Innovation Institute
Publicly funded institution · Montreal, Quebec · BN 755265717RR0001 · Teaching Institutions
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($585,134) as filed with the CRA.
Innovation Institute is a charitable organization based in Montreal, Quebec, 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 March 31, 2024, it reported $394K in revenue and $585K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 23% from donations, 77% from other charities. In 2024, 10 other registered charities reported granting it a combined $529K.
Compared with 1,540 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 86% of peers. Its highest-paid position fell in the $40,000–79,999 range.
Its filed list of directors and trustees shows 3 names.
In its own words
Education for newcomers(refugees and asylum seekers) including tech education job attainment help for refugees and asylum seekers technological tools for resettlement and education being created helping with resettlement needs spread awareness about refugee issues and refugees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $394K | $585K | $574K | — | — | $639K |
| 2023 | $554K | $422K | $417K | — | — | $530K |
| 2022 | $546K | $148K | $139K | — | — | $398K |
| 2021 | $1,000 | — | — | — | — | $1,000 |
| 2020 | — | — | — | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $529K from 10 charities:
- The J W McConnell Family Foundation$279K
- The Foundation of Greater Montreal$65K
- The Catherine Donnelly Foundation$30K
- Shoppers Foundation for Women's Health$30K
- Canadahelps Canadon$25K
- Canadahelps Canadon$25K
- Canadian Online Giving Foundation$25K
- The Edmonton Community Foundation Priv Act$25K
- The Trottier Family Foundation/la Fondation Familiale Trottier$20K
- Centraide Du Grand Montréal$4,540
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- $1–39,9994 positions
- Total compensation, all staff$139K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Pierre-Luc Bouchard (president); Omar Riaz (admin); Badr Rankousi (secertary).
As listed on its 2024 return.
Check the source
Every figure on this page is from Innovation Institute’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 755265717RR0001), or read how we compute the receipt.