Bridgepoint Foundation
Toronto, ON M4M 2B5
Board Chair: Paul Gallagher
Treasurer: Jane Merkley
Website: www.bridgepointhealth.ca
Charitable Reg. #: 88923 4399 RR0001
Charity Rating
Donor Accountability
Grade: D
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
endowed
Spending Breakdown
Cents to The Cause
| ♦ | ♦ | ♦ | |
| 95¢ | |||
| 75¢ | |||
| avg | |||
| 65¢ | |||
| 50¢ | |||
| 2014 | 2015 | 2016 |
Full-time staff #7
Avg. Compensation $89,432
Top 10 Staff Salary Range
| $350k + | 0 |
| $300k - $350k | 0 |
| $250k - $300k | 0 |
| $200k - $250k | 1 |
| $160k - $200k | 0 |
| $120k - $160k | 0 |
| $80k - $120k | 1 |
| $40k - $80k | 3 |
| < $40k | 2 |
About Bridgepoint Foundation:
Established in 1990, Bridgepoint Foundation raises and manages funds for Bridgepoint Active Healthcare, a complex care and rehabilitation hospital and research
Donor News: May 2014 Bridgepoint announced its merge with Mount Sinai Hospital in Toronto. For updates, please read Mount Sinai Hospital Foundation recently renamed Sinai Health Foundation.
Bridgepoint's 462-bed rehab and complex care facility will be complementary to Mount Sinai's 446-bed acute care and teaching hospital. that is part of Sinai Health System in Toronto. Funds are allocated to support patient programs, facilities, research, academic pursuits, and capital.
Bridgepoint Foundation will continue to raise funds for the Bridgepoint rehab hospital. It will continue to steward the investment returns of the endowment and also receive existing bequests and donations. It will actively fundraise only as requested by Sinai Health System.
In 2017, Bridgepoint Foundation is running several fundraising events. Such events include a dinner and 70s-themed party (Fandango Fever), a weekend overnight bike ride (The Hero Ride), and a luncheon and jewelry auction (Great Jewellery Heist).
Financial Review:
Bridgepoint Foundation is a medium-sized charity with donations and special events revenues of $2.7m in F2016. Administrative costs were 10% of revenues and fundraising costs were 5% of donations. As such, for every $1 donated, 85 cents go to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending.
Overhead costs have decreased significantly over the past 5 years, with the amount going to the cause raising to its current level of 85% from 32% cents in F2012. This can be attributed to the foundation’s change in purpose, which involves less overhead costs.
Bridgepoint Foundation has funding reserves of $10.6m, of which $3.9m are donor-endowed. These funds can cover annual program costs 6.0 times (4.3 times excluding donor-endowed funds).
This charity report is an update that is currently being reviewed by Bridgepoint Foundation. Changes and edits may be forthcoming.
Updated June 5, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending March |
2016 | 2015 | 2014 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.8% | 18.2% | 13.8% |
| Fundraising costs as % of donations | 4.7% | 21.6% | 25.4% |
| Program cost coverage (%) | 600.8% | 771.4% | 245.7% |
Summary Financial StatementsAll figures in $s |
2016 | 2015 | 2014 |
|---|---|---|---|
| Donations | 1,971,606 | 2,590,584 | 3,888,013 |
| Special events | 706,452 | 1,641,509 | 1,253,929 |
| Investment income | 13,408 | 425,349 | 207,188 |
| Total revenues | 2,691,466 | 4,657,442 | 5,349,130 |
| Grants | 1,758,423 | 1,255,199 | 3,196,232 |
| Administrative costs | 262,822 | 771,538 | 708,575 |
| Fundraising costs | 125,386 | 912,611 | 1,305,256 |
| Cash flow from operations | 544,835 | 1,718,094 | 139,067 |
| Funding reserves | 10,564,140 | 9,683,045 | 7,851,783 |
For more information on Canadian charities, please visit www.charityintelligence.ca
The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability. No attempt has been made to examine the effectiveness of the charities' programs.
Comments added by the Charity:
No comments have been added by charity