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Friends of the Moncton Hospital Foundation

135 MacBeath Avenue
Moncton, NB E1C 6Z8
President & CEO: Linda Saunders
Board Chair: David Savoie

Website: www.friendsfoundation.ca
Charitable Reg. #: 11893 3134 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: C+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2016 2017 2018
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #9

Avg. Compensation $68,590

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 5
< $40k 3
Information from most recent CRA Charities Directorate filings for F2017

About Friends of the Moncton Hospital Foundation:

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 F2018, Friends of The Moncton Hospital Foundation granted $2.0m to the hospital. Its grants have fluctuated, from as high as $5.6m in F2014 to as low as $805k in F2016. Funds raised in the foundation’s F2018 campaign were used to purchase equipment, including an O-Arm so neurosurgeons can see three-dimensional images of the spine while performing surgery, as well as five newborn beds for the Labour and Birthing Unit.

Results and Impact: Over 10,000 surgeries performed yearly in the hospital use minimally invasive techniques. Friends of the Moncton Hospital Foundation states in its 2018 Your Gifts at Work report that the hospital’s investment in modern technology and equipment involved in these surgical techniques has attracted three surgeons within a year.

Financial Review:

Friends of The Moncton Hospital Foundation is a medium-sized charity with donations of $2.7m in F2018. Its administrative and fundraising costs were 42% of revenues less investment income. For every dollar donated, 58 cents go to the cause, falling outside of Ci’s reasonable range for overhead spending. FMHF has total funding reserves of $14.2m that can cover its program costs for 7.1 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 August 17, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March
201820172016
Fundraising & admin costs as % of revenues 42.3%42.4%40.7%
Program cost coverage (%) 711.0%858.8%1,600.4%

Summary Financial Statements

All figures in $s
201820172016
Donations 2,668,1152,378,8812,385,688
Lotteries (net) 72,652169,827251,133
Business activities (net) 252,248187,338170,500
Investment income 512,767783,413(11,656)
Total revenues 3,505,7823,519,4592,795,665
Program costs 000
Grants 1,997,3731,611,065805,105
Fundraising & administrative costs 1,264,9791,159,9791,143,410
Cash flow from operations 243,430748,415847,150
Funding reserves 14,200,23213,835,69412,884,619
Note: Ci reported lottery revenue net of related expenses, decreasing both revenues and expense by $36k in F2018, $38k in F2017, and $85k in F2016. 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.

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