ABIC Foundation Inc.
Publicly funded institution · Saskatoon, Saskatchewan · BN 867076077RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($33,162) as filed with the CRA.
ABIC Foundation Inc. is a charitable organization based in Saskatoon, Saskatchewan, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending March 31, 2024, it reported $19K in revenue and $33K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
In 2023, 1 other registered charity reported granting it a combined $600K.
Its reserves, measured in years of spending on hand, sat in the top decile of the group.
Revenue has declined over its filings on record here, from $504K in 2020 to $19K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Abic provides on-going support of programming to promote science to address global challenges. Some programs offered: the abic speaker series invites high-calibre speakers to share their passion for science and to inspire local entrepreneurs. Beyond entrepreneurship: building and agri-value business is a new program to help saskatchewan entrepreneurs gain the knowledge they need to succeed. The program comprises two modules: building a winning plan: agricultural processing business plan training and building entrepreneurial leadership
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $19K | $33K | — | — | — | $884K |
| 2023 | $607K | $328K | $301K | — | — | $897K |
| 2022 | $12K | $18K | — | — | — | $619K |
| 2021 | $504K | $447K | $200K | — | — | $626K |
| 2020 | $504K | $206K | $200K | — | — | -$30 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Received $600K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Karen Churchill (chair); Jennifer Milo (director); Terrance Fonstad (director).
As listed on its 2023 return.
Check the source
Every figure on this page is from ABIC Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 867076077RR0001), or read how we compute the receipt.