St. Mary's General Hospital Foundation

911 Queen's Boulevard
Kitchener, ON N2M 1B2
President: Peter Sweeney
Board Chair: Shaun Devine

Charitable Reg. #: 11918 9017 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 #6

Avg. Compensation $103,567

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 1
$40k - $80k 4
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About St. Mary's General Hospital Foundation:

St. Mary’s General Hospital Foundation (SMGHF) is the fundraising arm of St. Mary’s General Hospital, an adult acute care hospital and regional cardiac care centre in Kitchener, Ontario. In the fall of 2012, the hospital launched a new vision: to be the safest and most effective hospital in Canada, characterized by innovation, compassion and respect. SMGHF grants money to the hospital in order to improve quality of care, patient safety, and patients’ experience at the hospital.

Currently, the main priority of SMGHF is its cardiac renewal campaign, which is aiming to improve the quality of care at the cardiac care centre through new equipment purchases. In the past 8 years, SMGHF has invested over $40m to the hospital. In F2011, these grants have funded renovations of several units of the hospital, clinical research programs for heart disease, new cardiac monitors, and new beds in the intensive care unit.

Financial Review:

SMGHF’s fundraising and administrative costs were 27% of total revenues less investment income (i.e., donations). In F2012, SMGHF had funding reserves of $10.9m, which cover annual grants to the hospital 3.3 times.

Financial Ratios

Fiscal year ending March
Fundraising & admin costs as % of revenues 27.1%25.6%27.8%
Program cost coverage (%) 331.1%588.2%218.8%

Summary Financial Statements

All figures in $s
Donations 4,550,3534,537,5163,440,716
Investment income 252,537158,146162,535
Total revenues 4,802,8904,515,6623,603,251
Grants 3,296,2071,771,2253,576,627
Fundraising & administrative costs 1,235,1171,115,788955,508
Cash flow from operations 271,5661,628,649(928,884)
Funding reserves 10,913,47710,417,6957,825,823
Note: Ci presented investment income before unrealized gains, adjusting investment income by ($51k) in F2012, ($291k) in F2011, and ($488k) in F2010.

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