Nexcap Fondation
Private foundation · Magog, Quebec · BN 786960807RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($600,751) as filed with the CRA.
Nexcap Fondation is a private foundation based in Magog, Quebec, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $981K in revenue and $601K in expenditures.
Its funding that year was roughly 51% from donations.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 43% of peers. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 13 qualified donees totalling $248K in 2024, the largest being $100K to The Foundation ofthe 'Université de Sherbrooke'. Revenue has grown substantially over its filings on record here, from $23K in 2022 to $981K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
1) Promouvoir l'éducation en offrant un accompagnement des bourses d'études et autres formes d'aide financière à des jeunes adultes ayant un parcours scolaire atypique afin de les soutenir et de les encourager dans la poursuite d'études postsecondaires. 2) Venir en aide par l'entremise de dons à d'autres organismes reconnus en matière d'éducation et de bienfaisance.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2022–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $981K | $601K | $226K | — | $248K | $5.5M |
| 2023 | $1.5M | $768K | $140K | — | $560K | $4.7M |
| 2022 | $23K | $252K | $33K | — | $146K | $3.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $248K to 13 qualified donees:
- The Foundation ofthe 'Université de Sherbrooke'$100K
- Fondation du centre jeunesse de la Montérégie$45K
- Espace M$40K
- Fondation Christian Vachon$28K
- Fondation du Centre Hospitalier Universitaire de Sherbrooke Inc.$10K
- Fondation David-Chiasson$5,000
- True Patriot Love Foundation$5,000
- L'Arret-source inc.$5,000
- La Fondation Yvon Deschamps Centre-Sud$5,000
- Association de montréal pour la déficience intellectuelle/Montréal Association For The Intellectually Handicapped$2,000
- Musee International d'Art Naif de Magog$1,000
- Corporation Route d'Enfants Inc$1,000
- Fondation du Centre de Formation Professionnelle 24-Juin$1,000
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
- Permanent full-time positions1
- Total compensation, all staff$55K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Johanne Bellemare (présidente); Pierre Marcouiller (vice-président); Normand Potvin (trésorier).
As listed on its 2024 return.
Check the source
Every figure on this page is from Nexcap Fondation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 786960807RR0001), or read how we compute the receipt.