Rise Asset Development
Charitable organization · Toronto, Ontario · BN 801862822RR0001 · Organizations Relieving Poverty · website
Source: T3010 return, FPE 2024-04-30. Split of total expenditures (—) as filed with the CRA.
Rise Asset Development is a charitable organization based in Toronto, Ontario, classified by the CRA under organizations relieving poverty. In its fiscal year ending April 30, 2024, it reported $3.1M in revenue.
Its funding that year was roughly 35% from donations, 31% from government, 30% from other charities. In 2024, 31 other registered charities reported granting it a combined $1M.
Its highest-paid position fell in the $200,000–249,999 range.
Its filed list of directors and trustees shows 9 names.
In its own words
Rise’s Small Business Lending program serves a growing number of entrepreneurs facing barriers to employment in Communities across Canada covering all provinces and territories. Rise also operates several online training programs: Youth Small Business Program Peer Supported Startup Program for adults and the Women+ Training Program.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $3.1M | — | — | — | — | $0 |
| 2023 | $2.6M | $2.5M | $2M | $32K | — | $2M |
| 2022 | $2.1M | $2.2M | $1.7M | $23K | — | $1.8M |
| 2021 | $2.2M | $1.9M | $1.5M | — | — | $1.9M |
| 2020 | $2.6M | $1.9M | $1.5M | — | — | $1.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $1M from 31 charities:
- The Azrieli Foundation$200K
- Balsam Foundation$150K
- RBC Foundation$100K
- The Rotman Family Foundation$100K
- The Garron Foundation$100K
- Nicola Wealth Private Giving Foundation$71K
- Co-operators Community Fund (Charity)$40K
- Fondation Écho /echo Foundation$40K
- Canadian Online Giving Foundation$35K
- Toronto Foundation$30K
- The William and Nona Heaslip Foundation$25K
- The 1988 Foundation$25K
- The Henry White Kinnear Foundation$25K
- The Windsor Foundation$25K
- The Catherine and Maxwell Meighen Foundation$20K
- The Barnes Family Charitable Foundation$20K
- United Way of Greater Toronto$6,600
- Nosreap Family Foundation$5,000
- Hylcan Foundation$5,000
- BenefAction Foundation$5,000
- Fondation Écho /echo Foundation$5,000
- Charles & Eve Chang Foundation$5,000
- Nosreap Family Foundation$2,500
- Charitable Gift Funds Canada Foundation$2,000
- Canadahelps Canadon$1,716
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
- $160,000–199,9991 position
- $80,000–119,9994 positions
- $40,000–79,99913 positions
- Total compensation, all staff$1.6M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Thomas Little (director); Lori Spadorcia (chair); Nikki Moffat (treasurer); Boafoa Kwamena (secretary); Raksha Bhayana (director); Philippe Savoy (director); Tassan Sung (director); Tamara Bahry (director); Thomas Scheuring (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Rise Asset Development’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 801862822RR0001), or read how we compute the receipt.