Alberta Children's Hospital Foundation

2888 Shaganappi Trail NW
Calgary, AB T3B 6A9
President & CEO: Saifa Koonar
Board Chair: Chris Potter

Charitable Reg. #: 13037 3244 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

Audited financial statements for current and previous years 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 #33

Avg. Compensation $107,365

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 0
$200k - $250k 2
$160k - $200k 1
$120k - $160k 3
$80k - $120k 3
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Alberta Children's Hospital Foundation:

Founded in 1957, the Alberta Children's Hospital Foundation (ACHF) raises funds for family-centred child health programs, specialized life-saving equipment and advanced pediatric research and education at the Alberta Children's Hospital. The Hospital provides care to 90,000 children each year.

The Alberta Children's Hospital is a national leader in highly complex, minimally invasive surgery, including endoscopic brain surgery, and it has expertise in the fight against childhood cancer. It is recognized nationally for its high success rates in survival and low rates of graft vs host disease, a potentially debilitating or fatal complication of blood and marrow transplants (BMT). BMT offers some children with high-risk or recurrent leukemia, brain tumours, and recurrent Hodgkin's disease the best chance for survival. Grants from ACHF helped the hospital to become the first children's hospital in western Canada with a 3T MRI, which provides high-definition images, enabling specialists to examine anatomical chemistry and function.

Financial Review:

ACHF's administrative costs are 4% of revenues and fundraising costs are 15% of donations. ACHF has funding reserves of $204m, $71m of which are donor-endowed. Non-donor-endowed funding reserves cover annual grants 5.2 times.

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

Updated August 12, 2015 by Zoe Best.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 3.8%4.0%5.8%
Fundraising costs as % of donations 15.3%14.9%17.5%
Program cost coverage (%) 704.2%767.0%744.8%

Summary Financial Statements

All figures in $000s
Donations 38,91334,18725,606
Goods in kind 1,3851,0201,086
Investment income 9,12412,2544,911
Total revenues 49,42247,46131,603
Grants 28,99022,69819,397
Administrative costs 1,5461,4121,541
Fundraising costs 5,9445,0904,485
Cash flow from operations 12,94218,2616,180
Funding reserves 204,145174,097144,464
Note: Ci included goods-in-kind in revenues, increasing total revenues by $1.3m in F2015, $936k in F2014, and $991k in F2013. Ci adjusted administrative expenses for amortization, reducing administrative costs by $1.5m in F2015, $1.4m in F2014, and $1.5m in F2013.

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