Queen Elizabeth Hospital Foundation

60 Riverside Drive
Charlottetown, PE C1A 8T5
CEO: Barbara Dunphy
Board Chair: Spencer Campbell

Website: www.qehfoundation.pe.ca
Charitable Reg. #: 89217 7965 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 available only upon request [ Audited financial statement for most recent year ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #5

Avg. Compensation $27,229

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 3
< $40k 1
Information from most recent CRA Charities Directorate filings for F2012

About Queen Elizabeth Hospital Foundation:

The Queen Elizabeth Hospital Foundation (QEHF) supports and raises funds for the Queen Elizabeth Hospital, the largest healthcare provider in Prince Edward Island. The hospital provides more than 80% of all specialized healthcare services received by Islanders.

Over the past three years, QEHF's focus has been on the PEI cancer treatment centre, a new ambulatory care centre and a new emergency department. The new ambulatory care centre clusters many medical services delivered on an outpatient basis in one area, allowing for minimal disruption to patients' lives, reduces the chance of infection and allows patients to recover in the comfort of their home. The new emergency department is three times the size of the previous emergency department, allowing for enhanced acute and emergency care in a comfortable setting. QEHF is currently raising funds for priority equipment purchases for the hospital, including ultrasound units, anesthesia gas machines, and laser equipment for laser eye treatment.

Financial Review:

In F2012, QEHF's fundraising and administrative costs were 15% of revenues less investment income. QEHF did not disclose a breakdown of salaries between fundraising and administrative costs. In F2012, QEHF had funding reserves of $18.3m, of which 21% are donor-endowed funds. This funding reserve covers annual grants to the hospital 6.3 times, or the 3-year average grant to the hospital 3 times. The average salary presented at the right appears incorrect as Ci cannot reconcile the salary information reported by QEHF to the CRA.

Financial Ratios

Fiscal year ending June
201220112010
Fundraising & admin costs as % of revenues 15.2%10.0%6.1%
Program cost coverage (%) 628.2%294.2%176.2%

Summary Financial Statements

All figures in $000s
201220112010
Donations 2,7424,1214,452
Government funding 002,000
Special events 569532536
Investment income 590437630
Total revenues 3,9005,0907,618
Grants 2,9086,1189,079
Fundraising & administrative costs 504463428
Cash flow from operations 488(1,491)(1,889)
Funding reserves 18,27018,00015,995
Note: Ci excluded unrealized gains from investment income, adjusting total revenues by $313k in F2012, ($949k) in F2011 and ($93k) in F2010.

Comments added by the Charity:

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