CHU Dumont 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.
52%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 52 cents are available for programs.
My anchor
OVERVIEW
About CHU Dumont Foundation:
Dr. Georges-L.-Dumont Hospital Foundation (CHU Dumont Foundation) is a 1-star charity. It has a C- in results reporting and high overhead costs. The charity has $6.2m in funding reserves that can cover grants for over 7 years. Before you give, read Charity Intelligence’s report.
Founded in 1983, Dr. Georges-L.-Dumont Hospital Foundation (CHU Dumont Foundation) raises funds for Dr. Georges-L.-Dumont University Hospital Centre in Moncton, New Brunswick. The main granting areas are equipment, research, and lodging.
In F2021, equipment purchases made up 66% of total program spending. The grants allowed the hospital to purchase new devices for the Microbiology Lab, the Breast Health Centre, and the Mother-Child Care Unit. In F2021, new devices purchased included a pediatric bed, a vital sign monitor, and an adapted stretcher.
In F2021, research made up 27% of total program spending. The foundation supports research activities taking place in the Atlantic Cancer Research Institute (ACRI). It also funds the expansion of the Healthy Heart program which aims to improve cardiovascular health.
In F2021, lodging and patient experience made up the remaining 7% of total program spending. The funding supports the renovation of the Dr. Léon-Richard Oncology Centre, the Mgr. Henri-Cormier Lodge, the Surgical Suite for oncology patients, and two palliative care rooms to improve patient comfort, accessibility, and confidentiality. The foundation also supports the construction of a patio for geriatrics and palliative care patients.
My anchor
Results and Impact
In F2021, new devices purchased for the hospital include an adapted stretcher, a pediatric bed, and a vital sign monitor. The Dumont UHC hospital had 140,466 ambulatory visits, and 32,965 emergency room visits, with the support of 241 doctors and 2,263 employees. The hospital also provided accommodation for close to 2,000 people and 756 newborns.
My anchor
Finances
CHU Dumont Foundation received $2.0m in donations and special events revenue in F2021. Administrative costs were 29% of revenues (excluding investment income) and fundraising costs were 20% of donations. This resulted in overhead costs of 48%. For each $1 donated, 52 cents go to the cause. This is outside Charity Intelligence's reasonable range for overhead spending. The foundation has funding reserves of $6.2m, which could cover granting at the F2021 level for seven years.
This report is an update that has been sent to CHU Dumont Foundation. Changes and edits may be forthcoming.
Updated on July 5, 2022 by Lin Zhu.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 28.6% | 14.7% | 17.6% |
| Fundraising costs as % of donations | 19.9% | 18.4% | 20.0% |
| Total overhead spending | 48.5% | 33.1% | 37.6% |
| Program cost coverage (%) | 712.2% | 228.8% | 328.3% |
Summary Financial StatementsAll figures in $s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 593,331 | 1,366,069 | 1,153,570 |
| Government funding | 335,555 | 14,380 | 0 |
| Special events | 1,393,837 | 2,553,841 | 1,861,774 |
| Investment income | 138,420 | 95,837 | 136,481 |
| Other income | 14,241 | 12,458 | 0 |
| Total revenues | 2,475,384 | 4,042,585 | 3,151,825 |
| Grants | 865,681 | 2,555,985 | 1,753,902 |
| Administrative costs | 669,023 | 580,380 | 530,976 |
| Fundraising costs | 394,368 | 721,155 | 603,208 |
| Total spending | 1,929,072 | 3,857,520 | 2,888,086 |
| Cash flow from operations | 546,312 | 185,065 | 263,739 |
| Capital spending | 0 | 8,045 | 0 |
| Funding reserves | 6,165,002 | 5,846,810 | 5,758,699 |
Note: Ci reported income from special events as fundraising revenues, affecting revenues by $1.4m in F2021, $2.5m in F2020, and $1.9m in F2019. Ci considered salaries and benefits, advertising and promotion, office supplies and promotion, and travel expenses as admin costs. Ci also included grants in the calculation of total expenses.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
7 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
My anchor
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: 506-862-4285