Inventor Academy
Publicly funded institution · Richmond Hill, Ontario · BN 746715341RR0001 · Educational Organizations Not Elsewhere Categorized · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($162,603) as filed with the CRA.
Inventor Academy is a charitable organization based in Richmond Hill, Ontario, classified by the CRA under educational organizations not elsewhere categorized. 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 December 31, 2024, it reported $120K in revenue and $163K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from government. Government funding is the majority of its budget.
Compared with 1,540 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 89% of peers. None of its ten highest-paid positions cleared $40,000. The charity reported 3 permanent full-time positions.
Its filed list of directors and trustees shows 3 names.
In its own words
To provide programs that engage and enrich your children enhancing their academic and life skills. By making learning engaging and fun our students are inspired to continue exploring the possibilities of the world around them!
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2024–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $120K | $163K | $161K | — | — | -$121K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
What it pays
Its ten highest-paid positions, by band:
- $1–39,9993 positions
- Permanent full-time positions3
- Total compensation, all staff$161K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Giorgio Del Bianco (not assigned); Soultana Tzimika (not assigned); Melanie Wengle (not assigned).
As listed on its 2024 return.
Check the source
Every figure on this page is from Inventor Academy’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 746715341RR0001), or read how we compute the receipt.