Queen Elizabeth II Health Sciences Centre Foundation
Halifax, NS B3H 2Y9
President & CEO: Bill Bean
Board Chair: Nancy MacCready-Williams
Charitable Reg. #: 88646 3496 RR0001
Grade: NRCharity not yet rated on the public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #36
Avg. Compensation $79,268
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||1|
|$80k - $120k||7|
|$40k - $80k||0|
About Queen Elizabeth II Health Sciences Centre Foundation:
The Queen Elizabeth II Health Sciences Centre Foundation raises funds for the QEII Health Sciences Centre in Halifax, Nova Scotia. The Foundation helps fund new technologies, research, innovation and education at the Centre with the goal of improving the lives of Atlantic Canadians.
As the largest adult health sciences centre in Atlantic Canada, the QEII serves as the local community hospital for immediate care and emergency services, as well as the specialized care centre for Atlantic Canada in areas such as heart health, cancer care, neurosurgery and organ transplantation. The QEII is also a leading medical research and teaching centre.
While the Foundation funds many areas of health care, the current focus areas include: revitalizing rehab, neuroscience, simulation-based learning, research, and palliative care. Of the $20.2m in total revenues for the Foundation in F2014, $6.6m (33%) was granted to the Centre and $4.9m was spent on administrative and fundraising costs. The remaining $8.7m (43%) went into funding reserves.
The Foundation operates 3 lotteries, the Home Lottery, the Lifestyles Lottery, and the Grand-a-Week, with total revenues of $14.3m and 33% going to the charity after expenses.
Administrative costs for F2014 were 13% of total revenues (excluding investment income) and fundraising costs were 19% of donations and special events revenues. Funding reserves of $60.3m are enough to cover 9.1 years of program costs. The charity has $27.4m in endowed funds; however, it does not disclose how much of this fund is donor-endowed vs. internally endowed by the board.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||13.3%||17.3%||15.9%|
|Fundraising costs as % of donations||19.2%||31.1%||26.7%|
|Program cost coverage (%)||913.1%||715.3%||424.0%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||313||453||450|
|Cash flow from operations||8,668||3,043||(2,780)|