Les Grands Ballets Canadiens de Montreal

4816, rue Rivard
Montréal, QC H2J 2N6
Executive Director: Alain Dancyger
Board Chair: Constance V. Pathy

Website: www.grandsballets.com
Charitable Reg. #: 10319 9196 RR0001
Sector: Arts & Culture
Operating Charity

Donor Accountability

Grade: D

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #73

Avg. Compensation $50,083

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 1
$120k - $160k 0
$80k - $120k 2
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2012

About Les Grands Ballets Canadiens de Montreal:

Founded in 1957, Les Grands Ballets Canadiens de Montreal (GBCM) aims to follow the essence of classical ballet and to continue exploring new territories in dance.

GBCM launched the National Centre for Dance Therapy, an initiative that will use dance to promote the health and well-being of individuals, in April 2013. It is working on four pilot projects with four university health centres offering dance and movement therapy, clinical research, and Canada’s first graduate-level dance therapy training program. GBCM created the Nutcracker Fund for Children 15 years ago to allow poor children to attend a free performance. Since its inception 19,000 children have experienced ballet performances.

Financial Review:

In F2012, GBCM’s administrative costs were 8% of revenues. Fundraising costs (taken from the charity’s T3010 CRA filing as they are not reported in its audited financial statements) were 60% of donations. It has funding reserves of $26.4m (including $23.2m in endowment funds) which cover annual program costs 3 times.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 7.6%8.0%9.4%
Fundraising costs as % of donations 60.3%72.0%41.9%
Program cost coverage (%) 299.5%280.4%220.4%

Summary Financial Statements

All figures in $000s
Donations 2,1491,8271,448
Government funding 4,1963,7743,654
Fees for service 4,4814,1153,705
Business activities (net) 1,053313(28)
Investment income 734548421
Other income 00150
Total revenues 12,61410,5779,351
Program costs 8,8297,7677,481
Administrative costs 898806838
Fundraising costs 1,2971,316607
Cash flow from operations 1,590687424
Funding reserves 26,44821,78316,492
Note: Ci has presented Dissemination activities as a business activity net of expenses, affecting revenues and expenses by ($1.1m) in F2012, by ($993k) in F2011 and by ($395k) in F2010. Ci has consolidated the financial statements of Les Grands Ballets Canadiens de Montreal and the endowment fund of Les Grands Ballets Canadiens.

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