Lions Gate Hospital Foundation
North Vancouver, BC V7L 2L7
President: Judy Savage
Board Chair: Paul Hamilton
Charitable Reg. #: 11902 0907 RR0001
Grade: CThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #8
Avg. Compensation $102,022
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||2|
|$40k - $80k||4|
About Lions Gate Hospital Foundation:
Founded in 1981, Lions Gate Hospital Foundation (LGHF) raises funds for health care centres in northern Vancouver. The main beneficiary is Lions Gate Hospital. LGHF also sponsors Cedarview Lodge, Evergreen House and 7 other hospitals. LGHF focuses on enhancing patient care and purchasing new equipment to respond to advances in medical technology. Patient care is mainly focused on mental health, nuclear medicine and endoscopy.
In F2015, Lions Gate Hospital Foundation allocated $3.1m to mental health programs, $1.2m to nuclear medicine programs and $3.9m to other projects. Lions Gate Hospital Foundation invested $26.5m to build the HOPE Centre, which opened up in late 2014. The centre provides mental health services and houses many patients suffering from depression. The HOPE Centre also gives space to UBC Medical Education Centre and BC Ambulance. LGHF reports that the centre has reduced intervention rates in patients with depression by 70%.
Lions Gate Hospital Foundation is currently in fundraising campaigns to increase the capacity of its hospital centres and improve the quality of treatment offered.
Lions Gate Hospital Foundation is a Big-Cap charity with donations and special event revenues of $14.3m in F2015. Administrative costs are 7% of revenues and fundraising costs are 3% of donations. Total overhead costs come to 10% and fall within Ci’s reasonable range. LGHF has total funding reserves of $59.1m that can cover annual program costs for 8.2 years. Excluding donor-endowed funds of $36.8m, funding reserves can cover annual program costs for 4.2 years.
In F2015, Lions Gate Hospital Foundation’s operating cash flow was 51% of its revenues 0 net surplus was greater than total expenses.
This charity report is an update that is being reviewed by Lions Gate Hospital Foundation. Changes and edits may be forthcoming.
Updated on June 10th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||6.5%||5.3%||9.8%|
|Fundraising costs as % of donations||3.3%||2.3%||4.1%|
|Program cost coverage (%)||824.2%||280.8%||852.8%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||8,918||8,564||5,449|