Island Corridor Foundation
Charitable organization · Nanaimo, British Columbia · BN 869405209RR0001 · Public Amenities
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($4,658,121) as filed with the CRA.
Island Corridor Foundation is a charitable organization based in Nanaimo, British Columbia, classified by the CRA under public amenities. In its fiscal year ending December 31, 2024, it reported $1.9M in revenue and $4.7M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 22% from donations. In 2024, 1 other registered charity reported granting it a combined $144.
Compared with 414 public-amenity charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 3% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 3 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $723K in 2020 to $1.9M in 2024. Its filed list of directors and trustees shows 10 names.
In its own words
Preserve and use the vancouver island rail corridor in perpetuity as one continuous corridor for the benefit of people of vancouver island
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $4.7M | $1.1M | — | — | $303.6M |
| 2023 | $963K | $4.3M | $800K | — | $4,000 | $307.8M |
| 2022 | $700K | $4.1M | $588K | — | — | $311.2M |
| 2021 | $856K | $4.4M | $575K | — | $14K | $314.7M |
| 2020 | $723K | $4.3M | $498K | — | $28K | $318.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $144 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9991 position
- $80,000–119,9992 positions
- Permanent full-time positions3
- Total compensation, all staff$374K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Judith Sayers (co-chair); Barb Desjardin (co-chair); Ian Morrison (director); Michael Keohane (director); Will Cole-Hamilton (director); Jim Tatoosh (director); Ben Geselbracht (director); Calvin Swustus (director); Bert Thomas (director); Ken McRae (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Island Corridor Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 869405209RR0001), or read how we compute the receipt.