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Heart & Stroke
Life. We don't want you to miss it.
Health
Ottawa, ON

Heart and Stroke Foundation of New Brunswick

580 Main Street, Suite B210
Saint John, NB E2K 1J5
CEO: Kurtis Sisk
Board President: Mary McKenna

Website: www.heartandstroke.ca
Charitable Reg. #: 11924 6940 RR0001
Sector: Health
Operating Charity

Donor Accountability

Grade: B-

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

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #20

Avg. Compensation $46,099

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 F2017

About Heart and Stroke Foundation of New Brunswick:

Heart and Stroke Foundation of New Brunswick (HSFNB) works to help people live free from heart disease and stroke through preventing the disease, saving lives, and promoting recovery. A Canadian dies every eight minutes from heart disease or stroke. Risk factors for heart disease and stroke include obesity and high blood pressure, both of which occur at a higher rate in New Brunswick than in Canada as a whole. HSFNB is the only provincial foundation of Heart and Stroke that operates separately from Heart and Stroke Canada.

In F2017, HSFNB allocated $1.1 million to health promotion, representing 61% of program spending. More than 4,000 high school students and 14,000 New Brunswickers were trained in CPR, defibrillator use, and general emergency lifesaving techniques. HSFNB has designated six elementary schools as ‘heart healthy’ for making healthy choices accessible and popular among students. In F2017, the charity funded its 400th publicly accessible defibrillators.  

Heart and Stroke Foundation of New Brunswick pushes for policy changes to improve the health of New Brunswickers. It advocates for tobacco control and is calling for an additional tax on sugary drinks.

In F2017, HSFNB allocated 39% of program spending to medical research. Dr. Petra Kienesberger was granted $100,000 for her research in how excess body fat weakens the heart.

Results and Impact: Heart and Stroke Foundation of New Brunswick reports that in F2017 its defibrillators were used to save the lives of five people. Since the charity first funded defibrillators, its machines have saved 14 lives.  

Financial Review:

Heart and Stroke Foundation of New Brunswick is a medium-sized charity, with donations and special events revenue of $3.1m in F2017. Administrative costs are 8% of revenues and fundraising costs are 33% of donations. For every $1 donated, 59 cents go to the cause, falling outside Ci’s reasonable range for overhead spending. HSFNB has $1.6m in funding reserves, of which $534k is donor-endowed. Excluding donor-endowed funds, the charity could cover program costs for seven months using funding reserves.

This charity report is an update that has been sent to Heart and Stroke Foundation of New Brunswick for review. Changes and edits may be forthcoming.

Updated on August 3, 2018 by Madison Kerr.

Financial Ratios

Fiscal year ending August
201720162015
Administrative costs as % of revenues 7.8%8.8%7.4%
Fundraising costs as % of donations 33.1%35.7%32.2%
Program cost coverage (%) 89.6%91.3%72.1%

Summary Financial Statements

All figures in $s
201720162015
Donations 1,451,4331,333,4221,395,899
Special events 1,615,5801,357,5241,592,230
Investment income 54,08529,24815,181
Other income 134,278137,53370,941
Total revenues 3,255,3762,857,7273,074,251
Program costs 1,792,3561,719,0931,947,736
Administrative costs 250,715248,941225,794
Fundraising costs 1,016,337960,035962,081
Cash flow from operations 195,968(70,342)(61,360)
Funding reserves 1,605,0251,570,2201,404,568
Note: Ci has adjusted for unrealized gain (loss) on investment and loss on disposal of investments, affecting revenues by $44k in F2017, $12k in F2016, and ($6k) in F2015.

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