Obasi Children Foundation Ltd.
Private foundation · Calgary, Alberta · BN 769555665RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($7,973) as filed with the CRA.
Obasi Children Foundation Ltd. is a private foundation based in Calgary, Alberta, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1,410 in revenue and $7,973 in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 48% of peers.
As a grantmaker, it reported gifts to 11 qualified donees totalling $1,350 in 2024, the largest being $250 to University of Waterloo. Revenue has declined over its filings on record here, from $56K in 2021 to $1,410 in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The Foundation received approval effective on October 12 2021 and activities commenced in the fiscal year 2022. As per the governing document the charity will receive and maintain a fund or funds and will apply all or part of its principal and income from time to time to qualified donees as defined in sub-section 149.1(1) of the Income Tax Act of Canada. During the 2024 fiscal year the Foundation issued charitable donations to the following qualified donees in accordance with its governing document: ALBERTA CHILDREN's HOSPITAL FOUNDATION (13037 3244 RR0001) CALGARY FOOD BANK (1301673…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1,410 | $7,973 | $6,000 | — | $1,350 | $22K |
| 2023 | $30 | $10K | $8,563 | $1 | $1,535 | $28K |
| 2022 | $268 | $11K | $7,625 | $11 | $1,414 | $47K |
| 2021 | $56K | $0 | — | — | — | $56K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1,350 to 11 qualified donees:
- University of Waterloo$250
- Alberta Children's Hospital Foundation$200
- Mount Royal University Foundation$100
- Fear Is Not Love Society$100
- Canadian Tire Jumpstart Charities/Oeuvre Bon Depart de Canadian Tire$100
- Kidsports Canada$100
- Inn From the Cold Society$100
- Vivo for Healthier Generations Society$100
- President's Choice Children's Charity-La Fondation pour les la Fondation pour les Enfants le Choix du Président$100
- Janus Academy Society$100
- Faith Food Bank Society$100
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Edmund Obasi (chairman / president); Justice Obasi (vice chairman / vice president); Sabrina Obasi (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from Obasi Children Foundation Ltd.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 769555665RR0001), or read how we compute the receipt.