MICHAEL CUCCIONE FOUNDATION
Private foundationFoundations·1482 CADENA CRT · COQUITLAM, BC · V3E 0E5·BN 893962068RR0001
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 ORGANIZATIONS RAISES FUNDS THROUGH VARIOUS PROGRAMS CARRIED ON FROM YEAR TO YEAR. THESE FUNDS ARE THEN DONATED TO BC CHILDREN’S HOSPITAL TO HELP RESEARCH A CURE FOR PEDIATRIC CANCER. THE ORGANIZATION ALSO SUPPORTS OTHER LOCAL 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.
Disbursed to qualified donees
T1 · computed (open data)69%
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)77%
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)$1.3M
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)62%
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, 2019–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2019-12-31 | $732K | 7¢ | 70% | 89.2 yr |
| 2020-12-31 | $386K | 8¢ | 45% | 220.6 yr |
| 2021-12-31 | $416K | 8¢ | 53% | 140.9 yr |
| 2022-12-31 | $780K | 7¢ | 70% | 93.7 yr |
| 2023-12-31 | $1.3M | 11¢ | 62% | 69.6 yr |
| 2024-12-31 | $1.3M | -5¢ | 77% | — |
| 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
12 directors reported · 6 of 12at arm's length
- CUCCIONE, MIKEPRESIDENTnot at arm's length
- AUDIA, JOHNVICE PRESIDENTarm's length
- CUCCIONE, DOMENICCO-TREASURERnot at arm's length
- BAGAN, DIANNECO-TREASURERarm's length
- CARNOBALE, JOEDIRECTORnot at arm's length
- DUFORD, GENEVIEVEDIRECTORarm's length
- SINGH, MAYADIRECTORnot at arm's length
- ARMANDO, CUCCIONEDIRECTORnot at arm's length
- GURNAZAR, KAILADIRECTORarm's length
- FACCIO, MARIADIRECTORarm's length
- ALIBHAI, HUSSEINDIRECTORarm's length
- CUCCIONE, GLORIAEXECUTIVE DIRECTOR OF MARKETINnot 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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Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗