Friends of the Farmers' Bank of Rustico Inc./les Amis de la Banque des Fermiers de Rustico Inc.
Charitable organization · Rustico, Prince Edward Island · BN 895054682RR0001 · Public Amenities · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($189,758) as filed with the CRA.
Friends of the Farmers' Bank of Rustico Inc./les Amis de la Banque des Fermiers de Rustico Inc. is a charitable organization based in Rustico, Prince Edward Island, classified by the CRA under public amenities. In its fiscal year ending December 31, 2024, it reported $146K in revenue and $190K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 7% from donations, 47% from government. In 2024, 2 other registered charities reported granting it a combined $28K.
Compared with 1,296 public-amenity charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 72% of peers.
Revenue has grown substantially over its filings on record here, from $60K in 2020 to $146K in 2024. Its filed list of directors and trustees shows 8 names.
In its own words
We are open to the public from june 1 to sept 30 offering tours of the facilities acadian days & acadian harvest festivals celebrate canada and st. Jean baptiste day. Admission fees apply. We have a genealogist who volunteers to do research throughout the year. Exhibition on farm (seperate building).
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $146K | $190K | $177K | — | — | $668K |
| 2023 | $232K | $218K | $200K | — | — | $712K |
| 2022 | $144K | $137K | $127K | — | — | $698K |
| 2021 | $63K | $57K | $51K | — | — | $710K |
| 2020 | $60K | $58K | $55K | — | — | $746K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $28K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Total compensation, all staff$45K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Cedric Blanchard (director); Marilyn Doucette (director); Lynn Gallant (secretary); Tracy Gallant (director); Carter Jeffery (treasurer); Judy Macdonald (past president); Edwin Pineau (director); Arnold Smith (president).
As listed on its 2024 return.
Check the source
Every figure on this page is from Friends of the Farmers' Bank of Rustico Inc./les Amis de la Banque des Fermiers de Rustico Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 895054682RR0001), or read how we compute the receipt.