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St. Joseph's Health Centre Foundation of Toronto

30 The Queensway
Toronto, ON M6R 1B
President: Maria Dyck
Board President: Elizabeth Buller

Charitable Reg. #: 11918 3382 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: C+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #10

Avg. Compensation $101,304

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 4
$40k - $80k 3
< $40k 1
Information from most recent CRA Charities Directorate filings for F2014

About St. Joseph's Health Centre Foundation of Toronto:

St. Joseph's Health Centre Foundation of Toronto (SJHCF), registered in 1984, was created to receive and maintain funds for the benefit of St. Joseph's Heath Centre through the enhancement or improvement of the facilities and services provided by the Health Centre.

St. Joseph's Health Centre, founded in 1921, is a full service acute care community teaching hospital in the Catholic tradition, providing services in southwest Toronto. The Health Centre's clinical programs include: Women, Children, Family Health & Chronic Disease Management, Emergency, Mental Health & Addictions, Surgery & Oncology, and Diagnostic & Therapeutics.

In F2015 SJHCF made disbursements of $2.1m to the Health Centre. Fundraising was focused on the Health Centre’s priorities, with $1.6m (or 75% of disbursements) allocated to renovations, $252k to equipment (12%), $141k (7%) to patient care improvements, $57k (3%) to community engagement, and 1.5% to both research and education. The Foundation is currently raising funds for the Just for Kids clinic, which will have four private examination rooms instead of two.

Financial Review:

Donations and other revenue in F2015 were $14.3m, up from $2.7m in F2014. The charity's audited financial statements provide no breakdown of this revenue category or explanation for the increase. In F2015 administrative costs were 4% of donations and fundraising costs were 14% of donations. The Foundation made disbursements of $2.1m (12% of total revenues) to the Health Centre. The Foundation has non-donor-endowed funding reserves of $9.5m, which cover annual program costs 7 times.

This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.

Updated July 23, 2015 by Zoe Best

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 3.8%14.7%
Fundraising costs as % of donations 13.5%43.2%
Program cost coverage (%) 1,153.3%812.0%

Summary Financial Statements

All figures in $000s
Donations 14,2802,749
Special events 1,516766
Investment income 1,902390
Total revenues 17,6983,905
Grants 2,0811,202
Administrative costs 592517
Fundraising costs 2,1341,519
Other costs 7866
Cash flow from operations 12,812601
Funding reserves 24,0069,760
Note: Ci did not include unrealized gains/losses in revenues, increasing revenues by $224k in F2015 and reducing revenues by $885k in F2014.

Comments added by the Charity:

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