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DR. ADEKUNLE & MRS. ADEFUNKE ONABADEJO FOUNDATION

Private foundationSupport of schools and education·301 CREEKSTONE RISE · CALGARY, AB · T3L 0C9·BN 786026666RR0001·website ↗

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

Dr. Adekunle & Mrs. Adefunke Onabadejo Foundation is committed to advancing education by providing scholarships to the less privileged to enable them to get to their next level of education. The Foundation provides scholarships to elementary secondary and post-secondary students in any part of the world based on a demonstrated financial need and academic merit. No matter the educational level at which the Foundation starts to support a student the Foundation does not stop until the student completes a post-secondary education provided the student re-qualifies each year. For example when Show more

Dr. Adekunle & Mrs. Adefunke Onabadejo Foundation is committed to advancing education by providing scholarships to the less privileged to enable them to get to their next level of education. The Foundation provides scholarships to elementary secondary and post-secondary students in any part of the world based on a demonstrated financial need and academic merit. No matter the educational level at which the Foundation starts to support a student the Foundation does not stop until the student completes a post-secondary education provided the student re-qualifies each year. For example when the Foundation starts to support a student at the elementary level the Foundation sees the student through the secondary and post-secondary levels provided the student requalifies each year. In April of every year the Foundation announces the opening of scholarship applications for the upcoming school year through its website and social media. The Foundation also researches poor communities who would otherwise not be aware of this opportunity and directly inform their community leaders school headmasters and principals to invite students that require scholarships to attend elementary secondary or post-secondary school to submit their applications. Applications are accepted from April to May. In June the Foundation selects the students that receive scholarships from the pool of applications based on demonstrated financial need and academic merit. In July the Foundation will inform the successful applicants. In August the Foundation will verify that the successful applicants are still planning to attend school in the upcoming school year. The verification will include an official confirmation of enrollment and an invoice from the registrar's office both of which must be on the school's letterhead. The scholarships will comprise tuition fees and and if necessary a monthly allowance. The Foundation will transfer the tuition fees directly to the school's bank account and the monthly allowance to the student's bank account for every month that the student is in school. The monthly allowance will be contingent upon the student submitting a monthly progress report. The Foundation will recruit volunteers who have experience in academics to mentor the award recipients to ensure their success throughout the school year. No fees will be charged to the applicants at any time.

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)

0%

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)

1%

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)

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)

$11K

Last-reported total revenue.

T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗

Donor-funded

T1 · computed (open data)

100%

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, 20212024.

Period endRevenueCents to causeOverheadReserves
2021-12-31$0K
2022-12-31$9K95¢5%
2023-12-31$7K99¢1%
2024-12-31$11K99¢1%
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

4 directors reported · 0 of 4at arm's length

  • Omotayo, AdesolaChairman Presidentnot at arm's length
  • Omotayo, Olanrewajunot at arm's length
  • Omotayo, JohnTreasurernot at arm's length
  • Omotayo, SamuelSecretarynot 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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