Elite Foundation
Private foundation · Burlington, Ontario · BN 709684013RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($53) as filed with the CRA.
Elite Foundation is a private foundation based in Burlington, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $10K in revenue and $53 in expenditures.
Its funding that year was roughly 100% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 24% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
Its filed list of directors and trustees shows 2 names.
In its own words
Elite Foundation is a non-profit organization dedicated to building futures and strengthening communities by addressing the most essential needs of housing education and financial inclusion. Our mission is to ensure that every individual has the opportunity to thrive by providing access to safe and affordable homes quality educational pathways and community based support. Through affordable housing developments scholarships mentorships and empowerment programs our goal is to close the opportunity gap for economically disadvantaged families. We work collaboratively with local partners t…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2024–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $10K | $53 | $38 | — | $0 | $9,947 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Directors & trustees (2024)
Abdul Hamid Hakimi (director & president); Ahmad Samim Sakhi (director treasurer secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from Elite Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 709684013RR0001), or read how we compute the receipt.