Mount Sinai Hospital Foundation Montreal
Montreal, QC H4W 1S7
CEO: Wendy Corn
President: Eric Maldoff
Website: www.mountsinaifoundation.org
Charitable Reg. #: 11892 4331 RR0001
Charity Rating
Donor Accountability
Grade: C
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
Full-time staff #4
Avg. Compensation $59,812
Top 10 Staff Salary Range
| $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 |
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.
Financial Review:
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 RatiosFiscal 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 (%) | 811.7% | 477.9% | 361.6% |
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 |
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The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-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. No attempt has been made to examine the effectiveness of the charities' programs.
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