Cornerstone Magazine
Charitable organization · ST. Catharines, Ontario · BN 851126540RR0001 · Support of Religion
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($25,004) as filed with the CRA.
Cornerstone Magazine is a charitable organization based in ST. Catharines, Ontario, classified by the CRA under support of religion. In its fiscal year ending June 30, 2024, it reported $22K in revenue and $25K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 55% from donations, 45% from other charities. In 2024, 4 other registered charities reported granting it a combined $3,935.
Compared with 13,471 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 78% of peers.
Its filed list of directors and trustees shows 3 names.
In its own words
Publishing a bible teaching magazine bi-monthly
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $22K | $25K | $25K | — | — | $21K |
| 2023 | $24K | $14K | $14K | — | — | — |
| 2022 | $20K | $14K | $14K | — | — | — |
| 2021 | $20K | $14K | $14K | — | — | — |
| 2020 | $15K | $13K | $13K | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $3,935 from 4 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Brian Gunning (trustee); George Ferrier (trustee); Shawn Abigail (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Cornerstone Magazine’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 851126540RR0001), or read how we compute the receipt.