Health Sciences Centre Foundation
Winnipeg, MB R3A 1R9
President & CEO: Jonathon Lyon
Board Chair: Tina Jones
Website: www.hscfoundation.mb.ca
Charitable Reg. #: 11895 5012 RR0001
Charity Rating
Results Reporting
Grade: B-
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
endowed
Spending Breakdown
Cents to the Cause
| ♦ | ♦ | ♦ | |
| 95¢ | |||
| 75¢ | |||
| avg | |||
| 65¢ | |||
| 50¢ | |||
| 2013 | 2014 | 2015 |
Full-time staff #13
Avg. Compensation $80,047
Top 10 Staff Salary Range
| $350k + | 0 |
| $300k - $350k | 0 |
| $250k - $300k | 0 |
| $200k - $250k | 0 |
| $160k - $200k | 0 |
| $120k - $160k | 2 |
| $80k - $120k | 2 |
| $40k - $80k | 6 |
| < $40k | 0 |
About Health Sciences Centre Foundation:
Founded in 1976, Health Sciences Centre Foundation (HSCF) raises funds for hospitals in Manitoba. HSCF allocates money towards research, education, technology and infrastructure. Health Sciences Centre hospital is the main beneficiary of HSCF’s grants. The centre is Manitoba’s main hospital, serving over 400,000 patients every year.
In F2015, Health Sciences Centre Foundation gave out $2m (34% of total revenues) to hospitals in Manitoba with approximately $1m for the integration of operating rooms. In addition, the foundation made grants of $70k to brain research, $68k to gall stones and pancreatic cancer research and $67k to Multiple Sclerosis study. Since 1981, HSCF has granted more than $100m in patient care and provided 55,000 square feet of research space to 370 researchers.
Health Sciences Centre Foundation is in a fundraising campaign to improve the Centre for Surgical Innovation at Health Sciences Centre hospital. Since its launch in 2013, the centre has performed 2,200 surgeries and 15,500 imaging procedures. HSCF also funds the Surgical Hearing Implant Program at Health Sciences Centre hospital. Doctors at the centre have performed 110 successful implants on 17 children.
Financial Review:
Health Sciences Centre Foundation is a Mid-Cap charity with donations and special event revenue of $4.2m in F2015. Administrative costs are 14% of total revenues and fundraising costs are 17% of total donations. Total overhead costs come to 31%, falling within Ci’s reasonable range. HSCF’s return on investments are 9% in F2015 and 10% in F2014. HSCF has funding reserves of $21.4m that can cover program costs for 10.5 years. Excluding donor-endowed funds of $11.6m, funding reserves can cover program costs for 6.7 years.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on June 27th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March |
2015 | 2014 | 2013 |
|---|---|---|---|
| Administrative costs as % of revenues | 14.2% | 9.6% | 7.3% |
| Fundraising costs as % of donations | 17.0% | 17.6% | 9.8% |
| Program cost coverage (%) | 1,046.7% | 782.9% | 331.5% |
Summary Financial StatementsAll figures in $000s |
2015 | 2014 | 2013 |
|---|---|---|---|
| Donations | 3,489 | 5,301 | 6,603 |
| Business activities (net) | 43 | 56 | 65 |
| Special events | 698 | 629 | 1,560 |
| Investment income | 1,773 | 1,574 | 829 |
| Total revenues | 6,004 | 7,559 | 9,057 |
| Program costs | 0 | 0 | 0 |
| Grants | 2,045 | 2,427 | 4,552 |
| Administrative costs | 600 | 572 | 597 |
| Fundraising costs | 710 | 1,041 | 798 |
| Cash flow from operations | 2,649 | 3,519 | 3,111 |
| Funding reserves | 21,400 | 18,999 | 15,088 |
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The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.
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