Lions Gate Hospital Foundation

231 East 15th Street
North Vancouver, BC V7L 2L7
President: Judy Savage
Board Chair: Paul Hamilton

Charitable Reg. #:11902 0907 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

D+

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.

91%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 91 cents are available for programs.

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Programs

About Lions Gate Hospital Foundation:

Founded in 1981, Lions Gate Hospital Foundation (LGHF) raises funds for health care centres in northern Vancouver. The main beneficiary is Lions Gate Hospital. LGHF also sponsors Cedarview Lodge, Evergreen House and seven other hospitals. LGHF focuses on enhancing patient care and purchasing new equipment to respond to advances in medical technology. Grants this year went to LGH NOW (an outpatient care centre), a medical and surgical care centre, surgical hospice expansion, fluoroscopy/x-ray machines, youth mental health unit and equipment, as well as other minor projects.  

LGHF reported the purchase of a new CT scanner, which allowed the medical imaging department to perform over 20,000 CT scans each year. In addition, the palliative care team on the North Shore currently connects with about 800 patients yearly. Currently, the LGHF is raising funds for a 225,000 square foot medical and surgical centre, due to open by 2023.  

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Results and Impact

Lions Gate Hospital Foundation reports that with the installation of the fluoroscopy unit, Lions Gate Hospital’s X-ray capacity has increased by as much as 50%, meaning speedier access to imaging for patients, and less waiting time for diagnosis. 

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Finances

Lions Gate Hospital Foundation is a large charity with donations and special event revenues of $21.4m in F2018.  Administrative costs are 7% of revenues (excluding investment income) and fundraising costs are 3% of donations and special events fundraising. For every dollar donated, 91 cents go to the cause. This is within Ci’s reasonable range for overhead spending.  

LGHF has total funding reserves of $49.5m, which include $44.7m in donor-endowed funds. Excluding donor-endowed funds, the charity can cover annual program costs for approximately nine months.  

This charity report is an update that has been sent to Lions Gate Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on May 29th, 2018 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending June
201820172016
Administrative costs as % of revenues 6.5%6.7%5.4%
Fundraising costs as % of donations 2.7%2.9%2.3%
Program cost coverage (%) 575.1%344.6%600.7%

Summary Financial Statements

All figures in $000s
201820172016
Donations 18,88217,86517,312
Special events 2,5422,4482,288
Investment income 3,6924,4631,638
Other income 118318164
Total revenues 25,23425,09521,401
Grants 8,60313,0449,491
Administrative costs 1,4021,3711,069
Fundraising costs 574597440
Other costs 2342190
Cash flow from operations 14,4219,86310,401
Funding reserves 49,47644,94557,006

Note: Ci has included all unrealized and realized gains from investments in its revenues calculation. As a result, revenues are affected by $1.7m in F2018, $2.6m in F2017, and ($244k) in F2016.

Salary Information

Full-time staff: 12

Avg. Compensation $101,954

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
1
$40k - $80k
7
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.lghfoundation.com
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