Belleville General Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
C-
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.
67%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 67 cents are available for programs.
My anchor
OVERVIEW
About Belleville General Hospital Foundation:
Belleville General Hospital Foundation is a one-star charity with a low results reporting grade and overhead costs within Ci's reasonable range. It has funding reserves that can cover over six years of grant spending. The charity is not financially transparent.
Registered in 1979, Belleville General Hospital Foundation (BGHF) is a charity that raises money for Quinte Healthcare Corporation. Quinte Healthcare Corporation is a healthcare network that consists of four hospitals: Belleville General Hospital, North Hastings Hospital, Prince Edward County Memorial Hospital, and Trenton Memorial Hospital. BGHF mainly funds the purchase of new equipment and technology at the hospitals it supports. In F2021, it granted $1.5m to Quinte Healthcare Corporation.
Belleville General Hospital Foundation funds equipment purchases in six different areas: cancer care, cardiology, emergency care, maternal and pediatric care, mental health, and laboratory medicine. In F2019, The charity reports that it purchased seven arthroplasty power tool sets, five colonoscopes, two vital sign machines and one bladder scanner. It also reports that it purchased 17 bedside cardiac monitors and ten defibrillators. It does not report when it purchased this equipment.
My anchor
Results and Impact
Charity Intelligence did not find any quantified outcomes on Belleville General Hospital Foundation’s website. This may not be a complete representation of BGHF’s results and impact.
This charity is not yet rated on impact (n/r).
My anchor
Finances
In F2021, Belleville General Hospital Foundation received $2.7m in donations and special events revenue. It also earned $1.1m in investment income during the year (30% of total revenue), representing a 21% annual return. Its average annual investment return from F2015 to F2021 is around 7%. The average annual investment return of the S&P 500 from 2015 to 2021 is around 13%.
Combined fundraising and administrative costs are 33% of total revenue excluding investment income. For every dollar donated to the charity, 67 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Belleville General Hospital Foundation has $9.4m in net funding reserves which can cover F2021 grant spending for around six years and six months. Its funding reserves can cover average annual grant spending from the last five years for around four years and eight months.
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 August 11th, 2022 by Arjun Kapur.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 33.4% | 26.4% | 21.0% |
| Total overhead spending | 33.4% | 26.4% | 21.0% |
| Program cost coverage (%) | 651.9% | 370.4% | 685.3% |
Summary Financial StatementsAll figures in $s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 1,741 | 2,634 | 3,149 |
| Special events | 930 | 633 | 665 |
| Investment income | 1,127 | 346 | 390 |
| Total revenues | 3,798 | 3,613 | 4,204 |
| Grants | 1,446 | 2,165 | 1,120 |
| Fundraising & administrative costs | 891 | 863 | 801 |
| Total spending | 2,337 | 3,028 | 1,921 |
| Cash flow from operations | 1,461 | 585 | 2,283 |
| Funding reserves | 9,426 | 8,019 | 7,675 |
Note: Investment account fees are reported net of investment income and not as an expense. This affects both revenues and expenses by ($55k) in F2021, ($34k) in F2020, and ($36k) in F2019. Ci adjusts grant spending by amounts due to Quinte Health Corporation to report on a cash basis. This affects expenses by ($144k) in F2021, $846k in F2020, and $1.4m in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
0 |
$40k - $80k |
4 |
< $40k |
2 |
Information from most recent CRA Charities Directorate filings for F2021
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (613) 969-7400 x2061