Montréal Sacré-Coeur Hospital Foundation

5400 boul. Gouin Ouest
Montreal, QC H4J 1C5
Executive Director: Paul Bergeron
Board Chair: Bernard Pitre

Charitable Reg. #:11892 1584 RR0001

STAR RATING

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

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FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

C

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.

44%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 44 cents are available for programs.

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Programs

About Montréal Sacré-Coeur Hospital Foundation:

Founded in 1976, Montréal Sacré-Coeur Hospital Foundation (MSCHF) raises money for Sacré-Cœur Hospital and Albert-Prévost's Mental Health Hospital in Quebec. The foundation grants money to purchase equipment, improve patient care, support research, and continue the training of healthcare professionals. Funds are specifically used to develop the areas of trauma care, cardiovascular (heart and blood vessel) health, respiratory health, mental health, orthopaedics, and bariatric surgery.

Since founding, the foundation has granted almost $75m to the hospitals. This money was used in projects that purchased a da Vinci surgical robot, equipped the coronary care unit, and built a wing to house the integrated trauma centre, mother/child unit, and endoscopy services. The foundation works to support the 600 ongoing research projects at the hospital through providing grants to new projects, purchasing equipment, and financing building upgrades.

MSCHF’s 2018-2022 campaign aims to raise $35m. Campaign funds will be used to expand outpatient services, update the facilities at Albert-Prévost's Mental Health Hospital, create a renal centre for kidney care, build a cancer care centre, and support ongoing training and research.

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Finances

Charity Intelligence has scored Montréal Sacré-Coeur Hospital Foundation as a zero in financial transparency because the charity failed to provide financial statements when requested. The financial analysis completed by Charity Intelligence uses the most recent financial statements available to Ci, through a request to the CRA, at the time of writing this report.

This report was prepared by an English-speaking analyst using the audited financial statements of Montréal Sacré-Coeur Hospital Foundation which are in French. 

Montréal Sacré-Coeur Hospital Foundation is a medium-sized charity with donations and special events revenue of $4.0m in F2017. The foundation received $3.1m in investment income, representing 37% of total revenues. Administrative costs are 21% of revenues less investment income, and fundraising costs are 34% of donations. For every dollar donated, 44 cents go to the cause, which is outside of Ci’s reasonable range for overhead spending.

MSCHF has $49.3m in funding reserves of which $5.0m is donor-endowed. Excluding donor-endowed funds, the foundation could grant at the F2017 level for 11.6 years using reserves.

This charity report is an update that has been sent to Montréal Sacré-Coeur Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on August 1, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending December
201720162015
Administrative costs as % of revenues 21.2%15.9%18.1%
Fundraising costs as % of donations 34.4%26.7%25.6%
Total overhead spending 55.7%42.5%43.8%
Program cost coverage (%) 1,208.0%2,126.9%977.5%

Summary Financial Statements

All figures in $000s
201720162015
Donations 1,8692,9272,293
Business activities (net) 1,2191,2121,040
Special events 2,1222,1601,855
Investment income 3,1204,267665
Total revenues 8,33010,5665,853
Grants 4,0832,1574,244
Administrative costs 1,107999940
Fundraising costs 1,3741,3561,063
Total spending 6,5644,5126,248
Cash flow from operations 1,7676,053(394)
Capital spending 93812
Funding reserves 49,31745,87741,488

Note: Ci reports business revenue and investment income net of related expenses, affecting revenues and expenses by ($3.7m) in F2017, ($3.8m) in F2016, and ($3.6m) in F2015.

Salary Information

Full-time staff: 7

Avg. Compensation $97,966

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
4
< $40k
1

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

Website: www.fhscm.com
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