Selm Academy
Publicly funded institution · Newmarket, Ontario · BN 723320537RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($691,505) as filed with the CRA.
Selm Academy is a charitable organization based in Newmarket, Ontario, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $2M in revenue and $692K in expenditures.
Its funding that year was roughly 66% from donations, 8% from other charities. In 2024, 5 other registered charities reported granting it a combined $134K.
Compared with 1,247 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 96% of peers. Its fundraising cost per donated dollar was lower than 90% of that peer group. None of its ten highest-paid positions cleared $40,000. The charity reported 11 permanent full-time positions.
It reported gifts to 2 qualified donees totalling $48K in 2024, the largest being $29K to Al-Ayn Social Care Foundation Canada.
In its own words
Selm Academy is a full-time registered primary school located in Ontario Canada. Each semester we deliver a comprehensive range of subjects in alignment with the Ontario Curriculum.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2023–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2M | $692K | $672K | $14K | $19K | $0 |
| 2023 | $0 | $0 | $0 | — | $0 | $0 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $48K to 2 qualified donees:
Received $134K from 5 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $1–39,99911 positions
- Permanent full-time positions11
- Total compensation, all staff$368K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Check the source
Every figure on this page is from Selm Academy’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 723320537RR0001), or read how we compute the receipt.