Overview
What is Hospital For Sick Children Foundation?
Hospital For Sick Children Foundation is a Canadian nonprofit organization, based in Toronto, Ontario, specifically at 525 University Ave Suite 835, with the postal code M5G 2L3. Their primary mission is to raise funds for The Hospital for Sick Children, supporting various initiatives such as research projects through case funding, physician and researcher grants, and international projects. Their work includes prioritizing the hospital's needs, including clinical projects and equipment purchases. Furthermore, they invest in training and education for fellows, professorships, and students, along with conferences, lectureships, and awards. By inspiring communities to contribute, Hospital For Sick Children Foundation plays a crucial role in advancing health and scientific discoveries to enhance the lives of children and their families in Canada and globally.
Official website here: www.sickkidsfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star Rating)
The Hospital For Sick Children Foundation has received a notable Four-Star rating from Charity Navigator, reflecting strong accountability and financial performance. The organization scored 93% in the Accountability & Finance category, indicating rigorous standards in governance and transparency. Key strengths include a fully independent board, effective financial oversight, and comprehensive conflict of interest policies.
With 70.45% of its expenses directed towards programs, the foundation demonstrates a commitment to using funds effectively for its mission. It also maintains a solid working capital ratio of 7.09 years, suggesting robust financial health and sustainability. The foundation emphasizes transparency with detailed reporting of CEO compensation and financial audits.
However, the foundation's fundraising efficiency ratio stands at $0.25, indicating that it spends a quarter of every dollar raised on fundraising efforts. While this is not uncommon within the nonprofit sector, it may be an area for future improvement to maximize the impact of donations. Overall, the foundation showcases exemplary governance and financial responsibility in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Hospital For Sick Children Foundation legitimate?
Hospital For Sick Children Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hospital For Sick Children Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,610,017
Professional Fundraising Fees: $6,966,718
Other Salaries and Wages: $20,578,958
For more financial information, click here
Official website here: www.sickkidsfoundation.com
What is the mission statement of Hospital For Sick Children Foundation?
The Hospital For Sick Children Foundation inspires communities to invest in health and scientific advances, with a focus on enhancing the well-being of children and their families, both in Canada and globally. By providing essential funding to The Hospital for Sick Children, the foundation supports various initiatives. These include annual grants for research projects, the purchase of medical equipment, and training and education for fellows, professors, students, and healthcare professionals. Additionally, the foundation contributes to international projects, enabling international fellows to train at The Hospital for Sick Children.
Official website here: www.sickkidsfoundation.com
Who is the CEO of Hospital For Sick Children Foundation?
Emily Pang is the Chief Executive Officer of Hospital For Sick Children Foundation. The CEO's salary of Hospital For Sick Children Foundation is $828,494 and their total compensation is $932,534.
Official website here: www.sickkidsfoundation.com
What is the revenue of Hospital For Sick Children Foundation?
Hospital For Sick Children Foundation's revenue in 2022 was $271,360,006.
Official website here: www.sickkidsfoundation.com
Who are the executives of Hospital For Sick Children Foundation and what are their salaries?
There 310 volunteers at Hospital For Sick Children Foundation.
Here are 54 key members and their salaries (Hospital For Sick Children Foundation's CEO's salary is $828,494 and their total compensation is $932,534):
- Compensation: $828,494
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- Other: $104,040
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Official website here: www.sickkidsfoundation.com
Where can I find the form 990 for Hospital For Sick Children Foundation?
Hospital For Sick Children Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sickkidsfoundation.com
Learn more at the official website: www.sickkidsfoundation.com
Mission Statement of Hospital For Sick Children Foundation
The Hospital for Sick Children Foundation, headquartered in Canada, is on a mission to inspire communities to invest in health and scientific advances that enhance the lives of children and their families, not just locally but globally. By providing a critical source of funding to The Hospital for Sick Children, this foundation plays a pivotal role in supporting various initiatives.
First and foremost, SickKids Foundation grants funds to the Hospital for Sick Children's SickKids Research Institute, which covers case funding and aids physicians and researchers in their pursuit of research grants. Additionally, the foundation prioritizes and funds projects identified by the Hospital, including clinical projects and the purchase of medical equipment. International projects and the training of international fellows to study at The Hospital for Sick Children are also within the foundation's purview.
Beyond financial support, SickKids Foundation invests in the education and training of Hospital fellows by funding professorships, bursaries, conference attendance, lectureships, and awards. These opportunities equip fellows with the knowledge and skills required to make significant strides in children's health and well-being.
In summary, the Hospital for Sick Children Foundation serves as a catalyst for health and scientific advancements that improve the lives of children and their families, both in Canada and around the world. Through strategic funding and educational initiatives, this organization is making a difference in the realm of pediatric healthcare.
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Impact
October, 2024
The Hospital For Sick Children Foundation plays a pivotal role in advancing the health and well-being of children and families both in Canada and globally. By providing essential funding to the Hospital for Sick Children, it underpins crucial research initiatives and supports the SickKids Research Institute, ensuring that innovative treatments and therapies are developed and available.
The Foundation's contributions include financing clinical projects that directly enhance patient care and purchasing vital medical equipment that aids in diagnosis and treatment. Through its annual grants, it empowers physicians and researchers in their quest for groundbreaking discoveries, thereby significantly impacting pediatric healthcare.
Moreover, the Foundation facilitates international collaboration by funding overseas fellows to train at the Hospital. This exchange of knowledge and expertise helps to improve health outcomes in various communities worldwide. In addition, it invests in training and education opportunities for hospital fellows and students, providing bursaries and supporting professional development through lectureships and conferences.
Overall, the Hospital For Sick Children Foundation serves as a catalyst for health innovations and improvements that benefit not only children in Canada but also those around the world, reinforcing its commitment to inspiring community investment in pediatric health.
This information is meant to be a general summary of Hospital For Sick Children Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $63,979,422
- Gross Receipts: $433,363,624
Assets and Liabilities:
- Total Assets: $1,413,653,877
- Total Liabilities: $23,284,321
- Net Assets: $1,390,369,556
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Organization Details
Founding Year
1972
Phone
(416) 813-6166Principal Officer
Emily Pang
Website
www.sickkidsfoundation.comNTEE Category
Code: P34Z - Human services
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