Canadian Liver Foundation

3100 Steeles Avenue East, Suite 801
Markham, ON L3R 8T3
President & CEO: Gary A. Fagan
Board Chair: Morris Sherman

Charitable Reg. #:10686 2949 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.

B-

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.

56%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 56 cents are available for programs.



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Programs

About Canadian Liver Foundation:

Founded in 1969, Canadian Liver Foundation (CLF) states that it was the first organization in the world to focus on supporting research and education on the causes, diagnoses, prevention and treatment of liver diseases. CLF’s mission is to promote liver health and provide hope for people living with liver disease by funding liver research, increasing public awareness education, running support programs, and advocating for liver health. CLF states that 1 in 4 Canadians may be affected by liver disease, and many do not even know it. 

CLF spent $2.7m on research programs and grants in F2018 (66% of total program costs and grants). This included $390k in operating grants, $200k in team grants, $4k on summer studentships, and $17k on graduate studentships. In F2018, CLF provided funding to 37 researchers, and collaborated with 707 investigators and educators through research and education partnerships. 

Education and support programs made up 18% of program costs and grants in F2018. Thanks to CLF’s educational campaigns, 18.1 million Canadians were educated on liver health and liver disease from healthcare professionals in F2018. After the success of its Could You Have It Hepatitis C testing campaign in F2015, CLF ran a follow-up campaign. CLF provided an online tool available in English, French and Chinese that allowed over 14,500 individuals to learn if they should speak to their doctor about getting tested for hepatitis C. Over 10 million Canadians were reached in F2018. 

The remainder of program and grant costs went towards CLF’s advocacy work. CLF advocates at all levels of government to emphasize the importance of liver-related health issues and support for those affected 

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Finances

Canadian Liver Foundation is a large charity with total donations of $6.7m in F2018. Administrative costs are 20% of revenues and fundraising costs are 23% of donations. Per dollar donated to the charity, 56 cents go towards its programs and grants, which is outside Ci’s reasonable range for overhead spending. CLF’s funding reserves of $6.4m can cover annual program costs and research grants for 1.5 years.

Grants of $2.7m in F2018, $2.9m in F2017, and $2.2m in F2016 represent CLF's research grants and program costs as reported in the audited financial statements.

CLF reports using external fundraisers as part of its fundraising activities. In its most recent F2017 T3010 CRA filing, CLF reports spending $943k on external fundraisers that raised $1.6m on behalf of the charity. This produces an external fundraising ratio of 58%.

CLF’s audited financial statements report research commitments for multi-year research grants of $656k for F2019, $240k for F2020, and $60k for F2021. Following F2016, CLF’s Board committed to fund $316k for new Liver Research in Canada projects.

This charity report is an update that has been sent to Canadian Liver Foundation for review. Comments and edits may be forthcoming.

Updated on July 31, 2019 by Caroline McKenna.

Financial Review


Financial Ratios

Fiscal year ending December
201820172016
Administrative costs as % of revenues 20.2%18.5%19.6%
Fundraising costs as % of donations 23.3%25.4%26.7%
Total overhead spending 43.5%43.8%46.3%
Program cost coverage (%) 153.1%143.4%190.5%

Summary Financial Statements

All figures in $000s
201820172016
Donations 6,6936,7776,271
Government funding 086165
Business activities (net) 21465203
Investment income (6)453514
Total revenues 6,9027,3817,154
Program costs 1,4321,5211,370
Grants 2,7432,9152,160
Administrative costs 1,3951,2791,299
Fundraising costs 1,5611,7191,675
Total spending 7,1317,4346,504
Cash flow from operations (229)(53)650
Capital spending 5140
Funding reserves 6,3916,3606,724

Note: Ci gathered government funding from the charity’s 2017 and 2016 T3010 CRA filings and backed the amounts out of donations. The charity’s F2018 T3010 filing was not available at the time of profile update, so Ci could not break out government funding for 2018. Ci reported chapter gaming revenue net of direct expenses, reducing revenues and expenses by $19k in F2018, $10k in F2017, and $8k in F2016. Ci backed out amortization on a pro-rata basis from program, administrative and fundraising costs. Ci reported all research expenses in grants.

Salary Information

Full-time staff: 27

Avg. Compensation $66,602

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
0
$80k - $120k
2
$40k - $80k
7
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

Website: www.liver.ca
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