Stollery Children's Hospital Foundation

1502 College Plaza, 8215 - 112 Street
Edmonton, AB T6G 2C8
President & CEO: Mike House
Board Chair: Marshall Sadd

Website: www.stollerykids.com
Charitable Reg. #: 12207 3158 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social Results Reporting

Grade: C+

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

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #52

Avg. Compensation $61,804

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 3
$80k - $120k 6
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Stollery Children's Hospital Foundation:

Tracing its history back to 1978, when the Northern Alberta Children's Hospital Foundation began to advocate for a children's hospital in Edmonton, the Stollery Children's Hospital Foundation (SCHF) supports the Stollery Children's Hospital in Edmonton, Alberta. The new hospital was opened in 2001, funded by a generous donation from Bob and Shirley Stollery.

In F2014 the Foundation granted $9m to the hospital to support five pillars: innovation and discovery ($4.4m), the journey of the complex child toward optimum health ($1.9m), family-centred care ($1.4m), highly skilled professionals ($1.1m) and quality outcomes, quality care ($200k). Each year, the hospital submits a list of priority projects to the board of the SCHF, who then evaluate the submission to determine what the SCHF will commit to funding. Examples of recent projects include funding that allowed the biomedical team to develop special incubators for neonatal transport and the purchase of cooling blankets ($30k each) for the neonatal intensive care unit.

Financial Review:

In F2015 SCHF's administrative costs were 10% of revenues, while fundraising costs were 25% of donations. In F2015 SCHF had funding reserves of $54m, $9.8m of which were donor-endowed. SCHF's non-donor-endowed funding reserves cover annual grants 4.2 times.

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

Updated August 13, 2015.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 10.3%9.6%11.1%
Fundraising costs as % of donations 24.5%20.6%19.8%
Program cost coverage (%) 490.0%540.9%280.8%

Summary Financial Statements

All figures in $000s
201520142013
Donations 20,88019,91716,759
Business activities (net) 68(43)33
Investment income 2,0262,5131,326
Total revenues 22,97322,38718,118
Grants 10,9979,00214,471
Administrative costs 2,1461,9011,858
Fundraising costs 5,1174,0993,314
Cash flow from operations 4,7137,385(1,525)
Funding reserves 53,88248,69240,638
Note: Ci did not include unrealized gains in revenues, reducing total revenues by $1.1m in F2015, $388k in F2014, and $1m in F2013. Ci reported business activities (merchandising) net of expenses, reducing revenues and expenses by $275k in F2015, $367k in F2014 and $292k in F2013. Ci also adjusted administrative costs for amortization by ($50k) in F2015, ($43k) in F2014 and ($40k) in F2013.

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