Children's Hospital Foundation of Manitoba

CE501-840 Sherbook St.
Winnipeg, MB R3A 1S1
President & CEO: Lawrence Prout
Board Chair: Karen Cornejo

Charitable Reg. #:11885 2490 RR0001

STAR RATING

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

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✔+

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.

72%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 72 cents are available for programs.



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Programs

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.

 

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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.

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Finances

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 Review


Financial Ratios

Fiscal year ending December
201820172016
Administrative costs as % of revenues 8.0%10.7%10.1%
Fundraising costs as % of donations 20.3%31.6%27.9%
Total overhead spending 28.3%42.3%38.0%
Program cost coverage (%) 348.6%592.5%532.6%

Summary Financial Statements

All figures in $000s
201820172016
Donations 11,1237,3227,635
Lotteries (net) 380486639
Investment income (1,559)2,7322,316
Other income 692694777
Total revenues 10,63511,23311,368
Grants 9,2575,5165,575
Donor-designated donations 175370
Administrative costs 978912910
Fundraising costs 2,2592,3142,130
Total spending 12,5098,7958,685
Cash flow from operations (1,874)2,4392,683
Capital spending 53110124
Funding reserves 32,26532,68229,692

Note: To report grants on a cash basis, Ci adjusted for changes in grants payable within grants, affecting total expenses by $2.3m in F2018, ($2.3m) in F2017, and ($2.0m) in F2016. F2016 grants payable was restated in the charity's F2017 audited financials. The F2016 adjustment was performed using non-restated numbers. As such, the F2016 adjustment may not be comparable to other years. Because of this adjustment, Ci did not report recovery of unused grants ($546k in F2018) as a contra-expense. 

Salary Information

Full-time staff: 17

Avg. Compensation $64,527

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
4
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.goodbear.mb.ca
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