Mackenzie Innovation Institute
Charitable organization · Richmond Hill, Ontario · BN 812592392RR0001 · Research · website
Source: T3010 return, FPE 2023-03-31. Split of total expenditures ($95,333) as filed with the CRA.
Mackenzie Innovation Institute is a charitable organization based in Richmond Hill, Ontario, classified by the CRA under research. In its fiscal year ending March 31, 2023, it reported $31K in revenue and $95K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,781 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 31% of peers.
Revenue has declined over its filings on record here, from $709K in 2020 to $31K in 2023. Its filed list of directors and trustees shows 4 names.
In its own words
Mackenzie innovation institue (m12) trans-formative process methodology allowed clinicians to define problem statements which are then jointly reviewed by clinical and non-clinical process stakeholders. M12 worked with industry and academic partners in order to identify new technologies or processes. Unique methodologies were embedded in the iterative design process and then analyzed both clinical and non-clinical project outcomes before diffusing new innovations outward.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2023
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2023 | $31K | $95K | $74K | — | — | $0 |
| 2022 | $29K | $212K | $186K | — | — | $0 |
| 2021 | $518K | $289K | $267K | — | — | $0 |
| 2020 | $709K | $459K | $378K | — | — | $0 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Directors & trustees (2023)
Joby McKenzie (board chair); Robert Fox (director); Melissa Chee (director); Sandra Ketchen (director).
As listed on its 2023 return.
Check the source
Every figure on this page is from Mackenzie Innovation Institute’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 812592392RR0001), or read how we compute the receipt.