The Siro Martinello Memorial Bursary Fund Inc
Charitable organization · Windsor, Ontario · BN 891367948RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($8,760) as filed with the CRA.
The Siro Martinello Memorial Bursary Fund Inc is a charitable organization based in Windsor, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $5,979 in revenue and $8,760 in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 77% 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 40% of peers.
Revenue has grown substantially over its filings on record here, from $1,595 in 2020 to $5,979 in 2024. Its filed list of directors and trustees shows 14 names.
In its own words
Funds were raised through annual golf tournament and we used the funds to assist the young people of our community in furthering their educational dreams through their atheltic abilities. Financial bursaries are awarded to the students of university of windsor and st. Clair college. Donations were received from corporations and individuals for the above purpose also.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $5,979 | $8,760 | $7,500 | — | — | $37K |
| 2023 | $3,487 | $6,028 | — | — | — | $40K |
| 2022 | $4,740 | $4,600 | $4,000 | — | — | $43K |
| 2021 | $2,700 | $5,163 | — | — | — | $43K |
| 2020 | $1,595 | $4,979 | — | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Directors & trustees (2024)
Rick Boughner (director); Jack Costello (director); Tom Jones (director); Larry Martin (director); Carol Martinello (secretary); Gary Martinello (director); Jamie Martinello (director); Medo Martinello (director); Rich Martinello (director); Rick Martinello (president); Virginia Martinello (director); Wayne Martinello (director); Don Mensch (director); John Sanko (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Siro Martinello Memorial Bursary Fund Inc’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 891367948RR0001), or read how we compute the receipt.