Rick's Heart Foundation
Private foundation · Burnaby, British Columbia · BN 823822887RR0001 · Foundations · website
Source: T3010 return, FPE 2024-08-30. Split of total expenditures ($486,438) as filed with the CRA.
Rick's Heart Foundation is a private foundation based in Burnaby, British Columbia, classified by the CRA under foundations. In its fiscal year ending August 30, 2024, it reported $381K in revenue and $486K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 20% from donations, 5% from government, 74% from other charities. In 2024, 8 other registered charities reported granting it a combined $403K.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 72% of peers. Its highest-paid positions fell in the $40,000–79,999 range (2 positions in that band). The charity reported 2 permanent full-time positions.
As a grantmaker, it reported gifts to 36 qualified donees totalling $67K in 2024, the largest being $34K to Korle-Bu Foundation. Revenue has grown substantially over its filings on record here, from $110K in 2020 to $381K in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
Raise awareness and funds for people facing homelessness addiction isolation and poverty. - Heart for Music - helps to reach those who feel forgotten or left behind. Close giving gaps by initiating new programs or making possible the work of other charities. …
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $381K | $486K | $404K | — | $67K | $34K |
| 2023 | $654K | $482K | $326K | — | $140K | $143K |
| 2022 | $326K | $335K | $229K | — | $95K | -$34K |
| 2021 | $294K | $300K | $225K | — | $56K | -$24K |
| 2020 | $110K | $128K | $73K | — | $44K | -$18K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $67K to 36 qualified donees — largest 25 shown:
- Korle-Bu Foundation$34K
- David McAntony Gibson Foundation$11K
- Whistler Adaptive Sports Program Society$5,195
- Nanaimo District Senior Citizens' Housing Development Society$2,500
- Canadahelps Canadon$2,312
- Rotary Club of Tsawwassen Charitable Society$2,060
- Whistler Community Services Society$1,022
- VGH & Ubc Hospital Foundation$1,000
- The Good Samaritan Society (a Lutheran Social Service Organization)$995
- Baptist Housing Oak Bay Care Society$829
- Saskatchewan Health Authority$687
- Southern Health$458
- Royal University Hospital Foundation Inc.$458
- Better Living Charitable Foundation$270
- United Mennonite Home for the Aged$269
- ST. Joseph's Lifecare Foundation Brantford$269
- Niagara Ina Grafton Gage Foundation$269
- Alberta Health Services$269
- The Governing Council of the Salvation Army in Canada/conseil de Direction de l'Armée du Salut du Canada$250
- Delta Hospital and Community Health Foundation$250
- ST. Paul's Foundation of Vancouver$229
- ST. Joseph's Hospital of Macklin$229
- Providence Place for Holistic Health Inc.$229
- Nipawin Region Health Foundation Inc.$229
- Menno Home for the Aged Grunthal Man.$229
Received $403K from 8 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9992 positions
- Permanent full-time positions2
- Total compensation, all staff$164K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Richard Diamond (director); Nolen Diamond (director); Robert Lang (director); Michael Musgrove (director); Jeffrey Schwarz (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Rick's Heart Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 823822887RR0001), or read how we compute the receipt.