Heart and Stroke Foundation of New Brunswick

133 Prince William Street, 5th floor
Saint John, NB E2L 2B5
CEO: Kurtis Sisk
Board President:  Fred  Welsford

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

Donor Accountability

Grade: C+

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 available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #19

Avg. Compensation $53,139

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 2
$40k - $80k 7
< $40k 1
Information from most recent CRA Charities Directorate filings for F2014

About Heart and Stroke Foundation of New Brunswick:

The Heart and Stroke Foundation of New Brunswick (HSNB) works to reduce the impact of heart disease and stroke through the advocacy, the advancement of research, and the promotion of healthy living. It is the only provincial division of the Heart and Stroke Foundation that remains separate from the national organization. Over the past 34 years, HSNB has allocated over $24m to various research and health promotion initiatives, for the benefit of all New Brunswickers.

Advocacy at the HSNB takes place on many levels, from working with healthcare professionals to encourage them to use and study new aspects of heart and brain healthcare, to working with organizations in promoting healthy lifestyles. In recent years, HSNB has funded a range of 12 research projects contributing to enhanced treatment of heart disease and stroke. Lastly, recognizing prevention and healthy lifestyles as the key to reducing the impact of heart disease and stroke, HSNB offers programs like Jump Rope for Heart and Hearts in Motion walking program.

Financial Review:

In F2014, HSNB's administrative costs were 7% of revenues, while fundraising costs were 39% of donations. HSNB has funding reserves of $1.6m, which cover 83% of annual program costs.

This charity report is an update that is being reviewed by HSNB. Changes and edits may be forthcoming.

Updated on August 24, 2015 by Rohan Bhargava

Financial Ratios

Fiscal year ending August
Administrative costs as % of revenues 7.2%6.1%6.4%
Fundraising costs as % of donations 38.9%30.9%29.9%
Program cost coverage (%) 83.2%70.4%78.1%

Summary Financial Statements

All figures in $s
Donations 902,1131,085,4851,104,974
Special events 1,838,6641,895,2381,787,442
Investment income 76,50175,54151,110
Total revenues 2,817,2783,056,2642,943,526
Program costs 1,885,4151,983,2302,109,818
Administrative costs 197,498180,464185,339
Fundraising costs 1,066,258922,378864,760
Cash flow from operations (331,893)(29,808)(216,391)
Funding reserves 1,568,7291,396,3141,646,976
Note: Financial statements for the charity were obtained from CRA directly and were without financial notes.

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