Wellspring Cultural Foundation
Charitable organization · Toronto, Ontario · BN 119290963RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($585,147) as filed with the CRA.
Wellspring Cultural Foundation is a charitable organization based in Toronto, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $842K in revenue and $585K in expenditures.
Its funding that year was roughly 61% from donations, 19% from other charities. In 2024, 8 other registered charities reported granting it a combined $131K.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 82% of peers. Its fundraising cost per donated dollar was lower than 90% of that peer group. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 2 permanent full-time positions.
It reported gifts to 2 qualified donees totalling $57K in 2024, the largest being $45K to F.c.e. Fondation pour la Culture et l'Education/f.c.e. Foundation Culture Education. Its filed list of directors and trustees shows 11 names.
In its own words
During the period covered by the return Wellspring operated a centre in which it imparted activities of spiritual and doctrinal formation such as retreats evenings of recollection classes on Church teaching personal spiritual guidance etc. It also provided the premises for another Canadian registered charity to operate a university student residence and centre of formation
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $842K | $585K | $507K | $4,067 | $57K | $4.2M |
| 2023 | $1M | $610K | $450K | $31K | $107K | $4M |
| 2022 | $776K | $537K | $445K | $13K | $46K | $3M |
| 2021 | $838K | $510K | $441K | $0 | $51K | $3.3M |
| 2020 | $644K | $465K | $392K | $3,587 | $46K | $3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $57K to 2 qualified donees:
Received $131K from 8 charities:
- The Canadian Foundation for Cooperation and Development/la Fondation Canadienne pour la Cooperation et le Developpement$95K
- Charitable Gift Funds Canada Foundation$13K
- Canadahelps Canadon$7,116
- Vancouver Foundation$5,000
- The Jane Skoryna Foundation$5,000
- O'Mahoney Family Foundation$3,900
- Canadian Online Giving Foundation$1,197
- The Lowidt Foundation$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- $1–39,9991 position
- Permanent full-time positions2
- Total compensation, all staff$148K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Robert Taylor (president); Anthony Schratz (secretary); Leslie Tomory (director); Christopher Nivet (vice president); Jean-Marie Chan Kin (treasurer); Peter AArssen (director); Jason Gennaro (director); Ryan Khurana (director); Gil Crooc (director); Luigi Umali (director); Charles Sendegeya (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Wellspring Cultural Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119290963RR0001), or read how we compute the receipt.