Prince County Hospital Foundation

65 Roy Boates Ave.
Summerside, PE C1N 2A9
Managing Director: Heather Matheson
Board President: Gord Coffin

Charitable Reg. #: 89352 6731 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: C+

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 available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #4

Avg. Compensation $49,412

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 1
< $40k 3
Information from most recent CRA Charities Directorate filings for F2011

About Prince County Hospital Foundation:

Founded in 1993, the Prince County Hospital Foundation (PCHF) raises and manages funds directed to purchasing priority medical equipment for the Prince County Hospital in Summerside, Prince Edward Island. The hospital is the second largest in the province, and marked its 100th anniversary in 2012.

In Prince Edward Island, there is no government funding for hospital equipment costing over $1000. The PCHF aims to fill this gap by fundraising for all essential equipment for the hospital, including ceiling lifts, ultrasound machines, defibrillators, and epidural pumps. The PCHF also fundraises for certain essential non-medical needs like wheelchairs, medical refrigerators and a safety watch system for wandering patients. In addition to equipment purchases, the PCHF also aims to promote awareness and generate positive messages for the hospital.

Financial Review:

In F2011, PCHF’s fundraising and administrative costs were 32% of revenues less investment income. PCHF did not disclose a breakdown of its salaries and benefits between fundraising and administrative costs.  PCHF has funding reserves of $17.1m, of which 61% is an endowment fund. This funding reserve covers annual program costs 16.6 times.

Financial Ratios

Fiscal year ending December
Fundraising & admin costs as % of revenues 32.4%21.1%21.1%
Program cost coverage (%) 1,655.2%1,869.8%1,488.2%

Summary Financial Statements

All figures in $s
Donations 1,362,7371,738,4631,419,752
Investment income 623,227490,563127,444
Other income 53,3889,1979,172
Total revenues 2,039,3522,238,2231,556,368
Grants 1,033,209912,8841,021,961
Fundraising & administrative costs 458,756369,122302,174
Other costs 68,38760,04947,705
Cash flow from operations 479,000896,168184,528
Funding reserves 17,102,00517,068,98215,208,694
Note: Ci excluded amortization of bonds from revenues, adjusting total revenues by $119k in F2011, $80k in F2010 and $39k in F2009. Investment management fees were excluded from revenues and presented as other costs, adjusting total revenues and expenses by $68k in F2011, $60k in F2010, and $48k in F2009.

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