Financial Information


NAFA is a not-for-profit private education institution with charity status. We receive financial support from Singapore’s Ministry of Education and dollar-for-dollar matching for cash donations from Singapore’s Ministry of Culture, Community and Youth.

Name of Organisation : Nanyang Academy of Fine Arts

Address : 80 Bencoolen Street, Singapore 189655

Contact Information :
Name of Contact Person : Mr Wong Kron Joo , Director (Finance)
Telephone No : 6512 4033
Fax No : 6337 3920
Email : [email protected]
Website Address : www.nafa.edu.sg

Constitution :
Company Limited by Guarantee
Date of Incorporation : 26 March 2010
UEN. : 201006523M

Charity Status :
Charity Registration No. : 201006523M
Charity Registration Date : 01 April 2010

Institution of a Public Character (IPC) Status :
Effective Date : 1 January 2016 to 31 December 2018

Board Members

Kindly view our board members list here.

Key Employees
Mr Chia Mia Chiang, President
Mr Soo Tah Keng Jerry, Vice-President (Academic)
Ms Carol Tan, Vice-President (Administration)
Mr Khor Kok Wah, Vice- President (Industry & Projects)

Auditor: KPMG

Financial Information for year ending 31 March 2017

Income & Expenditure Statement
2015
(S$'000)
2016
(S$'000)
2017
(S$'000)
Receipts
     
Donations in cash      
- Tax Deductible
1,070
8,356 2,639
- Non Tax Deductible
2
1,060 8,928
 Total Donations in Cash 1,072
9,416 11,567
 Government Grants
19,091
19,479
20,857
 Programme Fees
28,348 31,825
35,707
Other Income
3,711 2,712 2,719
Total Receipts
52,222
63,432 70,850
Expenses



- Administrative and operating expenses
32,439 34,213 37,124
- Other Expenses 17,442 18,749 16,569
Total Expenditure
49,881
52,962 53,693
Balance Sheet
2015
(S$'000)
2016
(S$'000)
2017
(S$'000)
Assets



- Land and Buildings
51,107
64,300 60,512
- Other Assets
18,582 17,792 33,088
- Investments
9,772
9,677 6,631
- Trade and Other Receivables
3,448 3,263 4,075
- Cash & Deposits
29,060
27,701 35,254
Total Assets
111,969
122, 733 139,560
       
Funds



- Total Unrestricted Funds
28,958
32,325 38,427
- Total Restricted Funds 11,946
19,049 30,105
Total Funds and Reserves
40,904
51,374 68,532
       
Liabilities



- Total Current Liabilities 17,556
18,866 22,468
- Total Non-Current Liabilities
53,509
52,493 48,560
Total Liabilities
71,065
71,359 71,028
Total Funds and Liabilities
111,969
122,733 139,560
Other Information
2015
2016 2017
No. of Employees (full-time and part-time)
524
552 586
Total Employee Costs (S$ '000)
26,866
28,176 31,045
Significant Related Party Transactions (S$ '000) 1,170
1,601 1,585

Notes:

  • Restricted Funds are funds raised for the Campus Development Fund, scholarships and bursaries for students.
  • The financial information posted online is extracted from audited accounts.