Nikean Foundation
Private foundation · Mississauga, Ontario · BN 722849486RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($118,110) as filed with the CRA.
Nikean Foundation is a private foundation based in Mississauga, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $50K in revenue and $118K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 46% of peers. None of its ten highest-paid positions cleared $40,000. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 1 qualified donee totalling $50K in 2024, the largest being $50K to Remedy Institute. Revenue has declined over its filings on record here, from $1.8M in 2020 to $50K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
1. Remedy Institute - Research Study - Cognitive Behavioural Conjoint Therapy; MDMA for treatment of PTSD in Couples Counselling 2. University Health Network - Psychedelic Psychotherapy Research Group
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $50K | $118K | $57K | — | $50K | -$62K |
| 2023 | $811K | $902K | $295K | — | $585K | $5,684 |
| 2022 | $230K | $1.3M | $129K | — | $930K | $97K |
| 2021 | $1.8M | $1.4M | $13K | — | $1.3M | — |
| 2020 | $1.8M | $1.1M | $672 | — | $1M | $698K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $50K to 1 qualified donee:
- Remedy Institute$50K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $1–39,9991 position
- Permanent full-time positions1
- Total compensation, all staff$39K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Sanjay Singhal (executive director); Linda Medeiros (director); Tura Patterson (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Nikean Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 722849486RR0001), or read how we compute the receipt.