Hospital For Sick Children Foundation
- Assets
- $1.4b
- Revenue
- $271.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 05/1998
- Data as of
- 03/2022
- EIN
- 98-0183325
Organization Overview
Hospital For Sick Children Foundation, operating under the name SickKids Foundation, is located in null. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. SickKids Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, SickKids Foundation generated $271.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $200.5m during the year ending 03/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO INSPIRE OUR COMMUNITIES TO INVEST IN HEALTH AND SCIENTIFIC ADVANCES TO IMPROVE THE LIVES OF CHILDREN AND THEIR FAMILIES IN CANADA AND AROUND THE WORLD. SICKKIDS FOUNDATION PROVIDES A CRITICAL SOURCE OF FUNDING TO THE HOSPITAL FOR SICK CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SICKKIDS FOUNDATION PROVIDES A CRITICAL SOURCE OF FUNDING TO THE HOSPITAL FOR SICK CHILDREN. THROUGH OUR ANNUAL GRANT TO THE HOSPITAL, WE SUPPORT: SICKKIDS RESEARCH INSTITUTE, COVERING CASE FUNDING AND SUPPORTING PHYSICIANS AND RESEARCHERS WHO COMPETE FOR RESEARCH GRANTS. PRIORITIES IDENTIFIED BY THE HOSPITAL, INCLUDING CLINICAL PROJECTS AS WELL AS THE PURCHASE OF MEDICAL EQUIPMENT. INTERNATIONAL PROJECTS IDENTIFIED BY THE HOSPITAL, INCLUDING THE FUNDING OF INTERNATIONAL FELLOWS TO TRAIN AT THE HOSPITAL FOR SICK CHILDREN. TRAINING AND EDUCATION FOR THE HOSPITAL FELLOWS, PROFESSORSHIPS, STUDENTS, BURSARIES, CONFERENCE ATTENDANCE, LECTURESHIPS, AND AWARDS.
THROUGH OUR NATIONAL INITIATIVES, SICKKIDS FOUNDATION PROVIDES FUNDING FOR CHILD HEALTH RESEARCHERS ACROSS CANADA TO STRENGTHEN CANADA'S KNOWLEDGE AND CAPACITY TO RESPOND TO CHILDREN'S HEALTH CHALLENGES AND NEEDS.
OTHER GRANTS IN SUPPORT OF PEDIATRIC RESEARCH AND CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Garrard Chief Executive Officer | Officer | 40 | $828,494 |
Kevin Goldthorp President And Chief Development Officer | Officer | 40 | $668,532 |
Emily Pang Chief Operating Officer And Secretary | Officer | 40 | $406,994 |
Neeraj Mathur Vice President | Officer | 40 | $378,170 |
Seanna Millar Senior Vice President | Officer | 40 | $366,008 |
Heather Clark Senior Vice President | Officer | 40 | $338,573 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cossette Communication Inc Marketing, Seasonal, Lottery | 3/30/22 | $4,198,482 |
Omd Canada Marketing | 3/30/22 | $8,642,569 |
Rafflemanagement Group Lottery | 3/30/22 | $2,480,632 |
Globalfaces Direct Door To Door Fundraising | 3/30/22 | $2,299,199 |
The Events Movement Canada Inc Great Cycle Challenge | 3/30/22 | $3,621,563 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,223,299 |
| Membership dues | $0 |
| Fundraising events | $12,159,856 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,057,529 |
| Noncash contributions included in lines 1a–1f | $16,834,448 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,440,684 |
| Total Program Service Revenue | $0 |
| Investment income | $24,505,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,473,681 |
| Net Income from Fundraising Events | $4,994,337 |
| Net Income from Gaming Activities | $8,468,486 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,360,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $139,637,945 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,610,017 |
| Compensation of current officers, directors, key employees. | $4,610,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,578,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,687,474 |
| Payroll taxes | $1,646,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $396,031 |
| Fees for services: Accounting | $87,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,966,718 |
| Fees for services: Investment Management | $5,788,837 |
| Fees for services: Other | $4,424,301 |
| Advertising and promotion | $7,949,183 |
| Office expenses | $934,686 |
| Information technology | $1,451,618 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $754,023 |
| Insurance | $18,551 |
| All other expenses | $3,416,795 |
| Total functional expenses | $200,523,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,150 |
| Savings and temporary cash investments | $18,153,197 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,790,616 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,560,238 |
| Net Land, buildings, and equipment | $1,197,200 |
| Investments—publicly traded securities | $1,379,950,476 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,413,653,877 |
| Accounts payable and accrued expenses | $13,276,169 |
| Grants payable | $7,468,999 |
| Deferred revenue | $2,539,153 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,284,321 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,390,369,556 |
| Total liabilities and net assets/fund balances | $1,413,653,877 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hospital For Sick Children Foundation has recieved totaling $175,000.
| Awarding Organization | Amount |
|---|---|
The Matthew Larson Foundation For Pediatric Brain Tumors Franklin Lakes, NJ PURPOSE: MEDL RESEARCH | $100,000 |
The Matthew Larson Foundation For Pediatric Brain Tumors Franklin Lakes, NJ PURPOSE: MEDL RESEARCH | $75,000 |
Endowment Analysis
| Beg. Balance | $1,085,919,322 |
| Earnings | -$4,752,005 |
| Net Contributions | $27,452,079 |
| Ending Balance | $1,108,619,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnardos | $288,688,252 | $389,353,992 |
Hospital For Sick Children Foundation | $1,413,653,877 | $271,360,006 |
Ezer Mizion | $69,658,173 | $147,674,800 |
Israel Elwyn | $54,224,116 | $55,011,577 |
Yad Sarah | $162,830,000 | $33,717,000 |