Black Opportunity Fund
Charitable organization · Toronto, Ontario · BN 727678070RR0001 · Upholding Human Rights · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($3,356,155) as filed with the CRA.
Black Opportunity Fund is a charitable organization based in Toronto, Ontario, classified by the CRA under upholding human rights. In its fiscal year ending March 31, 2024, it reported $3.7M in revenue and $3.4M in expenditures.
Its funding that year was roughly 81% from donations, 14% from other charities. In 2024, 9 other registered charities reported granting it a combined $481K.
Its highest-paid position fell in the $160,000–199,999 range. The charity reported 9 permanent full-time positions.
It reported gifts to 18 qualified donees totalling $345K in 2024, the largest being $50K to Durham Family & Cultural Centre. Revenue has grown substantially over its filings on record here, from $493K in 2022 to $3.7M in 2024. Its filed list of directors and trustees shows 19 names.
In its own words
Held Consultations and Townhalls to educate the public on issues affecting Black Canadians Black Entrepreneur Program to provide wrap around supports: business education financial literacy skill straining and other supports to help build their capacity and knowledge to operate successful and sustainable businesses. A Canada wide financing program aimed at entrepreneurs who had been recently declined lending by a Canadian financial institution. A Canada wide grant program for B3 focused on 2 of BOFs mandate areas: 1. Arts & Culture and 2. Criminal Justice Partnerships with other black commu…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2022–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $3.7M | $3.4M | $1.1M | $98K | $1.3M | $589K |
| 2023 | $2.7M | $2.5M | $1.3M | — | $1.1M | $264K |
| 2022 | $493K | $567K | $565K | $0 | $0 | $105K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $345K to 18 qualified donees:
- Durham Family & Cultural Centre$50K
- Acorn to Oak Youth Services$50K
- Afrique au féminin$30K
- Midaynta Community Services$25K
- Business Is Jammin' Society$20K
- Hope Blooms Youth Social Entrepreneurial Ventures Inc.$20K
- Restoration and Empowerment for Social Transition Centre$20K
- Oasis Youth Care Programs$20K
- Association de la communauté noire de Cote-des-Neiges/Cote-des-Neiges black community association Inc.$20K
- Women's Health in Women's Hands$10K
- The Reading Partnership$10K
- The Olive Branch of Hope$10K
- Single Mothers Inspiring Leadership in Education$10K
- Delmore Buddy Daye Learning Institute Inc.$10K
- Black Artists' Networks in Dialogue$10K
- Black Canadian Women in Action Society Femmes noires canadiennes en action Société$10K
- A-Supreme Foundation$10K
- African Communities of Manitoba Inc.$10K
Received $481K from 9 charities:
- RBC Foundation$150K
- The Canadian Red Cross Society$135K
- Canadahelps Canadon$55K
- Canadahelps Canadon$55K
- United Way Maritimes/Centraide des Maritimes$50K
- The William and Nona Heaslip Foundation$20K
- Canadian Online Giving Foundation$14K
- United Way of Greater Toronto$1,565
- United Way East Ontario / Centraide Est de l'Ontario$350
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
- $120,000–159,9991 position
- $80,000–119,9992 positions
- $40,000–79,9995 positions
- Permanent full-time positions9
- Total compensation, all staff$732K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Ray Williams (chair); Lekan Olawoye (director); Chima Nkemdirim (director); Oluwabukola Salami (director); Mark Attanasio (director); Ato Sekyi-Otu (director); Dennis Mitchell (director); Charmain Emerson (director); Charmaine Crooks (director); Colin Lynch (director); Eleanor McIntosh (director); Donna Walwyn (vice chair); Rustum Southwell (director); Velma McColl (director); Francois de Paul Nkombou (director); Guoro Sall Diagne (director); Alfred Burgesson (director); Fiona O'Brien (director); Bukkie Adewuyi (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Black Opportunity Fund’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 727678070RR0001), or read how we compute the receipt.