Fondation Assomption Vie Inc./Assumption Life Foundation Inc.
Charitable organization · Moncton, New Brunswick · BN 118921394RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($154,171) as filed with the CRA.
Fondation Assomption Vie Inc./Assumption Life Foundation Inc. is a charitable organization based in Moncton, New Brunswick, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $523K in revenue and $154K in expenditures.
Its funding that year was roughly 19% from donations.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 61% of peers. Its fundraising cost per donated dollar was lower than 100% of that peer group. 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 $5,000 in 2021, the largest being $5,000 to Festival Litteraire International Northrop Frye International Literary Festival Inc.. Revenue has grown substantially over its filings on record here, from $229K in 2020 to $523K in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
Fournir une aide financière aux étudiants qui sont privés de ressources financières nécessaires à la poursuite d'étude universitaire ou spécialisée. Promouvoir l'éducation et le développement des compétences en offrant de l'aide financière sous forme de bourses ou contributions à des donateurs reconnus en vertu des dispositions de la 'Loi de l'impôt sur le revenu' qui oeuvrent dans le domaine de l'éducation et du développement professionnel afin que ces bourses ou contributions soient utilisées dans la réalisation de projets visant à améliorer l'alphabétisation le niveau d'éducation ou le d…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $523K | $154K | $136K | $0 | — | $3.2M |
| 2023 | $480K | $133K | — | — | — | $2.8M |
| 2022 | -$48K | $103K | — | — | — | $2.5M |
| 2021 | $358K | $146K | — | — | $5,000 | $2.6M |
| 2020 | $229K | $112K | — | — | $5,000 | $2.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2021
Granted $5,000 to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Michel Allain (treasurer); Alain Bossé (member); Thomas Raffy (président); Denis Leblanc (member); Geneviève Laforge (secretaire).
As listed on its 2024 return.
Check the source
Every figure on this page is from Fondation Assomption Vie Inc./Assumption Life Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118921394RR0001), or read how we compute the receipt.