St. Boniface Hospital Foundation

C1026-409 Taché Ave.
Winnipeg, MB R2H 2A6
President & CEO: Charles LaFlèche
Board Chair: John Graham

Charitable Reg. #:11916 9639 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.

74%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 74 cents are available for programs.

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Programs

About St. Boniface Hospital Foundation:

Founded in 1971, St. Boniface Hospital Foundation (SBHF) raises money to fund research and to improve the quality of healthcare provided at St. Boniface Hospital in Winnipeg, Manitoba. The hospital has 527 beds and had more than 27,500 admissions in F2018. In F2018, SBHF granted $4.6m to St. Boniface Hospital, supporting areas including cardiac (heart) health, specialized care for women and children, mental health, and palliative care. The remaining grants in F2018 were allocated to other major gifts.

In F2018, SBHF funded equipment purchases to create the first Endovascular Hybrid Operating Room in Manitoba. Endovascular surgery is less invasive than other techniques to treat blood vessel issues. Donations from SBHF have also purchased a baby changing area, phone charging station, and two sleeper chairs for the hospital waiting room. The neonatal intensive care unit (NICU) has been equipped with an electric food heater and alarm system for the freezer to ensure that breastmilk and formula are stored at safe temperatures.

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Results and Impact

Ci highlights the following F2018 program outcomes from St. Boniface Hospital Foundation.

At St. Boniface Hospital, Dr. Lorrie Kirshenbaum discovered that the chemotherapy drug Doxorubicin damages a patient’s heart by ‘turning on’ the Bnip3 gene. This gene causes heart cells to die. He has also discovered that cancer cells which have lost the ability to stop dividing do not have the Bnip3 gene turned on.

Researchers have developed a drug that prevents the spread of two antibiotic-resistant bacteria. These bacteria were among the top 10 “priority pathogens” defined by the World Health Organization (WHO).

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Finances

St. Boniface Hospital Foundation is a large charity with donations of $5.7m in F2018. The charity received $2.7m in net income from lotteries, representing 36% of total revenues. Administrative costs are 9% of revenues and fundraising costs are 17% of donations. For every dollar donated, 74 cents go to the cause, which is within Ci’s reasonable range for overhead spending. SBHF has $68.8m in funding reserves of which $41.6m is donor-endowed. Excluding donor-endowed funds, the foundation could grant at the F2018 level for eight years using reserves.

This charity profile is an update which has been sent to St. Boniface Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on June 10, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending December
201820172016
Administrative costs as % of revenues 9.3%9.1%6.9%
Fundraising costs as % of donations 16.9%15.3%10.9%
Program cost coverage (%) 1,275.4%1,448.8%940.2%

Summary Financial Statements

All figures in $000s
201820172016
Donations 5,7295,6658,136
Lotteries (net) 2,6992,1052,459
Investment income (950)3,7024,699
Total revenues 7,47911,47215,294
Grants 5,3944,7266,562
Administrative costs 782710735
Fundraising costs 969865890
Total spending 7,1466,3018,187
Cash flow from operations 3335,1717,107
Capital spending 1326417
Funding reserves 68,80068,47761,693

Note: Income from lotteries is presented as net of expenses. Amortization has been removed from administrative and fundraising costs pro-rata. Ci has adjusted grants by the change in grants payable, affecting expenses by ($156k) in F2018, ($2.5m) in F2017, and $698k in F2015.

Salary Information

Full-time staff: 21

Avg. Compensation $92,197

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
3
$80k - $120k
3
$40k - $80k
3
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

Website: www.stbhf.ca
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