Shriners Hospitals for Children

1529 Cedar Avenue
Montreal, QC H3G 1A6
General Director: Christine Boyle
Board President: Gino Berretta

Website: www.shrinershospitalsforchildren.org
Charitable Reg. #: 14101 3680 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

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 available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #0

Avg. Compensation $0

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Shriners Hospitals for Children:

Established in 1967, Shriners Hospitals for Children raises funds for Shriners Hospital for Children (Quebec) Inc. (SHCQ), which is one of 22 hospitals across North America owned and operated by Shriners International. Shriners International is a fraternity based on “fun, fellowship and the Masonic principles of brotherly love and truth”. Located in Montreal since 1925, the hospital has been operating at the Glen site in Montreal since October 5, 2015. This state-of-the-art hospital has 22 private patient rooms, 29,000 square feet dedicated to research, and 13,000 square feet devoted to rehabilitation services. The hospital serves children with orthopedic conditions such as muscular dystrophy, brittle bones, osteoporosis, and spinal cord injuries.

In addition to providing medical care, SHCQ has earned international expertise in bone research through close working relations with McGill University. In 2014, SHCQ Canadian researchers were the first to identify the painful bone defect causing osteoporosis and spine fractures in teenagers. SHCQ also published discoveries on osteogenesis imperfecta and its genetic cause that affects the collagen (the primary building block of bones). Shriners Hospitals have an international reputation for expertise in rare bone disorders. Past Shriners' research discoveries on clubfeet, dwarfism, and bone diseases have translated into treatment protocols and changed global practices.

The Foundation runs annual events and campaigns to raise money for the research and capital projects of the hospital. As per the Foundation's audited financials and T3010 filing with the CRA, the charity has no employees and incurred no compensation expenses. The Foundation reports that it receives services from volunteers.

Financial Review:

Shriners Hospitals for Children is a medium-sized charity with donations and special events fundraising of $4.6m in F2015. International donations refer to allocations from Shriners International to the Foundation of $1.6m. Administrative costs were 11% of revenues and fundraising costs were 14% of donations. For every $1 donated, 75 cents went to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending.

In F2015, Shriners Hospitals for Children did not make any grants to the hospital or research centre. Because of this, the program coverage ratio cannot be calculated.  Although the Foundation did not grant any money to the hospital or research centre, the Foundation holds all assets used by the hospital. As such, the foundation provides the hospital with office space and equipment usage, which are not recognized in the financial statements. The Foundation has $6.2m in funding reserves.

This charity report is an update that is currently being reviewed by Shriners Hospitals for Children. Changes and edits may be forthcoming.

Updated on June 26, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending December
201520142013
Administrative costs as % of revenues 11.2%11.6%3.0%
Fundraising costs as % of donations 13.8%51.4%2.9%
Program cost coverage (%) 0.0%554.2%130.5%

Summary Financial Statements

All figures in $000s
201520142013
Donations 3,0652,6165,519
Fees for service 755559
Special events 1,487766525
Investment income (55)10253
Total revenues 6,1483,9318,260
Grants 06006,000
Administrative costs 696442243
Fundraising costs 6281,738175
Cash flow from operations 4,8251,1501,841
Funding reserves 6,1663,3257,833
Note: Ci included deferred revenue of $542k received in F2015, which made up 14% of total donations and fundraising. The Foundation did not defer any donations received in F2014 or F2013.

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