Queensway Carleton Hospital Foundation

3045 Baseline Road
Ottawa, ON K2H 8P4
President & CEO: Melanie Adams
Board Chair: Ron Prehogan

Website: www.qch.on.ca
Charitable Reg. #: 13725 3571 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social 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 ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #12

Avg. Compensation $84,652

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 5
$40k - $80k 4
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Queensway Carleton Hospital Foundation:

The Queensway Carleton Hospital Foundation (QCHF) is the fundraising arm of the Queensway Carleton Hospital, which serves a community of over 400,000 people in the Ottawa Valley. Its mission is to improve and save lives by working with donors, the hospital and the community to encourage philanthropic gifts in support of patient care.

QCHF has launched a new campaign – Advancing Care for All Ages, which aims to raise $30 million. This campaign will help fund the Acute Care of the Elderly (ACE) Unit, a 34-bed geriatric care facility. The funds will also be used to purchase new diagnostic imaging equipment, including a new MRI machine, Fluoroscopy Unit, and Nuclear Gamma Camera. QCHF also aims to improve patient care through improvements to its mental health and childbirth programs.

Financial Review:

In F2014, administrative costs were 14% of total revenues, up from 10% in F2013 and 4% in F2012. Fundraising costs were 24% of donations, which totalled $3.4m in F2014. Revenues generated from the parking facility and gift shop are listed under business activities. A decline in investments from $6.1m in F2013 to $2.2m in F2014 dropped net funding reserves below zero due to a $9.4m loan. Excluding the loan, funding reserves of $8.7m would cover annual grants 1.3 times.

This charity report is an update that is being reviewed by Queensway Carleton Hospital Foundation. Changes and edits may be forthcoming.

Financial Ratios

Fiscal year ending March
201420132012
Administrative costs as % of revenues 13.6%9.8%4.2%
Fundraising costs as % of donations 23.8%22.1%8.3%
Program cost coverage (%) (10.1%)44.4%52.1%

Summary Financial Statements

All figures in $000s
201420132012
Donations 3,3853,9309,666
Goods in kind 014
Business activities (net) 3,2613,2263,133
Investment income 360306205
Total revenues 7,0057,46413,008
Grants 6,5187,5828,690
Administrative costs 902702543
Fundraising costs 807869802
Other costs 357365373
Cash flow from operations (1,579)(2,054)2,600
Funding reserves (655)3,3634,528
Note: Ci presented business activities (parking and a gift shop) net of expenses, adjusting both revenues and expenses by ($1.4m) in F2014, ($1.2m) in F2013, and ($1.2m) in F2012. QCHF does not report separate administrative and fundraising costs in its financial statements. Fundraising costs and management & administration costs obtained from the charity’s T3010.

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