Arctic Research Foundation
Charitable organization · Waterloo, Ontario · BN 800994204RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($4,900,315) as filed with the CRA.
Arctic Research Foundation is a charitable organization based in Waterloo, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $3M in revenue and $4.9M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 82% from other charities. In 2024, 1 other registered charity reported granting it a combined $2.5M.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 59% of peers. Its fundraising cost per donated dollar was higher than 99% of that peer group. Its highest-paid position fell in the $160,000–199,999 range. The charity reported 10 permanent full-time positions.
Revenue has declined over its filings on record here, from $6.3M in 2020 to $3M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
(a) to advance education by establishing operating and maintaining a mission program with the goal of establishing and enhancing research infrastructure in canada's north; (b) to advance education by modernizing acquiring developing operating and maintaining research infrastructure in canada's north to increase research capacity and quality in the pursuit of world-class research; (c) to advance education by facilitating assisting and enhancing meaningful research projects with indigenous communities departments and agencies of the government of canada canadia and international educati…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $3M | $4.9M | $4.3M | $22K | — | $1.6M |
| 2023 | $10.6M | $7.4M | $6.8M | $2,397 | — | $3.5M |
| 2021 | $5.2M | $6.4M | $5.8M | $37K | — | $238K |
| 2020 | $6.3M | $8.2M | $7.5M | $15K | — | $1.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $2.5M from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $160,000–199,9991 position
- $120,000–159,9992 positions
- $80,000–119,9992 positions
- $40,000–79,9993 positions
- $1–39,9992 positions
- Permanent full-time positions10
- Total compensation, all staff$1.9M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
James Balsillie (director); Brian McGee (trustee); Tim Macdonald (trustee); Sandra Miller (director); Jackie Jacobson (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Arctic Research Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 800994204RR0001), or read how we compute the receipt.