Alberta Children's Hospital Foundation

28 Oki Drive NW
Calgary, AB T3B 6A8
President & CEO: Saifa Koonar
Board Chair: Darlene Haslam

Charitable Reg. #:13037 3244 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

A-

RESULTS REPORTING

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

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

81%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.



My anchor

OVERVIEW

About Alberta Children's Hospital Foundation:

Alberta Children's Hospital Foundation is a three-star charity. It has an A- results reporting grade, which is above average. The charity has reserves that can cover over five years of annual program costs. For every dollar donated to the charity, 81 cents are available to go to the cause, which is within Ci's reasonable range.

Founded in 1957, Alberta Children’s Hospital Foundation (ACHF) is the fundraising arm for Alberta Children’s Hospital (ACH). The hospital cares for more than 100,000 children and families each year. Through its Child Health Grant Program, ACHF funds projects in four main areas. These include Research, Clinical Care, Family Centered Care, and Education. It granted a total of $43.8m in F2023.

Clinical Care represented 48% of grants in F2023. ACHF funds a variety of health services and life-saving care programs, including the hospital's Pediatric Critical Care Transport program, which sends emergency respondents to smaller hospitals by ambulance, plane, or helicopter. The charity funded the construction of The Summit, a youth mental health centre in F2023. The Summit provides a family walk-in service, individual and group therapy, and a day hospital for young people transitioning from a hospital back to their home. Since opening, The Summit received 853 visits from 620 patients. ACHF also funds a hospital at home where hospital staff provide care to patients in their own home. The Acute at Home program received 1,145 referrals and recorded 3,523 patient interactions in F2023.

Research represented 41% of grants in F2023. Alberta Children’s Hospital Foundation funds the Alberta Children’s Hospital Research Institute (ACHRI) at the University of Calgary. The charity reports that its funding supports 372 ACHRI members and 545 ACHRI trainees. There are 584 active clinical trials at the University of Calgary. The charity reports that ACHRI members published 1,753 new publications and 4,883 publication citations.

Family Centered Care represented 7% of grants in F2023. Alberta Children’s Hospital Foundation aims to offer health services that accommodate new families and young children. A subprogram provides computer devices and games for patients in the hospital. ACHF funding enabled the purchase of 29 new pieces of technology for that program in F2023. It also provided music therapy to 2,029 patients and horticultural therapy to 735 patients in F2023.

The remaining 4% of program spending went toward its Education program.

My anchor

Results and Impact

The charity reports it its funding that supported ACHRI members published 1,753 publications and received 4,883 publication citations.

ACHF funded research that studied how a specific mix of five probiotic supplements can reduce intestinal inflammation in preterm infants in F2023.

The charity also funded research that developed a global recommendation for the surveillance of education and employment of cancer survivors, so they do not fall behind their peers.

While Ci highlights these key results, they may not be a complete representation of Alberta Children’s Hospital Foundation’s results and impact.

This charity is not yet rated on impact (n/r).

My anchor

Finances

Alberta Children’s Hospital Foundation received $50.5m in donations in F2023. Administrative costs are 7% of revenue (excluding investment income), and fundraising costs are 12% of donations. This results in total overhead spending of 19%. For every dollar donated to the charity, 81 cents are available to go to the cause, which is within Ci’s reasonable range.

The charity has $296m in reserve funds, of which $79m is donor endowed. Excluding donor-endowed funds, the charity’s reserves can cover 545%, or five years and five months of its annual program costs.

ACHF states that it has committed $40.5m for hospital and research grants and $5.3m for capital projects over the next fiscal year.

Charity Intelligence has sent this update to Alberta Children’s Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on August 15, 2023 by Liam Chapleau.

Financial Review


Financial Ratios

Fiscal year ending March
202320222021
Administrative costs as % of revenues 7.0%7.5%9.2%
Fundraising costs as % of donations 11.8%9.9%9.3%
Total overhead spending 18.7%17.4%18.5%
Program cost coverage (%) 544.5%746.2%1,104.9%

Summary Financial Statements

All figures in $000s
202320222021
Donations 50,54143,19737,472
Goods in kind 88232
Investment income (1,174)7,95745,477
Other income (67)604208
Total revenues 49,38851,78183,159
Program costs 000
Grants 43,75633,54922,992
Administrative costs 3,5133,2743,472
Fundraising costs 5,9424,2773,478
Total spending 53,21141,10029,942
Cash flow from operations (3,823)10,68153,217
Capital spending 4700
Funding reserves 296,031299,919289,236

Note: Ci included unrealized gains (losses) in investment income, affecting revenues by ($12.8m) in F2023, ($7.9m) in F2022, and $25.9m in F2021. Ci reported donations from related parties as other income and removed the amounts from donations. To report on a cash basis, Ci adjusted grants by changes in amounts payable to Alberta Health Services and University of Calgary. This affected grants and expenses by ($1.6m) in F2023, $47k in F2022, and $963k in F2021. Ci removed amortization from administrative costs. To report on a cash basis, Ci accounted for deferred revenue, impacting revenue by ($407k) in F2023, $371k in F2022, and ($nil) in F2021.

Salary Information

Full-time staff: 38

Avg. compensation: $115,622

Top 10 staff salary range:

$350k +
0
$300k - $350k
1
$250k - $300k
1
$200k - $250k
1
$160k - $200k
1
$120k - $160k
6
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

My anchor

Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.childrenshospital.ab.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-955-8818

Print