MICS Healthcare Foundation
Public foundation · Cochrane, Ontario · BN 841952708RR0001 · Foundations
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($1,128,129) as filed with the CRA.
MICS Healthcare Foundation is a public foundation based in Cochrane, Ontario, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $463K in revenue and $1.1M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 21% from donations, 8% from government. In 2024, 5 other registered charities reported granting it a combined $47K.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 31% of peers. Its fundraising cost per donated dollar was higher than 91% of that peer group. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 2 qualified donees totalling $857K in 2024, the largest being $459K to Anson General Hospital. Revenue has declined over its filings on record here, from $1.1M in 2020 to $463K in 2024. Its filed list of directors and trustees shows 6 names.
In its own words
The foundation was incorporated to establish receive and maintain a fund or funds and to apply or donate all or part of the principal and income therefrom from time to time to any one of the following organization: bingham memorial hospital anson general hospital and lady minto hospital or other related charitable organizations registered under the income tax act canada who provides services and/or support to aforementioned organizations.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $463K | $1.1M | — | $272K | $857K | $1.8M |
| 2023 | $414K | $284K | — | $250K | $34K | $2.5M |
| 2022 | $838K | $139K | — | $139K | — | $2.4M |
| 2021 | $552K | $514K | — | $11K | $500K | $1.7M |
| 2020 | $1.1M | $14K | $3,000 | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $857K to 2 qualified donees:
Received $47K from 5 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- Permanent full-time positions1
- Total compensation, all staff$67K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Paul Chatelain (secretary); Carol Ann Goulet (director); Lynne Chartier-Cashmore (director); Gilles Forget (chair/treasurer); Suzanne De Laplante (vice-chair); Patricia Dorff (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from MICS Healthcare Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 841952708RR0001), or read how we compute the receipt.