University of Ottawa Heart Institute Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
D+
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.
78%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 78 cents are available for programs.
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OVERVIEW
About University of Ottawa Heart Institute Foundation:
University of Ottawa Heart Institute Foundation is a two-star charity that is financially transparent. It has a results reporting grade of D+ which is below average. For every dollar donated to the charity, 78 cents are available to go to the cause.
The University of Ottawa Heart Institute Foundation (UOHIF) was founded in 1994. This charity raises money to fund building projects, equipment purchases, research, programs, and patient education at Ottawa Heart Institute Research Corporation and University of Ottawa Heart Institute. In fiscal 2023 (year ended March), UOHIF granted $26.3m (85%) to Ottawa Heart Institute Research Corporation and $1.1m (4%) to University of Ottawa Heart Institute. The University of Ottawa Heart Institute is the country’s largest cardiovascular care centre dedicated to understanding, preventing, and treating heart disease. In F2023, UOHIF granted $30.9m total.
In F2023, 90% of UOHIF’s program spending went toward Research. It’s research funding went towards three main pillars: Scientific Priorities, Heart Teams, and Innovation Hubs. In 2024, some of its scientific priorities are precision medicine, artificial intelligence, and healthy diverse populations. The Heart Teams research looks at advancing treatment for heart diseases such as complex arrhythmia, heart failure, women’s heart health, and valvular heart disease. The Innovation Hubs use research tools and resources to better understand these heart diseases. In F2023, Ottawa Heart Institute Research Corporation published 322 research articles and 294 active clinical studies.
The other 10% of UOHIF’s spending goes towards Equipment & Infrastructure and Other Patient Programs. In F2023, the University of Ottawa Heart Institute did 67,998 diagnostic tests, and 2,022 open-heart and catheter-based procedures using some of the equipment from UOHIF.
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Results and Impact
Charity Intelligence found that University of Ottawa Heart Institute Foundation reported many stories but few results on its work. This may not be a complete representation of UOHIF’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
University of Ottawa Heart Institute Foundation received $14.2m in donations in F2023. This is a 28% decrease from F2022. In F2023, the charity also received $989k in investment income, representing 7% of total revenues. Administrative costs were 6% of revenues and fundraising costs were 15% of donations. Overhead costs are 22% meaning that for every dollar donated, 78 cents go toward the cause. This is within Ci’s reasonable range.
In F2023, UOHIF has reserve funds of $75.2m, of which $11.1m is donor-endowed. Excluding the donor-endowed funds, the charity’s F2023 reserves can cover granting and other program costs for two years and one month.
Profile updated May 28, 2024 by Abby Stout.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 6.3% | 3.8% | 3.9% |
| Fundraising costs as % of donations | 15.4% | 9.7% | 6.4% |
| Total overhead spending | 21.6% | 13.5% | 10.3% |
| Program cost coverage (%) | 211.3% | 750.6% | 931.1% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 14,173 | 19,671 | 25,573 |
| Goods in kind | 0 | 0 | 452 |
| Government funding | 0 | 0 | 240 |
| Investment income | 989 | 3,675 | 13,371 |
| Other income | 0 | 5,378 | 0 |
| Total revenues | 15,163 | 28,724 | 39,636 |
| Program costs | 0 | 0 | 0 |
| Grants | 30,902 | 10,904 | 6,868 |
| Administrative costs | 888 | 957 | 1,014 |
| Fundraising costs | 2,176 | 1,909 | 1,641 |
| Total spending | 33,966 | 13,770 | 9,523 |
| Cash flow from operations | (18,803) | 14,954 | 30,113 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 75,228 | 88,606 | 69,553 |
Note: IN-KIND DONATIONS: Ci has included in-kind donations, affecting revenues by $nil in F2023, $nil in F2022, and $452k in F2021. DEFERRED DONATIONS: Ci adjusted donations by changes in deferred revenue from non-government sources. This affected revenue by $22k in F2023, $46k in F2022, and ($35k) in F2021. INSTITUTE RECEIVABLES: In F2022, UOHIF reported an amount receivable FROM UOHI of $5.4m. GRANTS PAYABLE: There is a change in payables from the University of Ottawa heart Institute. This affected revenues by ($15k) in F2023, $nil in F2022, and ($110k) in F2021. OHIRC PAYABLE: In F2023, University of Ottawa Heart Institute Foundation reported paying $1.6m to Ottawa Heart Institute Research Corporation.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
7 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 613-696-7030