Great Commission Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
D
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.
93%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.
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Programs
About Great Commission Foundation:
Founded in 2002, Great Commission Foundation (GCF) provides accounting and administrative help to Christian missionaries and charities. GCF allows clients to focus on their ministry rather than administration. Its main services are processing donations and issuing tax receipts, bookkeeping and accounting, payroll and benefits, and CRA compliance.
Canadians donate to partner missionaries and charities through GCF. At the time of writing this report, 341 partner organizations and individual projects were listed on the foundation’s website. GCF retains an average of 5% of donations and reports that 12-20% is charged by other ministry coordinators offering similar administrative work.
Great Commission Foundation has common board members with G2G Foundation which holds assets for use by other charities working to spread Christianity. GCF granted to G2G: $407k in F2017, $860k in F2016, and $5.2m in F2015. Money also flowed from G2G to GCF: $255k in F2017, and $317k in F2016.
GCF shares board members with Friends of the Great Commission, a charity registered in the US. Through this charity, GCF works with donors in the US and offers IRS compliance services.
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Finances
Great Commission Foundation received $23.6m in donations during F2017, making it a Major 100 charity, one of Canada’s largest. Administrative costs are 5% of revenues less investment income and fundraising costs are 2% of donations. For every dollar donated, 93 cents go to the cause, which is within Ci’s reasonable range for overhead spending. GCF has $8.6m in funding reserves which could cover almost four years of program costs.
Donor-designated grants are program costs related to the operations of partner missionaries and charities. This may reflect donations received by GCF on behalf of partner organizations.
This charity profile has been sent to Great Commission Foundation for review. Changes and edits may be forthcoming.
Created on July 10, 2019 by Madison Kerr.
Financial Review
Fiscal year ending December
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.2% | 7.3% | 6.3% |
| Fundraising costs as % of donations | 1.9% | 0.0% | 0.0% |
| Program cost coverage (%) | 378.0% | 178.3% | 77.8% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 23,566 | 15,956 | 15,968 |
| Business activities (net) | 0 | 1 | 67 |
| Investment income | 12 | 15 | 204 |
| Other income | 424 | 485 | 506 |
| Total revenues | 24,002 | 16,457 | 16,745 |
| Program costs | 1,633 | 1,863 | 1,622 |
| Grants | 649 | 1,222 | 5,341 |
| Donor-designated donations | 16,218 | 12,946 | 12,018 |
| Administrative costs | 1,254 | 1,195 | 1,040 |
| Fundraising costs | 451 | 0 | 0 |
| Cash flow from operations | 3,796 | (768) | (3,277) |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 8,626 | 5,502 | 5,419 |
Note: Ci has used administrative and fundraising costs as reported by the foundation on its T3010 filing with the CRA. Ci has included gifts to qualified donees and transfers to a related party (G2G Foundation) affecting expenses by $649k in F2017, $1.2m in F2016, and $5.2m in F2015.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
10 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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