Foundation of Stars

205-370 Guy Street
Montreal, QC H3J 1S6
President & CEO: Josée Saint-Pierre
Board Chair: Alain Auclair

Charitable Reg. #:89199 3545 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

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.

33%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 33 cents are available for programs.



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Programs

About Foundation of Stars:

Founded in 1977, Fondation des Étoiles (Foundation of Stars) fundraises for pediatric research grants in Québec. It reports that it is the largest non-government source of funding for pediatric research in Québec. The foundation has distributed more than $70 million since it was first established. These grants are distributed to the pediatric research units at the CHU Sainte-Justine, the Montreal Children’s Hospital, the CHU de Quebec and the CHU de Sherbrooke. Funds were also allocated to bursaries for researchers and the Centre of Excellence on childhood obesity.

In F2019, Foundation of Stars granted $314k to CHU Sainte-Justice for inflammation and infections research in adolescents. The Montreal Children’s Hospital received $314k for neurodevelopment and mental health research in children. CHU de Quebec’s grant of $101k focuses on rare diseases at birth and CHU de Sherbrooke’s grant of $71k is for perinatal health research.

Foundation of Stars also granted $204,721 to seven new researchers in F2019, as part of the foundation's next generation bursary program. The Centre of Excellence on childhood obesity was provided with $122k to support research related to the child obesity epidemic. During the foundations, provincial conference on mother-child research, six presentation awards worth a total of $3,000 were provided to students. 

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Results and Impact

A study conducted by researchers at McGill University and CHU de Sherbrooke used a preclinical animal model to illustrate how a placenta infection impacts the autism spectrum in males, but not females. Moving forward, the research team will examine how to block the infection while administering antibiotics.  Also, a researcher at the Montreal Children’s Hospital has highlighted the importance of a protein called TIM-3. The protein has been identified as essential in regulating the immune system in certain cancer patients.

While Ci highlights these key results, they may not be a complete representation of Foundation of Stars' results and impact.

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Finances

Foundation of Stars is a Medium-sized charity, receiving $1.8m in donations and special event revenue in F2019. Administrative costs are 22% of revenues and fundraising costs are 45% of donations. For every dollar donated, 33 cents go the cause. This is not within Ci’s reasonable range for overhead spending. Funding reserves of $2.1m can cover 1.7 years of annual program costs.

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

Updated on July 28, 2020 by Tenzin Shomar.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Administrative costs as % of revenues 36.2%19.7%19.9%
Fundraising costs as % of donations 30.4%37.1%38.2%
Total overhead spending 66.6%56.8%58.0%
Program cost coverage (%) 173.5%162.8%1,267.3%

Summary Financial Statements

All figures in $s
201920182017
Donations 1,233,6961,305,0321,166,675
Special events 575,340850,3541,018,904
Investment income 33,04231,91026,280
Total revenues 1,842,0782,187,2962,211,859
Program costs 000
Grants 1,184,6871,646,538268,535
Administrative costs 654,981424,197434,315
Fundraising costs 550,074800,065834,338
Total spending 2,389,7422,870,8001,537,188
Cash flow from operations (547,664)(683,504)674,671
Capital spending 5,7428,0600
Funding reserves 2,055,1202,681,0873,403,063

Note: Charity Intelligence has analysed the charity’s French audited financial statements to the best of our abilities but recognizes that detailed financial information is beyond our linguistic expertise. Material omissions may be reflected in Charity Intelligence’s analysis. The charity’s audited financial statements present net fundraising revenues. Ci has reallocated fundraising expenses to fundraising costs.

Salary Information

Full-time staff: 7

Avg. Compensation: $72,676

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
0
$80k - $120k
0
$40k - $80k
4
< $40k
2

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

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Charity Contact

Website: www.fondationdesetoiles.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514-595-5730

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