General Hospital (Grey Nuns) of Edmonton Hospital Foundation
Edmonton, AB T5K 0L4
Executive Director: Tracy Sopkow
Board Chair: Ron Gilbertson
Charitable Reg. #: 12586 8125 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 #5
Avg. Compensation $64,180
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||3|
About General Hospital (Grey Nuns) of Edmonton Hospital Foundation:
Founded in 1990, the Grey Nuns Hospital Foundation is one of two foundations that make up the Caritas Foundation (the Misericordia Hospital Foundation being the other), which raises funds to support programs and services, health equipment, research, and education at Covenant Health's 6 locations in Edmonton and St. Albert. Covenant Health is Canada's largest Catholic health care organization, with 18 health care centres throughout Alberta. The Caritas Foundation is focused on supporting 4 pillars of care: acute care, palliative care, seniors care, and mental health.
Since its founding, the Caritas Foundation has helped support the following: building Villa Caritas, a 150-bed facility that serves seniors; purchasing advanced equipment for the Institute for Reconstructive Sciences in Medicine at Misericordia Community Hospital; purchasing incubator/radiant warmers for the Intermediate Care Nursery at Grey Nuns Community Hospital; and starting 4 Surgical Centres of Excellence at Grey Nuns Community Hospital; among others.
Fundraising costs are 11% of donations and administrative costs are 26% of revenue. The Foundation has funding reserves of $20.5m (including $6.1m of donor-endowed funds), which cover annual program costs 10.5 times (or 7.4 times excluding donor-endowed funds).
This charity report is an update that is being reviewed by the foundation. Changes and edits may be forthcoming.
Updated on August 13, 2015 by Rohan Bhargava
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||25.6%||43.8%||13.4%|
|Fundraising costs as % of donations||11.2%||34.2%||23.8%|
|Program cost coverage (%)||1,051.4%||1,755.6%||1,899.9%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||140||120||105|
|Cash flow from operations||132||(238)||2,677|