Mount Sinai Hospital Foundation Montreal
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
D
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.
52%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 52 cents are available for programs.
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Programs
About Mount Sinai Hospital Foundation Montreal:
Founded in 1973, Mount Sinai Hospital Foundation Montreal (MSHFM) fundraises for Montreal’s Mount Sinai Hospital with the goal of supporting excellence in pulmonary and palliative care. The hospital has 107 beds and specializes in respiratory care, long-term care and palliative care. It is a clinical research leader in chronic obstructive pulmonary disease and sleep apnea. The hospital’s sleep apnea clinic is technologically advanced, helping patients who experience chronic diseases sleep better and, ultimately, live better. Treating sleep apnea reduces long-term risks of heart attacks and strokes. The hospital is currently participating in 24 research projects on pulmonary rehabilitation, sleep apnea and palliative care.
MSHFM has 2 major donor events, Car Rally and Six and the City. These events brought in $297k in F2015, $451k in F2014, and $541k in F2013.
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Finances
Mount Sinai Hospital Foundation Montreal is a small-cap charity hospital foundation with total donations and special events fundraising of $771k in F2015. Administrative costs were 31% of revenues. Fundraising costs were 17% of donations. For every $1 donated to the charity, 51 cents go towards MSHFM’s grants to the hospital, falling outside of Ci’s reasonable range. MSHFM had funding reserves in F2015 of $3.8m, of which $1.7m are donor-endowed. This results in a program cost coverage ratio, excluding donor-endowed funds, of 552%, meaning that the charity can cover over 5.5 years of program costs with its current reserves. MSHFM has committed to grant $403k in F2016.
This charity report is an update that is being reviewed by Mount Sinai Hospital Foundation Montreal. Changes and edits may be forthcoming.
Updated on May 29, 2017 by Kevin Silberberg.
Financial Review
Fiscal year ending December
|
2015 | 2014 | 2013 |
---|---|---|---|
Administrative costs as % of revenues | 31.3% | 46.4% | 42.4% |
Fundraising costs as % of donations | 17.2% | 24.3% | 28.0% |
Program cost coverage (%) | 551.5% | 280.4% | 246.1% |
Summary Financial StatementsAll figures in $s |
2015 | 2014 | 2013 |
---|---|---|---|
Donations | 473,881 | 508,924 | 461,073 |
Goods in kind | 879,000 | 179,000 | 337,000 |
Special events | 297,348 | 451,413 | 541,384 |
Investment income | 114,723 | 174,405 | 232,486 |
Total revenues | 1,764,952 | 1,313,742 | 1,571,943 |
Grants | 463,654 | 660,656 | 909,760 |
Administrative costs | 516,165 | 528,443 | 567,753 |
Fundraising costs | 132,548 | 233,480 | 280,543 |
Cash flow from operations | 652,585 | (108,837) | (186,113) |
Funding reserves | 3,763,579 | 3,157,530 | 3,289,813 |
Note: Ci has adjusted expenses by including grants to the Mount Sinai Hospital Montreal, increasing expenses by $464k in F2015, $661k in F2014, and $910k in F2013.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
0 |
$40k - $80k |
1 |
< $40k |
2 |
Information from most recent CRA Charities Directorate filings for F2015
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Comments & Contact
Comments added by the Charity:
Charity Contact
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