Shorefast Foundation
Charitable organization · Joe Batts Arm, Newfoundland and Labrador · BN 858830904RR0001 · Organizations Relieving Poverty · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($4,426,961) as filed with the CRA.
Shorefast Foundation is a charitable organization based in Joe Batts Arm, Newfoundland and Labrador, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported $4.9M in revenue and $4.4M in expenditures.
Its funding that year was roughly 36% from donations, 10% from government, 47% from other charities. In 2024, 21 other registered charities reported granting it a combined $1.3M.
Compared with 1,125 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 20% 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 $200,000–249,999 range. The charity reported 23 permanent full-time positions.
Its filed list of directors and trustees shows 9 names.
In its own words
Shorefast’s mission is to build economic and cultural resilience on Fogo Island and to help make it possible for local communities to thrive in the global economy. Shorefast’s suite of charitable programs on Fogo Island comprise a holistic set of initiatives to support the local community’s economic development: investing in the visual arts through the internationally recognized residency-based program Fogo Island Arts environmental sustainability with a focus on the health of the ocean strengthening cultural heritage cultivating local foodways and capacity development. The Shorefast N…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.9M | $4.4M | $3.1M | $462K | $124K | $26M |
| 2023 | $3.3M | $5.1M | $3.5M | $705K | $0 | $25.5M |
| 2022 | $4.3M | $4.3M | $3.2M | $376K | $15K | $27.3M |
| 2021 | $2.6M | $2.8M | $2.2M | $256K | $17K | $27.3M |
| 2020 | -$475K | $2M | $1.6M | $232K | $12K | $27.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $1.3M from 21 charities:
- River Philip Foundation$500K
- The Annual Foundation$180K
- Charitable Gift Funds Canada Foundation$140K
- Weston Family Foundation$75K
- Hamilton Community Foundation$50K
- Aqueduct Foundation$50K
- The Shen Family Charitable Foundation$50K
- Gerald Sheff & Shanitha Kachan Family Foundation$50K
- Canadahelps Canadon$48K
- Canadahelps Canadon$48K
- The Murray Frum Foundation$25K
- Albert and Temmy Latner Family Foundation$25K
- The Hnatyshyn Foundation$20K
- Conam Charitable Foundation$15K
- Toronto Foundation$15K
- Burgundy Legacy Foundation$15K
- Adarsan Tzedakah Foundation$10K
- The George Cedric Metcalf Charitable Foundation$5,000
- Canadian Online Giving Foundation$2,927
- Canada Gives$1,500
- Strategic Charitable Giving Foundation$1,130
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $200,000–249,9991 position
- $160,000–199,9991 position
- $80,000–119,9993 positions
- $40,000–79,9995 positions
- Permanent full-time positions23
- Total compensation, all staff$1.6M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Mary Zita Cobb (director); Alan Cobb (director); Judy Stein-Korte (director); Darrell Gregersen (director); Terry Burgoyne (director); Ula Ubani (director); Jocelyn Perry (director); Glen Best (director); Roland Wells (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Shorefast Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 858830904RR0001), or read how we compute the receipt.