EASTCOAST LIFESTYLE FOUNDATION INC.
Private foundationFoundations advancing education·5 - 70 ROSNO LANE · BEDFORD, NS · B4B 2V4·BN 703156505RR0001
Last reported: F2024 filing · period ending 2024-12-31
This is a foundation: it mostly grants money to other charities, so program-spending ratios are the wrong lens. We show the share of spending disbursed to qualified donees instead.
What it does — in its own words
Ongoing programs
AT EAST COAST LIFESTYLE WE BELIEVE IN SUPPORTING THE NEXT GENERATION OF ENTREPRENEURS AND BUSINESS LEADERS. THAT’S WHY WE’RE PROUD TO ANNOUNCE THE LAUNCH OF OUR REGISTERED CHARITY; EAST COAST LIFESTYLE FOUNDATION. OUR FOUNDATION IS DEDICATED TO HELPING YOUNG PEOPLE IN ATLANTIC CANADA TURN THEIR ENTREPRENEURIAL DREAMS INTO REALITY. WE BELIEVE THAT BY PROVIDING RESOURCES EDUCATION AND MENTORSHIP WE CAN EMPOWER YOUNG PEOPLE TO CREATE SUCCESSFUL BUSINESSES THAT NOT ONLY BENEFIT THEMSELVES BUT ALSO THEIR COMMUNITIES AND THE REGION AS A WHOLE. THROUGH OUR FOUNDATION WE WILL BE PROVIDING STUDEN… Show more
AT EAST COAST LIFESTYLE WE BELIEVE IN SUPPORTING THE NEXT GENERATION OF ENTREPRENEURS AND BUSINESS LEADERS. THAT’S WHY WE’RE PROUD TO ANNOUNCE THE LAUNCH OF OUR REGISTERED CHARITY; EAST COAST LIFESTYLE FOUNDATION. OUR FOUNDATION IS DEDICATED TO HELPING YOUNG PEOPLE IN ATLANTIC CANADA TURN THEIR ENTREPRENEURIAL DREAMS INTO REALITY. WE BELIEVE THAT BY PROVIDING RESOURCES EDUCATION AND MENTORSHIP WE CAN EMPOWER YOUNG PEOPLE TO CREATE SUCCESSFUL BUSINESSES THAT NOT ONLY BENEFIT THEMSELVES BUT ALSO THEIR COMMUNITIES AND THE REGION AS A WHOLE. THROUGH OUR FOUNDATION WE WILL BE PROVIDING STUDENTS BURSARIES FUNDING FOR YOUTH ENTREPRENEURSHIP PROGRAMS HOSTING WORKSHOPS AND EVENTS FOR YOUNG ENTREPRENEURS AND CONNECTING THEM WITH MENTORS AND BUSINESS LEADERS IN THEIR INDUSTRIES. AS A COMPANY THAT WAS FOUNDED ON THE PRINCIPLES OF HARD WORK ENTREPRENEURSHIP AND GIVING BACK TO OUR COMMUNITY WE ARE THRILLED TO BE LAUNCHING THIS FOUNDATION AND CONTINUING OUR COMMITMENT TO SUPPORTING THE GROWTH AND SUCCESS OF ATLANTIC CANADA.
Program descriptions from its F2024 T3010 filing, verbatim · self-reported · this is also the text our semantic search matches against. source ↗
Tier 1 — what we computed (open data)
From the charity's own F2024 T3010 filing. Self-reported; not independently verified. You can recompute every figure.
Disbursed to qualified donees
T1 · computed (open data)13%
Per its F2024 T3010, this share of total spending went to other registered charities.
T3010 line 5050 ÷ 5100 · Self-reported on the T3010; not independently verified. source ↗
Operating overhead
T1 · computed (open data)30%
Management, administration, and fundraising as a share of total spending. We treat 5–35% as the typical range; we state the figure, you judge.
T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Reserves
T1 · computed (open data)—
Years current reserves could cover program spending.
Sector quartiles: 0.4 yr / 0.8 yr / 7.5 yr (p25 / median / p90).
T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗
Total revenue
T1 · computed (open data)$70K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)0%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Government-funded
T1 · computed (open data)0%
Share of revenue from federal, provincial, and municipal sources.
T3010 line 4570 (or 4540+4550+4560) ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Over the years
Every figure as filed at each fiscal period end, 2023–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2023-12-31 | $87K | 95¢ | 5% | — |
| 2024-12-31 | $70K | 70¢ | 30% | — |
| trend |
From its T3010 filings (CRA annual releases) · self-reported, not audited by us · when a period is restated in a later release, the newest figures are shown · ✱ = cents-to-cause outside the valid 0–100% range (filing error; not used in rankings). source ↗
★ Tier 2 — Charity Intelligence (analyst-reviewed)
Not rated by Charity Intelligence. Their analysts cover 618 of Canada's 83,761 charities; absence of a rating says nothing about this charity. Our computed figures above stand on their own.
Board of directors
1 director reported · 1 of 1at arm's length
- MACLEAN, ALEXANDER MADIRECTORarm's length
From its F2024T3010 filing (public CRA record), as filed. “Arm's length” means not related to other officials by family or business ties. source ↗
Right of reply
This charity hasn't added a response yet. When it does, it appears here, beside the numbers, and is never removed. Represent this charity? Submit a response.
Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗