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Quebec Breast Cancer Foundation

1155 boul. René-Lévesque Ouest
Montreal, QC H3B 3Z7
CEO: Nathalie Tremblay
Board President: Angela D'Angelo

Website: www.rubanrose.org
Charitable Reg. #: 14068 4325 RR0001
Sector: Health - Cancer
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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #29

Avg. Compensation $40,146

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 0
$80k - $120k 2
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

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 $2.2m into research in F2017 (54% 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. The charity was funding 15 research projects at the time the F2017 annual report was published and provided research grants to 7 new researchers in F2017.

Quebec Breast Cancer Foundation invested $1.6m into support projects for people with breast cancer in F2017 (39% of total grants and program spending). QBCF reports that it has funded 43 projects in the community that serve over 1,000 people annually. QBCF spent $295k on education and awareness programming in F2017 (7% of total grants and program spending) – the foundation states that it educates over 15,000 people annually with its information booths and educational seminars.

Results and Impact: A project funded mainly by QBCF and two other organizations have identified 72 genetic variants that contribute to the risk of developing breast cancer; the results greatly contribute to knowledge on inheritance factors leading to breast cancer. 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 $30m since inception) contributed to this reduction, as medical research makes it possible to develop better treatments, screening, and health promotion programs for breast cancer.

Financial Review:

Quebec Breast Cancer Foundation is a Medium-sized charity with total donations and special events revenue of $4.5m in F2017, down 10% from F2016 and 22% from F2015. Administrative costs are 9% of revenues. Fundraising costs are 29% of donations and special events fundraising, up from 23% in F2016. For every dollar donated, 62 cents go to the cause, outside below Ci’s reasonable range for overhead spending.

QBCF holds funding reserves of $17.8m, which can cover annual program costs and grant activities for 4.3 years, which does not indicate a funding need. Program cost coverage has risen from F2015 to F2017 due to falling grants and program costs. The foundation reports grant commitments for its three programs of $2.9m in F2018, $1.6m in F2019, $663k in F2020, and $500k in F2021, and $250k in F2022.

This charity report is an update that has been sent to Quebec Breast Cancer Foundation for review. Changes and edits may be forthcoming.

Updated on July 18, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 8.8%9.7%11.2%
Fundraising costs as % of donations 29.2%22.9%23.6%
Program cost coverage (%) 432.5%371.8%270.0%

Summary Financial Statements

All figures in $000s
201720162015
Donations 2,2262,5422,947
Special events 2,3062,5192,860
Investment income 9994051,020
Total revenues 5,5315,4666,827
Program costs 2954682,122
Grants 3,8104,0924,270
Administrative costs 398492649
Fundraising costs 1,3221,1571,368
Cash flow from operations (293)(742)(1,582)
Funding reserves 17,75516,95517,256
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 be reflected in Charity Intelligence’s analysis. Ci did not report loss on disposal of capital assets, lowering expenses by ($12k) in F2016 and $9k in F2015. Ci included all revenues related to Run for the Cure, Circle of Friends, and Events in special events fundraising. Ci included investment management expenses under investment income, reducing revenues and expenses by $56k in F2017, $60k in F2016, and $71k in F2015.

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