1001-522 University Avenue
Toronto, ON M5G 1W7
CEO: Louis de Melo
Board Co-Chair: David Cynamom

Charitable Reg. #:11904 8106 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

B-

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.

72%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 72 cents are available for programs.



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Programs

About Sinai Health Foundation:

Founded in 1975 as Mount Sinai Hospital Foundation, Sinai Health Foundation (SHF) rebranded in 2016 following the amalgamation of Mount Sinai Hospital, Bridgepoint Active Healthcare, Lunenfeld-Tanenbaum Research Institute (LTRI), and the home healthcare provider Circle of Care. SHF raises money to fund research, equipment purchases, and capital upgrades for the system.

In F2018, SHF granted $18.6m to the health system. The foundation granted money to other Canadian charities, including Brain Canada Foundation ($270,250), Sprint Senior Care ($225,000), and University Health Network ($60,000).

Mount Sinai Hospital provides 385 beds and has 29,000 admissions every year. It specializes in women and infant health, chronic disease management, cancer care, emergency medicine, and geriatrics. Located at Mount Sinai Hospital, Lunenfeld-Tanenbaum Research Institute works to advance the understanding of human biology in health and disease. LTRI employs 362 scientists and research trainees. Bridgepoint Active Healthcare has 446 beds for rehabilitation and complex care. Bridgepoint is the largest organization in Canada to focus exclusively on research, care, and teaching for people with complex health conditions. In F2019, Circle of Care provided 1.4 million hours of personal support, working with 16,119 clients. The organization supports seniors living at home with a variety of services, including meal delivery, transportation, exercise and fall prevention, elder abuse prevention, counselling, and hospice care.

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Results and Impact

In 2018, one of Dr. Andras Nagy’s papers and three of Dr. Daniel Durocher’s research papers were published in the renowned scientific journal, Nature. Nagy examines the use of stem cells in medicine while avoiding the spread of cancers, and Durocher’s team researches the repair of DNA in cells. 

Within the last three years, SmartCells cushioned flooring has been installed in both Mount Sinai Hospital and Bridgepoint Active Healthcare. The flooring reduces the impact experienced by a patient when they fall, with the patients experiencing 10-16 fewer critical falls per year after installation.

Bedside ultrasounds are now performed in the emergency department on weekdays, reducing average wait time for the scans by 30 minutes.

Dr. Erin Kennedy has created an app for patients recovering from cancer surgery. App users are educated about their health, track recovery milestones, and record warning signs. Since the app has been offered, 30-day readmission rates dropped from 18% to 6%.

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Finances

Sinai Health Foundation received $42.1m in donations and special events revenue during F2019, making it a Major 100 charity, and one of Canada’s largest. The foundation received $7.2m in investment income, representing 14% of total revenues. Administrative and fundraising costs are 28% of revenues less investment income. For every dollar donated, 72 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

SHF has $156.3m in funding reserves, of which $114.4 is donor-endowed. Excluding donor-endowed funds, the foundation could grant at the F2019 level for 2.3 years using reserves.

The average salary for full-time employees in F2018 was $135k, an increase from $86k in F2014. In F2018, Sinai Health Foundation paid full-time workers an average salary that was greater than the average full-time salary provided to Sinai Health System employees.

This charity report is an update that has been sent to Sinai Health Foundation for review. Changes and edits may be forthcoming.

Updated on August 13, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Fundraising & admin costs as % of revenues 28.5%23.0%24.2%
Total overhead spending 28.5%23.0%24.2%
Program cost coverage (%) 662.0%742.5%452.6%

Summary Financial Statements

All figures in $000s
201920182017
Donations 38,10235,67036,982
Special events 3,9913,9107,052
Investment income 7,1805,7568,166
Other income 1,4731,173162
Total revenues 50,74546,51052,362
Grants 23,61919,72527,336
Fundraising & administrative costs 12,3969,38810,701
Total spending 36,01529,11438,037
Cash flow from operations 14,73017,39614,325
Capital spending 289610
Funding reserves 156,347146,466123,723

Note: Ci has included investment income and income from The Sinai Trust 2017, affecting revenues by $6.1m in F2019, $5.1m in F2018, and $7.8m in F2017. Ci has adjusted grants for the change in amounts due to Sinai Health System, affecting expenses by ($2.1m) in F2019, $453k in F2018, and ($1.2m) in F2017. Amortization has been removed from fundraising and administrative costs.

Salary Information

Full-time staff: 42

Avg. Compensation $135,189

Top 10 staff salary range

$350k +
1
$300k - $350k
0
$250k - $300k
0
$200k - $250k
2
$160k - $200k
4
$120k - $160k
1
$80k - $120k
2
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.supportsinai.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-877-565-8555

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