PennyDrops
Private foundation · Burlington, Ontario · BN 818239766RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($23,264) as filed with the CRA.
PennyDrops is a private foundation based in Burlington, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending July 31, 2024, it reported $6,000 in revenue and $23K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from donations. In 2022, 1 other registered charity reported granting it a combined $24.
Compared with 3,624 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 18% of peers.
Revenue has declined over its filings on record here, from $64K in 2020 to $6,000 in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
We offer financial literacy workshops for students aged 15-22.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $6,000 | $23K | $14K | — | — | $252K |
| 2023 | $85K | $23K | $21K | — | — | $266K |
| 2022 | $94K | $26K | $26K | — | — | $203K |
| 2021 | $113K | $37K | $38K | — | — | $136K |
| 2020 | $64K | $67K | $64K | — | — | $60K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2022
Received $24 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Brenden Prins-McKinney (director(co-founder)); Meagan Prins-McKinney (director(co-founder)); Antonie Francoeur (director); Joseph Cressatti (director); Drew Goldstein (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from PennyDrops’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 818239766RR0001), or read how we compute the receipt.