Omega Foundation
Public foundation · Toronto, Ontario · BN 136402948RR0001 · Community Resource Organizations · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($15,182) as filed with the CRA.
Omega Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under community resource organizations.
In 2023, 1 other registered charity reported granting it a combined $210K.
Its highest-paid position fell in the $160,000–199,999 range. The charity reported 2 permanent full-time positions.
Its filed list of directors and trustees shows 2 names.
In its own words
The Omega Foundation developed and supported initiatives that promote the financial self-sufficiency through micro-finance and enhancing the savings capacity and financial literacy of low income families. The foundation had undertaken the SmartSaver program to help families find out how to start an RESP and how to obtain available government funds for their children's post secondary education. All programs were wound up at year end March 31st 2023. The charity is inactive as of April 1 2023.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | — | $15K | — | — | — | -$6,012 |
| 2023 | $430K | $450K | $402K | — | — | -$829 |
| 2022 | $649K | $546K | $492K | $0 | — | $19K |
| 2021 | $250K | — | — | — | — | -$84K |
| 2020 | $800K | $760K | — | — | — | $131K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Received $210K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $160,000–199,9991 position
- $120,000–159,9991 position
- Permanent full-time positions2
- Total compensation, all staff$365K
Schedule 3 of its 2023 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Martin Connell (president); Linda Haynes (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Omega Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 136402948RR0001), or read how we compute the receipt.