Jim Pattison Children's Hospital 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.
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.
81%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.
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OVERVIEW
About Jim Pattison Children's Hospital Foundation:
Jim Pattison Children’s Hospital Foundation is a two-star charity with a below-average results reporting grade. It is financially transparent and based on its current funding reserves, it can cover around 32 years of program costs.
Jim Pattison Children’s Hospital Foundation (JPCHF) was founded in 1992 in Saskatchewan. It was formerly known as Children’s Hospital Foundation of Saskatchewan. On May 30, 2017, Jim Pattison announced that he would donate $50m to the foundation. In honour of his donation, the foundation and hospital were renamed after him.
The foundation raises funds to improve maternal and children’s health care at the Jim Pattison Children’s Hospital. It is the only hospital in Saskatchewan that specializes in neonatal and pediatric care.
JPCHF funded three main programs in F2022. It disbursed a total of $2.3m among three categories: Equipment and Technology, Patient Care, and Research and Education.
The foundation disbursed 52% of its total grants to Equipment and Technology. This funding provides new equipment to Jim Pattison Children’s Hospital. JPCHF states that it purchased over 100 pieces of equipment for the hospital. It also funded a mobile dental and mental health bus which travels to the First Nations communities in the Saskatoon area. In F2022, the bus reached 690 mental health patients and 250 dental patients.
In F2022, 34% of total grants went to Patient Care. These funds help support families of children receiving care, as well as support the ongoing services at the Jim Pattison Children’s Hospital. JPCHF reports that it helped with 20,009 total children's emergency service visits. It also reports that the hospital helped deliver 5,466 babies and performed 3,567 total pediatric surgeries.
Jim Pattison Children’s Hospital Foundation allocated 14% of its total grants to Research and Education. These funds are for programs to support pediatric research.
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Results and Impact
Jim Pattison Children’s Hospital Foundation funded a study to treat children with severe epilepsy. It administered certain amounts of cannabis to seven children. As a result of the study, all children experienced a decrease in the number of seizures they experienced. Three of the seven children stopped having seizures altogether.
While Ci highlights these key results, they may not be a complete representation of Jim Pattison Children's Hospital Foundation’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Jim Pattison Children’s Hospital Foundation received $13.0m in donations and special events revenue in F2022. Administrative costs are 7% of revenues (less investment income) and fundraising costs are 12% of donations and special events revenue. This results in total overhead spending of 19%. For every dollar donated, 81 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
The foundation has $76.2m in total reserve funds. These reserve funds are JPCHF’s cash and investments. Jim Pattison Children’s Hospital Foundation has $10.0m in its Endowment fund. However, JPCHF does not disclose donor-endowed funds separate from board-endowed funds. As such, no deduction for endowments is made to funding reserves. As of F2022, Jim Pattison Children’s Hospital Foundation has 32 years of annual program costs covered by its current reserves.
JPCHF's funding reserves contributed $682k in investment income in F2022, at an estimated rate of return of 1% ($4.1m at a rate of return of 6% in F2021). Over the last eight years, Ci estimates that its investment returns have averaged 3%.
In F20212 JPCHF paid external fundraisers $5.4k. These external fundraisers raised $128.5k in donations. This means it costs JPCHF $0.04 to raise $1 using external fundraisers.
Charity Intelligence has sent this update to Jim Pattison Children’s Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on May 26, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending July
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 7.1% | 6.4% | 4.3% |
Fundraising costs as % of donations | 12.4% | 11.3% | 8.1% |
Total overhead spending | 19.5% | 17.7% | 12.3% |
Program cost coverage (%) | 3,243.7% | 433.5% | 58.9% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 7,807 | 2,643 | 1,849 |
Government funding | 39 | 424 | 155 |
Lotteries (net) | 0 | 0 | (790) |
Special events | 5,229 | 11,747 | 18,519 |
Investment income | 682 | 4,079 | 2,530 |
Total revenues | 13,757 | 18,892 | 22,263 |
Grants | 2,349 | 15,604 | 44,571 |
Administrative costs | 925 | 943 | 844 |
Fundraising costs | 1,614 | 1,627 | 1,640 |
Other costs | 141 | 94 | 93 |
Total spending | 5,029 | 18,267 | 47,149 |
Cash flow from operations | 8,728 | 625 | (24,885) |
Capital spending | 2 | 14 | 9 |
Funding reserves | 76,208 | 67,645 | 67,351 |
Note: In F2020, the foundation hosted its Touchdown for Kids Millionaire Lottery, reporting $1.8m in lottery revenue within fundraising revenue and $2.5m in expenses within fundraising costs. Ci separated lottery revenue from special events revenue and reported it net of expenses. This affected revenues and expenses by ($2.5m) in F2020. The lottery was not held in F2022 and F2021. To report on a cash basis, Ci adjusted grants by changes in contributions payable. This affected grants and expenses by ($133k) in F2022, $120k in F2021, and $6.2m in F2020. The foundation’s audited financials do not fully allocate salaries and benefits. As such, Ci reported the unallocated salaries and benefits in administrative costs ($248k in F2020, $396k in F2019, and $359k in F2018). The foundation’s financial statements do not report covid-19 related government funding in its revenues, and rather removed it from administrative costs and salaries and employee benefits. Ci added back the government funding, affecting total revenues and administrative costs by $39k in F2022, $424k in F2021 and $155k in F2020. Ci adjusted for deferred donations, affecting revenues by $10k in F2022, $140k in F2021 and ($123k) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
7 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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