Quebec Breast Cancer Foundation
Montreal, QC H2X 1Y1
CEO: Nathalie Tremblay
Board President: Angela D'Angelo
Charitable Reg. #: 14068 4325 RR0001
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #29
Avg. Compensation $40,146
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||2|
|$40k - $80k||7|
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.
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 RatiosFiscal year ending March
|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 StatementsAll figures in $000s
|Cash flow from operations||(293)||(742)||(1,582)|