Mount Sinai Hospital Foundation Montreal

5690 Boul Cavendish
Côte Saint-Luc, QC H4W 1S
CEO: Wendy Corn
President: Eric Maldoff

Charitable Reg. #: 11892 4331 RR0001
Sector: Health - Hospital Foundation
Private Foundation

Donor Accountability

Grade: C-

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #3

Avg. Compensation $74,542

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 2
< $40k 0
Information from most recent CRA Charities Directorate filings for F2013

About Mount Sinai Hospital Foundation Montreal:

Founded in 1973, Mount Sinai Hospital Foundation Montreal (MSHFM) fundraises for Montreal’s Mount Sinai Hospital with the goal of supporting excellence in pulmonary and palliative care. The hospital has 107 beds and specializes in respiratory care, long-term care and palliative care. It is a clinical research leader in chronic obstructive pulmonary disease and sleep apnea. The hospital’s sleep apnea clinic is technologically advanced and helping patients who experience chronic s disease sleep better and, ultimately, live better. Treating sleep apnea reduces long-term risks of heart attacks and strokes. The hospital is currently participating in 13 research projects on pulmonary rehabilitation, sleep apnea and palliative care.

MSHFM has 2 major donor events, Car Rally and Six and the City. These events brought in $531k in 2013 (a 44% increase). It granted $910k to the hospital in 2013 and $447k in 2012.

Financial Review:

Mount Sinai Hospital Foundation Montreal is a small hospital foundation with total donations of $798k – a 124% increase over 2012. Given its size, it lacks economies of scale for the size of donations. As such, administrative costs are 42.4% of revenues (compared with 63.9% in 2012). Fundraising costs are 20.9% of donations in 2013. MSHFM has funding reserves if $3.3m of which $1.2m are donor-endowed. The unrestricted funding reserves cover annual grants to the hospital 2.5 times (246%). MSHFM has committed to grant $613k in 2014.

Profile written: February 24, 2015

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 42.4%63.9%
Fundraising costs as % of donations 20.9%29.1%
Program cost coverage (%) 361.6%774.0%

Summary Financial Statements

All figures in $s
Donations 798,073357,804
Special events 541,384376,778
Investment income 232,486229,692
Total revenues 1,571,943964,274
Program costs 00
Grants 909,760446,874
Administrative costs 567,753469,726
Fundraising costs 280,543213,566
Cash flow from operations (186,113)(165,892)
Funding reserves 3,289,8133,458,675

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