Janeway Children's Hospital Foundation

55 Elizabeth Avenue, 3rd Floor
St. John’s, NL A1A 1W9
President & CEO: Rebecca Dutton
Board Chair: Martin Sullivan

Charitable Reg. #:11923 9127 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C

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.

60%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 60 cents are available for programs.



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OVERVIEW

About Janeway Children's Hospital Foundation:

Founded in 1985, Janeway Children’s Hospital Foundation (Janeway Foundation) raises funds to support Janeway Children’s Health & Rehabilitation Centre (Janeway). As part of the Eastern Regional Health Authority, Janeway is Newfoundland and Labrador’s only pediatric hospital. It also serves as a teaching hospital that works with Memorial University of Newfoundland. Each year, the hospital receives around 123,000 patient visits and admissions.

Janeway Children’s Hospital Foundation provides grants in four main areas. These include capital equipment, program support, research, and education.

Capital equipment represented 80% of grants in F2020. Janeway Foundation helps to fund new equipment purchases for specialized surgeries and neonatal care. During F2020, the charity raised funds to buy a new Central Fetal Monitoring System and Perinatal Charting System to assist in labour, delivery, and post-delivery services. It also bought a new CT scan machine during the year.

Program support made up 10% of grants. In F2020, Janeway received 44,213 outpatient visits and 34,678 emergency department visits. It also performed 3,935 surgeries during the year. The hospital’s Neonatal Intensive Care Unit received 372 admissions, while its Pediatric Intensive Care Unit received 126.

Research and education each represented 4% of grants in F2020. Janeway Children’s Hospital Foundation states that it has more than 50 active research projects on pediatric health. In F2020, the charity funded educational speaker events that benefitted around 200 clinicians. Around 2% of grants also went to recipients aside from the children’s hospital. These grants supported Rainbow Riders Therapeutic Riding Centre and Trinity Conception Placentia Health Foundation.

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Results and Impact

Janeway Foundation has not yet posted its 2021 annual report at the time of this update. These results refer to 2020.

Janeway Children’s Hospital Foundation states that 2,133 babies were born at Janeway in F2020. The charity does not report on outcomes or improvements in patient health during the year.

While Ci highlights these key results, they may not be a complete representation of Janeway Children’s Hospital Foundation’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

Janeway Children’s Hospital Foundation received $3.2m in donations and special events revenue in F2021. Administrative costs are 8% of revenues (less investment income) and fundraising costs are 32% of donations and special events revenue. This results in total overhead spending of 40%. For every dollar donated to the charity, 60 cents go to the cause. This is not within Ci’s reasonable range for overhead spending. Janeway Foundation was previously within this reasonable range in F2020. However, its fundraising ratio increased mainly due to a 36% drop in donations and special events funding, rather than rising fundraising costs. Its fundraising costs also fell by 12% in F2021.

Janeway Foundation has funding reserves of $8.7m, of which $146k is donor-endowed. Excluding donor-endowed funds, the charity can cover around 3.4 years of annual program costs.

The charity’s funding reserves contributed $1.1m in investment income in F2021, at an estimated rate of return of 16% (compared to an investment loss of $200k at a return of -3% in F2020). Over the last 11 years, Ci estimates that Janeway Foundation’s investment returns have averaged 5%.

Janeway Children’s Hospital Foundation discloses related party transactions. In F2021, it paid $2.1m in grants and $328k in unpaid amounts from prior years to Janeway Children’s Hospital. The charity has future grant commitments of $8.4m ($7.7m for equipment, $311k for programs, $224k for research, $100k for education, and $50k for other) that will be paid by F2024.  

Charity Intelligence has sent this update to Janeway Children’s Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on August 17, 2021 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 8.1%9.8%13.0%
Fundraising costs as % of donations 31.8%23.2%29.5%
Total overhead spending 39.9%33.0%42.5%
Program cost coverage (%) 344.1%248.5%383.9%

Summary Financial Statements

All figures in $s
202120202019
Donations 3,089,6614,811,4283,828,277
Lotteries (net) 67,21400
Special events 91,387144,381116,267
Investment income 1,115,207(199,826)446,128
Total revenues 4,363,4694,755,9834,390,672
Grants 2,496,8233,078,0522,169,695
Administrative costs 263,126485,782513,191
Fundraising costs 1,012,6391,149,4751,162,648
Total spending 3,772,5884,713,3093,845,534
Cash flow from operations 590,88142,674545,138
Capital spending 991026,180
Funding reserves 8,711,5507,775,7448,446,895

Note: Ci reported revenue from the Janeway Festive 50/50 lottery net of expenses. This affected revenues and expenses by ($252k) in F2021. To report on a cash basis, Ci adjusted grants by changes in amounts due to Eastern Regional Health Authority. This affected expenses by $328k in F2021, ($217k) in F2020, and ($100k) in F2019. Ci gathered administrative and fundraising costs from the charity’s T3010 filings, which reconciled with its audited financial statements. The charity's F2021 filing was not available at the time of this report. Ci excluded amortization, which was classified as other costs on T3010 filings.

Salary Information

Full-time staff: 7

Avg. compensation: $82,093

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
0
$40k - $80k
6
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.janewayfoundation.nf.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 709-777-4640

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Charitable Registration Number: 80340 7956 RR0001