Saint John Regional Hospital Foundation

400 University Avenue
Saint John, NB E2L 4L2
Board Chair: Jason Downey
CEO: Jeff McAloon

Charitable Reg. #: 11913 2363 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social Results Reporting

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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #9

Avg. Compensation $84,731

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 0
$40k - $80k 5
< $40k 2
Information from most recent CRA Charities Directorate filings for F2015

About Saint John Regional Hospital Foundation:

Founded in 1980, the Saint John Regional Hospital Foundation raises funds to support the Saint John Regional Hospital, the largest healthcare provider in the province of New Brunswick. The foundation's mission is to fundraise for excellence and innovation by supporting projects that are beyond the scope of government funding. The foundation's fundraising efforts are guided by 5 pillars: capital equipment, mental health, research, education, and bringing comfort to patients. In F2015, the foundation granted a total of $2.5m to the Saint John Regional Hospital: $1.6m to capital equipment, $229k to patient care and comfort, $271k to scholarships and bursaries, $163k to medical conferences and education, $158k to research, and $96k to mental health programs.

Financial Review:

In F2015, the Saint John Regional Hospital Foundation spent 17% of revenues on administrative costs and 7% of donations on fundraising costs. Total overhead costs of 23% fall within Ci's reasonable range. The charity has funding reserves of $29m, which can cover annual grants and programs for 8.6 years.

Analysis updated by Ruoxi Gao in 2016, currently under review by the Saint John Regional Hospital Foundation.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 16.8%21.5%11.5%
Fundraising costs as % of donations 6.5%1.4%1.1%
Program cost coverage (%) 855.3%1,389.2%725.4%

Summary Financial Statements

All figures in $000s
Donations 3,2613,5323,946
Lotteries (net) 1,140895882
Investment income 2,0721,8531,329
Total revenues 6,4736,2796,157
Program costs 792523486
Grants 2,5481,3292,656
Administrative costs 738952555
Fundraising costs 2135045
Cash flow from operations 2,1823,4262,415
Funding reserves 28,56525,72622,788
Note: Ci included unrealized gain in investment income, raising total revenue by $1.4m in F2015, $1.2m in F2014, and $802k in F2013.

Comments added by the Charity:

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