Friends of The Moncton Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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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OVERVIEW
About Friends of The Moncton Hospital Foundation:
Friends of The Moncton Hospital Foundation is a 2-star charity. It has a below-average results reporting grade. It has large funding reserves of $26.8m that can cover granting at the F2022 level for 48 years. Before you give, read Charity Intelligence's report.
Friends of The Moncton Hospital Foundation (FMHF) raises funds to support healthcare and promote wellness at The Moncton Hospital. FMHF focuses on purchasing equipment, updating technology, and renovating spaces for the hospital.
In F2022, FMHF granted $551k to the Moncton Hospital. In F2021, the FMHF funded the purchase of an advanced Digital Slide Scanner. The Moncton Hospital is the first hospital laboratory in New Brunswick to acquire this technology. During F2021 construction on a new outdoor awning for the Dr. Sheldon H. Rubin Oncology Clinic finished thanks to funding from FMHF. FMHF also funded a new ultrasound and probes for the Operating Room. The ultrasound machine displays 3-D images of the kidneys on a high-resolution monitor during laparoscopic or minimally-invasive surgery.
In response to covid-19, in F2021 FMHF opened a covid-19 care fund. Money from this fund was used to purchase a Chest Compression System for the Emergency Department. It also funded the purchase of two phlebotomy chairs. Thanks to funding from the covid-19 care fund, the hospital purchased seven iPads with stands to allow patients to communicate with their families.
In F2021, construction began on a new maternity and newborn clinic. It is set to open in early 2023. A second capital project, a Coronary/Step-Down Unit, is scheduled to start in April 2022. It is set to be completed in March 2025.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on Friends of the Moncton Hospital Foundation's website. This may not be a complete representation of FMHF's results and impact.
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Finances
Friends of The Moncton Hospital Foundation recieved donations of $4.2m in F2022. Its administrative and fundraising costs were 27% of revenues. For every dollar donated, 73 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
FMHF's funding reserves of $26.8m can cover grants at the F2022 level for 49 years.
This charity report is an update that has been sent to Friends of The Moncton Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on July 26, 2022 by Emily Downing
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 27.2% | 22.4% | 27.5% |
| Total overhead spending | 27.2% | 22.4% | 27.5% |
| Program cost coverage (%) | 4,870.6% | 3,773.9% | 3,466.1% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 4,238,785 | 4,558,454 | 4,711,014 |
| Lotteries (net) | 306,487 | 226,008 | 144,600 |
| Business activities (net) | (5,598) | 44,519 | (91,121) |
| Investment income | 224,113 | 1,889,351 | (561,413) |
| Other income | 92,017 | 93,629 | 0 |
| Total revenues | 4,855,804 | 6,811,961 | 4,203,080 |
| Grants | 550,788 | 620,439 | 528,058 |
| Fundraising & administrative costs | 1,258,776 | 1,100,317 | 1,311,029 |
| Total spending | 1,809,564 | 1,720,756 | 1,839,087 |
| Cash flow from operations | 3,046,240 | 5,091,205 | 2,363,993 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 26,826,793 | 23,414,907 | 18,302,903 |
Note: Ci reported lottery revenue net of related expenses, decreasing both revenues and expense by ($36k) in F2020. Lottery income was reported net of related expenses in F2021 and F2022. Ci reported equity income from the charity’s investment in a subsidiary under net business activities. Endowed funds were not excluded from funding reserves because the charity did not disclose if they were internally- or externally-endowed funds.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (506) 857-5488