Friends of The Moncton Hospital Foundation

135 MacBeath Avenue
Moncton, NB E1C 6Z8
President & CEO: Greg King
Board Chair: Ryan Dillon

Charitable Reg. #:11893 3134 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C-

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.

73%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.



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OVERVIEW

About Friends of The Moncton Hospital Foundation:

Friends of The Moncton Hospital Foundation is a 2-star charity. It has a below-average results reporting grade. It has large funding reserves of $26.8m that can cover granting at the F2022 level for 48 years. Before you give, read Charity Intelligence's report.

Friends of The Moncton Hospital Foundation (FMHF) raises funds to support healthcare and promote wellness at The Moncton Hospital. FMHF focuses on purchasing equipment, updating technology, and renovating spaces for the hospital.  

In F2022, FMHF granted $551k to the Moncton Hospital. In F2021, the FMHF funded the purchase of an advanced Digital Slide Scanner. The Moncton Hospital is the first hospital laboratory in New Brunswick to acquire this technology. During F2021 construction on a new outdoor awning for the Dr. Sheldon H. Rubin Oncology Clinic finished thanks to funding from FMHF. FMHF also funded a new ultrasound and probes for the Operating Room. The ultrasound machine displays 3-D images of the kidneys on a high-resolution monitor during laparoscopic or minimally-invasive surgery. 

In response to covid-19, in F2021 FMHF opened a covid-19 care fund. Money from this fund was used to purchase a Chest Compression System for the Emergency Department. It also funded the purchase of two phlebotomy chairs. Thanks to funding from the covid-19 care fund, the hospital purchased seven iPads with stands to allow patients to communicate with their families.

In F2021, construction began on a new maternity and newborn clinic. It is set to open in early 2023. A second capital project, a Coronary/Step-Down Unit, is scheduled to start in April 2022. It is set to be completed in March 2025.

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Results and Impact

Charity Intelligence did not find any quantified outcomes on Friends of the Moncton Hospital Foundation's website. This may not be a complete representation of FMHF's results and impact.

 

 
 

 

 
 

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Finances

Friends of The Moncton Hospital Foundation recieved donations of $4.2m in F2022. Its administrative and fundraising costs were 27% of revenues. For every dollar donated, 73 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

FMHF's funding reserves of $26.8m can cover grants at the F2022 level for 49 years.

This charity report is an update that has been sent to Friends of The Moncton Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on July 26, 2022 by Emily Downing

Financial Review


Financial Ratios

Fiscal year ending March
202220212020
Fundraising & admin costs as % of revenues 27.2%22.4%27.5%
Total overhead spending 27.2%22.4%27.5%
Program cost coverage (%) 4,870.6%3,773.9%3,466.1%

Summary Financial Statements

All figures in $s
202220212020
Donations 4,238,7854,558,4544,711,014
Lotteries (net) 306,487226,008144,600
Business activities (net) (5,598)44,519(91,121)
Investment income 224,1131,889,351(561,413)
Other income 92,01793,6290
Total revenues 4,855,8046,811,9614,203,080
Grants 550,788620,439528,058
Fundraising & administrative costs 1,258,7761,100,3171,311,029
Total spending 1,809,5641,720,7561,839,087
Cash flow from operations 3,046,2405,091,2052,363,993
Capital spending 000
Funding reserves 26,826,79323,414,90718,302,903

Note: Ci reported lottery revenue net of related expenses, decreasing both revenues and expense by ($36k) in F2020. Lottery income was reported net of related expenses in F2021 and F2022. Ci reported equity income from the charity’s investment in a subsidiary under net business activities. Endowed funds were not excluded from funding reserves because the charity did not disclose if they were internally- or externally-endowed funds.

Salary Information

Full-time staff: 9

Avg. compensation: $83,514

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
0
$80k - $120k
3
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.friendsfoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (506) 857-5488

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Charitable Registration Number: 80340 7956 RR0001