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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 organizes large-scale sporting events in the Mont-Tremblant region of Québec to raise funds for non-profit organizations that support sick and underprivileged children. Through its grants, the Foundation supports 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 funding), Ottawa Senators Foundation (21%) and Tremblant Foundation (12%). The remaining funds went to Martin Matte Foundation (5%), Go Le Grand Défi (3%), and CHU Ste-Justine Foundation (3%).

Funds from Fondation 24h Tremblant have supported 200 cord blood transplants at the Charles-Bruneau Cancer Centre at CHU Justine and have sent 1,500 kids to summer camps through 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.

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.

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

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