The Chartered Professional Accountants Education Foundation of Newfoundland and Labrador Inc.
Public foundation · ST. John's, Newfoundland and Labrador · BN 899704985RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($87,244) as filed with the CRA.
The Chartered Professional Accountants Education Foundation of Newfoundland and Labrador Inc. is a public foundation based in ST. John's, Newfoundland and Labrador, classified by the CRA under support of schools and education. In its fiscal year ending April 30, 2024, it reported $66K in revenue and $87K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 95% from donations.
Compared with 3,624 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 60% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $50K in 2024, the largest being $50K to Memorial University of Newfoundland. Its filed list of directors and trustees shows 10 names.
In its own words
1. Provide awards to cpa students with the association of chartered professional accountants of nl. 2. Provides resource materials to faculty of business students at memorial university. 3. Provides career information on chartered professional accountancy to university students. 4. Awards scholarships to cpa's pursuing a doctoral program in accounting at a recognized university and to high school students interest in pursuing a career in the cpa profession.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $66K | $87K | $33K | — | $50K | $139K |
| 2023 | — | $50K | — | — | $50K | — |
| 2022 | $54K | $69K | $14K | — | $50K | $179K |
| 2021 | $53K | $70K | $17K | — | $50K | $193K |
| 2020 | $80K | $84K | $32K | — | $50K | $210K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $50K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Steve Bragg (chair); Samukele Chitsike (vice-chair); Jonothan Moore (treasurer); Jason Hillyard; Kealey Martin; Laura Wardle; Donna Peet; Sean McGrath; Jonathan McGrath; Jillian Rice.
As listed on its 2024 return.
Check the source
Every figure on this page is from The Chartered Professional Accountants Education Foundation of Newfoundland and Labrador Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 899704985RR0001), or read how we compute the receipt.