Stollery 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.
B-
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.
56%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 56 cents are available for programs.
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Programs
About Stollery Children's Hospital Foundation:
Tracing its history back to 1978, when the Northern Alberta Children's Hospital Foundation began to advocate for a children's hospital in Edmonton, the Stollery Children's Hospital Foundation (SCHF) supports the Stollery Children's Hospital in Edmonton, Alberta. The new hospital was opened in 2001, funded by a generous donation from Bob and Shirley Stollery. In order to transform children’s healthcare SCHF states that it raises funds to support the hospital, educates communities about the hospital’s needs, and reports the impact of donors’ donations. In F2018, the hospital had 293,423 patient visits and performed 11,333 surgeries. Stollery Children’s Hospital has one of the largest catchment areas of children’s hospitals in Canada, covering 400,000 km2. Forty-four percent of inpatients, in F2018, were from outside the greater Edmonton Area.
As stated in its 2018 annual report, the Foundation granted $13.3m to the hospital to support research ($4.1m), equipment and facilities ($3.9m), training ($721k), and programs ($1.0m). The additional $3.6m were donor-directed funds used for specific purposes requested by donors.
In F2018, SCHF invested over $753,000 in the Awasisak Indigenous Health program, which is expanding its outreach programs to more Indigenous communities across northern Alberta. SCHF also gave over $1 million to help make Edmonton the home of Canada’s first Newborn Individualized Developmental Care and Assessment Program training centre. In F2018, as a result of $3.1m in grants, a new Stollery pediatric cardiac intensive care unit (PCICU) at the Mazankowski Heart Institute in Edmonton was opened. The new PCICU has 9 room, 16 beds and will service an expected 500 visits each year.
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Finances
Stollery Children’s Hospital Foundation is a Major-100 charity with $20.1m in donations in F2019. Administrative costs were 11% of revenues (excluding investment income) and fundraising costs were 33% of donations. For every dollar donated, 56 cents go to the cause, which is outside of Charity Intelligence’s reasonable range for overhead spending.
In F2019, Stollery Children’s Hospital Foundation has funding reserves of $68.4m, including $5.4m in donor-endowed funds. This means that SCHF can cover annual program costs for just under 4 years, using existing reserves.
In F2018, Stollery Children’s Hospital Foundation reported using external fundraisers in its T3010 filing with the CRA. The Foundation paid external fundraisers $346k and collected $7.6m in donations. As such, fundraising costs for external fundraisers were 4.5% of donations.
This charity report is an update that has been sent to Stollery Children’s Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on July 17, 2019 by Parker Thomlinson.
Financial Review
Fiscal year ending March
|
2019 | 2018 | 2017 |
---|---|---|---|
Administrative costs as % of revenues | 11.1% | 10.3% | 9.1% |
Fundraising costs as % of donations | 32.5% | 27.3% | 22.1% |
Program cost coverage (%) | 396.9% | 515.5% | 517.3% |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
---|---|---|---|
Donations | 20,135 | 21,757 | 24,119 |
Lotteries (net) | 2,167 | 1,552 | 1,019 |
Business activities (net) | 73 | (2) | (23) |
Investment income | 2,535 | 1,174 | 3,128 |
Total revenues | 24,910 | 24,481 | 28,243 |
Grants | 17,245 | 13,367 | 12,744 |
Administrative costs | 2,488 | 2,390 | 2,278 |
Fundraising costs | 6,550 | 5,937 | 5,325 |
Cash flow from operations | (1,373) | 2,786 | 7,897 |
Funding reserves | 68,445 | 68,910 | 65,923 |
Note: Ci reported business activities (which include merchandising) and lotteries net of expenses, affecting revenues and expenses by ($6.9m) in F2019, ($6.4m) in F2018, and ($3.3m) in F2017. Ci also backed out amortization on a pro-rata basis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
2 |
$120k - $160k |
4 |
$80k - $120k |
3 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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