Maimonides Educational Foundation
Toronto, ON M5J 2T3
Secretary: Yakov Friedman
Board Chair: Albert Freidberg
Website: No website
Charitable Reg. #: 82916 1561 RR0001
Grade: FThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Impact Rating: Low
Full-time staff #0
Avg. Compensation $0
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
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.
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 RatiosFiscal 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 StatementsAll figures in $000s
|Cash flow from operations||39||4,911||5|