MARS DISCOVERY DISTRICT
Charitable organizationFoundations·100 - 101 COLLEGE ST · TORONTO, ON · M5G 1L7·BN 876682717RR0001
Last reported: F2024 filing · period ending 2024-03-31
What it does — in its own words
Ongoing programs
MARS (WWW.MARSDD.COM) IS A LEADING URBAN INNOVATION HUB LOCATED IN TORONTO'S DISCOVERY DISTRICT. MARS SUPPORTS YOUNG HIGH GROWTH VENTURES IN THE HEALTH CLEANTECH AND INFORMATION TECHNOLOGY SECTORS WHILST CONNECTING CUSTOMERS PARTNERS TALENT AND CAPTIAL IN AN EFFORT TO ACCELERATE INNOVATION FOR THE PUBLIC AT LARGE. MARS REMOVES BARRIERS AND FACILITATES THE ADOPTION OF INNOVATION IN COMPLEX OR REGULATED SYSTEMS SUCH AS HEALTH AND ENERGY TO OPEN NEW MARKETS IN CANADA AND ELSEWHERE. THIS DISTINCTIVE APPROACH WHICH ACTIVELY CONNECTS SUPPLY (VENTURES) AND DEMAND (MARKETS AND SYSTEMS) IS DELI… Show more
MARS (WWW.MARSDD.COM) IS A LEADING URBAN INNOVATION HUB LOCATED IN TORONTO'S DISCOVERY DISTRICT. MARS SUPPORTS YOUNG HIGH GROWTH VENTURES IN THE HEALTH CLEANTECH AND INFORMATION TECHNOLOGY SECTORS WHILST CONNECTING CUSTOMERS PARTNERS TALENT AND CAPTIAL IN AN EFFORT TO ACCELERATE INNOVATION FOR THE PUBLIC AT LARGE. MARS REMOVES BARRIERS AND FACILITATES THE ADOPTION OF INNOVATION IN COMPLEX OR REGULATED SYSTEMS SUCH AS HEALTH AND ENERGY TO OPEN NEW MARKETS IN CANADA AND ELSEWHERE. THIS DISTINCTIVE APPROACH WHICH ACTIVELY CONNECTS SUPPLY (VENTURES) AND DEMAND (MARKETS AND SYSTEMS) IS DELIVERING RESULTS - - AND IS ATTRACTING GLOBAL ATTENTION. MARS HAS CONSISENTLY CHAMPIONED AN AMBITIOUS BUT UNIQUELY CANADIAN VERSION OF INNOVATION - ONE THAT AIMS BOTH TO GROW OUR ECONOMY AND MAKE A POSITIVE DIFFERENCE IN THE LIVES OF CANADIANS AND OTHERS AROUND THE WORLD. MARS WORKS WITH AND RECIEVES SUPPORT FROM A RANGE OF PRIVATE AND PUBLIC SECTOR FUNDERS WITH THE PROVINCE OF ONTARIO AS LEAD FUNDER.
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)78¢
Per its F2024 T3010, 78¢ 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)22%
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)0.6 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)$29.2M
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)2%
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)54%
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, 2019–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2019-03-31 | $50.2M | 76¢ | 24% | 1.8 yr |
| 2020-03-31 | $38.2M | 73¢ | 27% | 0.7 yr |
| 2021-03-31 | $36.6M | 67¢ | 32% | 0.7 yr |
| 2022-03-31 | $34.9M | 74¢ | 26% | 0.9 yr |
| 2023-03-31 | $28.8M | 77¢ | 23% | 0.6 yr |
| 2024-03-31 | $29.2M | 78¢ | 22% | 0.6 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)
Published ratings by Charity Intelligence Canada's analysts — a separate, human review. Shown as published, never blended into our computed figures.
Overall rating
★ T2 · Charity Intelligence★★★
Charity Intelligence's 0–5 star overall rating.
Analyst-reviewed by Charity Intelligence; their methodology, shown as published. source ↗
Results reporting
★ T2 · Charity IntelligenceB+
How well the charity reports its own results (A+ to F).
Analyst-reviewed by Charity Intelligence; their methodology, shown as published. source ↗
Demonstrated impact
★ T2 · Charity Intelligence—
Charity Intelligence's assessment of impact per dollar.
Analyst-reviewed by Charity Intelligence; their methodology, shown as published. source ↗
Board of directors
18 directors reported · 18 of 18at arm's length
- MATUS, GEOFFREYDIRECTORarm's length
- EVANS, DEREKDIRECTORarm's length
- ALLAN, ELYSEDIRECTORarm's length
- CAMPBELL, ELAINEDIRECTORarm's length
- GERTLER, MERICDIRECTORarm's length
- TORY, MARTHADIRECTORarm's length
- VERSCHUREN, ANNETTECHAIRarm's length
- LARSON, STEFANDIRECTORarm's length
- WU, YUNGDIRECTOR AND CEOarm's length
- SHOICHET, MOLLY SANDRADIRECTORarm's length
Show all 18 directors
- PATHAK, PRASHANT SHANKERDIRECTORarm's length
- CHISHOLM, ANDREWDIRECTORarm's length
- MCGOWAN, CLAUDETTEDIRECTORarm's length
- LAU, ALLENDIRECTORarm's length
- LUELO, CATHERINEDIRECTORarm's length
- KAZARIAN, DIANEDIRECTORarm's length
- SARANTAKIS, TAKIDIRECTORarm's length
- NANKIVELL, ALISONCEOarm'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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