675 129,236
Total Service Contract Payments 666,426 585,153

Administrative Costs

Website Management 661 757
Professional Fees 3,406 2,512
Accounting Software 2,358 1200
Bank Fees 445 602
Processing Fees 1,881 2,327
Total Administrative Costs 8,751 7,398

Total Expenses

675,177 591,372

Net Donations vs Expenses

(163,320) 487,540

Approved on behalf of the Board:

Peter Beaupré


Kim Doward


Notes to Financial Statements

Note 1 –Incorporation

The Monarca Canada Foundation was incorporated on July 7, 2011 and registered as private Foundation with the Canada Revenue Agency effective September 1, 2011. As such, the Foundation can issue charitable donation receipts.

Note 2 – Objectives of the Foundation

The Constitution of the Foundation specifies that its purposes are as follows:

   (a) to advance education in Mexico by the provision of books, equipment and educational aids for elementary, secondary and post-secondary schools or funding for the purpose thereof;

   (b) to advance education by providing scholarships, bursaries, awards, and other forms of financial aid to impoverished Mexican youth;

   (c) to relieve poverty by providing food, housing, and the necessities of life to needy children in Mexico;

   (d) to relieve poverty by providing primary and preventative health care to impoverished Mexican families;

   (e) to receive bequests, legacies, donations, gifts, funds and property from all sources and to hold and invest such funds and property and to administer and distribute such funds and property for the purposes of the Foundation;
   (f) to do all such other things as are incidental and ancillary to the attainment of the foregoing purposes and the exercise of the powers of the Foundation.

Note 3 -Service Contracts

(a) The Foundation has contracts with the following organizations to provide medical, educational and basic food services to impoverished families and individuals in the Los Cabos region of Baja California Sur, Mexico:

1. CommuniCabo (Speech therapy for cleft lip and cleft palate children)
2. Liga MAC (Food, medical and educational support)
3. Building Baja’s Future (University scholarships)
4. Casa de Abuelos San Miguel (Food for senior citizens)
5. Los Cabos Children’s Foundation (Oncology and heart treatment for children)
6. Sarahuaro (Education for women and children’s school lunches)
7. Casa Hogar de Cabo San Lucas (Shelter for children in legal guardianship)
8. Boys + Girls Club (Development program for young people)
9. Cabo Church (Food for children)
10. Amigos de los Niños (Children’s health in Los Cabos)

Note 4 – Directors’ Remuneration

The Foundation paid no remuneration to any director nor did it provide any financial assistance (such as loans or guarantees) to any Director during 2023 or 2022.