CHUS Foundation
Sherbrooke, QC J1G 2R9
President: Sophie Warren
Treasurer: Mario Iannuzzi
Website: www.fondationchus.org
Charitable Reg. #: 89730 2964 RR0001
Charity Rating
Donor Accountability
Grade: C+
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
Spending Breakdown
Full-time staff #12
Avg. Compensation $60,852
Top 10 Staff Salary Range
| $350k + | 0 |
| $300k - $350k | 0 |
| $250k - $300k | 0 |
| $200k - $250k | 0 |
| $160k - $200k | 0 |
| $120k - $160k | 1 |
| $80k - $120k | 1 |
| $40k - $80k | 6 |
| < $40k | 2 |
About CHUS Foundation:
Founded in 1977, CHUS Foundation raises funds to support CHUS (Centre Hospitalier Universitaire de Sherbrooke), the fourth largest hospital in Quebec. The CHUS Foundation serves about 1 million people each year and provides ultra-specialized care in cardiology, neurosurgery, medical and surgical oncology, and neonatology. Since its incorporation, the CHUS Foundation has given the hospital more than $55 million. In F2015, the foundation granted $7.0m to the hospital: 68% on equipment, 30% on research, and 2% other.
In F2015, the foundation spent $1.4m on a clinical simulation lab, $1.1m on a 3T MRI, $400k on percutaneous cardiac valve patients, $60k on an ultrasound ENT, $41k on ultrasound radiation oncology, and $40k on Pulmonary Fibrosis research.
Financial Review:
In F2015, CHUS Foundation spent 5% of revenues on administrative costs and 24% of donations on fundraising costs. Total overhead costs of 29% fall within Ci's reasonable range. The charity has funding reserves of $41m, which can cover annual programs and grants for 5.4 years.
Analysis updated by Ruoxi Gao in 2016, currently under review by CHUS Foundation.
Financial RatiosFiscal year ending March |
2015 | 2014 | 2013 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.2% | 4.4% | 3.6% |
| Fundraising costs as % of donations | 24.0% | 20.5% | 26.1% |
| Program cost coverage (%) | 541.7% | 318.1% | 474.7% |
Summary Financial StatementsAll figures in $000s |
2015 | 2014 | 2013 |
|---|---|---|---|
| Donations | 6,212 | 8,577 | 6,362 |
| Business activities (net) | 3,482 | 3,715 | 3,156 |
| Special events | 2,645 | 1,328 | 493 |
| Investment income | 3,363 | 3,076 | 1,922 |
| Total revenues | 15,703 | 16,696 | 11,933 |
| Program costs | 546 | 585 | 422 |
| Grants | 7,043 | 10,782 | 6,741 |
| Administrative costs | 647 | 599 | 357 |
| Fundraising costs | 2,129 | 2,027 | 1,788 |
| Cash flow from operations | 5,337 | 2,703 | 2,626 |
| Funding reserves | 41,115 | 36,152 | 34,002 |
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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