Foundation of Stars

205-370 Guy Street
Montréal, QC H3J 1S6
President & CEO: Josée Saint-Pierre
Board Chair: Jacques Dubuc

Website: www.fondationdesetoiles.ca
Charitable Reg. #: 89199 3545 RR0001
Sector: Health
Public Foundation

Donor Accountability

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #7

Avg. Compensation $75,689

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 0
$40k - $80k 3
< $40k 3
Information from most recent CRA Charities Directorate filings for F2016

About Foundation of Stars:

Founded in 1977, Fondation des Étoiles (Foundation of Stars) fundraises for pediatric research grants in Québec. It reports that it is the largest non-government source of funding for pediatric research in Québec. The foundation has distributed more than $70m since it was first established. These grants are distributed to the pediatric research units at the CHU Sainte-Justine, the Montreal Children’s Hospital, the CHU de Quebec and the CHU de Sherbrooke.

The foundation distributes funding in partnership with Fonds de recherche Santé Québec (FRQS). FRQS is responsible for determining which research projects will be allocated funds from Fondation des Étoiles. In F2016, Fondation des Étoiles supported 17 research projects in the following areas of pediatric research: nutrition and metabolism (1 project); health of mother, child, and adolescent (8 projects); infectious and immune diseases (1 project); cancer (3 projects); circulatory and respiratory health (1 project); and neurosciences, mental health, and addiction (3 projects).

A study conducted by researchers at Montreal Children’s Hospital made a genetic breakthrough by showing that high doses of ibuprofen could slow the development of cystic fibrosis and increase the life quality and expectancy of patients. This research was recognized by L’actualité magazine as one of ‘35 game-changing inventions’ in F2016.

In F2017, Foundation of Stars had a goal to raise $2.5m for pediatric research. As of June 19, 2017, it has raised $2.2m. 

Financial Review:

Fondation des Étoiles is a medium-sized charity with donations of $2.0m in F2016. Administrative costs were 36% of revenues and fundraising costs were 37% of donations. As such, for every $1 donated, 27 cents went the cause. This does not fall within Charity Intelligence’s reasonable range for overhead spending. Funding reserves of $2.7m can cover annual grants to pediatric research for 26.7 years.

This report is an update that is currently being reviewed by Fondation des Étoiles. Changes and edits may be forthcoming.

Updated on June 19, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending March
201620152014
Administrative costs as % of revenues 35.9%25.4%25.3%
Fundraising costs as % of donations 36.9%39.0%48.2%
Program cost coverage (%) 2,670.9%1,341.8%1,747.1%

Summary Financial Statements

All figures in $s
201620152014
Donations 1,957,8992,722,7162,906,360
Investment income 30,1404,1674,165
Total revenues 1,988,0392,726,8832,910,525
Grants 101,579172,43180,091
Administrative costs 702,046692,003735,064
Fundraising costs 722,4711,062,0661,400,529
Cash flow from operations 461,943800,383694,841
Funding reserves 2,713,0582,313,5921,399,255
Note: Ci did not include change in the fair value of life insurance, decreasing revenues by $6k in F2016.

Comments added by the Charity:

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