Go le grand défi inc.
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
83%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.
My anchor
OVERVIEW
About Go le grand défi inc.:
Go Le Grand Défi is a 1-star rated charity. It is not financially transparent and has below average accountability to donors as seen in the D results reporting grade. For every dollar donated to this charity, 83 cents go to the cause. This is within Ci's reasonable range for overhead spending.
Founded in 2005, Go Le Grand Défi (Grand défi Pierre Lavoie, GDPL), works to encourage people to adopt a healthy lifestyle. The charity hopes to promote a fitness movement and fight against obesity to prevent health concerns. In each of 1999, 2000, 2002, and 2005, Canadian triathlete Pierre Lavoie biked 650km in 24 hours to raise awareness for lactic acidosis, the genetic disease that two of his children died from. In 2005, Pierre broadened his focus from awareness of uncommon diseases to more generally promoting health. Since 2008, the charity has toured around Quebec to motivate young people to adopt a healthier lifestyle. The charity holds ten key events annually.
The 1,000km event is an example of one of these events. The 1000km brings together nearly 1,000 cyclists for a 70-hour bike ride from Saguenay-Lac-Saint-Jean to Montreal. This event is intended to be used as a platform to increase community awareness about the importance of changing ones lifestyles. All the profits generated from this event are donated to the Fondation du Grand Défi Pierre Lavoie to support medical research on orphan diseases and to fund projects aimed at adopting healthy lifestyle habits. This event has seen 143,277 participants who have cycled 2,773,813 kilometres.
During the 11th edition of the Grand défi, the ten core events raised $3.4m that allowed for the purchase of sports equipment at 428 elementary schools in Quebec. It has also provided funding to 5 organizations, 9 graduate students and 15 researchers to continue their projects.
My anchor
Results and Impact
Charity Intelligence did not find any quantified outcomes on Go Le Grand Défi's website. This may not be a complete representation of Go Le Grand Défi's results and impact.
My anchor
Finances
Grand Défi Pierre Lavoie reported donations of $3.3m in F2021. The charity also received $3.8m in government funding, representing 53% of total revenues. Administrative costs are 9% of revenues (excluding investment income) and fundraising costs are 8% of donations. For every dollar donated, 83 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Grand défi Pierre Lavoie has net funding reserves of $11.3m. Reserves can cover program costs for 2.3 years.
The charity grants money to the Fondation du Grand Défi Pierre Lavoie, a related organization as its five directors sit on GDPL’s board. Ci did not consolidate as the foundation does not fund the operating charity.
This charity report is an update that has been sent to Grand Défi Pierre Lavoie for review. Changes and edits may be forthcoming.
Updated on July 18, 2022 by Angelina Curwin.
Financial Review
Fiscal year ending September
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 9.4% | 14.6% | 5.0% |
Fundraising costs as % of donations | 7.7% | 6.7% | 2.7% |
Total overhead spending | 17.1% | 21.3% | 7.7% |
Program cost coverage (%) | 227.7% | 298.4% | 61.7% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 3,285 | 2,371 | 11,548 |
Government funding | 3,802 | 2,243 | 3,801 |
Business activities (net) | 30 | 84 | 271 |
Investment income | 50 | 102 | 183 |
Other income | 27 | 29 | 70 |
Total revenues | 7,194 | 4,830 | 15,874 |
Program costs | 4,967 | 3,762 | 13,019 |
Grants | 0 | 0 | 5,686 |
Administrative costs | 671 | 691 | 778 |
Fundraising costs | 254 | 158 | 317 |
Total spending | 5,892 | 4,611 | 19,800 |
Cash flow from operations | 1,301 | 218 | (3,926) |
Capital spending | 130 | 422 | 451 |
Funding reserves | 11,310 | 11,226 | 11,549 |
Note: Ci used grants, administrative and fundraising costs listed on the charity’s T3010 filing. Ci used the charity's T3010 filing to back out government grants from donations. Ci has included donations as well as government sponsorships in donations as the charity does not provide a breakdown of these items.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
9 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it.