Friends of the Moncton Hospital Foundation
Moncton, NB E1C 6Z8
Executive Director: Linda Saunders
Board Chair: Paul Arsenault
Charitable Reg. #: 11893 3134 RR0001
Grade: CThe 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 #5
Avg. Compensation $59,429
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||4|
About Friends of the Moncton Hospital Foundation:
Founded in 1967, Friends of the Moncton Hospital Foundation (FMHF) raises funds to support healthcare and promote wellness at Moncton Hospital. FMHF primarily focuses on purchasing state-of-the-art equipment and machines for the hospital. The foundation reports that doctors base 70% of decisions regarding patient treatment on laboratory test results, which places an increased emphasis on the quality of technology at the laboratory.
In F2015, Friends of the Moncton Hospital Foundation allocated $4.2m to the hospital. Together with the Province of New Brunswick, it funded the new Oncology Clinic, which opened doors in November 2015. It granted money for a new Youth Wellness Unit, which provides mental support to youth under the age of 17. The foundation supported renovations at the hospital’s Geriatric Clinic. The clinic assesses and treats seniors for potential diseases to increase the quality of their lives. FMHF invested in a new machine, FibroScan that offers an alternative treatment to liver biopsy. It also spent $200k on Bacteria Identification Technology to help laboratory staff provide faster diagnosis, speeding up treatment times at the hospital.
Friends of the Moncton Hospital Foundation is a Mid-Cap charity. It received donations of $2.8m in F2015. Total overhead costs come to 27%, falling within Ci’s reasonable range. FMHF has total funding reserves of $13.3m that can cover its program costs for 3.2 years. Excluding donor-endowed funds of $6.7m, funding reserves can cover program costs for 1.7 years.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on July 12th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||26.8%||37.0%||26.4%|
|Program cost coverage (%)||316.0%||233.4%||676.6%|
Summary Financial StatementsAll figures in $s
|Fundraising & administrative costs||804,667||946,318||905,290|
|Cash flow from operations||(913,531)||(2,917,196)||936,646|