University of Ottawa Heart Institute Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
77%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.
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OVERVIEW
About University of Ottawa Heart Institute Foundation:
University of Ottawa Heart Institute Foundation is a 3-star charity with a below-average results reporting grade of B-. For every dollar donated to the charity, 77 cents are available to go to the cause.
The University of Ottawa Heart Institute Foundation (UOHIF) was founded in 1994. This charity raises money to fund building projects, equipment purchases, research, programs, and patient education at Ottawa Heart Institute Research Corporation and University of Ottawa Heart Institute. In fiscal 2024 (year ended March), UOHIF granted $5.4m. These grants went towards Research, Equipment & Infrastructure, and other patient care.
In F2024, 72% of UOHIF’s granting went toward Research. Its research funding went towards three main pillars: Scientific Priorities, Heart Teams, and Innovation Hubs. In F2024, University of Ottawa Heart Institute Foundation had 356 published research articles, 315 active clinical research studies, and awarded 14 endowed fellowships. The charity had 65 research faculty including 28 scientists and clinical scientists.
In F2024, 15% of granting went toward Equipment & Infrastructure. In F2024, UOHIF reported that University of Ottawa Heart Institute (UOHI) completed 68,073 diagnostic tests, 1,581 pacemaker and defibrillator implantations, and 2,034 open-heart and catheter-based procedures.
The remaining 12% of UOHIF’s F2024 spending went toward other patient care. In F2024, UOHI had 12,497 non-surgical interventions and 241,141 total patient visits.
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Results and Impact
University of Ottawa Heart Institute reports having a patient satisfaction level of 87%. In 2023, the Heart Institute reported being the first institute in North America to perform an ablation procedure for Atrial Fibrillation using high-power short-duration catheters. This technology allows for 90 watts of radiofrequency power for up to four seconds. Current practice with irrigated catheters involve the delivery of only moderate power (20 to 40 watts) for as long as 40 seconds. The new technology is associated with reductions in Atrial Fibrillation burden and complications and improved patient quality of life.
While Ci highlights these key results, they may not be a complete representation of University of Ottawa Heart Institute Foundation’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
In F2024, UOHIF received $14.0m in donations. In F2024 the charity also received $6.9m in investment income, representing 33% of total revenues. Administrative costs are 7% of total revenues (less investment income) and fundraising costs are 15% of total donations. For every dollar donated, 77 cents are available to go towards the cause. In F2024, UOHIF granted $5.4m which represents 26% of total revenues.
In F2024, UOHIF had $86.5m in its reserve funds (cash & investments), of which $12.7m are donor endowed. Excluding the donor-endowed funds, UOHIF’s current reserves can cover 15 years and four months of annual granting. Its reserve funds can cover over five years of its three-year average granting.
Profile updated August 28, 2024 by Abby Stout.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.3% | 6.3% | 3.8% |
| Fundraising costs as % of donations | 15.2% | 15.9% | 9.7% |
| Total overhead spending | 22.5% | 22.1% | 13.5% |
| Program cost coverage (%) | 1,534.9% | 209.1% | 909.8% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 14,025 | 14,173 | 19,671 |
| Investment income | 6,874 | 1,060 | 3,675 |
| Other income | 0 | 0 | 5,378 |
| Total revenues | 20,900 | 15,234 | 28,724 |
| Grants | 5,441 | 30,735 | 9,091 |
| Administrative costs | 1,028 | 888 | 957 |
| Fundraising costs | 2,133 | 2,247 | 1,909 |
| Total spending | 8,602 | 33,870 | 11,957 |
| Cash flow from operations | 12,298 | (18,636) | 16,767 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 86,480 | 74,218 | 88,606 |
Note: DEFERRED DONATIONS: To report on a cash basis, Ci adjusted for deferred revenue from non-government sources. This affected revenue by $10k in F2024, $22k in F2023, and $46k in F2022. INSTITUTE RECEIVABLES: In F2022, UOHIF reported an amount receivable FROM UOHI affecting revenues by $5.4m. GRANTS PAYABLE: There is a change in payables to the University of Ottawa Heart Institute. This affected revenues by $12k in F2024, ($15k) in F2023, and $nil in F2022. OHIRC PAYABLE: Ci adjusted for the change in amounts payable to OHIRC affecting total expenses by ($2.4m) in F2024, $1.4m in F2023, and ($1.8m) in F2022. DUE FROM RELATED PARTY: Ci adjusted for the change in amount due from the University Ottawa Heart Institute. This affected total revenues by ($32.7m) in F2024, $nil in F2023, and $nil in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
7 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 613-696-7030