Herbert H. Carnegie Future Aces Foundation
Publicly funded institution · Thornhill, Ontario · BN 892450842RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-11-30. Split of total expenditures (—) as filed with the CRA.
Herbert H. Carnegie Future Aces Foundation is a charitable organization based in Thornhill, Ontario, classified by the CRA under support of schools and education. 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 November 30, 2024, it reported $64K in revenue.
Its funding that year was roughly 15% from donations, 85% from government. Government funding is the majority of its budget. In 2024, 4 other registered charities reported granting it a combined $8,067.
Revenue has declined over its filings on record here, from $358K in 2020 to $64K in 2024. Its filed list of directors and trustees shows 11 names.
In its own words
Future aces delivers content and material to promote youth development self-esteem and promote diversity/equity/inclusion among youth in elementary school all the way through high school. In 2023 staff developed online and in-person content. Future aces held a conference with guest speakers and activities to promote character development. The feedback received from the students was overwhelmingly positive.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $64K | — | — | — | — | -$66K |
| 2023 | $112K | $122K | $110K | $224 | — | -$21K |
| 2022 | $196K | $245K | $162K | $2,167 | $0 | -$21K |
| 2020 | $358K | $233K | $108K | $1,548 | — | $31K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $8,067 from 4 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Permanent full-time positions0
- Total compensation, all staff$64K
Schedule 3 of its 2022 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Lianne Castelino (director); Raj Bharati (director); James Ban (director); Rubson Ho (director); Danny Kharazmi; Dottie Irvine (director); Ghazoua Oueghi Saada (director); Sumeeta Kapur (director); Michelle Liotta (director); Nadia Padassery (director); Chris Yaccato (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Herbert H. Carnegie Future Aces Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 892450842RR0001), or read how we compute the receipt.