St. Joseph's Healthcare Foundation, Hamilton
Hamilton, ON L8P 3A9
President & CEO: Sera Filice-Armenio
Board Chair: Ben De Rubeis
Charitable Reg. #: 11918 3549 RR0001
Grade: B-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #20
Avg. Compensation $97,328
Top 10 Staff Salary Range
|$300k - $350k||1|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||6|
|$40k - $80k||1|
About St. Joseph's Healthcare Foundation, Hamilton:
Founded in 1970, St. Joseph’s Healthcare Foundation Hamilton is the fundraising organization for the teaching hospital St. Joseph’s Healthcare Hamilton. The foundation’s mission is to “raise and steward funds to support exemplary patient care, research and education at St. Joseph’s Healthcare Hamilton and in the communities we are honoured to serve.”
St. Joseph’s Healthcare Foundation Hamilton’s four main programs are: equipment (52% of annual grants), research (42%), programs (6%), and education (1%). In F2016, the foundation purchased four new fetal heart monitors, an ultrasound machine, and a new CT scanner that increases the range of procedures the hospital can perform. The foundation also funded research into schizophrenia and women’s health, and supported programs at St. Joe’s Youth Wellness Centre to help youth and young adults living with mental illness and addiction.
Also in F2016, St. Joseph’s Healthcare Hamilton opened the Boris Family Centre for Interventional Radiology and Oncology. The foundation claims that the new minimally-invasive technology at this facility will allow for a 51-92% reduction in complication rates, a 56-82% reduction in mortality rates, a 60-84% reduction in the length of hospital stays, and a 32-56% reduction in costs.
St. Joseph’s Healthcare Foundation Hamilton is a big-cap charity with $9.0m in donations and special events revenues in F2016. Its administrative costs are 26% of revenues and its fundraising costs are 10% of donations. For every dollar donated, 64 cents go towards the foundation’s programs, falling just outside of Ci’s reasonable range. The foundation has total funding reserves of $32.2m, resulting in a program cost coverage ratio of 297%. This means that the foundation can cover just under 3 years of its annual program costs using its existing reserves.
This charity report is an update that is being reviewed by St. Joseph’s Healthcare Foundation Hamilton. Changes and edits may be forthcoming.
Updated June 30, 2017 by Kevin Silberberg.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||26.2%||21.3%||25.0%|
|Fundraising costs as % of donations||9.9%||10.4%||12.0%|
|Program cost coverage (%)||297.3%||511.5%||369.9%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(5,131)||4,850||1,494|