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Kelowna General Hospital Foundation

2268 Pandosy Street
Kelowna, BC V1Y 1T2
CEO: Doug Rankmore
Board Chair: Bruce McAuliffe

Charitable Reg. #: 11897 8733 RR0001
Sector: Health - Hospital Foundation
Public Foundation

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

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 #11

Avg. Compensation $80,062

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 0
$80k - $120k 4
$40k - $80k 4
< $40k 1
Information from most recent CRA Charities Directorate filings for F2016

About Kelowna General Hospital Foundation:

Founded in 1978, Kelowna General Hospital Foundation (KGH Foundation) has a mission to enhance the delivery of healthcare to the patients of Kelowna General Hospital and associated facilities in Kelowna, British Colombia. It raises funds for the hospital needs that are not covered by government funding.

Kelowna General Hospital (KGH) had 75,000 emergency department visits in F2016, with 12,808 emergency patients being admitted. In the perinatal department, KGH admitted 1,654 newborns and delivered 1,602 mothers. In total, KGH admitted 21,535 patients. In 2017, once doctors complete their training, KGH will expand its cardiac services and begin to perform transcatheter aortic valve implantations (TAVI).

KGH Foundation raises funds through donations and auxiliary services, which include gift shops, a thrift store, and vending machines. Auxiliary services also include a deli and coffee bar located in the hospital. KGH Foundation disburses these funds to purchase equipment. In F2016, KGH Foundation allocated funds to 31 items, including ultrasound systems and equipment, infant incubator accessories, and a hybrid operating room. The foundation allocated equipment into 3 program categories: capital equipment, patient care and comfort, and Interior Heart and Surgical Centre.

Financial Review:

KGH Foundation is a large charity with donations and special events fundraising of $5.4m in F2016. In addition to donations, $1m is raised through auxiliary services. Administrative costs were 23% of revenues and fundraising costs were 8% of donations. As such, for every $1 donated, 69 cents go towards the cause. This falls within Charity Intelligence’s reasonable range of overhead spending.

KGH Foundation has funding reserves of $26.4m, including donor-endowed funds of $11.8m. This funding reserve can cover annual grants and programs for 6.1 years or 3.9 years if excluding-donor endowed funds.

This charity report is an update that is currently being reviewed by Kelowna General Hospital Foundation. Changes and edits may be forthcoming.

Updated on June 5, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 22.5%12.5%9.5%
Fundraising costs as % of donations 8.4%6.6%3.1%
Program cost coverage (%) 609.8%1,123.1%454.9%

Summary Financial Statements

All figures in $000s
Donations 5,0288,34710,206
Business activities (net) 1,021947767
Special events 365651450
Investment income (62)1,2931,144
Total revenues 6,35111,23712,567
Grants 4,3252,2974,082
Administrative costs 1,4431,2411,089
Fundraising costs 453593332
Cash flow from operations 1297,1067,064
Funding reserves 26,37725,79518,568
Note: KGH foundation initially reported amortization allocated to business activity. Ci removed this, increasing revenue by $55k in F2015 and $55k in F2014. In F2016, KGH Foundation did not break down business activity revenues. As such, amortization could not be broken out of net business activities.