Canadian Suomi Foundation
Public foundation · Thunder Bay, Ontario · BN 118836485RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-09-30. Split of total expenditures ($15,485) as filed with the CRA.
Canadian Suomi Foundation is a public foundation based in Thunder Bay, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending September 30, 2024, it reported $24K in revenue and $15K in expenditures.
In 2023, 1 other registered charity reported granting it a combined $22.
Compared with 3,624 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 23% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
Revenue has grown substantially over its filings on record here, from $8,259 in 2020 to $24K in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
Awarding scholarships and awards to students studying finnish language and culture.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $24K | $15K | $11K | — | — | $449K |
| 2023 | $21K | $13K | $8,625 | — | — | $440K |
| 2022 | $4,490 | $8,363 | $4,425 | — | — | $432K |
| 2021 | $3,928 | $9,104 | $3,700 | — | — | $436K |
| 2020 | $8,259 | $8,109 | $2,900 | — | — | $442K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Received $22 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Pentti Paularinne (president); Ulla Ahokas (secretary); Seppo Paivalainen (treasurer); Olavi Jarvela (vice president); Aarno Peura (director); Diana Pallen (director); Liisa Luoma (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Canadian Suomi Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118836485RR0001), or read how we compute the receipt.