Corporation de l'Ecole des Hautes Etudes Commerciales de Montreal
Publicly funded institution · Montreal, Quebec · BN 107278905RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($243,370,208) as filed with the CRA.
Corporation de l'Ecole des Hautes Etudes Commerciales de Montreal is a charitable organization based in Montreal, Quebec, 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 April 30, 2024, it reported $241.7M in revenue and $243.4M in expenditures.
Its funding that year was roughly 54% from government, 6% from other charities. Government funding is the majority of its budget. In 2024, 3 other registered charities reported granting it a combined $13.3M.
Compared with 733 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 60% of peers. Its fundraising cost per donated dollar was higher than 97% of that peer group. Its highest-paid positions fell in the $350,000 and over range (3 positions in that band). The charity reported 1,169 permanent full-time positions.
Its filed list of directors and trustees shows 15 names.
In its own words
Plus de 36 programmes d'études en gestion couvrant trois cycles de l'enseignement universitaire. Distribution de dons reçus en bourses aux étudiants ou à des chaires pour faire la science dans différents domaines. Programme canadien de stages en gestion à l'étranger. Travaux de recherche et processus d'entreprises. Développer des chaires d'enseignement. Au sein de l'école des dirigeants. L'école des dirigeants premières nations vise à former des leaders autochtones. Pour plus d'information veuillez vous référer au lien suivant: https://ecole-dirigeants-premieres-nations.hec.ca/
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $241.7M | $243.4M | $221.1M | $2.8M | — | $149.1M |
| 2023 | $221.8M | $222.1M | $200.8M | $2.4M | — | $146M |
| 2022 | $212.3M | $204.1M | $186.3M | $2.2M | — | $143.5M |
| 2021 | $196.7M | $190.4M | $172.9M | $2M | — | $136.1M |
| 2020 | $192.3M | $183.3M | $168.3M | $2.3M | — | $122M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $13.3M from 3 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over3 positions
- $300,000–349,9997 positions
- Permanent full-time positions1,169
- Total compensation, all staff$166.6M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Hélène Desmarais (présidente); Luc Bachand (administrateur); Sylvain Vincent (administrateur); Guy Cormier (administrateur); Jean-Guy Desjardins (administrateur); Serge Gagné (administrateur); Nesrine Benhadj (administrateur); Stéphanie Gaudette (administrateur); Daniel Jutras (administrateur); Isabelle Le Breton-Miller (administrateur); Federico Pasin (administrateur); Nathalie Pilon (administrateur); Claude Séguin (administrateur); Pierre-Majorique Léger (administrateur); Johanne Turbide (secrétaire).
As listed on its 2024 return.
Check the source
Every figure on this page is from Corporation de l'Ecole des Hautes Etudes Commerciales de Montreal’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 107278905RR0001), or read how we compute the receipt.