Montcrest School
Publicly funded institution · Toronto, Ontario · BN 119044741RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($12,918,311) as filed with the CRA.
Montcrest School is a charitable organization based in Toronto, Ontario, 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 June 30, 2024, it reported $14.2M in revenue and $12.9M in expenditures.
In 2024, 8 other registered charities reported granting it a combined $242K.
Compared with 733 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 14% of peers. Its highest-paid position fell in the $250,000–299,999 range. The charity reported 67 permanent full-time positions.
Its filed list of directors and trustees shows 11 names.
In its own words
Operation of an independent elementary day school.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $14.2M | $12.9M | $9.1M | $288K | — | $14.1M |
| 2023 | $13.6M | $11.9M | $8.3M | $238K | $0 | $12.8M |
| 2022 | $12.3M | $11.4M | $8M | $131K | — | $11.2M |
| 2021 | $11.7M | $10.8M | $7.8M | $123K | — | $10.3M |
| 2020 | $11.4M | $10.4M | $8.3M | $258K | — | $9.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $242K from 8 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $250,000–299,9991 position
- $160,000–199,9993 positions
- $120,000–159,9996 positions
- Permanent full-time positions67
- Total compensation, all staff$9.3M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Isabelle Bissonnette (chair); Ruth Goba; Sarah Lerchs (secretary); Donna Lindell; Allison Jelley; Renee Kennedy; Warwick Marchant; Barbara McLean; Candra Reynolds; Colette Tom (treasurer); Craig Race.
As listed on its 2024 return.
Check the source
Every figure on this page is from Montcrest School’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119044741RR0001), or read how we compute the receipt.