St. Mary's General Hospital Foundation
Kitchener, ON N2M 1B2
President: Peter Sweeney
Board Chair: Shaun Devine
Charitable Reg. #: 11918 9017 RR0001
Grade: B-The 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 #6
Avg. Compensation $103,567
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||1|
|$40k - $80k||4|
About St. Mary's General Hospital Foundation:
St. Mary’s General Hospital Foundation (SMGHF) is the fundraising arm of St. Mary’s General Hospital, an adult acute care hospital and regional cardiac care centre in Kitchener, Ontario. In the fall of 2012, the hospital launched a new vision: to be the safest and most effective hospital in Canada, characterized by innovation, compassion and respect. SMGHF grants money to the hospital in order to improve quality of care, patient safety, and patients’ experience at the hospital.
Currently, the main priority of SMGHF is its cardiac renewal campaign, which is aiming to improve the quality of care at the cardiac care centre through new equipment purchases. In the past 8 years, SMGHF has invested over $40m to the hospital. In F2011, these grants have funded renovations of several units of the hospital, clinical research programs for heart disease, new cardiac monitors, and new beds in the intensive care unit.
SMGHF’s fundraising and administrative costs were 27% of total revenues less investment income (i.e., donations). In F2012, SMGHF had funding reserves of $10.9m, which cover annual grants to the hospital 3.3 times.
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||27.1%||25.6%||27.8%|
|Program cost coverage (%)||331.1%||588.2%||218.8%|
Summary Financial StatementsAll figures in $s
|Fundraising & administrative costs||1,235,117||1,115,788||955,508|
|Cash flow from operations||271,566||1,628,649||(928,884)|