Valspec Inc.
Charitable organization · Salaberry-De-Valleyfield, Quebec · BN 125146258RR0001 · Education in the Arts
Source: T3010 return, FPE 2024-05-31. Split of total expenditures ($5,054,189) as filed with the CRA.
Valspec Inc. is a charitable organization based in Salaberry-De-Valleyfield, Quebec, classified by the CRA under education in the arts. In its fiscal year ending May 31, 2024, it reported $5.2M in revenue and $5.1M in expenditures.
Its funding that year was roughly 22% from government.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 62% of peers. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 12 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $2.9M in 2020 to $5.2M in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
Son principal mandat est de contribuer à l'enrichissement de la collectivité par l'animation et la diffusion culturelle soutenues variées et pluridisciplinaires. Valspec oeuvre dans le développement des pratiques des disciplines et des publics par l'entremise d'une programmation de spectacles diversifiés l'accueil d'artistes en résidence et l'élaboration d'activités de sensibilisation originales
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $5.2M | $5.1M | $4.5M | — | — | $605K |
| 2023 | $4.3M | $4.4M | $3.9M | — | — | $484K |
| 2022 | $3.3M | $3M | $2.5M | — | — | $609K |
| 2021 | $2.1M | $1.5M | $1.1M | — | — | $234K |
| 2020 | $2.9M | $2.8M | $2.3M | — | — | -$236K |
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
- $40,000–79,9999 positions
- Permanent full-time positions12
- Total compensation, all staff$971K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Réjean Guimont (administrateur); Robert Himbeault (administrateur); Jean-Pierre Leduc (administrateur); Jacques Lemieux (trésorier); Éric Rochette (administrateur); Benoit Sauvé (administrateur); Lyne Valade (administratrice).
As listed on its 2024 return.
Check the source
Every figure on this page is from Valspec Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 125146258RR0001), or read how we compute the receipt.