Lorne Park Foundation
Publicly funded institution · Peterborough, Ontario · BN 895148534RR0001 · Teaching Institutions
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($217,956) as filed with the CRA.
Lorne Park Foundation is a charitable organization based in Peterborough, Ontario, 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 December 31, 2024, it reported $556K in revenue and $218K in expenditures.
In 2024, 3 other registered charities reported granting it a combined $16K.
Compared with 1,540 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 57% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
It reported gifts to 10 qualified donees totalling $7,744 in 2024, the largest being $1,365 to The Free Methodist Church in Canada. Revenue has grown substantially over its filings on record here, from $245K in 2020 to $556K in 2024. Its filed list of directors and trustees shows 1 name.
In its own words
Operate a scholarship program that assists students with tuition costs at an approved college or university. Provide bursaries and other awards to students for advanced education and ministry training. Assist local churches in providing lay ministry training. To advance education by carrying on theological and general education programs and by providing funds to charitable organizations that carry on such programs.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $556K | $218K | $187K | $2,500 | $7,743 | $4.2M |
| 2023 | $544K | $212K | $174K | $5,000 | $6,480 | $3.8M |
| 2022 | -$467K | $227K | $189K | — | $12K | $3.5M |
| 2021 | $488K | $180K | $151K | $5,000 | $8,790 | $4.2M |
| 2020 | $245K | $171K | $139K | $5,000 | $7,200 | $3.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $7,744 to 10 qualified donees:
- The Free Methodist Church in Canada$1,365
- Sault Ste. Marie Free Methodist Church$720
- Kingsview Free Methodist Church$720
- Cornerstone Free Methodist Church$720
- Westdale Park Free Methodist Church$720
- The Free Methodist Church in Canada$720
- New Hope Methodist Church$720
- Harrowsmith Free Methodist Church$720
- Cornerstone Community Church Almonte$720
- The Free Methodist Church in Canada$619
Received $16K from 3 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Permanent full-time positions0
- Total compensation, all staff$21K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Lloyd Eyre (president).
As listed on its 2024 return.
Check the source
Every figure on this page is from Lorne Park Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 895148534RR0001), or read how we compute the receipt.