Black Opportunity Fund
Charitable organizationUpholding human rights·33 - 77 KING ST W · TORONTO, ON · M5K 2A1·BN 727678070RR0001·website ↗
Last reported: F2024 filing · period ending 2024-03-31
What it does — in its own words
Ongoing programs
Held Consultations and Townhalls to educate the public on issues affecting Black Canadians Black Entrepreneur Program to provide wrap around supports: business education financial literacy skill straining and other supports to help build their capacity and knowledge to operate successful and sustainable businesses. A Canada wide financing program aimed at entrepreneurs who had been recently declined lending by a Canadian financial institution. A Canada wide grant program for B3 focused on 2 of BOFs mandate areas: 1. Arts & Culture and 2. Criminal Justice Partnerships with other black commu… Show more
Held Consultations and Townhalls to educate the public on issues affecting Black Canadians Black Entrepreneur Program to provide wrap around supports: business education financial literacy skill straining and other supports to help build their capacity and knowledge to operate successful and sustainable businesses. A Canada wide financing program aimed at entrepreneurs who had been recently declined lending by a Canadian financial institution. A Canada wide grant program for B3 focused on 2 of BOFs mandate areas: 1. Arts & Culture and 2. Criminal Justice Partnerships with other black community organizations in research and surveys in support of the improvement of the well-being of Black Canadians.
New programs
Launched the B3 Capacity Building Program which includes a structured curriculum developed in partnership with the Black Canadian Fundraisers’ Collective (BCFC) Management Advisory Services (MAS) with resources from Imagine Canada (IC). This is for Not for Profit organizations. B3 organizations (Not for Profits) in the program will build their operational capacity. Other community partners will providing funding support for awards. Launched the BOF Women and Gender Identity Diversity Inclusion & Equity (DEI) targeted towards Charities.
Program descriptions from its F2024 T3010 filing, verbatim · self-reported · this is also the text our semantic search matches against. source ↗
Tier 1 — what we computed (open data)
From the charity's own F2024 T3010 filing. Self-reported; not independently verified. You can recompute every figure.
Cents to cause
T1 · computed (open data)54¢
Per its F2024 T3010, 54¢ of each dollar spent went to programs.
Sector median: 89¢ across 55,155 computed charities.
T3010 line 5000 ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Operating overhead
T1 · computed (open data)46%
Management, administration, and fundraising as a share of total spending. We treat 5–35% as the typical range; we state the figure, you judge.
T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Reserves
T1 · computed (open data)5.6 yr
Years current reserves could cover program spending.
Sector quartiles: 0.4 yr / 0.8 yr / 7.5 yr (p25 / median / p90).
T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗
Total revenue
T1 · computed (open data)$3.7M
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)13%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Government-funded
T1 · computed (open data)0%
Share of revenue from federal, provincial, and municipal sources.
T3010 line 4570 (or 4540+4550+4560) ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Over the years
Every figure as filed at each fiscal period end, 2022–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2022-03-31 | $493K | 100¢ | 0% | 7.5 yr |
| 2023-03-31 | $2.7M | 90¢ | 10% | 3.5 yr |
| 2024-03-31 | $3.7M | 54¢ | 46% | 5.6 yr |
| trend |
From its T3010 filings (CRA annual releases) · self-reported, not audited by us · when a period is restated in a later release, the newest figures are shown · ✱ = cents-to-cause outside the valid 0–100% range (filing error; not used in rankings). source ↗
★ Tier 2 — Charity Intelligence (analyst-reviewed)
Not rated by Charity Intelligence. Their analysts cover 618 of Canada's 83,761 charities; absence of a rating says nothing about this charity. Our computed figures above stand on their own.
Board of directors
20 directors reported · 20 of 20at arm's length
- WILLIAMS, RAYCHAIRarm's length
- OLAWOYE, LEKANDIRECTORarm's length
- NKEMDIRIM, CHIMADIRECTORarm's length
- SALAMI, OLUWABUKOLADIRECTORarm's length
- ATTANASIO, MARKDIRECTORarm's length
- SEKYI-OTU, ATODIRECTORarm's length
- MITCHELL, DENNISDIRECTORarm's length
- EMERSON, CHARMAINDIRECTORarm's length
- CROOKS, CHARMAINEDIRECTORarm's length
- LYNCH, COLINDIRECTORarm's length
Show all 20 directors
- McIntosh, EleanorDIRECTORarm's length
- WALWYN, DONNAVICE CHAIRarm's length
- SOUTHWELL, RUSTUMDIRECTORarm's length
- MCCOLL, VELMADIRECTORarm's length
- de Paul Nkombou, FrancoisDIRECTORarm's length
- Sall Diagne, GuoroDIRECTORarm's length
- Burgesson, AlfredDIRECTORarm's length
- Cranston, JeromeDIRECTORarm's length
- O'Brien, FionaDIRECTORarm's length
- Adewuyi, BukkieDIRECTORarm's length
From its F2024T3010 filing (public CRA record), as filed. “Arm's length” means not related to other officials by family or business ties. source ↗
Right of reply
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