Cornerstone 2007 Inc.
Charitable organization · Cornwall, Prince Edward Island · BN 827948217RR0001 · Christianity · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,338,269) as filed with the CRA.
Cornerstone 2007 Inc. is a charitable organization based in Cornwall, Prince Edward Island, classified by the CRA under christianity. In its fiscal year ending December 31, 2024, it reported $1.9M in revenue and $1.3M in expenditures.
Its funding that year was roughly 96% from donations. In 2024, 4 other registered charities reported granting it a combined $17K.
Compared with 2,238 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 84% of peers. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 12 permanent full-time positions.
It reported gifts to 5 qualified donees totalling $32K in 2024, the largest being $17K to Canadian Baptists of Atlantic Canada. Revenue has grown substantially over its filings on record here, from $919K in 2020 to $1.9M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
Christian church offering sunday morning worship at 3 sites weekly children and student ministries small groups including online programming and worship services. We continue to support local & global missions.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $1.3M | $1.3M | — | $32K | $5M |
| 2023 | $1.4M | $1.5M | $1.3M | — | $114K | $4.5M |
| 2022 | $1.3M | $966K | $835K | — | $91K | $4.5M |
| 2021 | $999K | $1.1M | $961K | — | $59K | $4M |
| 2020 | $919K | $893K | $739K | — | $65K | $4.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $32K to 5 qualified donees:
- Canadian Baptists of Atlantic Canada$17K
- Camp Segunakadeck Inc.$7,500
- Island Pregnancy Care & Support Services Inc.$5,000
- Blooming House Women's Shelter Inc.$1,000
- Open Door Ministries Inc.$1,000
Received $17K from 4 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9991 position
- $40,000–79,9997 positions
- $1–39,9992 positions
- Permanent full-time positions12
- Total compensation, all staff$794K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
David Reid (chair of elders); Matthew Macleod (moderating elder); Philip Woodworth (lead pastor); De Boer Klass (treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from Cornerstone 2007 Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 827948217RR0001), or read how we compute the receipt.