Civic Intelligence

Metropolitan Andrey Sheptytsky Institute

EIN 98-0150041 • 501(c)3 • Toronto, ON, CA

Profile

The mission of the foundation is to raise and manage capital funds in order to provide long-term financial support to the metropolitan andrey sheptytsky institute of eastern christian studies located in the city of ottawa, ontario, canada. The objective of the metropolitan andrey sheptytsky institute of eastern christian studies is to facilitate the theological education of undergraduate and graduate students primarily from the united states and canada. The foundation's mission is fulfilled through development, investment and philanthropy.

81 St Mary StreetToronto, ON M5S1J4CA

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.03x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

78th percentile

17%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-52%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$9,006,528

Up $1,336,230 (+17%) from 2023

Liabilities

Up

$41,964

Up $17,064 (+69%) from 2023

Net Assets

Up

$8,964,564

Up $1,319,166 (+17%) from 2023

Revenue

Down

$1,554,477

Down $1,690,812 (-52%) from 2023

Expenses

Up

$711,120

Up $255,175 (+56%) from 2023

Net Income

Down

$843,357

Down $1,945,987 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $5,718,501Liabilities 2011: $22,810Net Assets 2011: $5,695,6912011Assets 2012: $6,069,800Liabilities 2012: $125,517Net Assets 2012: $5,944,2832012Assets 2013: $5,420,001Liabilities 2013: $31,521Net Assets 2013: $5,388,4802013Assets 2014: $5,028,406Liabilities 2014: $12,985Net Assets 2014: $5,015,4212014Assets 2015: $4,229,625Liabilities 2015: $11,232Net Assets 2015: $4,218,3932015Assets 2016: $4,467,439Liabilities 2016: $20,583Net Assets 2016: $4,446,8562016Assets 2017: $4,566,439Liabilities 2017: $22,151Net Assets 2017: $4,544,2882017Assets 2018: $4,533,674Liabilities 2018: $23,526Net Assets 2018: $4,510,1482018Assets 2019: $4,789,407Liabilities 2019: $40,133Net Assets 2019: $4,749,2742019Assets 2020: $4,747,298Liabilities 2020: $29,661Net Assets 2020: $4,717,6372020Assets 2021: $5,590,003Liabilities 2021: $31,989Net Assets 2021: $5,558,0142021Assets 2022: $4,838,816Liabilities 2022: $29,319Net Assets 2022: $4,809,4972022Assets 2023: $7,670,298Liabilities 2023: $24,900Net Assets 2023: $7,645,3982023Assets 2024: $9,006,528Liabilities 2024: $41,964Net Assets 2024: $8,964,5642024

Highlighted filing

2024

Assets$9,006,528
Liabilities$41,964
Net Assets$8,964,564

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $407,119Expenses 2011: $249,870Net Income 2011: $157,2492011Revenue 2012: $400,344Expenses 2012: $231,111Net Income 2012: $169,2332012Revenue 2013: $376,035Expenses 2013: $558,908Net Income 2013: -$182,8732013Revenue 2014: $414,418Expenses 2014: $467,240Net Income 2014: -$52,8222014Revenue 2015: $431,548Expenses 2015: $346,130Net Income 2015: $85,4182015Revenue 2016: $313,658Expenses 2016: $425,653Net Income 2016: -$111,9952016Revenue 2017: $441,268Expenses 2017: $447,421Net Income 2017: -$6,1532017Revenue 2018: $473,949Expenses 2018: $295,425Net Income 2018: $178,5242018Revenue 2019: $557,203Expenses 2019: $687,655Net Income 2019: -$130,4522019Revenue 2020: $478,831Expenses 2020: $363,735Net Income 2020: $115,0962020Revenue 2021: $641,724Expenses 2021: $401,043Net Income 2021: $240,6812021Revenue 2022: $226,577Expenses 2022: $338,485Net Income 2022: -$111,9082022Revenue 2023: $3,245,289Expenses 2023: $455,945Net Income 2023: $2,789,3442023Revenue 2024: $1,554,477Expenses 2024: $711,120Net Income 2024: $843,3572024

Highlighted filing

2024

Revenue$1,554,477
Expenses$711,120
Net Income$843,357

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.01$0.04$8.96$1.55$0.71$0.84
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.67$0.02$7.65$3.25$0.46$2.79
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.84$0.03$4.81$0.23$0.34$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.59$0.03$5.56$0.64$0.40$0.24
2020Detailed filing. Detailed filing data is available for this year.$4.75$0.03$4.72$0.48$0.36$0.12
2019Detailed filing. Detailed filing data is available for this year.$4.79$0.04$4.75$0.56$0.69$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.53$0.02$4.51$0.47$0.30$0.18
2017Detailed filing. Detailed filing data is available for this year.$4.57$0.02$4.54$0.44$0.45$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.47$0.02$4.45$0.31$0.43$0.11
2015Detailed filing. Detailed filing data is available for this year.$4.23$0.01$4.22$0.43$0.35$0.09
2014Detailed filing. Detailed filing data is available for this year.$5.03$0.01$5.02$0.41$0.47$0.05
2013Summary only. Only limited summary data is available for this year.$5.42$0.03$5.39$0.38$0.56$0.18
2012Summary only. Only limited summary data is available for this year.$6.07$0.13$5.94$0.40$0.23$0.17
2011Summary only. Only limited summary data is available for this year.$5.72$0.02$5.70$0.41$0.25$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,554,477
Mission and Program Overview

Mission

The mission of the foundation is to raise and manage capital funds in order to provide long-term financial support to the metropolitan andrey sheptytsky institute of eastern christian studies located in the city of toronto, ontario, canada. The objective of the metropolitan andrey sheptytsky institute of eastern christian studies is to facilitate the theological education of undergraduate and graduate students primarily from the united states and canada. The foundation's mission is fulfilled through development, investment and philanthropy.

The foundation's mission is to raise and manage capital funds providing long-term inst'l support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,109,488$8,607,116▲ $1,497,628
Cash and Non-Interest-Bearing Accounts$96,194$192,568▲ $96,374
Land, Buildings, and Equipment, Net$0$49,313▲ $49,313
Accounts Receivable$4,465$17,385▲ $12,920
Savings and Temporary Cash Investments$332,506$14,032▼ $318,474
Total Assets$7,670,298$9,006,528▲ $1,336,230
Other Assets Total$127,645$126,114▼ $1,531
Liabilities
Accounts Payable and Accrued Expenses$24,900$41,964▲ $17,064
Total Liabilities$24,900$41,964▲ $17,064
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,389,054$8,819,680▲ $1,430,626
Net Assets Without Donor Restrictions$256,344$144,884▼ $111,460
Total Net Assets Fund Balance$7,645,398$8,964,564▲ $1,319,166
Total Liabilities and Net Assets / Fund Balance$7,670,298$9,006,528▲ $1,336,230

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$49,313$75,529$124,842

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$7,585,335$2,020▲ $139,728$116,788$7,544,602
2023$4,478,115$2,974,356▲ $139,560-$7,585,335
2022$4,690,046-▼ $204,068-$4,478,115
2021$4,400,123-▲ $293,014-$4,690,046
2020$4,436,616-▲ $1,085-$4,400,123
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mrs Catherine PawluchFoundation President
Mr Luke Nicholas Lashchuk MillerFoundation Vice President
Mr Michael LevyFoundation Director
Mr William TurkFoundation Director
Peter GaladzaFoundation Director
Rostyslaw SmykFoundation Director
Mr Pascal BastienFoundation Director/pastpr
Most Rev Bryan Bayda CssrFOUNDATION BISHOPS' LIAISO
Mr Roman ZylaFoundation Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,212,157
Program Service Revenue
$52,469
Investment Income
$289,851
Other Revenue
$0
All Other Contributions
$1,212,157
Change in Net Assets
$843,357

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,554,477
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$518,446
Total Revenue per Audited Statements
$2,072,923
Total Revenue per Form 990
$1,554,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$445,747
Other Expenses$229,099
Salaries, Compensation, and Employee Benefits$36,274
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$445,747--$445,747
Depreciation Depletion$75,529--$75,529
Fees for Services Accounting-$49,867-$49,867
Other Salaries and Wages-$36,274-$36,274
All Other Expenses-$4,780-$4,780
Other Expenses-$4,380-$4,380
Fees for Services Other-$4,213-$4,213
Insurance-$4,211-$4,211
Office Expenses-$3,045-$3,045
Interest-$524-$524
Total Functional Expenses$521,276$189,844$0$711,120

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$711,119
Total Expenses per Audited Statements$711,119
Total Expenses per Form 990$711,119
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
2
Employees
0
Spending
$711,119

International Compliance

Foreign grant records maintained
No
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 AmericaProgram Service ExpensesGrants to Recipients10$445,747
North AmericaManagement & General Expenses-10$265,372
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Rbc dominion securities - the harbour group, the shevchenko foundation and coerente capital managment inc serve as the organization's investment manager. They are appointed to act as the organization's agents in certain investment activities conducted between the organization and its investment broker. The organization will continue to supervise and ratify all investment activities.

Form 990, Part VI, Section A, Line 7A

Rbc dominion securities - the harbour group, the shevchenko foundation and coerente capital managment inc serve as the organization's investment manager. In this capacity they were appointed to act as the organization's agents in certain investment activities conducted between the organization and its investment broker. The organization will continue to supervise and ratify all investment activities.

Form 990, Part VI, Section A, Line 7B

Rbc dominion securities - the harbour group, the shevchenko foundation and coerente capital managment inc serve as the organization's investment manager. In this capacity they were appointed to act as the organization's agent in certain investment activities conducted between the organization and its investment broker. The organization will continue to supervise and ratify all investment activities.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by the foundation's us accounting firm, reviewed by an officer / director for completeness. The forms are then provided to all directors and subsequently approved by the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

Issues deemed in potential conflict are referred to and addressed by a committee of the board for further clarification and resolution. If a possible conflict is identified and referred to the board, procedures outlined in the organization's conflict of interest policy are used to determine whether an actual conflict exists. Such procedures include a review of all of the facts and circumstances. The availability of alternate service providers, and the economic impact on the organization and the organization's mission. Final resolution of a conflict is documented in the minutes of the board meetings.

Form 990, Part VI, Section C, Line 18

The foundation's form 990 and supporting schedules and are available upon request and they are publicly available on www.guidestar.com.

Form 990, Part VI, Section C, Line 19

Governing documents (letters patent and by-laws) are available on request from industry canada or by request directly from the foundation. The canadian charitable tax return is available on the canada revenue agency charities directorate website. Financial statements are also available upon request from the foundation. The foundation has a conflict of interest policy approved by the board of directors on october 14, 2006.

Filing and Contact Details

Filer

Filer Name
Metropolitan Andrey Sheptytsky Institute
EIN
98-0150041
Phone
6472857157
Address
CA

Signing Officer

Name
Pascal Bastien
Title
Past President
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pascal Bastien
Formed
1989
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Litmangerson Associates Llp
Address
500 WEST CUMMINGS PARK SUITE 5650, WOBURN, MA 01801
Preparer
Derek Silveira CPA
Phone
7815694700
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 6, VOLUNTEERS:

The foundation had part-time volunteers during the year. These volunteers participated in policy and constitution committees, prepared government forms for filing and review and approval by board of directors, as well as carrying out general operations activities such as gathering materials for bookkeeping and audit processes, processing expenses for approval and preparing correspondence for signature.

FORM 990, PART XI, LINE 9:

Foreign exchange loss on the financial statements transaction from ca to us -42,637.

General Information

General information - foreign currency translation: throughout the form 990, return of organization exempt from income tax and applicable schedules, the foundation's financial information has been converted to us dollars from canadian dollars. The foundation's financial records are maintained in canadian dollars. Revenue and expenses are generally converted using an average exchange rate of .729925 (2023 - .733856) but where determinable, the actual exchange rate at the date of the transaction is used. Assets and liabilities are converted using a december 31 exchange rate of .729925 (2023 - .740741) changes in net assets are converted using average, actual and december 31 exchange rates as applicable. The above process therefore results in exchange gains and losses that are reported in the applicable locations in this tax filing.

Financial Statement Notes

PART III, LINE 4:

The msgr. Dr alexander baran book collection is used by the students and researchers in the areas of eastern christian studies, especially the church history of certain parts of ukraine, byzantine art, culture and history and ukrainian canadian church and community history.

PART V, LINE 4:

The endowment funds are used to provide long-term financial support to the metropolitan andrey sheptytsky institute of eastern christian studies located in the city of toronto, ontario, canada.

PART X, LINE 2:

N/A

PART V LINE 1B:

Part v line 1b: there were $2,020 contributions during the current year.

PART V LINE 1C:

This amount includes realized and unrealized investment gain of $518,446.

Raw XML AppendixShowing 400 of 582 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS TO RAISE AND MANAGE CAPITAL FUNDS IN ORDER TO PROVIDE LONG-TERM FINANCIAL SUPPORT TO THE METROPOLITAN ANDREY SHEPTYTSKY INSTITUTE OF EASTERN CHRISTIAN STUDIES LOCATED IN THE CITY OF TORONTO, ONTARIO, CANADA. THE OBJECTIVE OF THE METROPOLITAN ANDREY SHEPTYTSKY INSTITUTE OF EASTERN CHRISTIAN STUDIES IS TO FACILITATE THE THEOLOGICAL EDUCATION OF UNDERGRADUATE AND GRADUATE STUDENTS PRIMARILY FROM THE UNITED STATES AND CANADA. THE FOUNDATION'S MISSION IS FULFILLED THROUGH DEVELOPMENT, INVESTMENT AND PHILANTHROPY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THIS ORGANIZATION SUPPORTS THE METROPOLITAN ANDREY SHEPTYTSKY INSTITUTE OF EASTERN CHRISTIAN STUDIES ("MASI") WHICH IS LOCATED AT THE UNIVERSITY OF SAINT MICHAEL'S IN TORONTO, ONTARIO, CANADA. THE SUPPORTED ORGANIZATION, MASI, IS AN INSTITUTE AT THE UNIVERSITY OF SAINT MICHAEL'S. THE RELATIONSHIP BETWEEN THE ORGANIZATIONS IS HISTORICAL AND CONTINUING AS THE FOUNDATION HAS BEEN SUPPORTING THE INSTITUTE SINCE 1989. THE FOUNDATION'S PRIMARY FUNCTION IS TO DETERMINE ANNUALLY OR AS NEEDED THE AMOUNTS TO BE CONTRIBUTED TO THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SUPPORTED ORGANIZATION ("MASI") HAS A CLOSE CONTINUOUS WORKING RELATIONSHIP WITH THE FOUNDATION. IT MAINTAINS A SIGNIFICANT VOICE BY WAY OF TWO KEY ORGANIZATIONAL MEMBERS, THE ACTING DIRECTOR OF MASI AND A FORMER PRESIDENT AND BOARD MEMBER. THESE INDIVIDUALS ARE INVOLVED IN BOTH ORGANIZATIONS' OPERATIONS AND DISCUSSIONS. IN ADDITION, THESE INDIVIDUALS PREPARE THE INSTUTUTE'S BUDGET WHICH IS REVIEWED, MODIFIED AND THEN APPROVED BY THE FOUNDATION'S BOARD. THE BUDGET IS THE BASIS FOR THE CONTRIBUTIONS GRANTED BY THE FOUNDATION TO MASI.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV SECTION D, LINE 3
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