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General Hospital (Grey Nuns) of Edmonton Hospital Foundation

3C60 11111 Jasper Ave NW
Edmonton, AB T5K 0L4
Executive Director: Tracy Sopkow
Board Chair: Ron Gilbertson

Charitable Reg. #: 12586 8125 RR0001
Sector: Health - Hospital Foundation
Public Foundation

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

2012 2013 2014
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #5

Avg. Compensation $64,180

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 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About General Hospital (Grey Nuns) of Edmonton Hospital Foundation:

Founded in 1990, the Grey Nuns Hospital Foundation is one of two foundations that make up the Caritas Foundation (the Misericordia Hospital Foundation being the other), which raises funds to support programs and services, health equipment, research, and education at Covenant Health's 6 locations in Edmonton and St. Albert. Covenant Health is Canada's largest Catholic health care organization, with 18 health care centres throughout Alberta. The Caritas Foundation is focused on supporting 4 pillars of care: acute care, palliative care, seniors care, and mental health.

Since its founding, the Caritas Foundation has helped support the following: building Villa Caritas, a 150-bed facility that serves seniors; purchasing advanced equipment for the Institute for Reconstructive Sciences in Medicine at Misericordia Community Hospital; purchasing incubator/radiant warmers for the Intermediate Care Nursery at Grey Nuns Community Hospital; and starting 4 Surgical Centres of Excellence at Grey Nuns Community Hospital; among others.

Financial Review:

Fundraising costs are 11% of donations and administrative costs are 26% of revenue. The Foundation has funding reserves of $20.5m (including $6.1m of donor-endowed funds), which cover annual program costs 10.5 times (or 7.4 times excluding donor-endowed funds).

This charity report is an update that is being reviewed by the foundation. Changes and edits may be forthcoming.

Updated on August 13, 2015 by Rohan Bhargava

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 25.6%43.8%13.4%
Fundraising costs as % of donations 11.2%34.2%23.8%
Program cost coverage (%) 1,051.4%1,755.6%1,899.9%

Summary Financial Statements

All figures in $000s
Donations 1,7721,3804,226
Lotteries (net) 269(91)473
Business activities (net) 140120105
Investment income 653495408
Total revenues 2,8341,9045,213
Grants 1,9451,054886
Administrative costs 558617645
Fundraising costs 1994721,005
Cash flow from operations 132(238)2,677
Funding reserves 20,44918,49716,828
Note: Ci reported lottery income net of related expenses of $2.4m in F2014, $2.6m in F2013 and $5.3m in F2012. Ci adjusted revenues for unrealized gain (loss) on investment of $919k in F2014, $431k in F2013 and ($294k) in F2012.

Comments added by the Charity:

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