Janeway Children's Hospital Foundation

300 Prince Philip Drive, Suite 2J140
St. John's, NL A1B 3V6
Executive Director: Lynn Sparkes
Board Chair: Lloyd Powell

Website: www.janewayfoundation.nf.ca
Charitable Reg. #: 11923 9127 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 [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #6

Avg. Compensation $72,326

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 3
< $40k 2
Information from most recent CRA Charities Directorate filings for F2012

About Janeway Children's Hospital Foundation:

The Janeway Children’s Hospital Foundation raises funds to benefit the Janeway Children’s Health & Rehabilitation Centre, Newfoundland and Labrador’s only pediatric hospital. Donations contribute to the purchase of medical equipment, education of Janeway staff, and research.

In 2011, the Foundation helped raise funds for the creation of the new Janeway Pediatric Research Unit, which has over 50 active research projects underway on a range of topics such as diabetes, breastfeeding, and childhood obesity, among others. The Foundation helped purchase the Direct Digital Radiography Suite, an x-ray machine that transmits images to a computer imaging system. The Foundation also funded a number of staff educational bursaries and attendance at several conferences in areas such as Child Health Psychology, Childhood Cancer, and Advancements in Vaccines, among others.

Financial Review:

Fundraising costs are 22% of donations, and administrative costs are 16% of revenues. The Foundation has funding reserves of $6.6m (including $1.3m in donor-endowed funds), which cover annual program costs 5.1 times.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 16.3%13.8%20.9%
Fundraising costs as % of donations 22.3%15.7%13.4%
Program cost coverage (%) 510.1%343.5%785.2%

Summary Financial Statements

All figures in $000s
Donations 2,7973,1762,724
Lotteries (net) 00(153)
Business activities (net) 0034
Investment income 294231158
Total revenues 3,0913,4072,763
Grants 1,2911,921667
Administrative costs 456437545
Fundraising costs 624500364
Cash flow from operations 7205491,187
Funding reserves 6,5856,5985,237
Note: Ci reported lottery and house sale net of related costs and removed these costs from expenses. This reduced both revenue and expenses by $2.2m in F2010. The breakdown between program, administrative and fundraising costs is taken from the charity’s T3010 filing as no breakdown is provided on its audited financial statements.

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