Children's Hospital Foundation of Manitoba
Winnipeg, MB R3A 1S1
President & CEO: Stefano Grande
Board Chair: Dean Schinkel
Charitable Reg. #: 11885 2490 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #17
Avg. Compensation $64,527
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||4|
|$40k - $80k||5|
About Children's Hospital Foundation of Manitoba:
Founded in 1971, Children’s Hospital Foundation of Manitoba (CHFM) raises and distributes funds for the advancement of knowledge and care in the fields of child health and child health research, thereby contributing to the improved health of children. CHFM does this by funding of pediatric medical research at the Children's Hospital Research Institute of Manitoba (CHRIM). In addition, funding goes towards equipment and programs at the Children’s Hospital - Health Sciences Centre (HSC) Winnipeg. Children’s Hospital is located in Winnipeg and treats approximately 120,000 children annually.
CHFM used 67% of program spending to grant funds to CHRIM. In 2018, over 230 research projects were active. Children’s Hospital Foundation of Manitoba highlights research being done on obesity and type 2 diabetes. CHFM reports that nearly two billion people were overweight and/or obese in 2016. Moreover, CHFM reports that 40% of children who visit general emergency departments do not receive evidence-based treatment and up to 20% receive non-beneficial or even harmful treatment. Therefore, CHFM participates in Translating Emergency Knowledge for Kids (TREKK), a national network with a vision for every child to receive the highest standard of care, whether they are treated in a children’s or general emergency department.
CHFM used 32% of program spending to provide equipment and patient care to the Children’s Hospital, and CHFM used the remaining 1% in other grants and disbursements. In 2018, its funding resulted in the purchase of 140 specialized equipment pieces, including an audiometer and infant radiant warmers. Moreover, over 15 hospital programs were funded to benefit 40,000 children, such as humour therapy and trauma resuscitation in kids. In 2018, four hospital spaces were renovated and used by 20,000 patients.
Results and Impact:
CHFM reports that the research done at CHRIM resulted in a decrease in mortality rate for babies with PPHN (Persistent Pulmonary Hypertension of the Newborn), from 40% to 10-25% over a 15-year period.
Children’s Hospital Foundation of Manitoba is a medium-sized charity with $11.1m in donations in F2018. Administrative costs were 8% of revenues and fundraising costs were 20% of donations. Both these percentages have decreased from past years. As such, for every $1 donated, 72 cents went to the cause. This is within Charity Intelligence’s reasonable range for overhead spending.
The foundation has funding reserves of $32.2m, of which $4.5m are donor-endowed. Excluding donor-endowed funds, Children’s Hospital Foundation of Manitoba can cover annual program costs for 3.5 years.
This charity report is an update that has been sent to Children’s Hospital Foundation of Manitoba for review. Changes and edits may be forthcoming.
Updated on May 28, 2019 by Parker Thomlinson.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||8.0%||10.7%||10.1%|
|Fundraising costs as % of donations||20.3%||31.6%||27.9%|
|Program cost coverage (%)||348.6%||592.5%||532.6%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(1,874)||2,439||2,683|