CMTN FOUNDATION
Public foundationFoundations advancing education·5331 MCCONNELL AVE · TERRACE, BC · V8G 4X2·BN 730995495RR0001
Last reported: F2024 filing · period ending 2024-03-31
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
CMTN Foundation's purpose is to fund promote and carry out activities which are consistent with the objectives of Coast Mountain College and to provide support for the educational facilities and programs by funding scholarships awards and bursaries granted to Coast Mountain College students. A large part of the Foundation's activities include community outreach through fundraising events. These events are supported by volunteers from Coast Mountain College staff alumni college students and regional dignitaries. Each of our five annual events require over 100 hours of volunteer time.
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)83%
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)93%
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)1,947.4 yr
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)$683K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)6%
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, 2019–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2019-03-31 | $492K | 92¢ | 4% | 3.4 yr |
| 2020-03-31 | $624K | 59¢ | 22% | 4.2 yr |
| 2021-03-31 | $266K | 87¢ | 0% | 13 yr |
| 2022-03-31 | $332K | 50¢ | 15% | 43.7 yr |
| 2023-03-31 | $170K | 134¢✱ | 16% | 38.4 yr |
| 2024-03-31 | $683K | 3¢ | 93% | 1,947.4 yr |
| 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
16 directors reported · 16 of 16at arm's length
- Veldman, KennethDirectorarm's length
- Pond, Herbert LChairarm's length
- Appleton, GeoffDirectorarm's length
- Badge, BrianCAO CMTN Foundation (Leave)arm's length
- Genereaux, KhalieVice Chair/Director/Memberarm's length
- Jones, SandraDirectorarm's length
- Waye, LauriePresident & CEO Collegearm's length
- Hidber, RuthDirector of Finance CMTNarm's length
- Doyle, MichaelVP Corporate Services CMTNarm's length
- Halbauer, NicoleDirector CMTN Board Chairarm's length
Show all 16 directors
- Koerner, Yvonne KExecutive Directorarm's length
- Martin, Clarence PDirectorarm's length
- Verma, KapilDirectorarm's length
- Whitehead, GeorgeDirectorarm's length
- Cutler, TarynDirector CMTN Board Governorsarm's length
- Bakker, SteveDirectorarm'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
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Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗