Mriya Aid Org Inc. undergoes annual independent audits in Canada. We follow Canadian not-for-profit reporting standards and maintain strict internal oversight on all expenditures.
Finances
Mriya Aid ensures transparent and fully-documented financial processes and best practices in financial management that comply with Canadian and Ukrainian legislation, reflecting our core values of accountability and efficiency.
Mriya Aid prepares annual financial statements based on the accrual method of accounting. These financial statements are audited and submitted to Revenue Canada and the Government of Canada. This page presents donations and expenditures based on the cash accounting method.
Mriya Aid ensures transparent and fully-documented financial processes and best practices in financial management that comply with Canadian and Ukrainian legislation, reflecting our
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Financials at a Glance
Cumulative results since March 2022; cash and in-kind.
$10M+
Total aid delivered
100%
of Individual Donations Go Directly to the Frontlines
10+
Corporate Partners Providing Support
3,500+
Individual donors
3X
Every $1 Delivers $3 in Aid
7,850+
Donations processed
Key Principles
We operate on three principles: independent governance, impact, and accountability. These guide every financial decision and help us earn and keep the trust of our donors and partners.
Governance, Operations & Project Management
Our Board directors provide full-time governance, operations and professional services with no pay, financial compensation or commercial interest in any project, service or equipment.
Financial Management
We maximize the impact of every donation through robust financial management and oversight.
Documentation
We meticulously document all financial decisions, transactions, and delivery of project components for full internal accountability and documentation for external audits
Mriya Aid is a registered Not-for-Profit in Ontario, Canada, with clearly defined controls at each stage of project implementation and with a track record of successful and impactful, life-saving projects in Ukraine.
Lubomyr Chabursky
Secretary-Treasurer of Mriya Aid
Our Financial Impact Since 2022
These charts summarize Mriya Aid’s finances by fiscal year since March 2022 based on the cash accounting method. Use the toggle to view Cash & In-kind Donations or Total Aid Provided and see how contributions translate into aid on the ground.
2023
$6,658,807 CAD (78.2%)
2024
$1,856,825 CAD (21.8%)
2025
Coming soon..
TOTAL – $8,515,632 CAD
Reporting to Our Donors
We are pleased to provide a summary of donations received and disbursements made based on the cash accounting method organized by fiscal year.
April 2023 to March 2024
Cash & In-kind Donations
Humanitarian & Medical (In-kind)
$720,500 CAD - (38.8%)
Monetary Donations
$545,384 CAD - (29.4%)
Gain on disposition of cryptocurrency
$297,764 CAD - (16%)
Institutional Funding
$213,825 CAD - (11.5%)
EOD (In-kind)
$79,352 CAD - (4.3%)
TOTAL – $1,856,825 CAD
In-kind figures represent estimated values, with used or surplus items valued at no more than 15% of
their current market value. These valuations are disclosed for transparency but were not included in
our audited financial statements as dollar amounts.
Disbursements
EOD Program – $606,332 CAD (76.8%)
Logistics – $67,335 CAD (8.5%)
Professional fees (audits, legal) – $53,192 CAD (6.7%)
Tactical Medical (tourniquets) – $37,420 CAD (4.7%)
Frontline Equipment – $20,282 CAD (2.6%)
Bank fees – $4,370 CAD (0.6%)
Office expenses – $700 CAD (0.1%)
TOTAL – $789,631 CAD
EOD Program
Logistics
Professional fees (audits, legal)
Tactical Medical (tourniquets)
Frontline Equipment
Bank fees
Office expenses
Total Aid Provided
Humanitarian & Medical
$720,500 CAD – (49.1%)
EOD Program
$685,684 CAD – (46.8%)
Tactical Medical (tourniquets)
$37,420 CAD – (2.6%)
Frontline Equipment
$20,282 CAD – (1.4%)
Advocacy
$2,588 CAD – (0.2%)
TOTAL – $1,466,474 CAD
In-kind figures represent estimated values and were not part of the audited cash flow.
Humanitarian & Medical
EOD Program
Tactical Medical (tourniquets)
Frontline Equipment
Advocacy
In this period, Mriya Aid received $1,056,973 CAD in funding and monetary donations and disbursed $789,631 CAD. The remaining $267,342 CAD was carried forward to the next period. The total aid provided in this period is $1,466,474 CAD.
Our annual audits:
Report on all donations and funds.
Guarantee that all funds are used within approved budgets and programs.
Completed by Chartered Professional Accountants (CPA), licensed and regulated in Canada.
Financial Control & Management
Every expenditure is carefully reviewed, discussed, and approved by our Board of Directors.
We follow a rigorous process to ensure transparency and maintain a complete record of all financial decisions:
Expenditure Process:
Vendor vetting
Verification and validation of manufacturers and suppliers.
Value assessment
Solicitation and review of quotes.
Approval process
Preparation of Board Decision Documents, with discussions and approvals recorded in minute meetings.
Accounting trail
Documentation of all transactions and updates to accounting systems.
Regulatory documentation
Preparation of contracts, end-user certificates, customs declarations, and confirmation of delivery to end-user units, in compliance with Ukrainian regulations and audit requirements.
Our Auditors
GGFL Chartered Professional Accountants (CPA), Licensed Public Accountants is an Ottawa-based Canadian firm of licensed professionals offering accounting, financial reporting, and tax compliance services. The firm is regulated by the Chartered Professional Accountants Ontario, and must adhere to Canadian regulations, standards, and prescribed accounting principles in preparing financial statements and conducting audits.
GGFL provides Mriya Aid Org Inc. with assurance engagements resulting in annual audits, in which the firm independently verifies that Mriya Aid’s financial statements present a true and fair view of the organization’s financial position, results of operations, and cash flows according to prescribed principles of the accrual accounting method. In this process, GGFL advises Mriya Aid on best practices for non-profit accounting and financial reporting obligations.
GGFL CPAs
Reporting Structure and Oversight
Governance, Operations & Project Management
Our Board members provide full-time governance, operations and professional services with no pay, financial compensation or commercial interest in any project, service or equipment
Comprehensive documentation and reporting of all expenditures, including invoices, receipts, contracts, end-user certificates, custom declarations, equipment delivery records, and detailed reporting to donors.
Canadian Regulatory Compliance
Full compliance with Canadian regulations, including the Ontario Not-for-profit Corporations Act, the Canada Revenue Agency, and the Department of National Defence.
Ukrainian & EU Regulatory Compliance
Ongoing cooperation with Ukrainian authorities and partners to ensure compliance with Ukrainian and EU regulations.
Our Donors
Individual Donors
One-time and recurring donations from individuals through our Donations webpage are the backbone of our aid to Ukraine. Individual donor funds keep life-saving equipment and EOD training flowing directly to the frontlines.
Institutions
Institutional funding allows us to scale assistance projects and strengthen Ukraine’s capacity and system at a strategic level. Our team continually identifies and applies for institutional support from Western governments and agencies to maximize impact.
Individual Monetary Donations & In-kind Donationst
- Donors from 30 countries
- In-kind contributions
- One time or recurring donations, including fundraising campaigns
- 100% of these funds go to lifesaving equipment on the frontlines
Planned, Legacy & Securities Donations
- Larger donations, typically $5,000+
- Anonymous or directed to specific expenditures
Used for:
- lifesaving equipment on the frontlines
- administrative fees and expenses for advocacy and capacity-building
Legacy contributions, securities donations and other gifts whose value continues to support our work over time.
Institutional Funding
- Grants or funding for specific projects
- 100% used for the project proposed to donor
- Financial oversight by the donor
- Requires a proven track record and annual independent audits
All of Mriya Aid’s activities are carried out in accordance with clear financial and legal norms, enabling the organization not only to fulfill its tasks but also to successfully pass audits by Canadian authorities
Lubomyr Chabursky
Secretary-Treasurer of Mriya Aid
FAQ
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How do you ensure transparency and accountability in your finances?
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How are individual donations used ?
100% of individual donations go directly to life-saving equipment and frontline support. Administrative and operational expenses are funded through institutional grants and legacy contributions or securities gifts, so your personal gift goes entirely to urgent aid. -
What is included in “Total Aid Provided” ?
“Total Aid Provided” represents the value of life-saving equipment, training, and in-kind items delivered to Ukraine. It does not include administrative or advocacy expenses, ensuring this number reflects only direct frontline impact. -
How do you value in-kind donations?
Newly purchased items are recorded at fair market value. For used or stockpiled equipment, we apply a conservative valuation of up to 15% of current market value. In-kind donations are not part of our audited financial statements but are reported separately for transparency. -
Where does your funding come from?
Our revenue is a mix of:
- Individual donations from 30+ countries
- Planned, legacy, and securities donations
- Institutional funding (grants and projects) from governments and agencies
Each funding stream is used in line with donor intent, with strict oversight and external audits.
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Do you issue CRA tax receipts for donations?
No. Mriya Aid is registered in Canada as a not-for-profit, not a charity, and therefore cannot issue charitable tax receipts. This structure allows us to provide direct support to Ukraine’s armed forces and defence agencies—something Canadian charities are not permitted to do under tax law. It also enables us to act quickly and ensure donations are converted directly into life-saving equipment, training, and other urgent support.
Help Us Support Ukraine
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