Scarborough 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.
52%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 52 cents are available for programs.
My anchor
Programs
About Scarborough Hospital Foundation:
Scarborough Hospital Foundation (SRH Foundation) raises money for the Scarborough and Rouge Hospital. In December 2016, Scarborough Hospital merged with Rouge Valley Health System and the hospital foundations merged in April 2017. This merging occurred after the end of F2017 and future reports will reflect the operations of Scarborough and Rouge Hospital Foundation.
The Scarborough and Rouge Hospital employs more than 5,000 staff who work at 3 sites: Birchmount, General, and Centenary. The hospital has the 4th largest maternity program in Ontario, caring for over 6,400 newborns and their mothers each year. Funds from Scarborough Hospital Foundation are used to purchase medical equipment and contribute to capital projects not covered by the government. SRH Foundation has recently purchased 2 new microscopes for eye surgery, a mobile x-ray system, and new fetal heart monitors.
In February 2018, it was announced that the provincial government will begin an expansion of the Centenary emergency department. The expansion is expected to decrease wait times.
Results and Impact: Results of the work done by Scarborough Hospital Foundation have not been found.
My anchor
Finances
Scarborough Hospital Foundation is categorized as a large charity, with donations of $6.3m in F2017, up 59% from F2016. This increase can be attributed to the process of merging the hospital foundations. SRH Foundation manages the hospital’s parking lot. SRH Foundation received net $4.3m from parking operations in F2017, representing 40% of revenue. Administrative costs are 9% of revenues and fundraising costs are 39% of donations. For every $1 donated 52 cents go to the cause, falling below Ci’s reasonable range. Scarborough Hospital Foundation has $7.2m in funding reserves which could cover grants for over a year.
This charity report is an update that was sent to Scarborough Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on June 12, 2018 by Madison Kerr.
Financial Review
Fiscal year ending March
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.0% | 10.9% | 11.5% |
| Fundraising costs as % of donations | 38.8% | 59.4% | 45.8% |
| Program cost coverage (%) | 116.2% | 109.5% | 109.2% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 6,265 | 3,931 | 4,522 |
| Business activities (net) | 4,295 | 3,936 | 4,150 |
| Investment income | 227 | 5 | 332 |
| Total revenues | 10,787 | 7,872 | 9,004 |
| Grants | 6,231 | 5,326 | 5,551 |
| Administrative costs | 955 | 856 | 996 |
| Fundraising costs | 2,430 | 2,333 | 2,073 |
| Cash flow from operations | 1,171 | (643) | 383 |
| Funding reserves | 7,241 | 5,831 | 6,065 |
Note: Ci included net revenue from parking operations, reducing both revenues and expenses by $1.1m in F2017, $1.4m in F2016, and $1.1m in F2015. Ci used the administrative and fundraising costs reported on the charity’s T3010.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
2 |
$120k - $160k |
1 |
$80k - $120k |
1 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
My anchor
Comments & Contact
Comments added by the Charity:
Scarborough and Rouge Hospital (SRH) Foundation was formed through a merger of the legacy The Scarborough Hospital Foundation and Rouge Valley Health System Foundation in December 2016. We appreciate Charity Intelligence’s review and will consider the findings thoroughly. Our organization is currently undertaking a major community and stakeholder consultation to inform an organizational rebrand that will chart a course to transform health care in Scarborough. SRH Foundation is committed to operating with accountability and transparency. We look forward to sharing more with our donors following the launch of our new website and annual report in the latter half of 2018.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it.