Quebec Breast Cancer Foundation

1155 boul. René-Lévesque Ouest
Montreal, QC H3B 3Z7
CEO: Nathalie Tremblay
Board President: Diane Arbour

Website: www.rubanrose.org
Charitable Reg. #: 14068 4325 RR0001
Sector: Health - Cancer
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

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #21

Avg. Compensation $66,166

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 3
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Quebec Breast Cancer Foundation:

Founded in 1994, Quebec Breast Cancer Foundation (QBCF) operates out of Montreal and aims to improve the lives of people in Quebec affected by breast cancer. QBCF reports that in Quebec, an estimated 6,000 women were diagnosed with breast cancer in 2015 and 1,350 will die from the disease. To help those directly and indirectly affected by breast cancer, QBCF invests in three mission areas: research, support, and education and awareness.

Quebec Breast Cancer Foundation invested $2.3m into research in F2015 (36% of total grants and program spending). QBCF reports that since its establishment, it has funded 69 projects that translate to 255,700 hours of medical research. The foundation funds four types of medical research. Basic research focuses on improving scientific knowledge about the biological and chemical basis of breast cancer. Applied research uses newfound knowledge from basic research to create solutions to existing problems. Translational research converts findings from basic research into clinical research. Clinical research focuses on developing new diagnostic and treatment strategies for diseases. Dr. Claude Perreault of the University of Montreal, one of QBCF's funded researchers in F2015, reports that his research team discovered enough antigenic targets for leukemia immunotherapy to treat all patients of the disease. Having developed a new method for discovering these antigens, he and his team will begin a multicentre study based on the discovered antigens in 2016.

Quebec Breast Cancer Foundation reports that the mortality rate from breast cancer has dropped by 43% since 1986. QBCF believes that its investments in medical research (of more than $26m since inception) contributed to this reduction, as medical research makes it possible to develop better treatments, screening and health promotion programs for breast cancer.

Quebec Breast Cancer Foundation invested $1.8m into support projects for people with breast cancer in F2015 (30% of total grants and program spending). QBCF reports that it has funded 43 community projects that serve more than 1,000 people annually. QBCF spent $2.1m on education and awareness programming in F2015 (34% of total grants and program spending) – the foundation states that it educates more than 15,000 people annually with its information booths and educational seminars.

Financial Review:

Quebec Breast Cancer Foundation is a big-cap charity with total donations and special events fundraising of $5.8m in F2015. Administrative costs are 16% of revenues and fundraising costs are 21% of donations and special events fundraising. $0.37 of every donated dollar goes toward overhead costs, which falls within Ci's reasonable range for overhead spending.

QBCF holds funding reserves of $17.3m, which can cover annual program costs and grant activities for 2.8 years. The foundation reports grant commitments of $3.6m in F2016, $1.9m in F2017, $1.4m in F2018 and $556k in F2019.

This charity report is an update that is currently being reviewed by Quebec Breast Cancer Foundation. Changes and edits may be forthcoming.

Updated on August 30, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 16.0%15.8%16.5%
Fundraising costs as % of donations 21.4%14.9%24.3%
Program cost coverage (%) 276.7%421.8%429.6%

Summary Financial Statements

All figures in $000s
201520142013
Donations 2,9472,4031,940
Special events 2,8602,7653,249
Investment income 1,02047898
Total revenues 6,8275,2146,087
Program costs 2,122895761
Grants 4,1163,9474,423
Administrative costs 927818856
Fundraising costs 1,2457691,260
Cash flow from operations (1,582)(1,215)(1,213)
Funding reserves 17,25620,42422,270
Note: Charity Intelligence has analysed the charity’s French audited financial statements to the best of our abilities but recognizes that detailed financial information is beyond our linguistic expertise. Material omissions may not be reflected in Charity Intelligence’s analysis. Ci did not report loss on disposal of capital assets, lowering expenses by $9k in F2015. Ci included all revenues related to Run for the Cure, Circle of Friends, and Events in special events fundraising.

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