CMTN Foundation
Public foundation · Terrace, British Columbia · BN 730995495RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($252,957) as filed with the CRA.
CMTN Foundation is a public foundation based in Terrace, British Columbia, classified by the CRA under foundations advancing education. In its fiscal year ending March 31, 2024, it reported $683K in revenue and $253K in expenditures.
Its funding that year was roughly 19% from donations, 60% from other charities. In 2024, 1 other registered charity reported granting it a combined $17K.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 50% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $209K in 2024, the largest being $209K to Coast Mountain College. Its filed list of directors and trustees shows 14 names.
In its own words
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.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $683K | $253K | $1,370 | $10K | $209K | $2.9M |
| 2023 | $170K | $96K | $55K | $6,743 | $55K | $2.3M |
| 2022 | $332K | $97K | $48K | $14K | — | $2.3M |
| 2021 | $266K | $147K | $128K | $187 | — | $2M |
| 2020 | $624K | $108K | $64K | $24K | — | $1.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $209K to 1 qualified donee:
- Coast Mountain College$209K
Received $17K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Kenneth Veldman (director); Herbert Pond (chair); Brian Badge (cao cmtn foundation (leave)); Khalie Genereaux (vice chair/director/member); Sandra Jones (director); Laurie Waye (president & ceo college); Ruth Hidber (director of finance cmtn); Michael Doyle (vp corporate services cmtn); Yvonne Koerner (executive director); Clarence Martin (director); Kapil Verma (director); George Whitehead (director); Taryn Cutler (director cmtn board governors); Steve Bakker (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from CMTN Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 730995495RR0001), or read how we compute the receipt.