Children's Hospital Foundation of Manitoba
Winnipeg, MB R3A 1S1
President & CEO: Lawrence Prout
Board Chair: Karen Cornejo
Charitable Reg. #: 11885 2490 RR0001
Grade: CThe 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 #23
Avg. Compensation $53,724
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||3|
|$40k - $80k||6|
About Children's Hospital Foundation of Manitoba:
Founded in 1971, Children’s Hospital Foundation of Manitoba works to support the special healthcare needs of children through funding of pediatric medical research at the Children's Hospital Research Institute of Manitoba (CHRIM), as well as equipment and programs at the Children’s Hospital - Health Sciences Centre (HSC) Winnipeg. The Children’s Hospital treats approximately 120,000 children annually.
Winnipeg Regional Health Authority - the health authority affiliated with CHRIM and Health Sciences Centre - was named one of Canada’s top 40 research hospitals by RE$EARCH Infosource Inc. in 2016. This recognition is based on research spending and research intensity of the entire health authority.
In F2016 the foundation granted $4.0m in aid of research to CHRIM and $1.7m to the Children’s Hospital at HSC Winnipeg. The foundation granted an additional $191k in other grants and disbursements.
Children’s Hospital Foundation of Manitoba also has a program that organizes trips and fun activities for the Pediatric Special Care Unit. This unit has 6 beds for technology-dependent children who, because of medical needs, spend much of their time in the hospital. Trips in F2016 included visits to the Children’s Museum, pictures with Santa, ice skating at the Winnipeg Winter Club, and trips to Assiniboine Park Zoo.
Children’s Hospital Foundation of Manitoba is a big-cap charity with $7.6m in donations in F2016. Administrative costs were 10% of revenues and fundraising costs were 28% of donations. As such, for every $1 donated, 62 cents went to the cause. This does not fall within Charity Intelligence’s reasonable range for overhead spending.
The foundation has funding reserves of $29.7m, of which $3.3m are donor-endowed. Excluding donor-endowed funds, Children’s Hospital Foundation of Manitoba can cover annual program costs 4.7 times.
This charity report is an update that is currently being reviewed by Children’s Hospital Foundation of Manitoba. Changes and edits may be forthcoming.
Updated on June 20, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||10.1%||10.1%||12.1%|
|Fundraising costs as % of donations||27.9%||30.6%||36.7%|
|Program cost coverage (%)||514.5%||513.7%||505.1%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||0||0||449|
|Cash flow from operations||2,487||540||1,892|