OBASI CHILDREN FOUNDATION LTD.
Private foundationFoundations·308 PANORA CLOSE NW · CALGARY, AB · T3K 0G3·BN 769555665RR0001
Last reported: F2024 filing · period ending 2024-12-31
This is a foundation: it mostly grants money to other charities, so program-spending ratios are the wrong lens. We show the share of spending disbursed to qualified donees instead.
What it does — in its own words
Ongoing programs
The Foundation received approval effective on October 12 2021 and activities commenced in the fiscal year 2022. As per the governing document the charity will receive and maintain a fund or funds and will apply all or part of its principal and income from time to time to qualified donees as defined in sub-section 149.1(1) of the Income Tax Act of Canada. During the 2024 fiscal year the Foundation issued charitable donations to the following qualified donees in accordance with its governing document: ALBERTA CHILDREN's HOSPITAL FOUNDATION (13037 3244 RR0001) CALGARY FOOD BANK (1301673… Show more
The Foundation received approval effective on October 12 2021 and activities commenced in the fiscal year 2022. As per the governing document the charity will receive and maintain a fund or funds and will apply all or part of its principal and income from time to time to qualified donees as defined in sub-section 149.1(1) of the Income Tax Act of Canada. During the 2024 fiscal year the Foundation issued charitable donations to the following qualified donees in accordance with its governing document: ALBERTA CHILDREN's HOSPITAL FOUNDATION (13037 3244 RR0001) CALGARY FOOD BANK (130167349RR0001) Janus Academy (88970-4144-RR-0001) President’s Choice Children’s Charity (86842 1546 RR0001) Vivo for Healthier Generations Society (883082117 RR 0001) Inn From The Cold (870823648RR0001) KIDSPORTS CANADA (86212 5986 RR0003) CANADIAN TIRE JUMPSTART (Kids sports) (13792 9451 RR 0002) Fear is not Love (Domestic Violence) (12988 3443 RR0001) University of Waterloo (119260685RR0001) Mount Royal University (MRU) Foundation (140621103RR0001)
New programs
The Foundation will undertake the following new programs in the future that are ancillary and incidental to the attainment of its charitable purposes: - Volunteering at children's field and sporting activities - Homeless Children Outreach: Provides support for homeless children - Food donation drop-off Outreach: Provide food donation to the needy - Unified Sport Program: Organize unified sporting events among disabled and non disabled children to uplift the spirit of disabled & autistic children. - Sick Children Outreach: Provides toys for sick children to uplift their spirit
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.
Disbursed to qualified donees
T1 · computed (open data)17%
Per its F2024 T3010, this share of total spending went to other registered charities.
T3010 line 5050 ÷ 5100 · Self-reported on the T3010; not independently verified. source ↗
Operating overhead
T1 · computed (open data)9%
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)3.6 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)$1K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)0%
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, 2021–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2021-12-31 | $56K | — | — | — |
| 2022-12-31 | $0K | 78¢ | 22% | 6.2 yr |
| 2023-12-31 | $0K | 100¢ | 0% | 3.2 yr |
| 2024-12-31 | $1K | 91¢ | 9% | 3.6 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
3 directors reported · 0 of 3at arm's length
- Obasi, Edmund EChairman / Presidentnot at arm's length
- Obasi, Justice EVice Chairman / Vice Presidentnot at arm's length
- Obasi, Sabrina NSecretarynot at arm'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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