First Principles Foundation
Private foundation · Toronto, Ontario · BN 745818211RR0001 · Research
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($639,900) as filed with the CRA.
First Principles Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under research. In its fiscal year ending December 31, 2024, it reported $821K in revenue and $640K in expenditures.
Its funding that year was roughly 99% from donations. In 2024, 1 other registered charity reported granting it a combined $603K.
Its highest-paid position fell in the $160,000–199,999 range. The charity reported 4 permanent full-time positions.
Its filed list of directors and trustees shows 1 name.
In its own words
The first principles foundation undertook efforts to develop a research tech intelligence platform for physics researchers & scientists to advance the dissemination of knowledge in the scientific community. Additionally they launched a website (also known as the 'hub') and youtube channel in an effort to popularize fundamental science to a wider audience.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2024–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $821K | $640K | — | $91K | — | $178K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $603K from 1 charity:
- Shar Foundation$603K
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
- $120,000–159,9992 positions
- $80,000–119,9991 position
- Permanent full-time positions4
- Total compensation, all staff$231K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Iidar Sharafutdinov (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from First Principles Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 745818211RR0001), or read how we compute the receipt.