Queensway Carleton Hospital Foundation

3045 Baseline Road
Ottawa, ON K2H 8P4
President & CEO: Melanie Adams
Board Chair: Ron Prehogan

Website: www.qchfoundation.ca
Charitable Reg. #: 13725 3571 RR0001

Sector: Health - Hospital Foundation

Public Foundation

Charity Rating

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Donor Accountability

Grade: C+

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

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2014	2015	2016

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

Full-time staff #12

Avg. Compensation $92,307

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	1
$160k - $200k	0
$120k - $160k	2
$80k - $120k	3
$40k - $80k	4
< $40k	0

Information from most recent CRA Charities Directorate filings for F2016

About Queensway Carleton Hospital Foundation:

The Queensway Carleton Hospital Foundation (QCHF) is the fundraising arm of the Queensway Carleton Hospital, which serves a community of over 400,000 people in the Ottawa Valley. Its mission is to “inspire action from our communities to invest in the Queensway Carleton Hospital.”

In F2014, QCHF launched a new and still ongoing campaign – Advancing Care for All Ages, which aims to raise $30 million. This campaign will help fund the Acute Care of the Elderly (ACE) Unit, a 34-bed geriatric care facility. The funds will also be used to purchase new diagnostic imaging equipment, including a new MRI machine, fluoroscopy unit, and a nuclear gamma camera. QCHF also aims to improve patient care through improvements to its mental health and childbirth programs. In F2015, Queensway Carleton Hospital Foundation purchased the new MRI, fluoroscopy machine, and a CT scanner.

The Foundation is currently looking to invest in new diagnostic imaging technologies to reduce wait times.

Financial Review:

Queensway Carleton Hospital Foundation is a medium-sized charity with $4.7m in donations in F2016. Its administrative costs are 12% of revenues, and its fundraising costs are 20% of donations. For every dollar donated, 68 cents go towards QCHF’s grants to the hospital, falling within Ci’s reasonable range. The foundation has $1m in total funding reserves, resulting in a program cost coverage ratio of 25%. This means that the foundation can cover 3 months of its annual program costs using its existing reserves, showing a need for funding.

This charity report is an update that is being reviewed by Queensway Carleton Hospital Foundation. Changes and edits may be forthcoming.

Updated June 30, 2017 by Kevin Silberberg.

Financial Ratios Fiscal year ending March	2016	2015	2014
Administrative costs as % of revenues	12.0%	14.3%	13.6%
Fundraising costs as % of donations	20.0%	25.5%	23.8%
Program cost coverage (%)	24.5%	(22.4%)	(11.2%)

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	4,732	3,269	3,385
Business activities (net)	3,551	3,219	3,261
Investment income	90	345	360
Total revenues	8,373	6,833	7,005
Grants	4,177	3,658	6,518
Administrative costs	997	928	902
Fundraising costs	948	834	807
Other costs	322	342	357
Cash flow from operations	1,929	1,071	(1,579)
Funding reserves	1,023	(820)	(732)

Note: Ci presented business activities (parking and a gift shop) net of expenses, adjusting both revenues and expenses by ($1.5m) in F2016, ($1.6m) in F2015, and by ($1.4m) in F2014. QCHF does not report separate administrative and fundraising costs in its financial statements. Fundraising costs and management & administration costs obtained from the charity’s T3010 filing with the CRA.

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