Cape Breton Regional Hospital Foundation

45 Weatherbee Road, Suite 209
Sydney, NS B1M 0A1
Board Chair: Stan MacDonald
CEO: Paula MacNeil

Charitable Reg. #:13040 4593 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.

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.

66%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 66 cents are available for programs.



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OVERVIEW

About Cape Breton Regional Hospital Foundation:

Cape Breton Regional Hospital Foundation is a 1-star charity. It has a C- in results reporting, meaning it lacks information on the results of its grants. The charity has $15.9m in funding reserves that can cover granting for over 8 years. 

Founded in 1995, Cape Breton Regional Hospital Foundation (CBRHF) is the fundraising organization for Nova Scotia Health Authority (NSHA). NSHA includes Cape Breton Regional Hospital, the regional referral and trauma centre for Cape Breton Island, as well as New Waterford Consolidated Hospital and Glace Bay General Hospital. Cape Breton Regional Hospital sees approximately 600,000 patients each year. The Cape Breton Cancer Centre, part of Cape Breton Regional Hospital, has more than 45,000 visits per year.

In F2021, the foundation granted $817k to Nova Scotia Health authority, of which $648k went toward patient care/support and $169k went toward equipment/facility enhancements. The foundation granted also $5k to other organizations in F2021 (see note below: Ci adjusted for changes in grants payable to NSHA).

CBRHF’s Cancer Patient Care fund supports approximately 45 patients per month. The fund helps cover the cost of travel to medical appointments, home bills, and other supports like therapy, yoga, and counseling. In F2021, CBRHF purchased a new echocardiogram machine for the hospital. This machine will serve approximately 5,000 heart patients and 600 cancer patients each year.

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Results and Impact

CBRHF reports that since 1998, cancer diagnoses on the Island have increased by 135 percent, and patient visits to its Cancer Centre have more than tripled. In F2021, construction began on the new Cape Breton Cancer Centre, which will be more than double the size of the original Cancer Centre.

While Charity Intelligence highlights these key results, they may not be a complete representation of Cape Breton Regional Health Foundation’s impact.

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Finances

CBRHF received $3.1m in donations and special event revenues in F2021. Its administrative costs were 13% of total revenues and its fundraising costs were 21% of donations. This results in total overhead spending of 34%. In F2021, for every dollar donated, 66 cents went to the cause. This is within Ci’s reasonable range for overhead spending.

The charity has total funding reserves of $15.9m. This includes $6.9m in donor-endowed funding reserves. Excluding donor-endowed funds, the charity could grant for nearly 20 years at the F2021 level or 8.2 years at the 3-year average granting level.

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 9th, 2022 by Emily Downing.

Financial Review


Financial Ratios

Fiscal year ending December
202120202019
Administrative costs as % of revenues 13.0%26.5%21.8%
Fundraising costs as % of donations 20.8%24.5%19.0%
Total overhead spending 33.8%51.0%40.9%
Program cost coverage (%) 1,990.0%869.7%312.9%

Summary Financial Statements

All figures in $000s
202120202019
Donations 2,7971,6712,320
Government funding 761000
Special events 25749258
Investment income 2,024(386)1,676
Total revenues 5,1541,4344,255
Grants 7971,0412,481
Administrative costs 407483563
Fundraising costs 635421491
Total spending 1,8391,9443,534
Cash flow from operations 3,314(510)720
Capital spending 000
Funding reserves 15,89112,60613,238

Note: Ci reported gross special event fundraising revenue and categorized special event fundraising expenses as expenses. This affected total revenues and expenses by $126k in F2021, $10k in F2020, and $71k in F2019. Ci reported amounts received under the Canadian Emergency Wage Subsidy (CEWS) as government revenue. This affected total revenues by $76k in F2021, $100k in F2020, and $0 in F2021. CBRHF reports that it deducted amounts received under CEWS from administrative costs and fundraising costs. Ci added this amount to administrative and fundraising costs pro-rata. Ci adjusted for changes in grants payable to Nova Scotia Health Authority, affecting total expenses by ($25k) in F2021, ($47k) in F2020, and $41k in F2021.

Salary Information

Full-time staff: 10

Avg. compensation: $54,716

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
9
< $40k
1

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.cbrhfoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (902) 567-7752

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Charitable Registration Number: 80340 7956 RR0001