Montreal Heart Institute Foundation
Montreal, QC H1T 1C8
Executive Director: Mélanie La Couture
Board Chair: Henri-Paul Rousseau
Charitable Reg. #: 10183 7896 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
Cents to The Cause
Full-time staff #18
Avg. Compensation $83,275
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 Montreal Heart Institute Foundation:
Founded in 1977, Montreal Heart Institute Foundation raises and distributes funds to support research, care, teaching, prevention, rehabilitation and to evaluate new technologies at the Montreal Heart Institute (MHI). The Foundation aims to fund innovative projects with tangible results, with a focus on less invasive techniques and better preventive measures. In F2015, 59% of the Foundation's funding was allocated to research at MHI, 30% was allocated to technological innovation, 5% was allocated to prevention, 3% was allocated to teaching, and 3% allocated to other priority projects.
In F2015, MHI acquired a Rotem® thromboelastometry system, which is used to analyze patients’ blood to determine the faulty component and to provide the right replacement blood product quickly. This allowed MHI to reduce the amount of blood products needed in operating rooms by 30%, saving more than $930,000 a year.
Montreal Heart Institute’s EPIC Centre is a centre for preventative medicine and physical activity. In F2015, 7,500 visitors made 300,000 visits to the centre, spending 250,000 hours working out in MHI’s 138 courses.
In F2015, a team at MHI discovered that a gene mutation could predict coronary patients’ response to dalcetrapib, a new drug that increases HDL (good cholesterol) levels. Under its teaching arm, MHI delivered over 25 lectures in 20 hospitals over two years, with a 30% increase in the number of participants.
Montreal Heart Institute Foundation is a large charity, with donations of $8.6m in F2015. 46% of its revenues is generated from its investment income, at $11.5m in F2015. The Foundation’s administrative costs are 14% of revenues and its fundraising costs are 25% of donations. For every $1 donated to the charity, 61 cents is put towards its programs, falling just within Ci’s reasonable range. The Foundation's funding reserves of $133m include donor-endowed funds of $7.7m. This results in an extremely high program cost coverage ratio, excluding donor-endowed funds, of 1,808%. This means that it can cover over 18 years of its annual programs using its existing reserves.
This charity report is an update that is being reviewed by Montreal Heart Institute Foundation. Changes and edits may be forthcoming.
Updated on June 14, 2016 by Lynn Tay.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||13.8%||12.9%||10.5%|
|Fundraising costs as % of donations||24.8%||21.7%||21.0%|
|Program cost coverage (%)||1,818.3%||1,338.1%||1,244.8%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||12,417||13,740||8,730|