Children's Hospital Foundation of Saskatchewan

31 - 345 3rd Avenue South
Saskatoon, SK S7K 1M6
President & CEO: Brynn Boback-Lane
Board Chair: Greg Yuel

Charitable Reg. #: 13530 9342 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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #7

Avg. Compensation $79,038

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 0
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Children's Hospital Foundation of Saskatchewan:

The Children's Hospital Foundation of Saskatchewan (CHFS) is dedicated to raising funds for the enhancement of children's healthcare and the Children's Hospital of Saskatchewan. In F2014, CHFS committed to raising $45 million to build a new children's hospital in Saskatoon. In F2015, CHFS has raised this fundraising commitment to $75 million (see CHFS's informative comments below). Construction began in September 2014, and it is expected to open in 2017. The new hospital will feature private rooms with sleep space for family members for all patients, dedicated family areas on each floor, and play areas for children and teenagers. In April 2014 the provincial government announced the expansion of the footprint to include 24 additional beds for the new hospital.

In addition, CHFS continues to support the existing enhancements of children's healthcare in the province. In F2014, CHFS granted $913k for existing pediatric needs, with 73% allocated to purchases of equipment & technology, 22% to research and education, and 5% to patient care.

Financial Review:

In F2014 CHFS’s administrative costs were 6% of revenues, while fundraising costs were 11% of donations. Excluding $30.4m designated for the new hospital construction, funding reserves cover annual grants 1.8 times.

This charity report is an update that has been sent to the charity for review. Changes and edits may be forthcoming.

Updated August 6, 2015.

Financial Ratios

Fiscal year ending July
Administrative costs as % of revenues 6.3%7.6%8.4%
Fundraising costs as % of donations 11.0%11.2%11.6%
Program cost coverage (%) 3,506.7%3,969.2%2,384.0%

Summary Financial Statements

All figures in $000s
Donations 816569368
Special events 7,8205,8145,231
Investment income 694583506
Total revenues 9,3306,9666,106
Grants 914627819
Administrative costs 543484470
Fundraising costs 951715649
Cash flow from operations 6,9225,1414,168
Funding reserves 32,05224,87619,533
Note: Ci did not include cash surrender value of life insurance policies in investments, reducing investments by $533 in F2014, $18,121 in F2013, and $14,031 in F2012.

Comments added by the Charity:

Founded in 1992, the Children’s Hospital Foundation of Saskatchewan is dedicated to raising funds for the enhancement of maternal and children’s healthcare and the Children’s Hospital of Saskatchewan, which is scheduled to open its doors in 2019.

Saskatchewan is currently one of only two provinces in Canada without a dedicated children’s hospital. In 2009, the Government of Saskatchewan committed $200 million for the new Children’s Hospital of Saskatchewan. With a booming population, the province announced an expansion of the planned children’s hospital to 176 beds in 2014 and increased its investment to $235.5 million. The Foundation’s capital campaign is committed to raising $75 million to ensure that the enhancements, equipment, and family-friendly pieces will be available to make this new provincial hospital a special place for kids, moms, and families. The new Children’s Hospital of Saskatchewan will feature the province’s first pediatric surgery suites, dedicated space for children fighting cancer, and will be home to Saskatchewan’s first pediatric sleep lab. It will have room to treat over 21,000 children in pediatric emergency and space to care for over 6,000 pregnant women per year. The Children’s Hospital of Saskatchewan will be home to the first state-of-the-art “Child Life Zone” in Canada, joining eleven others in the network across North America, including Dallas, Denver, New York, and Phoenix.

The Foundation also distributes approximately $1 million annually for current pediatric and maternal needs in Saskatchewan, supporting three key areas: research and education, equipment and technology, and patient care.

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