Healthy Minds Canada
Toronto, ON M4S 3E6
Executive Director: Katie Robinette
Board Chair: Michael Howlett
Charitable Reg. #: 11883 5420 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #4
Avg. Compensation $47,917
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||3|
About Healthy Minds Canada:
Healthy Minds Canada (HMC), started in 1980 as the Canadian Psychiatric Research Foundation, works to improve the well-being of all Canadians by supporting research on mental health and mental health issues. In addition, HMC hosts workshops and symposia across the country and publishes resources and tools to translate the outcomes of mental health and addiction research and deliver this information to those who need it the most.
HMC publishes a three-volume series called When Something’s Wrong, designed to assist teachers, families, and employers in identifying and managing mental health and addictions issues in their respective environments. HMC also partners with the Boys and Girls Clubs of Canada to help children and youth cope with feelings of anxiety, fear, worry and depression by building resilience and self-esteem and teaching cognitive, behavioural and emotional skills.
Since 1980, HMC has funded 400 research projects at 42 universities and teaching hospitals across Canada. However, over the past three years, 4% of revenues have gone to research while 56% have gone to education and awareness programs.
Administrative costs for HMC are 6% of revenues while fundraising costs are 44% of donations. Funding reserves of $966k (including donor-endowed funds of $444k) cover annual program costs 1.8 times. Excluding donor-endowed funds, funding reserves cover program costs 1.0 times.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||6.0%||4.5%||5.3%|
|Fundraising costs as % of donations||43.6%||32.1%||34.6%|
|Program cost coverage (%)||183.4%||295.9%||307.0%|
Summary Financial StatementsAll figures in $s
|Business activities (net)||18,642||37,702||29,283|
|Cash flow from operations||(208,365)||112,126||138,552|