St. Joseph's Healthcare Foundation, Hamilton

224 James St. S.
Hamilton, ON L8P 3A9
President & CEO: Sera Filice-Armenio
Board Chair: Ben De Rubeis

Charitable Reg. #:11918 3549 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

🔓
Unlock Charity Ratings

✔+

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.

64%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 64 cents are available for programs.



My anchor

Programs

About St. Joseph's Healthcare Foundation, Hamilton:

Founded in 1970, St. Joseph’s Healthcare Foundation Hamilton is the fundraising organization for the teaching hospital St. Joseph’s Healthcare Hamilton. The foundation’s mission is to “raise and steward funds to support exemplary patient care, research and education at St. Joseph’s Healthcare Hamilton and in the communities we are honoured to serve.”

St. Joseph’s Healthcare Foundation Hamilton’s four main programs are: equipment (52% of annual grants), research (42%), programs (6%), and education (1%). In F2016, the foundation purchased four new fetal heart monitors, an ultrasound machine, and a new CT scanner that increases the range of procedures the hospital can perform. The foundation also funded research into schizophrenia and women’s health, and supported programs at St. Joe’s Youth Wellness Centre to help youth and young adults living with mental illness and addiction.

Also in F2016, St. Joseph’s Healthcare Hamilton opened the Boris Family Centre for Interventional Radiology and Oncology. The foundation claims that the new minimally-invasive technology at this facility will allow for a 51-92% reduction in complication rates, a 56-82% reduction in mortality rates, a 60-84% reduction in the length of hospital stays, and a 32-56% reduction in costs.

My anchor

Finances

St. Joseph’s Healthcare Foundation Hamilton is a big-cap charity with $9.0m in donations and special events revenues in F2016. Its administrative costs are 26% of revenues and its fundraising costs are 10% of donations. For every dollar donated, 64 cents go towards the foundation’s programs, falling just outside of Ci’s reasonable range. The foundation has total funding reserves of $32.2m, resulting in a program cost coverage ratio of 297%. This means that the foundation can cover just under 3 years of its annual program costs using its existing reserves.

This charity report is an update that is being reviewed by St. Joseph’s Healthcare Foundation Hamilton. Changes and edits may be forthcoming.

Updated June 30, 2017 by Kevin Silberberg.

Financial Review


Financial Ratios

Fiscal year ending March
201620152014
Administrative costs as % of revenues 26.2%21.3%25.0%
Fundraising costs as % of donations 9.9%10.4%12.0%
Program cost coverage (%) 297.3%511.5%369.9%

Summary Financial Statements

All figures in $000s
201620152014
Donations 8,2199,6767,484
Lotteries (net) 504481436
Special events 7351,4111,358
Investment income (391)3,9924,151
Total revenues 9,06715,55913,430
Grants 10,8327,0948,552
Administrative costs 2,4792,4662,319
Fundraising costs 8861,1491,065
Cash flow from operations (5,131)4,8501,494
Funding reserves 32,20136,28231,633

Salary Information

Full-time staff: 20

Avg. Compensation $97,328

Top 10 staff salary range

$350k +
0
$300k - $350k
1
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
2
$80k - $120k
6
$40k - $80k
1
< $40k
0

Information from most recent CRA Charities Directorate filings for F2016

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.stjoesfoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

Print