Saint John Regional Hospital Foundation

PO Box 2100, 400 University Avenue
Saint John, NB E2L 4L2
President & CEO: Jeff McAloon
Board Chair: James Gallagher

Charitable Reg. #:11913 2363 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

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

C-

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.

73%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.



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Programs

About Saint John Regional Hospital Foundation:

Founded in 1980, Saint John Regional Hospital Foundation (SJRHF) raises money for Saint John Regional Hospital and the wider Horizon Health Network in New Brunswick. The foundation works to improve the quality of healthcare in the province by funding capital equipment, patient comfort, research, medical education, and therapeutic programs.

Saint John Regional Hospital Foundation funds new equipment and renovations across the Horizon Health Network. In F2020, its equipment purchases included six new mattresses for palliative care, three new ultrasound machines, two adjustable examination tables, and an automated cell separator.

Through the GIVE funding campaign, the foundation is also working to raise $12 million over four years to renovate Clinic 1, the busiest clinic at Saint John Regional Hospital. SJRHF states that Clinic 1 has remained untouched since 1982. More than 40,000 patients receive care at the clinic each year, including 17,000 patients at the heart centre. In fall 2019, the foundation reported that it had nearly reached the halfway mark of its funding goal, and would begin construction in the following months.

Saint John Regional Hospital Foundation also provides funding for patient comfort, medical education events, and other health programs. In F2020, it purchased new infant toys and equipped nine palliative care units with cable service. During the year, it also held two major medical conferences: the NB Heart Centre Cardiovascular Symposium and the NB Professional Diabetes Educators Conference.

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Results and Impact

In F2020, SJRHF states that it entered phases two and three of its Transforming Access to Psychological Care research study. SJRHF helped to fund ten therapeutic programs across New Brunswick during the year, each focusing on socialization, physical wellness, and life skills.

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

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Finances

Saint John Regional Hospital Foundation is a Large charity with donations of $6.6m in F2020. It also received $1.3m in net lottery income, representing 19% of total revenues. Administrative costs are 10% of revenues (less investment income) and fundraising costs are 17% of donations. This results in total overhead spending of 27%. For every dollar donated to the foundation, 73 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.

SJRHF has $25.1m in funding reserves, of which $10.7m is donor-endowed. Excluding donor-endowed funds, the foundation could cover annual grant costs for around 4.6 years.

This charity profile is an update that has been sent to Saint John Regional Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on August 17, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
202020192018
Administrative costs as % of revenues 9.5%8.2%9.3%
Fundraising costs as % of donations 17.4%16.5%25.1%
Total overhead spending 26.9%24.6%34.4%
Program cost coverage (%) 457.1%321.5%253.0%

Summary Financial Statements

All figures in $000s
202020192018
Donations 6,6136,1124,160
Lotteries (net) 1,3491,1701,054
Investment income (843)1,279456
Total revenues 7,1198,5605,670
Grants 3,6874,7645,017
Administrative costs 758596483
Fundraising costs 1,1531,0061,044
Total spending 5,5986,3666,544
Cash flow from operations 1,5222,194(874)
Capital spending 410164
Funding reserves 25,09125,58723,531

Note: Ci included unrealized gains (losses) on investments, affecting total revenues by ($1.7m) in F2020, $429k in F2019, and ($278k) in F2018. Ci adjusted grants by changes in amounts due to Horizon Health Network. This affected grants and total expenses by ($259k) in F2020, $94k in F2019, and $1.2m in F2018. Ci removed amortization from administrative costs.

Salary Information

Full-time staff: 13

Avg. Compensation: $73,856

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
2
$80k - $120k
1
$40k - $80k
7
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

At the end of March 31, 2019, the Foundation had $4,926,829 in outstanding commitments included in our funding reserves that we expect to be disbursed within the next 12 months. When projects are granted the funds are committed/reserved until the purchase/implementation are complete and then the funds are released to the appropriate vendor. The commitments include the following initiatives; Clinic 1 Expansion $3,855,399, Research Projects $796,355, Pediatric Equipment $210,217, Mental Health Programs $31,529 and two oncology room enhancements $31,529.

Included in the Foundation’s funding reserves is $2,303,681 of unrealized gains from our investments that is not available to us for disbursement as well as a $700,000 operating reserve retained to ensure positive cash flow for our organization.  

Most of the $4.9M of designated funds in our funding reserves has been received from various donors for the purpose of supporting the Professional Development of our healthcare professionals from scientific exchange. While medical progress and the advancement of science depend on a number of factors, conferences organized by medical societies and related organizations are particularly crucial for encouraging scientific exchange. To contribute to the professional development of the healthcare professionals at the Saint John Regional Hospital, we create the opportunity for scientific exchange with this surplus by providing funding for conferences such as the annual symposium on current perspectives in Cardiovascular Disease , NB Hematology Day, NB Professional Diabetes Educators Conference and many more.  These surplus funds are designated for scientific exchange and approximately $2M a year is disbursed for the educational needs of our clinicians.

Charity Contact

Website: www.thegive.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 506-648-6400

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