Voluntary Sector Reporting Awards

Voluntary Sector Reporting Awards

November 18, 2009 08:40 ET

Waterloo-Based Charity Nominated for Voluntary Sector Reporting Award

Mennonite Economic Development Associates nominated for financial reporting

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2009) - Waterloo-based Mennonite Economic Development Associates (MEDA) could be among the winners of the second annual Voluntary Sector Reporting Awards (VSRAs), scheduled to be announced at a Toronto luncheon ceremony on November 20. At a time when financial reporting is becoming increasingly important to organizations of all types and sizes, the VSRAs recognize those organizations within Ontario's diverse and growing not-for-profit sector that have achieved best practices.

The awards recognize best practices for financial reporting by registered charities that produce annual reports in Ontario. Their annual reports are rated for availability, clarity, user friendliness, accessibility and impact. Organizations competed in three categories based on revenue size, as well as a category for national or international NPOs headquartered in Ontario, with the winner in each category receiving $5,000 and recognition as leaders in the field.

MEDA (Mennonite Economic Development Associates) helps the working poor to realize dignity and joy by growing sustainable, locally owned small businesses that are not dependent on charity for survival. MEDA's innovative approach to international development provides a future for families and whole communities struggling with poverty. MEDA has become a world leader in international development, working closely with governments, foundations and businesses. MEDA is competing in the National or international NPO category. For more information on MEDA, see: http://www.meda.org.

Media are invited to attend this event.

WHAT: Voluntary Sector Recognition Awards
WHEN: Friday, November 20 from 11:30 a.m. to 2 p.m.
(presentations at 1 p.m.)
SPEAKER: Dr. Cathy Barr, Vice-President, Operations, Imagine Canada
WHO: Nominated charities and representatives from Queen's School of
Business, PricewaterhouseCoopers Canada (PwC) and the Institute
of Chartered Accountants of Ontario
WHERE: Novotel Hotel, 3 Park Home Avenue, North York

The nominees in the four categories are:
National or international NPO headquartered in Ontario
- CARE Canada
- Mennonite Economic Development Associates
- The Nature Conservancy of Canada
- World Vision Canada

Total revenues over $10 million
- Community Living Toronto
- Covenant House Toronto
- United Way Toronto
- United Way/Centraide Ottawa

Total revenues over $1 million but below $10 million
- Canadian Paraplegic Association Ontario
- DeafBlind Ontario Services
- The Lifesaving Society (Ontario Branch)

Total Revenues of under $1 million
- The Children's International Learning Centre
- Hospice King-Aurora (Hospice King)
- Sarnia Lambton Rebound - A Program for Youth

In the interest of promoting timely and accurate financial statements in the not-for-profit sector, the VSRA Program was created in 2008 by the CA-Queen's Centre for Governance, which is a partnership between the Queen's School of Business and the Institute of Chartered Accountants of Ontario. PricewaterhouseCoopers Canada LLP has been a sponsor of the program since its inception.

About the CA-Queen's Centre for Governance at Queen's School of Business

CA-Queen's Centre for Governance (business.queensu.ca/centres/CA-QCG/) goal is to raise the bar on Canadian governance research and convey that research's implications to fellow academics, students and the public at large. Situated at Queen's School of Business (business.queensu.ca), one of the world's premier business schools, the Centre conducts cutting edge basic and applied research on corporate governance issues dealing with such issues as fraud prevention through better internal control and improving Canadian securities regulation. The Centre is also actively involved in the not for profit sector through the associated Fundamental of Governance for Boards of municipal, provincial and federal agencies, and not-for-profit organizations executive development course, case writing, applied research and now the Voluntary Sector Reporting Awards.

About the Institute of Chartered Accountants of Ontario:

The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's 33,000 Chartered Accountants and 5,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession's internationally recognized standards of qualification and the enforcement of its rules of professional conduct. Ontario CAs contribute greatly to international and domestic investor confidence in the soundness of the Ontario and Canadian economies. The Institute's website is: www.icao.on.ca and the student website is www.guidetorulingtheworld.ca.

About PricewaterhouseCoopers LLP

The PricewaterhouseCoopers Canada Foundation was established in 2004 and its mission is to make a positive, lasting change in our communities through the sharing of our time, expertise and resources. Through the Foundation, the firm encourages, supports and recognizes the sustained volunteer involvement of our staff and partners in the community. To learn more, visit www.pwc.com/ca/foundation.

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its related entities have more than 5,200 partners and staff in offices across the country.

"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity.

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