Overview
What is Sunnybrook Health Sciences Centre Foundation?
Sunnybrook Health Sciences Centre Foundation is a Canadian nonprofit organization located at 2075 Bayview Avenue, Toronto, Ontario, with a postal code of M4N 3M5. Their primary mission is to inspire ongoing support for Sunnybrook Health Sciences Centre and Sunnybrook Research Institute. They achieve this by granting funds towards significant initiatives, such as research, capital projects, education, and the procurement of medical equipment, at both institutions. These contributions ultimately contribute to improving healthcare services and advancing medical knowledge. With a dedicated team of around 80 employees, the Sunnybrook Health Sciences Centre Foundation plays a vital role in enhancing the capabilities of these institutions.
Official website here: www.sunnybrook.ca/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Sunnybrook Health Sciences Centre Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation has a perfect score for having a majority of independent board members, reinforcing its commitment to governance and transparency. It also excels in financial oversight, with no reported material diversions of assets and comprehensive policies in place for conflict of interest, whistleblowing, and document retention.
The foundation demonstrates a commendable program expense ratio of 73.40%, indicating that a significant portion of its spending directly supports its mission. Additionally, its fundraising efficiency shows that it raises funds effectively, with only $0.18 spent to generate each dollar of revenue. The strong working capital ratio of 5.91 years suggests the organization is well-positioned to sustain its operations and support its initiatives over the long term.
While the foundation's strong ratings and policies indicate high accountability and effective financial management, prospective donors and stakeholders should remain aware of the importance of ongoing evaluation. Continued transparency and adherence to these standards will be crucial for maintaining the foundation's reputation and success in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sunnybrook Health Sciences Centre Foundation legitimate?
Sunnybrook Health Sciences Centre Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunnybrook Health Sciences Centre Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,606,049
Professional Fundraising Fees: $1,884,196
Other Salaries and Wages: $6,244,153
For more financial information, click here
Official website here: www.sunnybrook.ca/foundation
What is the mission statement of Sunnybrook Health Sciences Centre Foundation?
The Sunnybrook Health Sciences Centre Foundation plays a vital role in inspiring lasting support for Sunnybrook. Through granting funds, it assists Sunnybrook Health Sciences Centre and Sunnybrook Research Institute in their endeavors. These funds are allocated towards important areas such as research, capital projects, education, and the purchase of medical equipment. By doing so, the foundation contributes significantly to advancing health care and scientific discoveries within these institutions.
Official website here: www.sunnybrook.ca/foundation
Who is the CEO of Sunnybrook Health Sciences Centre Foundation?
Kelly Cole is the Ceo of Sunnybrook Health Sciences Centre Foundation. The CEO's salary of Sunnybrook Health Sciences Centre Foundation is $516,484 and their total compensation is $516,484.
Official website here: www.sunnybrook.ca/foundation
What is the revenue of Sunnybrook Health Sciences Centre Foundation?
Sunnybrook Health Sciences Centre Foundation's revenue in 2023 was $73,397,275.
Official website here: www.sunnybrook.ca/foundation
Who are the executives of Sunnybrook Health Sciences Centre Foundation and what are their salaries?
The average compensation at Sunnybrook Health Sciences Centre Foundation during 2023 was $110,628. There are 80 employees and 443 volunteers at Sunnybrook Health Sciences Centre Foundation.
Here are 32 key members and their salaries (Sunnybrook Health Sciences Centre Foundation's CEO's salary is $516,484 and their total compensation is $516,484):
- Compensation: $516,484
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Official website here: www.sunnybrook.ca/foundation
Where can I find the form 990 for Sunnybrook Health Sciences Centre Foundation?
Sunnybrook Health Sciences Centre Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sunnybrook.ca/foundation
Learn more at the official website: www.sunnybrook.ca/foundation
Mission Statement of Sunnybrook Health Sciences Centre Foundation
The Sunnybrook Health Sciences Centre Foundation plays a pivotal role in inspiring enduring support for Sunnybrook. By granting funds to Sunnybrook Health Sciences Centre and Sunnybrook Research Institute, it contributes to various initiatives, including research, capital projects, and education. Moreover, it facilitates the purchasing of essential medical equipment for these institutions.
In essence, the Sunnybrook Health Sciences Centre Foundation serves as a vital partner in advancing healthcare and scientific discoveries at Sunnybrook. Through its financial contributions, it enables both the health sciences centre and research institute to thrive and innovate, ultimately benefiting patients and the broader community. The foundation's mission is a testament to its commitment to inspiring long-term support for Sunnybrook and its ongoing pursuit of excellence in healthcare and research.
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Impact
October, 2024
Sunnybrook Health Sciences Centre Foundation has made a significant impact by inspiring lasting support for Sunnybrook Health Sciences Centre and the Sunnybrook Research Institute. Through its funding initiatives, the Foundation has been pivotal in advancing critical research, enabling capital projects, enhancing educational programs, and procuring essential medical equipment. This support not only enhances patient care but also fosters groundbreaking research, contributing to medical advancements and improving health outcomes for the community. By securing vital resources, the Foundation helps ensure that Sunnybrook remains at the forefront of healthcare innovation and excellence.
This information is meant to be a general summary of Sunnybrook Health Sciences Centre Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $7,341,504
- Gross Receipts: $75,228,112
Assets and Liabilities:
- Total Assets: $356,251,700
- Total Liabilities: $5,529,480
- Net Assets: $350,722,220
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Organization Details
Founding Year
1979
Phone
(416) 480-4483Principal Officer
Kelly Cole
Website
www.sunnybrook.ca/foundationNTEE Category
Code: T00 - Philanthropy
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