Ladysmith Maritime Society
Charitable organization · Ladysmith, British Columbia · BN 118990373RR0001 · Community Resource Organizations · website
Source: T3010 return, FPE 2024-09-30. Split of total expenditures ($826,118) as filed with the CRA.
Ladysmith Maritime Society is a charitable organization based in Ladysmith, British Columbia, classified by the CRA under community resource organizations. In its fiscal year ending September 30, 2024, it reported $291K in revenue and $826K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 16% from donations, 6% from government. In 2022, 2 other registered charities reported granting it a combined $6,465.
Compared with 730 community-service charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 92% of peers. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 2 permanent full-time positions.
It reported gifts to 1 qualified donee totalling $1,500 in 2022, the largest being $1,500 to Ladysmith and District Marine Rescue Society. Revenue has declined over its filings on record here, from $921K in 2020 to $291K in 2024.
In its own words
Lms provided educational programs for maritime heritage and sea life through our sea life centre and part-time marine biologist. We also provided access to heritage row boats used in the marina educational boat tours on our heritage fleet our annual sea life festivals where the public is educated about sea life conservancy from volunteer marine biologists. We also have an ongoing boat restoration program and recently our volunteers received an international award for the restoration of the dorothy a 1897 sailboat. We promote tourism and maritime education through our heritage displays and …
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $291K | $826K | $826K | — | — | $1.3M |
| 2023 | $973K | $1.1M | $1.1M | — | — | $1.8M |
| 2022 | $905K | $970K | — | — | — | $2.3M |
| 2021 | $866K | $865K | — | — | — | $2M |
| 2020 | $921K | $840K | — | — | — | $2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2022
Granted $1,500 to 1 qualified donee:
Received $6,465 from 2 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
- $1–39,9991 position
- Permanent full-time positions2
- Total compensation, all staff$260K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Check the source
Every figure on this page is from Ladysmith Maritime Society’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118990373RR0001), or read how we compute the receipt.