Heart and Stroke Foundation of New Brunswick
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.
B-
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.
61%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 61 cents are available for programs.
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OVERVIEW
About Heart and Stroke Foundation of New Brunswick:
Heart and Stroke Foundation of New Brunswick is a 3-star charity. It has a B- Results Reporting grade which is below average. The charity’s overhead costs are outside of Ci’s reasonable range. Its reserves can cover program costs for one year and six months, which is within Ci’s reasonable range.
Founded in 1966, Heart and Stroke Foundation of New Brunswick (HSFNB) promotes healthy habits to prevent heart disease and stroke, improves emergency responses to heart attacks, and helps stroke victims in their recovery. Heart failure is the third leading cause of hospital admissions. Nine in ten Canadians have at least one risk factor for heart disease and stroke. The charity runs six programs: health promotion, research, Live Well, Stroke Navigator, AED subsidies, and Smoke and Vape Free NB. HSFNB spent $3.8m on its programs in the fiscal year ending in August (F2024).
Health promotion received 44% ($1.7m) of program spending in F2024. The program aims to educate people on healthy habits and how to perform CPR. It runs a subprogram, Heart Healthy Schools, that motivates students to live an active lifestyle through more outdoor play and gym time. In F2024, 11,497 students participated in Heart Healthy Schools across the province. It gave 3,583 CPR courses to 17,864 people in F2024. HSFNB hosts an annual stroke conference and an annual heart conference. It brings together healthcare professionals (physicians, nurses, and pharmacists) to explore strategies to treat heart failure and strokes. In F2024, 779 healthcare workers attended the stroke conference and 224 healthcare workers attended the heart conference.
Live Well received 23% ($865k) in program spending in F2024. The program helps people in New Brunswick meet their health goals with the help of a professional health coach. The charity did not report quantified outputs or beneficiary numbers in F2024.
Research received 22% ($828k) of program spending in F2024. In 2020, HSFNB partnered with New Brunswick Health Research Foundation to co-fund two $40k projects annually. Researchers must apply for funding, and in F2024, the charity funded Dr. Keith Brunt and Dr. Myles O’Brien. Dr. Brunt studied a condition linked to heart damage and higher mortality rates, and Dr. O’Brien studied how resistance band exercises and increased movement can reduce hospital stays. HSFNB contributes to the Heart and Stroke Foundation’s national research program. The charity states its total research investment was $480k, but it does not report where the other $348k of F2024 research spending went.
Stroke Navigator received 5% ($188k) of program spending in F2024. The program helps patients transition back into the community after experiencing a stroke. In F2024, the charity supported 150 patients across New Brunswick.
AED subsidies received 3% ($113k) of program spending in F2024. HSFNB covers AED-related costs for organizations. In F2024, it subsidized AEDs for 32 organizations.
Smoke and Vape Free received 2% ($75k) of program spending in F2024. The program ended in December 2024, and the charity did not report on it.
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Results and Impact
At HSFNB’s heart conference, 100% of participants gained valuable knowledge, and 98% felt inspired to enhance their clinical practices. Stroke Navigator improved 66% of the program’s clients’ ability to prevent a secondary stroke. Since the start of the AED subsidy program in 2014, the devices have helped save 26 lives. While Ci highlights these results, they may not completely reflect HSFNB’s results and impact.
Heart and Stroke Foundation of New Brunswick is not yet rated on impact (n/r). This does not affect the star rating.
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Finances
HSFNB’s audited financial statements follow activity-based costing, which is a best practice. The charity received $913k in donations and $2.3m in special events, which together is 53% of revenue. It received $2.1m in government funding and $391k in investment income.
HSFNB spent $3.8m on its programs in F2024, which is 63% of revenue. It ran a surplus of $846k, which is 14% of revenue. The charity spent $1.0m on fundraising (32% of donations) and spent $389k on administration which is 7% of revenue (less investment income). For every dollar donated to the charity, 61 cents are available to go to the cause. This is outside of Ci’s reasonable range.
HSFNB has $7.4m in its reserves (cash and investments). $1.8m of these funds are donor endowed. Excluding donor-endowed funds, the charity’s reserves can cover program costs for one year and six months, which is within Ci’s reasonable range.
Updated on June 25, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.
Financial Review
Fiscal year ending August
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 6.9% | 6.4% | 9.0% |
Fundraising costs as % of donations | 31.8% | 20.6% | 32.0% |
Total overhead spending | 38.8% | 26.9% | 41.0% |
Program cost coverage (%) | 152.2% | 138.9% | 105.7% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 913 | 2,632 | 950 |
Government funding | 2,113 | 1,163 | 914 |
Special events | 2,291 | 1,924 | 2,328 |
Investment income | 391 | 138 | 50 |
Other income | 309 | 183 | 237 |
Total revenues | 6,017 | 6,040 | 4,480 |
Program costs | 3,762 | 3,517 | 3,221 |
Administrative costs | 389 | 375 | 397 |
Fundraising costs | 1,020 | 938 | 1,049 |
Total spending | 5,171 | 4,830 | 4,667 |
Cash flow from operations | 846 | 1,210 | (188) |
Capital spending | 8 | 48 | 19 |
Funding reserves | 7,404 | 6,449 | 4,976 |
Note: 1. Ci adjusted for deferred funding which affected revenue by $671k in F2024, $205k in F2023, and $16k in F2022. 2. Ci included unrealized gains on investments which affected investment income by $110k in F2024, ($70k) in F2023, and ($55k) in F2022. 3. Ci included endowment contributions received during the year which affected donations by $70k in F2023, and $20k in F2022. 4. Ci adjusted for deferred endowment income which affected revenue by $20k in F2024, and ($7k) in F2023.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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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: 506-634-1620