PennyDrops
Private foundationSupport of schools and education·4150 MILLCROFT PARK DR · BURLINGTON, ON · L7M 3V1·BN 818239766RR0001
Last reported: F2024 filing · period ending 2024-07-31
Disbursed to charities T1
—
not in this filing
Operating overhead T1
40%
typical range 5–35%
Reserves T1
18.4 yr
of program spending, in cash and investments
Revenue T1
$6K
not reviewed by an analyst (Charity Intelligence)
— means the filing doesn't include the lines needed; details and sources below.·How to read these figures
This is a foundation: it mostly grants money to other charities, so program-spending ratios are the wrong lens. We show the share of spending disbursed to qualified donees instead.
Common questions
How do I donate to PennyDrops?
You can search for it on CanadaHelps to donate. Charity Compass never handles your money — we only link out to where you can give.
Is PennyDrops a registered charity?
Per CRA records, it filed a F2024 T3010 return under charity number 818239766RR0001. Registration status can change, so check the CRA charities listing for its current status. Only a currently registered charity can issue an official donation receipt.
Where is PennyDrops located?
Per its F2024 T3010, its address on file is 4150 MILLCROFT PARK DR, BURLINGTON, ON, L7M 3V1. Source.
What does PennyDrops do?
In its own words, from its F2024 T3010 filing: "WE OFFER FINANCIAL LITERACY WORKSHOPS FOR STUDENTS AGED 15-22." Full program description.
How big is PennyDrops?T1
Its last-reported revenue was $6K (F2024).
What it does — in its own words
Ongoing programs
WE OFFER FINANCIAL LITERACY WORKSHOPS FOR STUDENTS AGED 15-22.
Program descriptions from its F2024 T3010 filing, verbatim · self-reported · this is also the text our semantic search matches against. source ↗
Tier 1 — what we computed (open data)
From the charity's own F2024 T3010 filing. Self-reported; not independently verified. You can recompute every figure. New to these terms? Read what cents to the cause, overhead and reserves mean.
Disbursed to qualified donees
T1 · computed (open data)—
Not computable from this filing: the gifts-to-qualified-donees line (5050) or total (5100) is missing or outside the possible range.
T3010 line 5050 ÷ 5100 · Self-reported on the T3010; not independently verified. source ↗
40%
Management, administration, and fundraising as a share of total spending. We treat 5–35% as the typical range; we state the figure, you judge.
T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗ · what this means
18.4 yr
Years that cash, bank balances and investments on hand could cover program spending; liabilities and restricted funds are not netted out.
Charities its size (under $1M, 27,629): median 1 yr; 14% hold under half a year. All operating charities: median 0.8 yr.
T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗ · what this means
Total revenue
T1 · computed (open data)$6K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)0%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
0%
Share of revenue from federal, provincial, and municipal sources.
T3010 line 4570 (or 4540+4550+4560) ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗ · what this means
Where the money comes from
Shares of last-reported revenue, per its F2024 T3010. Self-reported; not independently verified.
Receipted donationsT1
0%
T3010 4500 ÷ 4700
GovernmentT1
0%
T3010 4570 (or 4540+4550+4560) ÷ 4700
Other revenueT1
100%
T3010 remainder ÷ 4700
Self-reported on the T3010; not independently verified. source ↗
Over the years
Every figure as filed at each fiscal period end, 2019–2024.
| Period end | Revenue | Overhead | Reserves |
|---|---|---|---|
| 2019-07-31 | $66K | 3% | — |
| 2020-07-31 | $64K | 3% | — |
| 2021-07-31 | $113K | 1% | 3.6 yr |
| 2022-07-31 | $94K | 2% | 7.9 yr |
| 2023-07-31 | $85K | 7% | 12.7 yr |
| 2024-07-31 | $6K | 40% | 18.4 yr |
| trend |
Swipe sideways to see every column.
Program-spending share is left out: a foundation's lens is what it disburses, which the annual releases don't break out by year. From its T3010 filings (CRA annual releases) · self-reported, not audited by us · when a period is restated in a later release, the newest figures are shown · ✱ = cents-to-cause outside the valid 0–100% range (filing error; not used in rankings). source ↗
★ Tier 2 — Charity Intelligence (analyst-reviewed)
Not rated by Charity Intelligence. Their analysts cover 819 of Canada's 83,761 charities; absence of a rating says nothing about this charity. Our computed figures above stand on their own.
Similar charities
Same CRA category, revenue within 20× of this one, and the closest program descriptions in their own filings. A shortlist to compare, not a ranking.
- Mortgage Professionals Canada Foundation / Fondation des professionnels hypothecaires du Canada
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14%disbursed · T1
- The Carson Family Charitable Foundation
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100%disbursed · T1
- Fondation Richard Morin
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—disbursed · T1
- Fondation ARMANIC 2KV
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—disbursed · T1
- ALPHA OMEGA FOUNDATION OF CANADA
NORTH YORK, ON·revenue $107K
84%disbursed · T1
Figures per each charity's F2024 T3010 · self-reported, not audited by us · ✱= that filing's expense lines don't reconcile · open a profile for sources and caveats.
Board of directors
5 directors reported · 3 of 5at arm's length
- PRINS-MCKINNEY, BRENDEN BPDIRECTOR(CO-FOUNDER)not at arm's length
- PRINS-MCKINNEY, MEAGAN MPDIRECTOR(CO-FOUNDER)not at arm's length
- FRANCOEUR, ANTONIE AFDIRECTORarm's length
- CRESSATTI, JOSEPH JCDIRECTORarm's length
- GOLDSTEIN, DREW DGDIRECTORarm's length
From its F2024T3010 filing (public CRA record), as filed. “Arm's length” means not related to other officials by family or business ties. source ↗
Right of reply
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Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗