Children's Hospital of Eastern Ontario Foundation
Ottawa, ON K1H 8M8
Board Chair: Mahesh Mani
CEO: Kevin Keohane
Charitable Reg. #: 11885 2474 RR0001
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #29
Avg. Compensation $98,023
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||3|
|$120k - $160k||0|
|$80k - $120k||6|
|$40k - $80k||0|
About Children's Hospital of Eastern Ontario Foundation:
Established in 1974, Children's Hospital of Eastern Ontario Foundation raises funds to support Children's Hospital of Eastern Ontario (CHEO). Donations help the hospital provide a wide variety of pediatric programs, research, state-of-the-art equipment, medical and nursing education, and assistance for families in crisis. The hospital has more than 2,500 doctors and nurses that specialise in treating children and youth. The hospital is one of a few stand-alone pediatric hospitals in Canada: accepting more than 69,000 emergency patients, 171,000 clinic visits, and 7,700 surgeries a year.
In F2015, the foundation granted $16.8m to the hospital, including $6.6m to capital and equipment investment, $6.0m to the research department, $4.1m to hospital programs and services, $113k to gifts in kind, and $60k to fellowships.
In F2015, Children's Hospital of Eastern Ontario spent 4% of revenues on administrative costs and 52% of donations on fundraising costs. Fundraising costs include the cost of lotteries as the charity did not report costs of lottories separately from fundraising costs on its audited financial statements. Total overhead costs of 56% fall outside of Ci's reasonable range. The charity has funding reserves of $68m, including donor-endowed funds of $42m. This funding reserve can cover annual grants for 4 years or 1 year and 8 months excluding donor-endowed funds.
Analysis updated by Ruoxi Gao in 2016, currently under review by Children's Hospital of Eastern Ontario Foundation.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||4.2%||4.5%||4.2%|
|Fundraising costs as % of donations||52.0%||63.6%||75.1%|
|Program cost coverage (%)||405.0%||412.0%||438.5%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||2,741||2,501||2,505|
|Cash flow from operations||642||(220)||1,622|