Children's Hospital Foundation of Manitoba

CE501-840 Sherbook St.
Winnipeg, MB R3A 1S1
President & CEO: Lawrence Prout
Board Chair: Mark Evans

Website: www.goodbear.mb.ca
Charitable Reg. #: 11885 2490 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social Results Reporting

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Most recent audited financial statements available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #16

Avg. Compensation $53,490

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 2
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2013

About Children's Hospital Foundation of Manitoba:

Founded in 1971, the 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), formerly the Manitoba Institute of Child Health, as well as equipment and programs at the Children's Hospital—HSC Winnipeg. The Children's Hospital is located on the campus of the Health Sciences Centre Winnipeg, the largest healthcare centre in Manitoba. The Children's Hospital treats over 130,000 children annually.

At CHRIM over 270 world-class pediatric medical researchers, technical staff, students and support staff are involved in over $10 million of research and clinical trial activity each year. The leading research theme at the Institute is the biology of breathing, which focuses on pediatric respiratory challenges.

In F2014 the Foundation granted $4.1m in aid of research and $1.2m to the Children's Hospital.

Financial Review:

In F2014 administrative costs were 12% of revenues, while fundraising costs were 37% of donations. The Foundation has funding reserves of $26.5m, which includes $2.6m in donor-endowed funds. Non-donor-endowed funding reserves cover annual grants 4.7 times.

Financial Ratios

Fiscal year ending December
201420132012
Administrative costs as % of revenues 12.1%10.9%7.7%
Fundraising costs as % of donations 36.7%30.7%33.8%
Program cost coverage (%) 505.1%550.8%472.9%

Summary Financial Statements

All figures in $000s
201420132012
Donations 5,4885,4784,605
Lotteries (net) 360570513
Business activities (net) 449456448
Investment income 1,6981,322978
Other income 1,3941,6241,595
Total revenues 9,3899,4518,139
Grants 5,2484,5454,972
Donor-designated donations 5655199
Administrative costs 933887550
Fundraising costs 2,0141,6791,558
Cash flow from operations 1,1382,285860
Funding reserves 26,50725,03423,510
Note: Ci adjusted revenues for unrealized gains, reducing total revenues by $753k in F2014, $1.8m in F2013, and $713k in F2012.

Comments added by the Charity:

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