University of Ottawa Heart Institute Foundation

40 Ruskin Street, Room H-2408
Ottawa, ON K1Y 4W7
President & CEO: Jim Orban
Treasurer: David Bennet

Charitable Reg. #:14081 3452 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.

76%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 76 cents are available for programs.



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Programs

About University of Ottawa Heart Institute Foundation:

University of Ottawa Heart Institute Foundation (UOHIF) raises money to fund building projects, equipment purchases, research, programs, and patient education at University of Ottawa Heart Institute. In F2018, University of Ottawa Heart Institute had more than 239,000 patient visits, performed 1,657 complex surgeries, and 11,932 non-surgical procedures.

The foundation reports that as the Canadian population ages there will be an increasing number of people living with heart disease. Awareness of the risks and symptoms of heart disease in women specifically is unfortunately low for both the public and healthcare professionals. Every year in Ontario, approximately 20,000 women die of heart disease and treatments cost the healthcare system $2.8 billion.

In F2018, 82% of UOHIF grants were allocated to capital projects. A 145,000 square foot critical care tower was opened in April 2018. The tower increases capacity at University of Ottawa Heart Institute by 17% and includes operating rooms, specialized labs, and an intensive care unit. Existing parts of the institute are being renovated to include escalators and a new registration process.

Research projects received 11% of grants in F2018. The institute had 298 active clinical trials with researchers working to improve treatments and eventually eliminate heart disease.

In F2018, the remaining grants were allocated to Canadian Women’s Heart Centre (3%), equipment (2%), education (1%), and French and other programs (1%).

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Results and Impact

In 2004, University of Ottawa Heart Institute began the STEMI Program. When patients show symptoms of a serious STEMI (ST-segment elevation myocardial infarction) heart attack, hospitals in the Ottawa region follow set steps to administer initial treatment and transfer the patient to the institute. The protocol has reduced heart attack deaths in the Ottawa region by 50%.

UOHIF funding for early-stage research can help to advance projects to become eligible to receive outside funding. Select research projects which had collectively received approximately $500,000 from UOHIF prior to F2018 have since been awarded $4.2m in national grants.

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Finances

University of Ottawa Heart Institute Foundation is a large charity with donations of $12.7m in F2018. The foundation received $3.4m in investment income, representing 21% of total revenues. Administrative costs are 6% of revenues less investment income, and fundraising costs are 18% of donations. For every dollar donated, 76 cents go to the cause, which is within Ci’s range for reasonable overhead spending.

UOHIF has $77.0m in funding reserves which could cover granting at the F2018 level for almost three years. While UOHIF does maintain an endowment fund, Ci has been unable to identify the respective allocations of donor-endowed and funds internally endowed by the board. As a result, all endowed funds have been included in calculating the program cost coverage ratio.

This charity report is an update that has been sent to University of Ottawa Heart Institute Foundation for review. Changes and edits may be forthcoming.

Updated on June 27, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 6.4%4.5%4.4%
Fundraising costs as % of donations 17.6%16.4%15.5%
Program cost coverage (%) 277.0%644.3%1,273.7%

Summary Financial Statements

All figures in $000s
201820172016
Donations 12,71714,14815,242
Goods in kind 79327130
Investment income 3,4207,622(631)
Total revenues 16,21522,09714,742
Grants 27,81113,4766,398
Administrative costs 815657675
Fundraising costs 2,2412,3142,362
Cash flow from operations (14,652)5,6505,307
Capital spending 000
Funding reserves 77,03786,82781,486

Note: Ci has included in-kind donations, affecting revenues by $79k in F2018, $327k in F2017, and $130k in F2016.

Salary Information

Full-time staff: 18

Avg. Compensation $93,692

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
1
$120k - $160k
1
$80k - $120k
5
$40k - $80k
2
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.foundation.ottawaheart.ca
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