Maimonides Educational Foundation

250-181 Bay Street
Toronto, ON M5J 2T3
Secretary: Yakov Friedman
Board Chair: Albert Freidberg

Website: No website
Charitable Reg. #: 82916 1561 RR0001
Sector: Education
Operating Charity

Social Results Reporting

Grade: F

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #0

Avg. Compensation $0

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About Maimonides Educational Foundation:

Founded in 2008, the Maimonides Educational Foundation (MEF) programs advance education by providing scholarships to needy students and operating programs to assist and encourage students in their pursuit of education.

According to MEF's most recent filings with the Charities Directorate for 2013, MEF spent $2.4m to fund charitable programs in Israel, the US and Chile. MEF is funded by a donation of $3.0m from the Friedberg Charitable Foundation (98% of total donations). MEF also funded the Literacy Education Professional Development program at the Jackman Institute of Child Study at the University of Toronto. No other information about MEF is publically available at this time.

The financial information below for 2009 through 2011 has not been updated.

Financial Review:

MEF's financial statements are unaudited with a Notice to Reader. MEF has not reported fundraising costs on its financial statements; however, its T3010 filing displays fundraising costs at 0.5% of donations. In F2011, MEF's administrative costs were 2% of revenues. It has $160k in funding reserves covering 2% of annual program costs. In F2009, MEF did not report any program costs. MEF has not reported any paid employees.

Profile updated April 14, 2015

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 1.9%0.0%0.0%
Fundraising costs as % of donations 0.5%0.0%0.0%
Program cost coverage (%) 2.3%2.7%0.0%

Summary Financial Statements

All figures in $000s
Donations 7,3099,543288
Total revenues 7,3099,543288
Program costs 7,0894,6310
Administrative costs 14110
Fundraising costs 3900
Other costs 00283
Cash flow from operations 394,9115
Funding reserves 1601265
Note: Ci used unaudited financial statements which are reviewed by an auditor. MEF has not reported fundraising costs on its financial statements.

Comments added by the Charity:

Your page for Maimonides Educational Foundation (of Canada) lists information and links to a European charity, The Maimonides Foundation, that is not associated with the Canadian charity of this name. Please correct this.

This was corrected April 14, 2015

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