Civic Intelligence

Sunnybrook Foundation

EIN 98-0067299 • 501(c)3 • Toronto, Ontario, CA

Profile

Our mission is to inspire lasting support for Sunnybrook. We grant funds to Sunnybrook Health Sciences Centre and Sunnybrook Research Institute to support research, capital projects, education and to purchase medical equipment.

2075 Bayview Avenue KGW01Toronto, Ontario M4N 3M5CA

www.sunnybrook.ca/foundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.04x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

18th percentile

0.14x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

24th percentile

-2.7%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

36th percentile

$516,484

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

40th percentile

3.4%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

30th percentile

1.3%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$391,878,039

Up $12,952,031 (+3.4%) from 2024

Liabilities

Up

$14,204,100

Up $7,295,784 (+106%) from 2024

Net Assets

Up

$377,673,939

Up $5,656,247 (+1.5%) from 2024

Operations
Liabilities / Revenue18th percentileNet Margin24th percentile

Revenue

Up

$99,984,309

Up $1,287,024 (+1.3%) from 2024

Expenses

Down

$102,697,308

Down $633,290 (-0.6%) from 2024

Net Income

Up

-$2,712,999

Up $1,920,314 (+41%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2012: $120,290,205Liabilities 2012: $2,164,234Net Assets 2012: $118,125,9712012Assets 2013: $135,520,520Liabilities 2013: $2,728,988Net Assets 2013: $132,791,5322013Assets 2014: $149,553,406Liabilities 2014: $3,129,955Net Assets 2014: $146,423,4512014Assets 2015: $159,248,088Liabilities 2015: $4,746,441Net Assets 2015: $154,501,6472015Assets 2016: $161,681,731Liabilities 2016: $3,942,669Net Assets 2016: $157,739,0622016Assets 2017: $174,200,866Liabilities 2017: $2,877,261Net Assets 2017: $171,323,6052017Assets 2018: $190,673,363Liabilities 2018: $4,432,266Net Assets 2018: $186,241,0972018Assets 2019: $190,704,019Liabilities 2019: $3,518,393Net Assets 2019: $187,185,6262019Assets 2020: $260,367,719Liabilities 2020: $4,055,739Net Assets 2020: $256,311,9802020Assets 2021: $330,645,758Liabilities 2021: $3,784,048Net Assets 2021: $326,861,7102021Assets 2022: $338,541,566Liabilities 2022: $2,793,122Net Assets 2022: $335,748,4442022Assets 2023: $356,251,700Liabilities 2023: $5,529,480Net Assets 2023: $350,722,2202023Assets 2024: $378,926,008Liabilities 2024: $6,908,316Net Assets 2024: $372,017,6922024Assets 2025: $391,878,039Liabilities 2025: $14,204,100Net Assets 2025: $377,673,9392025

Highlighted filing

2025

Assets$391,878,039
Liabilities$14,204,100
Net Assets$377,673,939
Open 2025 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MRevenue 2012: $46,062,785Expenses 2012: $34,874,693Net Income 2012: $11,188,0922012Revenue 2013: $49,102,877Expenses 2013: $37,027,897Net Income 2013: $12,074,9802013Revenue 2014: $45,062,795Expenses 2014: $29,186,754Net Income 2014: $15,876,0412014Revenue 2015: $51,540,154Expenses 2015: $28,297,639Net Income 2015: $23,242,5152015Revenue 2016: $52,277,737Expenses 2016: $31,474,012Net Income 2016: $20,803,7252016Revenue 2017: $14,713,989Expenses 2017: $37,965,346Net Income 2017: -$23,251,3572017Revenue 2018: $44,535,989Expenses 2018: $35,144,081Net Income 2018: $9,391,9082018Revenue 2019: $52,084,521Expenses 2019: $41,275,184Net Income 2019: $10,809,3372019Revenue 2020: $76,531,213Expenses 2020: $54,600,038Net Income 2020: $21,931,1752020Revenue 2021: $76,895,752Expenses 2021: $51,863,850Net Income 2021: $25,031,9022021Revenue 2022: $82,225,949Expenses 2022: $71,157,422Net Income 2022: $11,068,5272022Revenue 2023: $73,397,275Expenses 2023: $54,956,549Net Income 2023: $18,440,7262023Revenue 2024: $98,697,285Expenses 2024: $103,330,598Net Income 2024: -$4,633,3132024Revenue 2025: $99,984,309Expenses 2025: $102,697,308Net Income 2025: -$2,712,9992025

Highlighted filing

2025

Revenue$99,984,309
Expenses$102,697,308
Net Income-$2,712,999
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$391,878,039
Liabilities
$14,204,100
Net assets
$377,673,939
Revenue
$99,984,309
Expenses
$102,697,308
Net income
-$2,712,999
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$392$14.2$378$100.0$103$2.71
2024Detailed filing. Detailed filing data is available for this year.$379$6.91$372$98.7$103$4.63
2023Detailed filing. Detailed filing data is available for this year.$356$5.53$351$73.4$55.0$18.4
2022Detailed filing. Detailed filing data is available for this year.$339$2.79$336$82.2$71.2$11.1
2021Detailed filing. Detailed filing data is available for this year.$331$3.78$327$76.9$51.9$25.0
2020Summary only. Only limited summary data is available for this year.$260$4.06$256$76.5$54.6$21.9
2019Summary only. Only limited summary data is available for this year.$191$3.52$187$52.1$41.3$10.8
2018Summary only. Only limited summary data is available for this year.$191$4.43$186$44.5$35.1$9.39
2017Summary only. Only limited summary data is available for this year.$174$2.88$171$14.7$38.0$23.3
2016Summary only. Only limited summary data is available for this year.$162$3.94$158$52.3$31.5$20.8
2015Summary only. Only limited summary data is available for this year.$159$4.75$155$51.5$28.3$23.2
2014Summary only. Only limited summary data is available for this year.$150$3.13$146$45.1$29.2$15.9
2013Summary only. Only limited summary data is available for this year.$136$2.73$133$49.1$37.0$12.1
2012Summary only. Only limited summary data is available for this year.$120$2.16$118$46.1$34.9$11.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Aug 1, 2025
Return Version
2024v5.0
Gross Receipts
$101,611,447
Mission and Program Overview

Mission

We disburse funds to support Sunnybrook Health Sciences Centre and Sunnybrook Research Institute to support research, capital projects, education and to purchase medical equipment.

Our mission is to inspire lasting support for Sunnybrook. We grant funds to Sunnybrook Health Sciences Centre and Sunnybrook Research Institute to support research, capital projects, education and to purchase medical equipment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$372,017,693$377,673,939▲ $5,656,246
Investments in Publicly Traded Securities$334,671,531$362,704,491▲ $28,032,960
Cash and Non-Interest-Bearing Accounts$33,544,075$18,907,118▼ $14,636,957
Investments Other Securities$8,231,701$8,231,701→ $0
Land, Buildings, and Equipment, Net$1,686,482$1,092,339▼ $594,143
Prepaid Expenses and Deferred Charges$624,920$661,866▲ $36,946
Accounts Receivable$167,300$212,963▲ $45,663
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$378,926,009$391,878,039▲ $12,952,030
Other Assets Total-$67,561-
Liabilities
Other Liabilities$4,848,328$11,491,296▲ $6,642,968
Accounts Payable and Accrued Expenses$1,651,456$2,222,414▲ $570,958
Deferred Revenue$408,532$490,390▲ $81,858
Total Liabilities$6,908,316$14,204,100▲ $7,295,784
Net Assets / Fund Balance
Total Net Assets Fund Balance$372,017,693$377,673,939▲ $5,656,246
Total Liabilities and Net Assets / Fund Balance$378,926,009$391,878,039▲ $12,952,030

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$416,797$4,000,680$4,417,477
Other Land Buildings$651,250$1,162,538$1,813,788
Equipment$24,292$38,290$62,582
Buildings$0$0$0
Land$0-$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$136,377,588$6,859,919▲ $8,477,490$0$147,495,775
2023$117,955,602$2,442,676▲ $18,158,910$0$136,377,589
2022$119,341,899$2,076,438▲ $348,614$0$117,955,602
2021$118,157,318$366,691▲ $5,812,152$0$119,341,899
2020$94,329,242$581,096▲ $30,014,807$0$118,157,318
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly ColeCEOFT$536,219$248,887$785,106
Ana-Maria HobroughExecutive V.P., PhilanthropyFT$332,300$133,965$466,265
Asha RahejaCFO, V.p.FT$325,436$131,197$456,633
Christina ToppV.P. Marketing & Community EngagementFT$250,029$100,798$350,827
Marilyn BrownExecutive Director, PhilanthropyFT$206,213$83,134$289,347
Adrianne O'HalloranExecutive Director, AdvancementFT$205,998$83,047$289,045
Jeanette HepburnExec Dir, Donor Comm, Impact & AccountabilityFT$191,510$65,523$257,033
Jennifer ZhangDirector of Knowledge and SystemsFT$185,777$63,562$249,339
Sharon HoganDirector, FinanceFT$175,383$60,005$235,388
Jeremy MartenDirector, Marketing & EventsFT$173,492$59,358$232,850
Janice LaniganDirector, Community GivingFT$164,990$56,449$221,439
Jennifer ZuccaroDirector, People & CultureFT$160,310$54,848$215,158
Molly WilkieManager, AdvancementFT$158,730$54,308$213,038
Pamela QuirkPhilanthropy DirectorFT$145,431$49,758$195,189
Lindsey HutchinsonPhilanthropy DirectorFT$144,690$49,504$194,194
Pamela Osorio-KettlePhilanthropy DirectorFT$143,598$49,131$192,729
Brady TupperPhilanthropy DirectorFT$142,584$48,783$191,367
Mandana FarariaSenior Manager, Analytics and ReportingFT$142,760$44,489$187,249
Wayne CoxSenior Manager, Information SystemsFT$142,175$44,307$186,482
Henna PatelAssociate Director, Digital FundraisingFT$138,294$47,315$185,609

Board Members and Trustees

NameTitle
John CrawleyChair
Carey DiamondVice-Chair
Adi SitelbahDirector
Amarpreet Ricco BhasinDirector
Andrew SmithDirector
Anne Odette KayeDirector
Carol WildingDirector
Clifford RandDirector
Eileen RakovitchDirector
Hardindra WijeysunderaDirector
Jennifer ToryDirector
Karen DiamondDirector
Maneesh MehtaDirector
Michael FarallaDirector
Michael LordDirector
Neil MacLaughlinDirector
Robert BeutelDirector
Sheldon PollackDirector
Umeeda MadhanyDirector
William ChengDirector
Lisa BorsookSecretary
Christie ClarkTreasurer
Perry DellelceTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Spark Foundry WWDirect mail Fundraising Advertising240 Industrial Pkwys Unit 2, Unit 9, Aurora, Ontario, Ca$1,771,346
Globalfaces DirectDoor to Door Fundraising25 Lesmill Road, Unit 2, Toronto, Ontario, Ca$1,619,283
Blakely IncDirect Mail Fundraising240 Industrial Pkwys, Suite 400, Aurora, Ontario, Ca$957,221
Data SciencesCampaign Services423 Rue Saint Nicolas, Montreal, Quebec, Ca$947,124
Public IncBrand and campaign strategy26 Soho Street Suite 102, Toronto, Ontario, Ca$432,200
Revenue and Support

Revenue Composition

Contributions and Grants
$79,820,979
Program Service Revenue
$0
Investment Income
$15,529,855
Other Revenue
$4,633,475
All Other Contributions
$74,989,025
Change in Net Assets
$-2,712,999

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded244$8,416,110Market value from broker
Total Noncash Contributions244$8,416,110-

Audited Revenue Reconciliation

Revenue per Audited Statements
$101,549,376
Revenue Not Reported on Financial Statements
$-1,565,067
Revenue Not Reported on Form 990
$8,369,245
Other Revenue Adjustments
$-1,565,067
Total Revenue per Audited Statements
$109,918,621
Total Revenue per Form 990
$99,984,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$78,489,567
Total Fundraising Expense$18,831,851
Salaries, Compensation, and Employee Benefits$13,269,112
Other Expenses$8,627,633
Professional Fundraising Fees$2,310,996

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$78,489,567--$78,489,567
Other Salaries and Wages-$1,718,646$4,774,516$6,493,162
Current Officers, Directors, Trustees, and Key Employees-$1,368,746$4,225,536$5,594,282
Advertising--$4,180,948$4,180,948
Fees for Services Professional Fundraising--$2,310,996$2,310,996
Fees for Services Other--$1,725,973$1,725,973
Pension Plan Contributions-$264,225$742,670$1,006,895
Depreciation Depletion-$855,324-$855,324
Office Expenses-$833,292-$833,292
Information Technology-$71,090$521,325$592,415
Other Employee Benefits-$16,604$158,169$174,773
Fees for Services Legal-$170,998-$170,998
Conferences and Meetings--$116,145$116,145
Fees for Services Accounting-$70,433-$70,433
All Other Expenses-$6,532$47,898$54,430
Travel--$27,675$27,675
Total Functional Expenses$78,489,567$5,375,890$18,831,851$102,697,308

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$104,262,375
Expenses per Audited Statements$102,697,308
Total Expenses per Form 990$102,697,308
Expenses Not Reported on Form 990$1,565,067
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

International Summary

Offices
2
Employees
186
Spending
$78,489,568

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America (including Canada and Mexico, but not the United States)GrantmakingSunnybrook Health Sciences Centre193$43,724,602
North America (including Canada and Mexico, but not the United States)GrantmakingSunnybrook Research Institute193$34,764,966
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,310,996
Gaming Gross Income$1,503,215
Fundraising Gross Income$1,484,949
Gaming Direct Expenses$837,818
Fundraising Direct Expenses$789,320

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sunnybrook Foundation event$6,316,903$6,316,903$789,320$5,527,583
Total Events$6,316,903$6,316,903$789,320$5,527,583
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to SHSC$11,491,296
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Yes”

Form 990, Part VI, Section A, Line 7A

“Sunnybrook Foundation's governing council elects members for the governing body. The formal governing body is the governing council, a group of 131 volunteers. Governing council delegates authority to the board of directors to oversee the activities of the Foundation. The governing council elects the board annually. Minutes of governing council meetings are approved by the governing council and stored electronically. The Foundation auditors review these minutes annually.”

Form 990, Part VI, Section A, Line 7B

“Sunnybrook Foundation has several committees that are approved by the board of directors. The minutes are stored electronically and files are backed up daily. The minutes are reviewed by the Foundation's auditor's once a year.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is prepared by Senior, Finance Manager and reviewed by the Finance Director and the VP Finance/CFO, who are both employees of Sunnybrook Foundation.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is given to all employees and volunteers when they start. They are asked to declare conflicts of interest in the form of a signed statement. The Foundation sends out a question asking members to confirm if any conflicts of interest has occurred during the past year.”

Form 990, Part VI, Section B, Line 15

“The Executive Committee of the Board of Directors fulfills the role of the Compensation Committee. This Committee sets the compensation of the CEO based on review of comparative data for similar positions from industry, based on responsibilities assigned and written contract.”

Form 990, Part VI, Section C, Line 19

“Sunnybrook Foundation's financial statements are available in hard copy upon request or electronically on the Foundation's website.”

Filing and Contact Details

Filer

Filer Name
Sunnybrook Health Sciences Centre Foundation
EIN
98-0067299
Phone
4164804483
Address
CA

Signing Officer

Name
Sharon Hogan
Title
Director, Finance
Phone
4162771359
Signed
2025-08-01

Organization Details

Formed
1979
Voting Board Members
131
Independent Board Members
131
Employees
93
Volunteers
433
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

“Schedule D, Part V, Line 4 - Income on endowments funds as per Foundation's Capital Preservation Policy is made available for granting to Sunnybrook Health Sciences Centre and Sunnybrook Research Institute to support research, capital projects, education and to purchase medical equipment.”

Schedule D, Part XI, Line 1

“In the audited financial statements - total revenues plus net parking operations.”

Schedule D, Part XI, Line 2D

“In the audited financial statements, community events are shown net as part of the fundraising revenue.”

Schedule D, Part XI, Line 4B

“Direct expenses are for events and lottery, as Form 990 Part VIII includes net revenue or fundraising and lottery.”

Schedule D, Part XII, Line 2D

“In the audited financial statements - community event expenses are shown as part of net fundraising revenue, includes additional fundraising and lottery expenses.”

Raw XML AppendixShowing 400 of 1,345 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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