Joseph Brant 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.
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.
82%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.
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Programs
About Joseph Brant Hospital Foundation:
Founded in 1977, Joseph Brant Hospital Foundation (JBHF) raises money to improve the quality of healthcare provided at Joseph Brant Hospital in Burlington, Ontario. The hospital is located on land previously owned by Joseph Brant 'Thayendanegea', a Mohawk and British army captain. It currently employs 1,769 people, including over 180 physicians, dentists, and midwives.
In 2012, JBHF started Our New Era Campaign, working to raise $60 million for a major capital building project. The campaign was closed in 2018 after raising $65.2m for renovations to the original hospital building and construction of the new Michael Lee-Chin & Family Patient Tower. The 80,000 square foot tower houses 172 inpatient beds, a new emergency department, and nine operating rooms.
JBHF funds equipment purchases including infant warmers, lab equipment, and vital sign monitors. In F2018 there were 10,056 visits to the diagnostic imaging department for using the MRI. The machine is old and prone to breaking so the foundation is working to raise $5m too purchase two new MRI machines.
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Finances
Joseph Brant Hospital Foundation is a large charity with donations and special events revenue of $12.8m in F2019. Administrative and fundraising costs are 18% of revenues less investment income. For every dollar donated, 82 cents go to the cause, which is within Ci’s reasonable range for overhead spending. JBHF has $15.8m in funding reserves, of which $4.6m is donor-endowed. Excluding donor-endowed funds, the foundation could grant at the F2019 level for 1.5 years using reserves.
In F2018, JBHF reports spending $78,891 on external fundraisers which generated $31,999 in gross revenue. This means that the foundation spent $2.47 per dollar raised by fundraisers.
This charity report is an update that has been sent to Joseph Brant Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on August 15, 2019 by Madison Kerr.
Financial Review
Fiscal year ending March
|
2019 | 2018 | 2017 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 17.6% | 21.9% | 20.5% |
| Total overhead spending | 17.6% | 21.9% | 20.5% |
| Program cost coverage (%) | 147.2% | 95.5% | 104.2% |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 11,998 | 10,435 | 10,481 |
| Lotteries (net) | 162 | 145 | 141 |
| Business activities (net) | 0 | 0 | 605 |
| Special events | 827 | 810 | 663 |
| Investment income | 430 | 242 | 292 |
| Total revenues | 13,417 | 11,632 | 12,182 |
| Grants | 7,817 | 8,942 | 9,962 |
| Fundraising & administrative costs | 2,283 | 2,499 | 2,441 |
| Total spending | 10,100 | 11,441 | 12,403 |
| Cash flow from operations | 3,318 | 191 | (221) |
| Capital spending | 14 | 10 | 41 |
| Funding reserves | 15,770 | 12,805 | 13,657 |
Note: Lottery revenue is presented gross rather than net of expenses because the charity’s financial statements do not identify expenses specific to lottery operations. Business activities reflect parking revenue net of related expenses, affecting revenues and expenses by ($2.2m) in F2017. Ci has adjusted grants by the change in grants payable, affecting expenses by ($1.6m) in F2019, $860k in F2018, and ($772k) in F2017.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
2 |
$40k - $80k |
4 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905-632-3737