Jim Pattison Children's Hospital Foundation

31-345 Third Avenue South
Saskatoon, SK S7K 1M6
President & CEO: Brynn Boback-Lane
Board Chair: Shelley Brown

Website: www.pattisonchildrens.ca
Charitable Reg. #: 13530 9342 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #11

Avg. Compensation $74,762

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 2
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Jim Pattison Children's Hospital Foundation:

Founded in 1992, Children’s Hospital Foundation of Saskatchewan is dedicated to raising funds for the enhancement of children’s healthcare and the Children’s Hospital of Saskatchewan. On May 30, 2017, the foundation announced a donation of $50m by Jim Pattison to the Children’s Hospital Foundation of Saskatchewan. In honour of the gift, the new children’s hospital will be renamed Jim Pattison Children’s Hospital. Accordingly, the foundation has also changed its name, becoming Jim Pattison Children’s Hospital Foundation.

Jim Pattison Children’s Hospital Foundation is currently constructing a new children’s hospital in Saskatoon. As of May 2017, the hospital is 50% complete and is expected to open in 2019. The new hospital will have features like all private patient rooms with sleep space for family members, dedicated family areas on each floor, neonatal intensive care units for twins and play areas for children. It will be the dedicated provincial children’s hospital and a provincial referral centre for moms-to-be.

Children's Hospital Foundation of Saskatchewan continued to support the existing operations of the hospital. In F2016, the foundation granted $2.2m to the hospital, with 60% allocated to patient care, 21% to purchases of equipment and technology, and 19% to research and education.

The foundation has been granted permission from Canada Revenue Agency to accumulate funds of up to $70m from August 1, 2004 to July 31, 2019 for the purpose of constructing the Children's Hospital of Saskatchewan.

Financial Review:

Jim Pattison Children’s Hospital Foundation is a big-cap charity with $11.5m in donations and special events revenue in F2016. Investment income contributed an additional $1.4m in revenues. Administrative costs were 5% of revenues and fundraising costs were 12% of donations. As such, for every $1 donated, 83 cents went to the cause. This falls within Charity Intelligence’s reasonable range of overhead spending.

Funding reserves were $60.2m in F2016. These funds can cover annual program costs 27.6 times. It should be noted that Jim Pattison Children’s Hospital Foundation is in an extraordinary capital campaign as it raises money for equipment, research and technology for the new hospital.

This charity report is an update that is currently being reviewed by Jim Pattison’s Children Hospital Foundation. Changes and edits may be forthcoming.

Updated June 8, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending July
201620152014
Administrative costs as % of revenues 4.7%2.7%6.3%
Fundraising costs as % of donations 11.9%4.7%11.0%
Program cost coverage (%) 2,763.6%4,853.7%3,504.7%

Summary Financial Statements

All figures in $000s
201620152014
Donations 965864816
Special events 10,55819,7787,820
Investment income 1,3511,092694
Total revenues 12,87421,7349,330
Grants 2,1781,058914
Administrative costs 543559543
Fundraising costs 1,373973951
Cash flow from operations 8,78119,1436,922
Funding reserves 60,17951,36532,033
Note: Ci did not include cash surrender value of life insurance policies in investments, reducing investments by $533 in F2016, F2015, and F2014.

Comments added by the Charity:

Founded in 1992, the Children’s Hospital Foundation of Saskatchewan is dedicated to raising funds for the enhancement of maternal and children’s healthcare and the Children’s Hospital of Saskatchewan, which is scheduled to open its doors in 2019.

Saskatchewan is currently one of only two provinces in Canada without a dedicated children’s hospital. In 2009, the Government of Saskatchewan committed $200 million for the new Children’s Hospital of Saskatchewan. With a booming population, the province announced an expansion of the planned children’s hospital to 176 beds in 2014 and increased its investment to $235.5 million. The Foundation’s capital campaign is committed to raising $75 million to ensure that the enhancements, equipment, and family-friendly pieces will be available to make this new provincial hospital a special place for kids, moms, and families. The new Children’s Hospital of Saskatchewan will feature the province’s first pediatric surgery suites, dedicated space for children fighting cancer, and will be home to Saskatchewan’s first pediatric sleep lab. It will have room to treat over 21,000 children in pediatric emergency and space to care for over 6,000 pregnant women per year. The Children’s Hospital of Saskatchewan will be home to the first state-of-the-art “Child Life Zone” in Canada, joining eleven others in the network across North America, including Dallas, Denver, New York, and Phoenix.

The Foundation also distributes approximately $1 million annually for current pediatric and maternal needs in Saskatchewan, supporting three key areas: research and education, equipment and technology, and patient care.

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