Civic Intelligence

Upper Canada Educational Foundation

990 • Fiscal year 2021 • EIN 13-2556216

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 14, 2023

200 Lonsdale RoadToronto, Ontario M4V 1W6CA

(416) 488-1125

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

37th percentile

0.5%

Higher net margin than 37% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

44th percentile

1.3%

Faster asset growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

190%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$11,700

Up $148 (+1.3%) from 2020

Net Assets

Up

$11,700

Up $148 (+1.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$440,074

Up $288,179 (+190%) from 2020

Expenses

Up

$437,769

Up $157,438 (+56%) from 2020

Net Income

Up

$2,305

Up $130,741 (+102%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2011: $21,738Liabilities 2011: $02011Assets 2012: $4,189Liabilities 2012: $02012Assets 2013: $3,891Liabilities 2013: $0Net Assets 2013: $3,8912013Assets 2014: $75,624Liabilities 2014: $0Net Assets 2014: $75,6242014Assets 2015: $115,254Liabilities 2015: $0Net Assets 2015: $115,2542015Assets 2016: $37,641Liabilities 2016: $0Net Assets 2016: $37,6412016Assets 2017: $64,164Liabilities 2017: $0Net Assets 2017: $64,1642017Assets 2018: $9,209Liabilities 2018: $0Net Assets 2018: $9,2092018Assets 2019: $139,988Liabilities 2019: $0Net Assets 2019: $139,9882019Assets 2020: $11,552Liabilities 2020: $0Net Assets 2020: $11,5522020Assets 2021: $11,700Liabilities 2021: $0Net Assets 2021: $11,7002021Assets 2022: $7,406Liabilities 2022: $0Net Assets 2022: $7,4062022Assets 2023: $8,289Liabilities 2023: $0Net Assets 2023: $8,2892023Assets 2024: $9,145Liabilities 2024: $0Net Assets 2024: $9,1452024Assets 2025: $21,561Liabilities 2025: $0Net Assets 2025: $21,5612025

Highlighted filing

2021

Assets$11,700
Liabilities$0
Net Assets$11,700

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $161,112Expenses 2011: $147,084Net Income 2011: $14,0282011Revenue 2012: $148,094Expenses 2012: $165,643Net Income 2012: -$17,5492012Revenue 2013: $261,038Expenses 2013: $261,336Net Income 2013: -$2982013Revenue 2014: $1,312,534Expenses 2014: $1,240,801Net Income 2014: $71,7332014Revenue 2015: $1,063,960Expenses 2015: $1,024,330Net Income 2015: $39,6302015Revenue 2016: $208,813Expenses 2016: $286,426Net Income 2016: -$77,6132016Revenue 2017: $516,412Expenses 2017: $489,889Net Income 2017: $26,5232017Revenue 2018: $270,735Expenses 2018: $325,690Net Income 2018: -$54,9552018Revenue 2019: $230,410Expenses 2019: $99,631Net Income 2019: $130,7792019Revenue 2020: $151,895Expenses 2020: $280,331Net Income 2020: -$128,4362020Revenue 2021: $440,074Expenses 2021: $437,769Net Income 2021: $2,3052021Revenue 2022: $119,590Expenses 2022: $123,518Net Income 2022: -$3,9282022Revenue 2023: $76,201Expenses 2023: $75,400Net Income 2023: $8012023Revenue 2024: $288,389Expenses 2024: $286,985Net Income 2024: $1,4042024Revenue 2025: $808,959Expenses 2025: $796,896Net Income 2025: $12,0632025

Highlighted filing

2021

Revenue$440,074
Expenses$437,769
Net Income$2,305
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 14, 2023
Return Version
2020v4.1
Gross Receipts
$440,074
Mission and Program Overview

Mission

To raise funds to support upper canada college in canada, grants are provided to ucc and the ucc foundation primarily for student assistance, there are over 1,200 boys who attend ucc and many receive tuition assistance because of these grants.

Raise funds for ucc. Grants are provided to ucc and the ucc foundation for student assist. There are over 1200 boys who attend ucc and many receive assistance because of the grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,911$9,129▲ $1,218
Accounts Receivable$598$2,571▲ $1,973
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$8,509$11,700▲ $3,191
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,509$11,700▲ $3,191
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$8,509$11,700▲ $3,191
Total Liabilities and Net Assets / Fund Balance$8,509$11,700▲ $3,191
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$440,074
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$440,074
Change in Net Assets
$2,305

Audited Revenue Reconciliation

Revenue per Audited Statements
$440,074
Revenue Not Reported on Form 990
$123,496
Total Revenue per Audited Statements
$563,570
Total Revenue per Form 990
$440,074
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$437,533
Other Expenses$236
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$437,533--$437,533
Interest-$236-$236
Total Functional Expenses$437,533$236$0$437,769

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$560,618
Expenses per Audited Statements$437,769
Total Expenses per Form 990$437,769
Expenses Not Reported on Form 990$122,849
International Activity

International Summary

Offices
1
Employees
0
Spending
$437,769

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrantmakingStudent Financial Aid10$437,769
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Upper Canada Educational Foundation
EIN
13-2556216
In Care Of
% PATTI MACNICOL
Phone
4164881125
Address
CA

Signing Officer

Name
Patti MACNICOL
Title
Treasurer
Phone
4164881125
Signed
2023-03-14

Organization Details

Principal Officer
Patti MACNICOL
Formed
1963
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Ernst & Young US Llp
Address
111 MONUMENT CIR STE 4000, INDIANAPOLIS, IN 46204
Supplemental Narrative

Additional Explanations

Upper Canada Foundation

Form 990, Part VI, Line 2 Michael Long and Hampton Long have a family relationship. Form 990, Part VI, Line 11b The Form 990 was prepared by the organization's tax preparers, and reviewed by the organization's treasurer. Form 990, Part VI, Line 12c All Officers and Directors are required to complete, sign, and return a conflicts of interest disclosure to the organization annually. Form 990, Part VI, Line 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST. THE UPPER CANADA EDUCATIONAL FOUNDATION DOES NOT HAVE ITS OWN WEBSITE BUT DONORS AND PROSPECTIVE DONORS, AS WELL AS ANY OTHER INTERESTED PARTIES, CAN REQUEST THE DOCUMENTS FROM THE TREASURER AND THEY WILL BE PROVIDED. Form 990, Part XI, Line 9 Foreign Rate Translation Difference $886

Financial Statement Notes

Schedule D, Part XI, Line 2E

FOREIGN RATE TRANSLATION DIFFERENCE $123,496 Schedule D, Part XII, Line 2d FOREIGN RATE TRANSLATION DIFFERENCE $122,849

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.81$0.80$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.29$0.29$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.08$0.08$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.12$0.12$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.44$0.44$0.00
2020Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.15$0.28$0.13
2019Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$0.23$0.10$0.13
2018Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.27$0.33$0.05
2017Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.52$0.49$0.03
2016Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.21$0.29$0.08
2015Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$1.06$1.02$0.04
2014Summary only. Only limited summary data is available for this year.$0.08$0.00$0.08$1.31$1.24$0.07
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.26$0.26$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.15$0.17$0.02
2011Summary only. Only limited summary data is available for this year.$0.02$0.00$0.16$0.15$0.01