University of Ottawa Heart Institute Foundation
Ottawa, ON K1Y 4W7
President & CEO: Jim Orban
Treasurer: David Bennet
Charitable Reg. #: 14081 3452 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #17
Avg. Compensation $89,607
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||5|
|$40k - $80k||2|
About University of Ottawa Heart Institute Foundation:
University of Ottawa Heart Institute Foundation raises funds for University of Ottawa Heart Institute. Founded in 1969, University of Ottawa Heart Institute is Canada’s largest cardiovascular health centre, caring for over 100k cardiac patients every year. The institute is affiliated with Ottawa Hospital and University of Ottawa. As a complete cardiac centre, the institute is dedicated to the understanding, treatment, and prevention of heart disease. In F2016, the foundation granted $6.4m to University of Ottawa Heart Institute. In F2016, the foundation reported spending 45% on research, 44% on patient care, 6% on equipment, 3% on education, and 2% on other needs.
In F2016, University of Ottawa Heart Institute Foundation spent 4% of revenues on administrative costs and 16% of donations on fundraising costs. Total overhead costs of 20% fall within Ci's reasonable range. The charity has funding reserves of $85m, including donor-endowed funds of $53m. The funding reserves can cover annual grants and programs for 13.3 years or 8.5 years excluding donor-endowed funds.
Analysis updated by Ruoxi Gao in 2016, currently under review by University of Ottawa Heart Institute Foundation.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||4.4%||4.9%||5.7%|
|Fundraising costs as % of donations||15.5%||15.2%||21.6%|
|Program cost coverage (%)||1,325.8%||782.9%||1,111.4%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||5,177||6,570||8,630|