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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
Sector: Health
Operating Charity

Results Reporting

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #6

Avg. Compensation $72,325

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 1
Information from most recent CRA Charities Directorate filings for F2014

About Cape Breton Regional Hospital Foundation:

Founded in 1995, Cape Breton Regional Hospital Foundation is the fundraising organization for Cape Breton Healthcare Complex  in Sydney, Nova Scotia.  Cape Breton Healthcare Complex includes  Cape Breton Regional Hospital,  New Waterford Consolidated Hospital, and  Glace Bay General Hospital.  The complex reported that it treats more than 200,000 patients each year.

In F2015, the foundation granted $1.4m to the complex: $454k to cancer care, $295k to diagnostic imaging, $188k to operating rooms, $102k to mental health and addiction services, $92k to critical care, $71k to labour and delivery, $69k to emergency, $43k to pediatric care, $42k to Glace Bay General Hospital, $25k to Palliative Care, $18k to medical staff education, and $13k to New Waterford Consolidated Hospital.  

Financial Review:

In F2015, Cape Breton Regional Hospital Foundation  spent 21% of revenues (excluding investment income) on administrative costs and 17% of donations on fundraising costs. Total overhead costs of 37% fall within Ci's reasonable range. The charity has funding reserves of $10.7m, which can cover annual grants for 7.5 years.

Analysis updated by Ruoxi Gao in 2016, currently under review by  Cape Breton Regional Hospital Foundation.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 20.5%15.4%9.9%
Fundraising costs as % of donations 16.8%11.3%12.9%
Program cost coverage (%) 753.3%669.5%443.1%

Summary Financial Statements

All figures in $s
Donations 1,815,7772,385,6642,050,873
Business activities (net) 0124,1881,613,578
Special events 271,975158,116182,448
Investment income (715,772)431,0111,001,990
Other income 27,39750,09150,798
Total revenues 1,399,3773,149,0704,899,687
Grants 1,414,6971,726,1352,528,284
Administrative costs 433,457419,419384,260
Fundraising costs 351,204287,717287,832
Cash flow from operations (799,981)715,7991,699,311
Funding reserves 10,657,35011,556,64111,201,909
Note: The charity's F2015 T3010 filing was not posted on the CRA's website when this profile was created and compensation information is based on the charity's F2014 T3010 filing.  

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