Sephardic Educational Foundation of Toronto
Publicly funded institution · Thornhill, Ontario · BN 119145514RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-08-31. Split of total expenditures ($1,482,055) as filed with the CRA.
Sephardic Educational Foundation of Toronto is a charitable organization based in Thornhill, 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 August 31, 2024, it reported $1.1M in revenue and $1.5M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 50% from donations. In 2024, 3 other registered charities reported granting it a combined $95K.
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 100% of that peer group. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 4 permanent full-time positions.
Its filed list of directors and trustees shows 5 names.
In its own words
The Charity assist Sephardic Educational Institutions and needy families.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $1.5M | $1.5M | $0 | $0 | $5.9M |
| 2023 | $1.1M | $1.4M | $1.4M | — | — | $6.2M |
| 2022 | $761K | — | $1.5M | — | — | $6.5M |
| 2021 | $810K | $1.6M | $1.5M | — | — | $7.1M |
| 2020 | $787K | $1.4M | $162K | — | — | $7.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $95K from 3 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9991 position
- $40,000–79,9993 positions
- Permanent full-time positions4
- Total compensation, all staff$269K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Jean Claude Abtan (past president); Eric Benchetrit (vice president); Leon Elmaleh (treasurer); Jimmy Keslassy (president); Sol Benchetrit (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Sephardic Educational Foundation of Toronto’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119145514RR0001), or read how we compute the receipt.