New Brunswick Museum

277 Douglas Avenue
Saint John, NB E2K 1E5
CEO: Jane Fullerton
Board Vice-Chair: Madame Louise Imbeault

Website: www.nbm-mnb.ca
Charitable Reg. #: 10808 9921 RR0001
Sector: Arts & Culture
Operating Charity

Social Results Reporting

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 ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #22

Avg. Compensation $61,390

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 9
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About New Brunswick Museum:

Founded in 1929, New Brunswick Museum (NBM) is New Brunswick's provincial museum that engages people, contributing to the knowledge and understanding of the province's culture and natural environment. NBM partners with institutions and communities to collect, preserve, research and interpret materials. NBM aims to foster a greater understanding and appreciation of New Brunswick provincially and globally.

NBM houses approximately 46,500 monographs, 35,000 images in its historical photograph collection, 500 periodical titles related to natural sciences, New Brunswick history, shipping and the fine decorative arts, 125,000 artifacts across multiple disciplines and 360,000 natural science specimens in Gesner's Museum of Natural History. NBM conducts several programs and events for schools, families, adults and youth.

Financial Review:

New Brunswick Museum is a small-cap charity, with donations of $399k in F2014. The charity does not explicitly report its administrative costs in its audited financial statements. The charity's fundraising costs are 21% of donations. For every $1 donated to the charity, 79 cents is put towards its programs, falling within Ci's reasonable range. The charity's funding reserves of $2.5m include $1.7m in donor-endowed funds. This results in a program cost coverage ratio, excluding donor-endowed funds, of 26%. This means that the charity can cover 3 months of its annual programs using its existing reserves. The charity does not report the value of its collection in its audited financial statements.

This charity report is an update that is being reviewed by New Brunswick Museum. Changes and edits may be forthcoming.

Updated on August 19, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending March
201420132012
Fundraising costs as % of donations 21.3%23.4%29.2%
Program cost coverage (%) 78.8%59.2%60.5%

Summary Financial Statements

All figures in $s
201420132012
Donations 398,573258,061280,160
Government funding 2,765,4912,790,8892,695,918
Fees for service 108,367108,228111,986
Business activities (net) 97,08885,11062,849
Investment income 63,98359,65160,521
Total revenues 3,433,5023,301,9393,211,434
Program costs 3,136,9573,096,3692,972,110
Grants 3,0004,0003,000
Fundraising costs 84,86960,27281,715
Cash flow from operations 208,676141,298154,609
Funding reserves 2,474,4161,833,7761,799,914
Note: Ci has adjusted amortization affecting expenses by ($23k) in F2014, by ($33k) in F2013, and by ($31k) in F2012.

Comments added by the Charity:

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