United Way of Greater Moncton and Southeastern New Brunswick Region
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.
B
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.
92%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.
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OVERVIEW
About United Way of Greater Moncton and Southeastern New Brunswick Region:
United Way of Greater Moncton and Southeastern New Brunswick is a 4-star charity. It has an average results reporting grade, reasonable overhead costs, and is financially transparent. With its current reserves the charity can cover two months of annual program costs.
Founded in 1953, United Way of Greater Moncton and Southeastern New Brunswick (UWM) aims to create strong communities in Southeastern New Brunswick by working with children and helping people overcome poverty. In F2022, UWM invested in 25 programs delivered by its 24 community partners. UWM reports that over 62,000 lives are directly impacted and many more are indirectly changed due to its charitable programs.
Community Initiatives received 36% of program costs and grants disbursements in F2023. Community Initiatives involve Peer Supported Housing, YOU Turns, Day of Caring initiative, 211 NB, Communities Building Youth Futures initiative, Community Inclusion Network, and agency workshops and training. UWM currently owns five and manages six Peer Supported Housing buildings. The buildings provide affordable housing to those in need. The charity also reports that over 132,000 people have used 211 NB to find help.
In F2023, the charity disbursed 23% of program spending through the Community Services Recovery Fund. This is a government-funded program to support charities. UWM granted to 24 partner agencies through this program.
In F2023, the All That Kids Can Be program received 17% of program and grants disbursements. This program helps children from early childhood up to when they turn into adults. In F2022, UWM reports that 4,586 children and youth were connected to supportive adults, and that 476 youths had access to mental health care from counsellors.
The Poverty to Possibility program received 6% of program and grants disbursements. The program aims to move people out of poverty by giving them access to basic human needs and giving them essential skills for employment. The charity reports that in F2023, it helped 2,518 people move from Poverty to Possibility.
The remaining amount went to Seniors’ Meal Program (8%), Community Development (7%), and Ukrainian grants dispersed (3%). In F2023 the Seniors’ Meal Program distributed ten meals a week to around 300 low-income seniors. Community Development involves helping UWM’s stakeholders and partners with social planning, research, evaluation, advocacy and engagement. In F2023, UWM dispersed $151k designated to helping Ukrainian refugees settling in Greater Moncton and Southeastern New Brunswick.
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Results and Impact
In F2023, UWM reports that 3,503 children and youths acquired skills and assets they needed to handle life’s challenges, and that 631 youths reported increased use of positive coping skills learned in therapy and increased school attendance. The charity also states that 960 participants reported that they are no longer in an abusive relationship due to the reduction of barriers and effects of poverty.
While Ci highlights these key results, they may not be a complete representation of United Way of Greater Moncton and Southeastern New Brunswick’s results and impact. This charity is not yet rated for impact (n/r).
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Finances
United Way of Greater Moncton and Southeastern New Brunswick received total donations of $4.1m in F2023. The charity also received $2.1m in government funding (32% of total revenues).
Administrative and fundraising costs are 8% of total revenues excluding investment income. This results in total overhead spending of 8%. For every dollar donated, 92 cents are available for programs. This is within Ci’s reasonable range for overhead spending.
In F2023 the charity spent $2.9m on its programs (46% of total revenues excluding donor-designated donations) and $2.7m on its grants (43%) for a total of 89%. The charity had a surplus of $196k.
UWM has $875k in net reserve funds ($1.7m in cash and investments less $782k in bank debt). The charity’s reserve funds can cover two months of annual program costs.
This charity report is an update that has been sent to United Way of Greater Moncton and Southeastern New Brunswick for review. Changes and edits may be forthcoming.
Updated on August 17, 2024 by Alessandra Castino.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
---|---|---|---|
Fundraising & admin costs as % of revenues | 8.2% | 9.5% | 9.7% |
Total overhead spending | 8.2% | 9.5% | 9.7% |
Program cost coverage (%) | 15.7% | 15.4% | 54.0% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 4,071 | 3,566 | 2,855 |
Government funding | 2,085 | 989 | 802 |
Fees for service | 61 | 56 | 43 |
Investment income | 52 | 10 | 1 |
Other income | 243 | 19 | 12 |
Total revenues | 6,511 | 4,640 | 3,714 |
Program costs | 2,882 | 2,226 | 1,334 |
Grants | 2,693 | 1,631 | 1,152 |
Donor-designated donations | 213 | 232 | 213 |
Fundraising & administrative costs | 528 | 440 | 361 |
Total spending | 6,315 | 4,529 | 3,060 |
Cash flow from operations | 196 | 111 | 654 |
Capital spending | 0 | 650 | 516 |
Funding reserves | 875 | 595 | 1,343 |
Note: DEFERRED REVENUES: Ci adjusted for deferred donations affecting revenues by $202k in F2023, ($100k) in F2022, and $118k in F2021. DEFERRED CAPITAL CONTRIBUTIONS: Ci included received capital contributions and removed amortization of deferred capital contributions related to the Peer Supported Housing. This affected total revenues by $nil in F2023, $284k in F2022, and $324k in F2021. PEER SUPPORTED HOUSING: Ci included revenues related to Peer Supported Housing, increasing total revenues by $856k in F2023, 761k and F2022, and $515k in F2021. Ci included expenses related to Peer Supported Housing, increasing total expenditures by $840k in F2023, $745k in F2022, and $504k in F2021. PLEDGES RECEIVABLE: Ci adjusted for pledges receivable, affecting total donations by ($98k) in F2023, ($1k) in F2022, and ($12k) in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
8 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Comment left in relation to the 2024 profile:
United Way of Greater Moncton and Southeastern New Brunswick has changed lives since 1953 by moving people and families from poverty to possibility and by helping kids be all they can be. As stewards of the community, the organization takes accountability and transparency very seriously: they are accredited with Imagine Canada, member of United Way Canada and show consistenly full reporting of their financials and community impact. They work closely with and have partnerships with all three levels of government as well as the non profit and private sectors. They run and lead community initiatives such as Seniors' Meal Program and Peer Supported Housing, reinvest and fund other impact organizations in Southeastern New Brunswick, and convene key partners and stakeholders to tackle complex, unignorable issues. Through their community leadership, involvement, investment and initiatives, United Way of Greater Moncton and Southeastern New Brunswick changed more than 62,000 lives.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 506-858-8600