Momentum Community Economic Development Society
Charitable organization · Calgary, Alberta · BN 883793218RR0001 · Organizations Relieving Poverty · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($10,604,269) as filed with the CRA.
Momentum Community Economic Development Society is a charitable organization based in Calgary, Alberta, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported $10.8M in revenue and $10.6M in expenditures.
Its funding that year was roughly 12% from donations, 43% from government, 37% from other charities. In 2024, 37 other registered charities reported granting it a combined $4.1M.
Compared with 147 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 16% of peers. Its fundraising cost per donated dollar was higher than 84% of that peer group. Its highest-paid position fell in the $200,000–249,999 range. The charity reported 65 permanent full-time positions.
Its filed list of directors and trustees shows 12 names.
In its own words
The Society's programs include: Business development and community initiatives programs skills training programs financial literacy programs and business services. All the programs are geared toward the low income earners which include the unemployed underemployed and hard to employ individuals. During the year volunteers contributed 1 222 hours of services to assist the Society in carrying out services. In addition the organization strengthened its engagement with indigenous communities and continues its works with community and government to advance work in areas that enhance income in …
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $10.8M | $10.6M | $8M | $657K | — | $4.6M |
| 2023 | $10.8M | $11.6M | $9.1M | $801K | — | $4.6M |
| 2022 | $11.8M | $11.1M | $8.7M | $645K | — | $4.5M |
| 2021 | $9.3M | $9.3M | $7.4M | $562K | — | $4.2M |
| 2020 | $9.2M | $8.6M | $6.9M | $456K | — | $3.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $4.1M from 37 charities:
- United Way of Calgary and Area$939K
- United Way of Calgary and Area$500K
- Charitable Gift Funds Canada Foundation$387K
- The Calgary Foundation$372K
- Hunter Family Foundation$200K
- Kanovsky Family Foundation$200K
- Canadian Online Giving Foundation$157K
- Viewpoint Foundation$155K
- The Carrera Foundation$125K
- Ptarmigan Charitable Foundation$117K
- Carthy Foundation$115K
- Rideau Hall Foundation$112K
- Calgary Learns Association$108K
- United Way of Calgary and Area$85K
- RBC Foundation$75K
- The Auxilium Foundation$60K
- Purple Platypus$50K
- The Anonymous Foundation$50K
- United Way of Calgary and Area$46K
- Max Bell Foundation$38K
- Olympia Charitable Foundation$25K
- BenefAction Foundation$24K
- Canadahelps Canadon$24K
- Canadahelps Canadon$24K
- The AIMCo Foundation for Financial Education$20K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $200,000–249,9991 position
- $120,000–159,9997 positions
- $80,000–119,9992 positions
- Permanent full-time positions65
- Total compensation, all staff$6.8M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Fiana Bakshan (past chair); Luiza Campos (chair); Art Cunningham (director); Peter Harrison (vice chair); Lori Scotvold (director); Lynne Allan (treasurer and secretary); Kelly Thompson (director); Mahruhk Tahir (director); Oldapo Bankole (director); Charles Buchanan (director); Nafisa Tejani (director); Gabriela Gonzalez (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Momentum Community Economic Development Society’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 883793218RR0001), or read how we compute the receipt.