CHUS 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.
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.
68%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.
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OVERVIEW
About CHUS Foundation:
CHUS Foundation is a 3-star charity. It has a B- Results Reporting grade, which is below average. The charity's reserves can covers its program costs for over six years. For every dollar donated to CHUS Foundation, 68 cents are available to go to the cause, which is within Ci's reasonable range.
Founded in 1977, Fondation du Centre Hospitalier Universitaire de Sherbrooke (CHUS) raises funds to support Integrated University Health and Social Services Centres (CIUSSS) in Quebec. Foundation CHUS specifically supports CIUSSS de l’Estrie - CHUS, which provides care and social services to the eastern province of Quebec. A large part of this service is the Centre Hospitalier Universitaire de Sherbrooke (CHUS), a public healthcare network in Sherbrooke Quebec which includes Hôpital Fleurimont and Hôtel-Dieu de Sherbrooke facilities.
CHUS Foundation aims to improve the quality and care of services provided by CIUSSS. CHUS Foundation funds 13 hospital programs. The largest four are Mother and Infant Emergency Centre, Research, Angiography and Hemodynamics, and Medical Imaging. In F2023, CHUS Foundation spent $8.7m on its grants and $135k on programs.
In F2023, CHUS Foundation reported it helped fund 31,603 hospitalizations, 14,696 surgeries, 97,141 emergency room visits, and 376,025 outpatient visits. The charity states the demand for surgery is expected to increase at a rate of 2.3% per year.
In F2023, CHUS Foundation spent 34% ($2.9m) of grants on its mother and Infant Emergency Centre. The charity collects funds to help fund a new Mother and Infant Emergency centre, which will be located at Fleurimont Hospital. The building will have five levels. Level one will be for parking and logistics. Level two will focus on emergency and child psychiatry. Level three will focus on pediatrics. Level four will focus on maternity. Level five will focus on neonatology and obstetric surgery. In F2023, CHUS Foundation funded 2,665 newborn deliveries.
In F2023, CHUS Foundation spent 27% ($2.3m) of grants on Research. The charity funds research at the Sherbrooke University Hospital to advance medical practices and discover treatments to cures. CHUS Foundation helped fund 1,368 research projects in F2023. The charity reports the research team is comprised of 303 researchers, 182 research professionals, 900 research students, and 13 Canada research chairs. The charity highlighted research projects focused on bladder and testicular cancer.
In F2023, CHUS Foundation spent 12% ($1.1m) of grants on Angiography and Hemodynamics. The charity helped fund new angiography and hemodynamics rooms at Fleurimont Hospital. In F2023, the charity purchased a biplane system to help with Angiography examinations. In F2023, over 2,000 patients benefitted from the new piece of equipment. CHUS Foundation estimates the hospital receives 3,600 hemodynamic patient visits annually.
In F2023, CHUS Foundation spent 6% ($532k) of grants on Medical Imaging. The foundation reports it helped fund 261,272 medical imaging examinations in F2023.
The remaining 22% ($1.9m) was spent on nine small programs. This includes Oncology, Humanizing Care, Pediatrics, Oral Immunotherapy, Intensive Care, Mental Health, Gynaecology, Pharmacy, and Other.
The charity did not disclose what the $135k on program spending went toward.
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Results and Impact
CHUS Foundation reports that 95% of children with cancer in the Sherbrooke area now receive all their treatments in Sherbrooke. In 2018, only 25% of children received their cancer care in Sherbrooke. Previously, children had to travel to Montreal, as the CHUS did not have access to all clinical research protocols. Since 2018, the charity consolidated the oncopediatrics team and sped up the opening of various research protocols and equipment.
While Ci highlights these key results, they may not be a complete representation of CHUS Foundation’s results and impact.
This charity is not yet rated on impact.
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Finances
CHUS Foundation received $13.4m in donations and special events revenue in F2023. The charity spent $8.8m on its grants and programs, which is 64% of revenue. CHUS Foundation recorded a surplus of $453k in F2023, which is 3% of revenue.
Administrative costs are 15% of revenue (excluding investment income). Fundraising costs are 17% of donations. For every dollar donated to the charity, 68 cents are available to go to the cause, which is within Ci’s reasonable range.
CHUS Foundation has $56.8m in reserve funds (cash and investments), of which $2.2m is donor endowed. Excluding donor-endowed funds, the charity’s reserves can cover 629%, or six years and four months of its annual program and grant costs.
In F2023, CHUS Foundation’s $42.7m in investments returned ($418k) at a rate of (1%). Over the past ten years, the charity’s investments have returned an average of 6%.
This charity report is an update that has been sent to CHUS Foundation for review. Changes and edits may be forthcoming.
Updated on August 14, 2024 by Liam Chapleau.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 15.1% | 20.8% | 20.5% |
Fundraising costs as % of donations | 17.0% | 20.3% | 20.2% |
Total overhead spending | 32.1% | 41.0% | 40.6% |
Program cost coverage (%) | 628.5% | 979.6% | 757.1% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 9,324 | 5,212 | 3,848 |
Goods in kind | 405 | 366 | 572 |
Government funding | 9 | 130 | 330 |
Business activities (net) | 221 | 204 | 121 |
Special events | 4,102 | 2,400 | 2,172 |
Investment income | (418) | 4,166 | 8,453 |
Total revenues | 13,642 | 12,479 | 15,497 |
Program costs | 135 | 271 | 152 |
Grants | 8,650 | 5,455 | 6,795 |
Administrative costs | 2,128 | 1,724 | 1,442 |
Fundraising costs | 2,275 | 1,544 | 1,214 |
Total spending | 13,189 | 8,995 | 9,603 |
Cash flow from operations | 453 | 3,484 | 5,894 |
Capital spending | 21 | 67 | 0 |
Funding reserves | 56,752 | 56,220 | 52,738 |
Note: DEFERRED DONATIONS: Ci included deferred donations, which affected revenue by $150k in F2023, $61k in F2022, and $205k in F2021. BUSINESS ACTIVITIES NET EXPENSES: Ci accounts for business activities on a revenue net expenses basis. This affected both revenue and expenses by ($246k) in F2023, ($176k) in F2022, and ($121k) in F2021. USE OF T3010: Ci used the charity’s T3010 to report program, administrative, and fundraising costs as the charity’s audited financial statement does not use activity-based costing. CHANGE IN GRANTS PAYABLE: Ci accounted for the change in the amount due to CIUSS Hospital, which affected grants by ($910k) in F2023, $1.7m in F2022, and ($2.1m) in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
4 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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