Belleville General Hospital Foundation

265 Dundas Street
Belleville, ON K8N 5A9
Executive Director: Drew Brown
Board Chair: Peter Knudsen

Charitable Reg. #:11921 5556 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

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.

70%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.



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Programs

About Belleville General Hospital Foundation:

Belleville General Hospital Foundation (BGHF) raises money to purchase equipment and fund building projects at Belleville General Hospital. Belleville General Hospital is one of four hospitals operating under Quinte Healthcare Corporation. The foundation reports that “literally thousands of people in the Quinte region have benefited,” from care at Belleville General Hospital. Through purchasing new equipment, BGHF aims to allow for earlier diagnoses, increase surgery safety, and shorten recovery times.

Belleville General Hospital is set to undertake a building project to improve the hospital’s fracture clinic and expand the space by 3,000 square feet. The expansion will allow for six surgeons to work in the clinic each week. The foundation and hospital must collectively raise $375,000 from donations before the provincial government will contribute the remaining funds needed to finish the project.

BGHF will also be contributing to fund the $2.9m purchase of two new nuclear medicine cameras and related renovations. The cameras are used in diagnosing illnesses including cancer, breathing issues, and infection.

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Finances

Belleville General Hospital Foundation is a medium-sized charity with donations and special events revenue of $3.5m in F2018. Administrative and fundraising costs are 30% of revenues less investment income. For every dollar donated, 70 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

BGHF has $6.0m in funding reserves which could cover granting at the F2018 level for 2.3 years. While the foundation does maintain an endowment fund, Ci has been unable to identify the respective allocations of donor-endowed and funds internally endowed by the board. As a result, all endowed funds have been included in calculating the program cost coverage ratio.

This charity profile is an update that has been sent to Belleville General Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on July 19, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending December
201820172016
Fundraising & admin costs as % of revenues 30.1%48.7%30.5%
Program cost coverage (%) 225.8%203.5%680.4%

Summary Financial Statements

All figures in $s
201820172016
Donations 2,9841,9462,687
Special events 532584523
Investment income (159)235619
Total revenues 3,3572,7653,829
Grants 2,6472,7471,167
Fundraising & administrative costs 1,0591,233980
Cash flow from operations (349)(1,215)1,682
Funding reserves 5,9785,5917,940

Note: Investment income is reported net of investment account fees, affecting revenues and expenses by ($34k) in F2018, ($18k) in F2017, and ($27k) in F2016. Ci has adjusted for the change in grants due to Quinte Healthcare Corporation, affecting expenses by ($6k) in F2018, ($22k) in F2017, and $30k in F2016. Amortization has been removed from administrative and fundraising costs. 

Salary Information

Full-time staff: 10

Avg. Compensation $75,786

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
1
$40k - $80k
4
< $40k
4

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.bghf.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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