The Foundation for the Study of Objective Art
Private foundation · Toronto, Ontario · BN 139565071RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($472,856) as filed with the CRA.
The Foundation for the Study of Objective Art is a private foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2024, it reported $487K in revenue and $473K in expenditures.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 73% of peers. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 4 permanent full-time positions.
Revenue has declined over its filings on record here, from $3.2M in 2020 to $487K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
Gallery arcturus is a not-for-profit contemporary art exhibition and art education centre located in downtown toronto. It is funded and operated by the foundation for the study of objective art a private foundation. The gallery also provides an outstanding opportunity for contemporary visual artists to display their work without the pressures of commercial considerations. The gallery seeks to exhibit works which engage the viewers sensations and feelings in a movement toward self-transcendence.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $487K | $473K | $442K | — | — | $7M |
| 2023 | $69K | $493K | $462K | — | — | $7M |
| 2022 | -$1M | $477K | $450K | — | — | $7.4M |
| 2021 | $371K | $2.8M | $2.8M | — | — | $8.9M |
| 2020 | $3.2M | $417K | $392K | — | — | $11.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
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$340K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
James Anthony (president); Tonie Norman (director); Barbara Kellam (director); Carlos Amestoy (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Foundation for the Study of Objective Art’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 139565071RR0001), or read how we compute the receipt.