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 2019 to 31 March 2022

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 ended 31 March

Income & Expenditure Statement
2016
(S$'000)
2017
(S$'000)
2018
(S$'000)
Income
     
- Programme Fees
31,825 35,707 38,617
- Other Income 2,712 2,719 4,877
- Government Grants 19,479 20,857 21,908
- Donations 9,416 11,567 5,317
Total Income
63,432 70,850 70,719
Expenditure



- Administrative and operating expenses
34,213 37,124 40,472
- Other Expenses 18,749 16,569 17,746
Total Expenditure
52,962 53,693 58,218
Surplus 10,470 17,157 12,501
Balance Sheet
2016
(S$'000)
2017
(S$'000)
2018
(S$'000)
Assets



- Land and Buildings
64,300 60,512 82,112
- Other Assets
17,792 33,088 7,671
- Investments
9,677 6,631 12,783
- Trade and Other Receivables
3,263 4,075 5,149
- Cash & Deposits
27,701 35,254 38,764
Total Assets
122,733 139,560 146,479
       
Funds



- Total Unrestricted Funds
32,325 38,427 46,121
- Total Restricted Funds 19,049 30,105 9,255
Total Funds and Reserves
51,374 68,532 55,376
       
Liabilities



- Total Current Liabilities 18,866 22,468 21,517
- Total Non-Current Liabilities
52,493 48,560 69,586
Total Liabilities
71,359 71,028 91,103
       
Total Funds and Liabilities
122,733 139,560 146,479

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.