Peace Arch Hospital Foundation
White Rock, BC V4B 2R4
Executive Director: Stephanie Beck
Board Chair: Art Reitmayer
Charitable Reg. #: 12731 1348 RR0001
Grade: B-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #11
Avg. Compensation $86,681
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||3|
|$40k - $80k||6|
About Peace Arch Hospital Foundation:
Established in 1988, the Peace Arch Hospital Foundation is the fundraising arm of the Peace Arch Hospital, a community hospital located in White Rock, British Columbia. In F2015, the foundation granted $70k to communities in White Rock/South Surrey and $643k to Peace Arch Hospital. The grants to Peace Arch Hospital were used to support priorities including expansion of the emergency department and residential care capacity, and redevelopment of its surgical inpatient program.
On May 1, 2015, the Ministry of Health, Fraser Health and the Peace Arch Hospital Foundation announced a comprehensive $65 million site redevelopment and expansion plan for Peace Arch Hospital. Of the $65m, $20m will be used to expand the emergency department, and $45m will be used towards a residential care and hospice facility. The $20 million expansion of the emergency department is funded through the Peace Arch Hospital Foundation’s contribution of $15 million, with an additional $5 million from the Province through Fraser Health. Of the $15m that the foundation has committed to fund the emergency department, more than $9 million is being held for disbursement when construction gets under way in 2016. The Peace Arch Hospital Foundation will fund the $45m investment in the residential care and hospice facility, which includes a 200-bed complex care facility featuring 112 residential care beds, 73 mental health beds, and a 15-bed hospice residence. The foundation has currently raised $4m for the residential care project. The $65 million site redevelopment and expansion plan is the current fundraising priority and funds will be disbursed as construction progresses.
In F2015, the Peace Arch Hospital Foundation spent 9% of revenues on administrative costs, up from 3% in F2013. 20% of donations were spent on fundraising costs in F2015, up from 13% in F2014 and F2013.
In F2015, the charity has $35.7m in funding reserves, including $13.3m in externally-restricted funds for the capital expansion. Total funding reserves can cover annual grants and programs for 21 years or 22 years excluding externally-
Analysis updated by Ruoxi Gao in 2016, currently under review by the Peace Arch Hospital Foundation. Changes and updates may be forthcoming.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||8.8%||5.2%||3.1%|
|Fundraising costs as % of donations||19.9%||12.8%||13.2%|
|Program cost coverage (%)||2,141.2%||1,491.8%||1,277.1%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||440||453||455|
|Cash flow from operations||3,846||5,760||3,938|