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Saanich Peninsula Hospital Foundation

2166 Mt. Newton X Road
Saanichton, BC V8M 2B2
Executive Director: Karen Morgan
Board President: Paul Hames

Charitable Reg. #: 11913 0540 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Results Reporting

Grade: C+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #3

Avg. Compensation $92,510

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 2
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Saanich Peninsula Hospital Foundation:

The Saanich Peninsula Hospital Foundation was founded in 1985 to raise funds for the Saanich Peninsula Hospital, a community hospital serving approximately 30,000 households on the Saanich Peninsula area of Vancouver Island. The hospital was built in 1974 as an Extended Care facility and has grown to become a full-service hospital with 48 acute care beds and 144 extended care beds.

Funds raised by the foundation are used to purchase equipment, train staff and volunteers, and support programs to enhance end of life care at the Saanich Peninsula Hospital. Each year the Foundation directors choose a project (equipment or facility redevelopment) as the primary fundraising target.  In 2016, 39% of funds to the hospital went to purchase a new CT scanner while 40% of funds went to the Acute Care Unit.

The goal for the 2017 campaign is to raise $2 million for the Residential Care Unit to help support new art, music and horticulture therapy programs, revitalize the library, and provide personalized equipment for each resident in the Care Unit.

Financial Review:

The Saanich Peninsula Hospital Foundation received $3.6m in donations and special event revenue in F2016. Administrative costs in F2016 were 5% of total costs and fundraising costs were 11% of donations.  For every dollar donated to the charity, 84 cents went to the cause; however, a surplus of $2.3m (48% of total revenues) was added to funding reserves.  The charity has funding reserves of $14.8m (including $367k in donor-endowed funds). Excluding donor-endowed funds, funding reserves can cover 7.7 years of annual grants and program costs.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 4.9%5.8%3.9%
Fundraising costs as % of donations 11.2%11.1%9.9%
Program cost coverage (%) 785.2%608.1%660.2%

Summary Financial Statements

All figures in $s
Donations 3,477,3233,464,9693,357,207
Goods in kind 927,152204,506356,979
Special events 158,047148,639144,761
Investment income 35,736733,097425,578
Other income 234,9622,673502,341
Total revenues 4,833,2204,553,8844,786,866
Program costs 55,67149,35942,620
Grants 1,823,1812,095,1211,669,435
Administrative costs 234,135221,022169,160
Fundraising costs 407,100401,504345,082
Cash flow from operations 2,313,1331,786,8782,560,569
Funding reserves 14,751,86813,040,67011,302,887
Note: Donations and special events revenue is presented gross of expenses, increasing both revenues and expenses by $196k in F2016, $197k in F2015, and $166k in F2014.  Other revenues include $231k in disposal of real estate in F2016 and $500k in life insurance proceeds in F2014.

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