Bridgepoint Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
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.
66%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 66 cents are available for programs.
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Programs
About Bridgepoint Foundation:
Founded in 1990, Bridgepoint Foundation raises and grants money to fund Bridgepoint Active Healthcare, a part of Sinai Health System. In 2015, Mount Sinai combined with Bridgepoint Active Healthcare hospital, and together with Circle of Care, and Lunefeld Tananbaum Research Institute formed the Sinai Health System. Sinai Health System combines acute, complex and rehabilitative, primary, and home care as well as other community-based services. Money granted by the foundation is used to fund Bridgepoint Active Healthcare’s patient programs, facilities, research, academic pursuits, and capital. In F2018, the foundation granted just over one million dollars.
Bridgepoint Active Healthcare is a 464-bed rehabilitation and complex care hospital affiliated with the University of Toronto. The hospital’s clinical areas of focus include inpatient and outpatient rehabilitation, palliative care, dialysis, and specialized complex care. In F2019, Bridgepoint Active Healthcare ran 375 rehab sessions in the pool and had 19,611 outpatient visits.
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Finances
Bridgepoint Foundation is a medium-sized charity with donations and special events revenues of $2.6m in F2018. Administrative costs were 15% of revenues and fundraising costs were 20% of donations. For every dollar donated to the charity, 66 cents go to the cause. This is within Charity Intelligence’s reasonable range for overhead spending. Bridgepoint Foundation has funding reserves of $9.9m, of which $4.1m are donor-endowed. Excluding donor-endowed funds, reserves can cover granting at the F2018 level for over seven years. Bridgepoint Foundation reported having no paid staff in F2018.
This charity report is an update that has been sent to Bridgepoint Foundation. Changes and edits may be forthcoming.
Updated August 1, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
---|---|---|---|
Administrative costs as % of revenues | 14.5% | 15.7% | 9.8% |
Fundraising costs as % of donations | 19.8% | 24.1% | 4.7% |
Total overhead spending | 34.3% | 39.7% | 14.5% |
Program cost coverage (%) | 708.6% | 263.0% | 428.7% |
Summary Financial StatementsAll figures in $s |
2018 | 2017 | 2016 |
---|---|---|---|
Donations | 1,635,024 | 927,126 | 1,971,606 |
Special events | 1,004,486 | 575,762 | 706,452 |
Investment income | 162,411 | 473,266 | 13,408 |
Total revenues | 2,801,921 | 1,976,154 | 2,691,466 |
Grants | 1,018,198 | 2,068,044 | 1,758,423 |
Administrative costs | 383,699 | 235,181 | 262,822 |
Fundraising costs | 521,684 | 361,839 | 125,386 |
Total spending | 1,923,581 | 2,665,064 | 2,146,631 |
Cash flow from operations | 878,340 | (688,910) | 544,835 |
Funding reserves | 9,863,152 | 9,028,577 | 10,564,140 |
Salary Information
$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 F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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