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CHU Dumont Foundation

330, avenue Université
Moncton, NB E1C 2Z3
Executive Director: Jacques B. LeBlanc
Board Chair: René Collette

Charitable Reg. #: 89127 5141 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Results Reporting

Grade: D+

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

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #9

Avg. Compensation $57,501

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 6
< $40k 2
Information from most recent CRA Charities Directorate filings for F2016

About CHU Dumont Foundation:

Founded in 1983, CHU Dumont Foundation raises funds to benefit patients of the Dr. Georges-L.-Dumont University Hospital Centre. The hospital is a 302-bed facility, located in Moncton, New Brunswick, that provides primary, specialized, and tertiary (more complex) health care services. The hospital is a provincial referral centre for its specialized services. As a teaching and research facility, it nurtures close partnerships with universities and colleges in the country.

Since the foundation’s founding, it has raised over $49m. In 2016, its distributions to the hospital have consisted of: 63% to equipment purchases, 28% to research, and 9% to its lodge, a 65-bed facility open to cancer patients from outside the Moncton area.

Financial Review:

CHU Dumont Foundation is a medium-sized charity with $3.6m in donations and special events fundraising in F2016. Administrative costs were 14% of revenues and fundraising costs were 15% of donations. For each $1 donated, 70 cents go to the cause. This falls within Charity Intelligence's reasonable range for overhead spending. The foundation has funding reserves of $4.3m, which cover annual program costs 2.0 times.

The foundation reported two lotteries in its annual report: an employee lottery and a lottery with the Friends of Moncton Hospital Foundation. The revenues and expenses relating to its employee lottery were both disclosed in its annual report and net proceeds are reported below. CHU Dumont Foundation only reported net proceeds of $356k for the joint lottery. As such, revenues and expenses from this are reported under special events, in accordance with its appearance in the audited financials.

This report is an update that is being reviewed by CHU Dumont Foundation. Changes and edits may be forthcoming.

Updated on June 6, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 14.3%12.6%16.9%
Fundraising costs as % of donations 15.3%12.9%18.0%
Program cost coverage (%) 201.6%192.1%305.6%

Summary Financial Statements

All figures in $s
Donations 1,298,3431,060,246562,135
Lotteries (net) 83,15383,37890,195
Special events 2,312,7162,470,6751,996,551
Investment income 17,153123,60150,247
Total revenues 3,711,3653,737,9002,699,128
Grants 2,146,8122,375,3871,232,631
Administrative costs 528,460453,523447,466
Fundraising costs 553,109456,761460,885
Cash flow from operations 482,984452,229558,146
Funding reserves 4,326,9204,563,3413,766,609
Note: Lottery revenues and related expenses were detailed in the charity's annual report but included under special events and fundraising in the audited financials. Ci reallocated net lottery profit into lotteries and removed the revenues/costs from special events/fundraising. As such, special events decreased by $113k in F2016, $112k in F2015, and $119k in F2014. Fundraising costs decreased by $30k in F2016, $28k in F2015 and $29k in F2014.

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