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Fondation 24H Tremblant

1000, Chemin des Voyageurs
Mont-Tremblant, QC J8E 1T1
Executive Producer: Simon St-Arnaud
Board President: Patrice Malo

Website: www.24htremblant.com
Charitable Reg. #: 81894 7699 RR0001
Sector: Social Services - Youth
Public Foundation

Donor Accountability

Grade: C-

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 [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #0

Avg. Compensation $0

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Fondation 24H Tremblant:

Started in 2001, Fondation 24h Tremblant is the charity foundation of Mont Tremblant ski resort, a privately-held company. It organizes large-scale sporting events in the Mont-Tremblant region of Québec to raise funds for other fundraising charities that support sick and underprivileged children. Through its grants, the Foundation grants to medical research into children’s diseases, physical activity and health, and other youth programs.

The main event is an annual 24-hour ski, walk or run relay competition at Mont-Tremblant. Registered teams compete while raising funds for the charities designated by the Foundation. Each participant needs to raise a minimum of $300 to join the relay. On average, teams complete an average total of 293km (skiing), 210km (running), and 115km (walking).

In F2015, Fondation 24h Tremblant granted $1.6m to its beneficiaries. The grant recipients included Charles-Bruneau Cancer Centre Foundation (55% of total grants), Ottawa Senators Foundation (21% of grants) and Tremblant Foundation (12% of grants). The remaining funds went to Martin Matte Foundation (5%), Go Le Grand Défi (3%), and CHU Ste-Justine Foundation (3%).

Fondation 24h Tremblant's grants have supported 200 cord blood transplants at the Charles-Bruneau Cancer Centre at CHU Justine and has helped 1,500 kids go to summer camps with the Ottawa Senators Foundation. Grants to the Tremblant Foundation have been used to provide 7,640 meals, snacks, and Christmas gifts to underprivileged children.

Financial Review:

Fondation 24h Tremblant is a medium-sized charity with $3.8m in donations and special events fundraising in F2015. Administrative costs were 4% of revenues and fundraising costs were 48% of donations. For every $1 donated, 48 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range for overhead spending.

The Foundation has funding reserves of $581k, which can cover 4 months (37%) of annual program costs.

The charity does not report any full-time or part-time employees on its T3010 filing with the CRA. The audited financial statements report related party transactions between Mont Tremblant resort and Fondation 24H Tremblant. Included in revenues are $324k in F2015 and $319k in F2014 from Mont Tremblant resort (goods-in-kind received) and Fondation 24H Tremblant paid Mont Tremblant resort $689k in F2015 and $666k in F2014 for expenses (mostly lodging and lift tickets).

Recent News: December 20, 2017  La Presse and CBC Radio Montreal discussed Fondation 24H Tremblant fundraising costs. Fundraising charities commonly hold events, like walks and runs. Charity Intelligence uses the CRA Charities Directorate formula for calculating fundraising costs. This formula takes total fundraising costs divided by donations and revenues from special events (see below). This formula is consistent for all registered Canadian charities. 

Fondation 24H Tremblant comments that corporate sponsors and participants clearly understand that sponsorship and registration fees are used solely to cover the costs of the event, and do not support helping children. It is important that sponsors and participants are informed, and the fees and costs are transparent.  

Fondation 24H Tremblant reports sponsorship and registration fees in its audited financial statement. These are reported below as "special events" revenues. In F2015, these fees received were $1.1 million relative to the fundraising and administrative costs of $2.0 million.

For donors making a tax-receipted donation to Fondation 24H Tremblant, the overhead costs in F2015 were 33 cents; for every dollar donated, 67 cents goes to the three foundations that Fondation 24H Tremblant supports. This is within what Charity Intelligence considers a reasonable range.

This charity report is an update that is currently being reviewed by Fondation 24h Tremblant. Changes and edits may be forthcoming.

Updated on July 5, 2017 by Juliana Badovinac and on December 22, 2017 by Kate Bahen.

Financial Ratios

Fiscal year ending June
201520142013
Administrative costs as % of revenues 4.3%4.9%5.7%
Fundraising costs as % of donations 48.2%50.3%42.2%
Program cost coverage (%) 36.5%30.2%45.4%

Summary Financial Statements

All figures in $s
201520142013
Donations 2,769,9852,551,9302,719,400
Special events 1,057,0681,198,901690,970
Investment income 5,3884,7371,203
Other income 11,03119,17614,862
Total revenues 3,843,4723,774,7443,426,435
Grants 1,593,8291,581,0691,592,293
Administrative costs 163,685183,093196,019
Fundraising costs 1,844,9851,885,2151,438,949
Cash flow from operations 240,973125,367199,174
Funding reserves 581,337477,317723,367

Comments added by the Charity:

Source: Note 83. Canada Revenue Agency Charities Directorate “Fundraising by registered charities” CG-013, April 20, 2012 http://www.cra-arc.gc.ca/chrts-gvng/chrts/plcy/cgd/fndrsng-eng.html#N10374

Canada’s Charity Directorate on calculating fundraising costs: 

the fundraising ratio is a global calculation for a fiscal period, determined by dividing fundraising expenditures by fundraising revenue”. 

Fundraising costs should only be calculated on fundraising revenues and should exclude other sources of revenue like government funding, investment income, and business profits.

Using the charity’s annual return, the T3010, the Charities Directorate instructs charities to calculate fundraising cost ratios by “Divid[ing] the total fundraising expenditure amount on Line 5020 (fundraising expenses) by the sum of lines 4500 (receipted donations) and Line 4630 (fundraising revenue not reported in 4500).”

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