Each year Councillor Renrick Ashby (He has earned his own category now) has a charity ride Ajax Ride 4 Youth and this charity ride is to raise funds for scholarships at UOIT . This ride has been in place since 2008 but according to the Canada Revenue Website The Ajax Ride for Youth was registered as it’s own charity foundation in 2012.
Why did it only become a registered charity in 2012? All my questions are being sent to the contact for Ajax Ride for Youth, Melody Ashby for response before this blog is posted. — Please see the response below, it was received today at 4:53 pm. It does not directly answer my questions so if you have any, please take your questions to Renrick as well. I had emailed the Foundation contact who is Melody Ashby but I have also sent an email to Renrick directly.
The first year there is information on durhamregion.com about how the funds were distributed.
Proceeds from last year’s ride helped two families in need in the community. As well, funds went towards $2,000 scholarships for two local students heading to the University of Ontario Institute of Technology.
How were the funds handled in the years before 2012? - Bursaries for UOIT it does appear.
The years 2009, 2010 and 2011 are promoted on durhamregion.com but there is no mention of the amount raised for the scholarships.
This is the website http://ajaxride4youth.com/index.htm in 2012 and 2013 $3000 was donated to UOIT for scholarships each year.
When you go to the CRA website and look up from the charity number Registration no.: 849913702RR0001 the following information is available.
|effective date of status2012-09-14|
2012 Year .
Receipted donations $6,875 (100%)
Charitable program $124 (4%)
Gifts to other registered charities and qualified donees $3,000 (96%)
The difference is $3,875.00 Where is this amount allocated to?
Receipted donations $4,100 (99%)
Gifts from other charities $61 (1%)
Total revenue: $4,161
Gifts to other registered charities and qualified donees $3,000 (40%)
Other $4,436 (60%)
The description of the Expense classified as Other is this.
Professional and consulting fees
My question to the Foundation is an explanation of the Professional and Consulting fees and for a one day ride why they are so high?
$3000 was in the photographed cheque.
2014 has not been filed yet but the ride did take place and again it states an even $3000 was donated to UOIT Scholarships. This is just information and my questions, nothing more.
Melody Ashby , contact for Ride 4 Youth:
Thank you for your queries regarding the Ajax Ride 4 Youth.
While the inception of the ride and the agreement with UOIT was an
initiative of Renrick Ashby, it was decided that he would not have any
direct connection to the ride. It was set up this way deliberately so
that the ride could continue to raise funds and provide financial
support indefinitely to students who demonstrate need. We have a
longstanding agreement with UOIT to pay for 2 bursaries each year and
wish to be able to continue our partnership for many years to come.
As your focus appears to be Mr. Ashby, I respectfully decline to discuss
matters of the ride. Our foundation has been scrutinized by the CRA
since its inception and they have no issues with it and has shown that
by granting us charity status.