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

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.

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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My anchor

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.

My anchor

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


Financial Ratios

Fiscal year ending March
201920182017
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 Statements

All figures in $000s
201920182017
Donations 20,13521,75724,119
Lotteries (net) 2,1671,5521,019
Business activities (net) 73(2)(23)
Investment income 2,5351,1743,128
Total revenues 24,91024,48128,243
Grants 17,24513,36712,744
Administrative costs 2,4882,3902,278
Fundraising costs 6,5505,9375,325
Cash flow from operations (1,373)2,7867,897
Funding reserves 68,44568,91065,923

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

Full-time staff: 46

Avg. Compensation $93,466

Top 10 staff salary range

$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

My anchor

Comments & Contact

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Charity Contact

Website: www.stollerykids.com
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