Cypriot Charitable & Educational Foundation of Toronto
Publicly funded institution · East York, Ontario · BN 118881374RR0001 · Teaching Institutions
Source: T3010 return, FPE 2024-12-30. Split of total expenditures ($466,329) as filed with the CRA.
Cypriot Charitable & Educational Foundation of Toronto is a charitable organization based in East York, Ontario, 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 December 30, 2024, it reported $350K in revenue and $466K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,540 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 2% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
It reported gifts to 1 qualified donee totalling $450 in 2024, the largest being $450 to Annunciation of the Blessed Virgin Mary Church. Revenue has grown substantially over its filings on record here, from $32K in 2020 to $350K in 2024. Its filed list of directors and trustees shows 8 names.
In its own words
Greek language instruction classes and various cultural activities.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $350K | $466K | $49K | — | $2,120 | $11.5M |
| 2023 | $10.8M | $229K | $28K | — | $1,938 | $11.6M |
| 2022 | $9,393 | $58K | $2,084 | — | $650 | $1.1M |
| 2021 | $3,028 | $57K | $46K | — | — | $1.1M |
| 2020 | $32K | $72K | $28K | — | — | $1.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $450 to 1 qualified donee:
- Annunciation of the Blessed Virgin Mary Church$450
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Permanent full-time positions0
- Total compensation, all staff$13K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Nick Lagoudis (1st v. president); Nick Hadjiyiannis (director); Erini Ramphalie (president); Georgia Savva (secretary); Andreas Ioannou (director); Christopher Ioannou (director); Renos Tryphonas (treasurer); Eli Ttofa (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Cypriot Charitable & Educational Foundation of Toronto’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118881374RR0001), or read how we compute the receipt.