Somerset Academy
Publicly funded institution · Markham, Ontario · BN 100405299RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-08-31. Split of total expenditures ($1,556,484) as filed with the CRA.
Somerset Academy is a charitable organization based in Markham, 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 $1.6M in revenue and $1.6M in expenditures.
In 2024, 2 other registered charities reported granting it a combined $14K.
Compared with 1,247 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 37% of peers. Its highest-paid positions fell in the $40,000–79,999 range (10 positions in that band). The charity reported 22 permanent full-time positions.
Its filed list of directors and trustees shows 3 names.
In its own words
Providing teaching/childcare services from junior kindergarten program through grade eight
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.6M | $1.6M | $1.3M | — | — | -$160K |
| 2023 | $1.6M | $1.6M | $1.3M | — | $310 | -$237K |
| 2022 | $1.4M | $1.5M | $1.2M | — | $2,400 | -$228K |
| 2021 | $1.4M | $1.3M | $1.1M | — | $2,000 | -$213K |
| 2020 | $1.5M | $1.3M | $1M | — | — | -$313K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $14K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,99910 positions
- $1–39,99912 positions
- Permanent full-time positions22
- Total compensation, all staff$1M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Katherine Sze Chi Kwok (president); Ki on Yu (secretary); Vivian Yuk Yi Wong (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Somerset Academy’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 100405299RR0001), or read how we compute the receipt.