Bridgepoint Foundation

14 St. Matthews Rd.
Toronto, ON M4M 2B5
President & CEO: Cynthia Webb
Board Chair: David Leith

Website: www.bridgepointhealth.ca
Charitable Reg. #: 88923 4399 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social Results Reporting

Grade: D+

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 ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #9

Avg. Compensation $126,786

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 1
$80k - $120k 4
$40k - $80k 2
< $40k 0
Information from most recent CRA Charities Directorate filings for F2013

About Bridgepoint Foundation:

Established in 1990, the Foundation's mission is to raise and steward funds for Bridgepoint Active Healthcare, a complex care and rehabilitation hospital and research centre in Toronto. Funds are allocated to support patient programs, facilities, research, academic pursuits, and capital.

In the years leading up to 2013, the Foundation raised funds to support the construction of a new hospital building that incorporates numerous award-winning design features. These features were intended to support the delivery of an "active healthcare model" tailored to patients with chronic and complex conditions. Patient services were transferred to this new facility in April of 2013. The Foundation's current campaign – Live Better – aims to raise $50m to support patient care, facilities, and to fund research at the Bridgepoint Collaboratory.

Financial Review:

The Bridgepoint Health Foundation's administrative costs were 14% of revenues and fundraising costs were 25% of donations. The Foundation has reserves of $7.9m, of which $3.8m are donor-endowed. Excluding these endowed funds, reserves cover annual program costs 1.3 times.

Financial Ratios

Fiscal year ending March
201420132012
Administrative costs as % of revenues 13.8%17.4%26.0%
Fundraising costs as % of donations 25.4%35.8%42.3%
Program cost coverage (%) 245.7%69.4%877.1%

Summary Financial Statements

All figures in $000s
201420132012
Donations 3,8883,0822,391
Special events 1,2541,172926
Investment income 207149(93)
Total revenues 5,3494,4033,224
Grants 3,19610,6061,752
Administrative costs 709742862
Fundraising costs 1,3051,5211,402
Cash flow from operations 139(8,466)(792)
Funding reserves 7,8527,36515,365
Donor Endowed Funds 3,8383,4493,288
Note: Unrealized gains/losses have been excluded from investment income, affecting this by ($407k) in F2014, ($258k) in F2013, and $35k in F2012.

Comments added by the Charity:

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