Cape Breton Regional Hospital Foundation

45 Weatherbee Road, Suite 209
Sydney, NS B1M 0A1
Executive Director: Brad Jacobs
Board Chair: Marlene Usher

Charitable Reg. #:13040 4593 RR0001

STAR RATING

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✔+

FINANCIAL TRANSPARENCY

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

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.

58%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 58 cents are available for programs.



My anchor

Programs

About Cape Breton Regional Hospital Foundation:

Founded in 1995, Cape Breton Regional Hospital Foundation (CBRHF) is the fundraising organization for Cape Breton Healthcare Complex in Sydney, Nova Scotia.  Cape Breton Healthcare Complex includes Cape Breton Regional Hospital, the only hospital in the province to treat patients of all ages, as well as New Waterford Consolidated Hospital and Glace Bay General Hospital.  The complex reported that it treats more than 200,000 patients each year. 

In F2018, the foundation granted $1m to the complex. The majority (91%) of grants were spent on patient care. The foundation runs a patient care funfor patients in financial need due to unexpected costs such as medication not covered by insurance, dental work, and even income replacement. In F2018, the fund supported 45-60 patients every month. This year, the foundation also helped establish a new Research Coordinator position that coordinated three research studies with 17 patients enrolled. 

Cape Breton Regional Hospital Foundation invested the remainder of grants in equipment and facility funding. The foundation funded the construction of a new operating room, an expansion of the cancer centre, a renovation of the pediatrics unit, and a renovation of Caleb’s Courage Superhero Suite where patients and families can have the comfort of home during hospital stays.  

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Finances

Cape Breton Regional Hospital Foundation is a medium-sizecharity, receiving $2.2m in donations and special event fundraising in F2018. Administrative costs are 26% of revenues (excluding investment income), and fundraising costs are 16% of donations and special event fundraising. For every dollar donated, 58 cents go to CBRHF’s programs, which is outside of Ci’s reasonable range for overhead spending. The charity has funding reserves of $12.4m, which can cover annual grants for nine years. 

This report is an update that was sent to Cape Breton Regional Hospital Foundation for review. Changes and edits may be forthcoming. 

Updated on June 18, 2019 by Caroline McKenna.

Financial Review


Financial Ratios

Fiscal year ending December
201820172016
Administrative costs as % of revenues 25.7%23.3%16.4%
Fundraising costs as % of donations 16.3%15.9%13.5%
Total overhead spending 42.0%39.2%29.9%
Program cost coverage (%) 1,249.1%864.0%628.3%

Summary Financial Statements

All figures in $s
201820172016
Donations 1,957,4051,846,1532,526,047
Special events 150,604153,900145,879
Investment income 001,336,290
Total revenues 2,108,0092,000,0534,008,216
Grants 990,1471,487,8961,829,170
Administrative costs 541,597465,902438,865
Fundraising costs 342,938318,886361,096
Total spending 1,874,6802,272,6802,629,130
Cash flow from operations 233,327(272,631)1,379,085
Capital spending 000
Funding reserves 12,367,41012,855,75311,492,829

Note: The charity's F2018 T3010 filing was not posted on the CRA's website when this profile was created, and compensation information is based on the charity's F2017 T3010 filing. To report on a cash basis, Ci adjusted for the change in amounts payable to Nova Scotia Health Authority, affecting expenses by ($32k) in F2018, $74k in F2017, and $58k in F2016.

Salary Information

Full-time staff: 8

Avg. Compensation $61,877

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
0
$80k - $120k
0
$40k - $80k
4
< $40k
3

Information from most recent CRA Charities Directorate filings for F2017

My anchor

Comments & Contact

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Charity Contact

Website: www.becauseyoucare.ca
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