Go le grand défi inc.

540 d’Avaugour Street, Suite 1300
Boucherville, ON J4B 0G6
Executive Director: Germain Thibault
Director: Anne Vigneault

Charitable Reg. #:84846 6298 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 1/5]

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.



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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. 

 

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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.

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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


Financial Ratios

Fiscal year ending September
202120202019
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 Statements

All figures in $000s
202120202019
Donations 3,2852,37111,548
Government funding 3,8022,2433,801
Business activities (net) 3084271
Investment income 50102183
Other income 272970
Total revenues 7,1944,83015,874
Program costs 4,9673,76213,019
Grants 005,686
Administrative costs 671691778
Fundraising costs 254158317
Total spending 5,8924,61119,800
Cash flow from operations 1,301218(3,926)
Capital spending 130422451
Funding reserves 11,31011,22611,549

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

Full-time staff: 27

Avg. compensation: $44,519

Top 10 staff salary range:

$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

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.legdpl.com
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Charitable Registration Number: 80340 7956 RR0001