Grace Capstone Ministries Inc.
Publicly funded institution · Saskatoon, Saskatchewan · BN 844541219RR0001 · Teaching Institutions
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($391,529) as filed with the CRA.
Grace Capstone Ministries Inc. is a charitable organization based in Saskatoon, Saskatchewan, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending March 31, 2024, it reported $418K in revenue and $392K in expenditures.
Its funding that year was roughly 83% from government. Government funding is the majority of its budget. In 2024, 1 other registered charity reported granting it a combined $45K.
Its highest-paid positions fell in the $40,000–79,999 range (2 positions in that band). The charity reported 3 permanent full-time positions.
Revenue has declined over its filings on record here, from $643K in 2020 to $418K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Running a licensed daycare centre community service to support single parent families and girls community service to support new comers families to canada
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $418K | $392K | — | — | — | $291K |
| 2023 | $656K | $583K | $583K | — | — | $434K |
| 2022 | $739K | $641K | $627K | — | — | $370K |
| 2021 | $642K | $601K | — | — | — | $272K |
| 2020 | $643K | $629K | — | — | — | $117K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $45K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9992 positions
- $1–39,9996 positions
- Permanent full-time positions3
- Total compensation, all staff$271K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Morakinyo Olaloku; Morakinyo Akinola; Segun Oyedokun.
As listed on its 2024 return.
Check the source
Every figure on this page is from Grace Capstone Ministries Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 844541219RR0001), or read how we compute the receipt.