Nicola Valley Institute of Technology
Publicly funded institution · Merritt, British Columbia · BN 107774598RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($21,523,207) as filed with the CRA.
Nicola Valley Institute of Technology is a charitable organization based in Merritt, British Columbia, 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 March 31, 2024, it reported $21.9M in revenue and $21.5M in expenditures.
Its funding that year was roughly 65% from government. Government funding is the majority of its budget. In 2024, 6 other registered charities reported granting it a combined $45K.
Its highest-paid position fell in the $200,000–249,999 range. The charity reported 117 permanent full-time positions.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $21.9M | $21.5M | — | — | — | $8.5M |
| 2023 | $19.7M | $19.5M | $16M | — | — | $8.2M |
| 2022 | $18.5M | $18.2M | $15.2M | — | — | $8M |
| 2021 | $16.8M | $15.7M | $12.9M | — | — | $7.7M |
| 2020 | $18M | $17.4M | $15M | — | — | $6.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $45K from 6 charities:
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
- $160,000–199,9993 positions
- $120,000–159,9996 positions
- Permanent full-time positions117
- Total compensation, all staff$12.2M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Check the source
Every figure on this page is from Nicola Valley Institute of Technology’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 107774598RR0001), or read how we compute the receipt.