Platinum Jets Inc.
Public foundation · Winnipeg, Manitoba · BN 861549657RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($196,435) as filed with the CRA.
Platinum Jets Inc. is a public foundation based in Winnipeg, Manitoba, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $215K in revenue and $196K in expenditures.
Its funding that year was roughly 27% from donations, 5% from other charities.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 14% of peers. Its fundraising cost per donated dollar was higher than 84% of that peer group.
As a grantmaker, it reported gifts to 7 qualified donees totalling $86K in 2024, the largest being $40K to Children's Rehabilitation Foundation Inc.. Revenue has grown substantially over its filings on record here, from $133K in 2020 to $215K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
To receive and maintain a fund or funds and to apply all or part of the principal and interest therefrom from time to time to: - charitable organizations that are also registered charities under The Income Tax Act (Canada) or -to provide post-secondary scholarships for students graduating from local high schools or - to provide funds to the needy for health care treatment or medical devices which are not covered by either private or public health care plans.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $215K | $196K | $27K | $82K | $86K | $183K |
| 2023 | $194K | $195K | $1,935 | $104K | $88K | $165K |
| 2022 | $179K | $146K | $12K | $74K | $60K | $166K |
| 2021 | $169K | $144K | $15K | $75K | $52K | $135K |
| 2020 | $133K | $113K | — | $55K | $56K | $110K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $86K to 7 qualified donees:
- Children's Rehabilitation Foundation Inc.$40K
- The Children's Hospital Foundation of Manitoba Inc.$26K
- Hockey Education Reaching Out Society$10K
- Seven Oaks Education Foundation Inc.$4,500
- Children's Heritage Fund$3,000
- Tec-Voc Scholarship and Education Fund$1,500
- Christmas Cheer Board of Greater Winnipeg$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Michael Cavell (executive director); Kevin Saunders (treasurer); Greg Hrycak (vice president); Lorne Sanders (president).
As listed on its 2024 return.
Check the source
Every figure on this page is from Platinum Jets Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 861549657RR0001), or read how we compute the receipt.