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.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 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 26 programs delivered by its 25 community partners.
Community Initiatives received 43% of program costs and grants disbursements in F2022. Community Initiatives involve the Day of Caring initiative, Peer Supported Housing, Community Inclusion Network, the Our Food SENB project and agency workshops and training. Day of Caring is a program where teams of volunteers complete hands-on projects that benefit the community. In the F2022 Day of Caring, 51 projects were completed across Southeastern New Brunswick. UWM currently owns five and manages six Peer Supported Housing buildings. The buildings provide affordable housing to those in need.
In F2022, the All That Kids Can Be program received 24% of program and grants disbursements. This program helps children from early childhood up to when they turn into adults. UWM partners with youth charities including YOU Turns, All Star Coaches, Youth First, and Everything Early. In F2022, UWM reports that 4,589 children and youth acquired the skills and assets they need to handle life challenges and 4,728 children and youth were connected to supportive adults.
The Poverty to Possibility program received 8% 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 F2022, it helped 647 people move from Poverty to Possibility. It also helped 180 people dealing with homelessness, poverty, mental health and substance abuse know where to go in the community to get help.
The remaining amount went to Community Development (10%), Ukrainian grants dispersed (10%) and the Seniors’ Meal program (5%). Community Development involves helping UWM’s stakeholders and partners with social planning, research, evaluation, advocacy and engagement. In F2022, UWM raised and dispersed $387k designated to helping Ukrainian refugees settling in Greater Moncton and Southeastern New Brunswick. In F2022 the Seniors’ Meal Program distributed ten meals a week to 115 low-income seniors.
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Results and Impact
In F2022, UWM helped 4,728 children and youth connect to supportive adults, and provided mental health services to 476 youth. UWM reports that over 17,000 lives are directly impacted and many more are indirectly changed due to its charitable programs.
The charity reports that in F2022, through its drug intervention program, 73 young people decreased or abstained from their drug use, and 54 young people obtained employment. It also reports that 127 individuals in vulnerable circumstances (including homelessness) improved their overall health because they could access medical and other resources.
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 $3.9m in F2022. Administrative and fundraising costs are 10% of total revenues. This results in a total overhead spending of 10%. For every dollar donated, 90 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
In F2022, UWM had $595k in net reserve funds. These include $1.4m in cash and investments and $812k 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 June 28, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
---|---|---|---|
Fundraising & admin costs as % of revenues | 9.5% | 9.7% | 7.0% |
Total overhead spending | 9.5% | 9.7% | 7.0% |
Program cost coverage (%) | 15.4% | 54.0% | 30.5% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 3,851,545 | 3,191,463 | 3,014,370 |
Government funding | 705,359 | 477,744 | 2,202,835 |
Fees for service | 55,578 | 43,175 | 68,716 |
Investment income | 9,715 | 1,487 | 4,332 |
Other income | 18,991 | 12,161 | 21,395 |
Total revenues | 4,641,188 | 3,726,030 | 5,311,648 |
Program costs | 2,225,598 | 1,333,925 | 2,733,482 |
Grants | 1,631,287 | 1,152,205 | 1,039,015 |
Donor-designated donations | 231,836 | 212,796 | 339,471 |
Fundraising & administrative costs | 440,243 | 361,080 | 371,314 |
Total spending | 4,528,964 | 3,060,006 | 4,483,282 |
Cash flow from operations | 112,224 | 666,024 | 828,366 |
Capital spending | 650,000 | 515,934 | 179,066 |
Funding reserves | 594,696 | 1,343,262 | 1,151,958 |
Note: Ci adjusted for deferred contributions and deferred capital contributions, affecting revenues by $184k in F2022, $442k in F2021, and $562k in F2020. Ci included revenues related to Peer Supported Housing, increasing total revenues by $761k and F2022, $515k in F2021, and $357k in F2020. Ci excluded amortization of deferred capital contributions related to the Peer Supported Housing. Ci included expenses related to Peer Supported Housing, increasing total expenditures by $745k in F2022, and $504k in F2021, and $312k in F2020. The charity's average compensation based on reported information is in conflict with its reported top 10 staff salary ranges.
Salary Information
$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 F2022
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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: 506-858-8600