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Stollery Children's Hospital Foundation

1502 College Plaza, 8215-112 Street
Edmonton, AB T6G 2C8
President & CEO: Mike House
Board Chair: Richard Kirby

Charitable Reg. #: 12207 3158 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Results Reporting

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

Cents to the Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #42

Avg. Compensation $90,236

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 5
$80k - $120k 4
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

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 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 F2016, the hospital had 215,000 patient visits and performed 10,300 surgeries. Stollery Children’s Hospital has one of the largest catchment areas of children’s hospitals in Canada, covering 400,000 km2. Forty percent of patients, in F2016, were from outside the greater Edmonton Area.

In F2016, the Foundation granted $11.1m to the hospital to support research ($5.1m), equipment and facilities ($3.4m), training ($1.3m), and programs ($1.3m). An additional grant of $50k was used by the hospital to collect benchmarking data on national child health issues and initiatives.

Grants to research allowed the hospital to perform 12 heart transplants and monitor the care of 200 heart transplant patients. The Foundation distributed 150 grants in F2016, 81 of which were trainee and student awards. In November 2015, the Foundation purchased an EOS Imaging System that can take full-body 2D or 3D skeletal images with low radiation. The EOS Imaging System uses 6-9 times less radiation than standard x-rays and has a micro-dose setting that can reduce radiation by up to 50 times. As well, the new equipment is less painful for patients to use as they can remain standing during the screening. In the first 6 months of operations, 665 patients with scoliosis were screened. 

Stollery Children’s Hospital Foundation reports having the second highest number of pediatric surgical cardiac cases in Canada. The Foundation funded the training of 16 specialized staff in F2016 that treat 500 cardiac patients each year. The Foundation also funded the launch of a new Aboriginal Child Health Program, which had 50 patients in its first 6 months of operation. This program was introduced to better help the 20% of patients that involve aboriginal children.

Financial Review:

Stollery Children’s Hospital Foundation is a Major-100 charity with $22.0m in donations in F2016. Administrative costs were 10% of revenues and fundraising costs were 22% of donations. For every $1 donated, 68 cents went to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending.

Funding reserves of $58.1m can cover annual grants to the hospital 5.2 times. The Foundation reports holding $33m awaiting hospital expenditure. These funds include $11.1m in donor-directed funds, $12.3m in F2009-F2015 committed funds, and $9.6m in F2017 committed funds. The Foundation reports delays in previously committed funds are the result of delays in infrastructure projects, which delay equipment purchases, starting programs, and carrying out research. Delays also occur as a result of equipment testing. Removing previously committed funds of $12.3m, Stollery Children’s Hospital Foundation can cover annual grants to the hospital 4.1 times.

In F2016, Stollery Children’s Hospital Foundation reported using external fundraisers in its T3010 filing with the CRA. The Foundation paid external fundraisers $111k and collected $6.4m in donations. As such, fundraising costs for external fundraisers were less than 2% of donations.

This charity report is an update that is currently being reviewed by Stollery Children’s Hospital Foundation. Changes and edits may be forthcoming.

Updated on July 10, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 9.8%10.2%9.6%
Fundraising costs as % of donations 22.3%24.4%20.6%
Program cost coverage (%) 521.4%490.0%540.9%

Summary Financial Statements

All figures in $000s
Donations 22,02020,94319,917
Lotteries (net) 48500
Business activities (net) (33)68(43)
Investment income 5993,1642,901
Total revenues 23,07124,17522,775
Grants 11,14610,9979,002
Administrative costs 2,1912,1461,901
Fundraising costs 4,9155,1174,099
Cash flow from operations 4,8205,9157,773
Funding reserves 58,10853,88248,692
Note: Ci reported business activities (which include merchandising) and lotteries net of expenses, affecting revenues and expenses by ($6.2m) in F2016, ($275k) in F2015, and ($367k) in F2014. Ci also adjusted administrative costs for amortization by ($64k) in F2016, ($50k) in F2015, and ($43k) in F2014.

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