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.
60%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 60 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 with an average results reporting grade. The charity is financially transparent and has high overhead costs.
Founded in 1967, Heart and Stroke Foundation of New Brunswick (HSFNB) works to prevent heart disease and improve care for stroke survivors. This charity is one branch of the Heart and Stroke Foundation Canada which works across the whole country. HSFNB provides additional support for New Brunswick. Currently, over 700 cardiac arrests happen in New Brunswick each year. HSFNB teaches people how to assist during a cardiac arrest to make these attacks less deadly.
Heart and Stroke Foundation of New Brunswick has two main programs: Health Promotion, and Medical Research & Facilities.
In F2022, HSFNB allocated 74% of program ($2.2 million) to Health Promotion. This program helps raise awareness about heart disease and stroke. It runs public education campaigns to decrease risk factors for heart disease. Within this program, HSFNB runs multiple government-funded initiatives: Stroke Navigation, Live Well, New Brunswick School Food, and New Brunswick Anti-Tobacco Coalition. HSFNB also leads First Aid & CPR training sessions and distributes information booklets. In F2022, HSFNB reached over 100 schools with Health Promotion programs. It also taught 2,302 First Aid & CPR courses with an average of 900 people each month.
Medical Research and Facilities received 26% of program spending $821,000 in F2022. HSFNB sent $509,918 to the national research program at Heart and Stroke Foundation Canada. It also gave grants of $40,000 to Dr. Jean-François Légaré and Dr. Tyson MacCormack to advance research on heart disease.
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Results and Impact
Heart and Stroke Foundation of New Brunswick has placed 488 AEDs around the province since founding in 1967. These defibrillators have helped save 21 lives so far.
Many of HSFNB’s Health Promotion programs have received positive feedback. Stroke Navigation led to a 50% increase in people’s understanding of risk factors. After Live Well, 75% of clients felt that they had learned how to set realistic health goals. For NB School Food program, 100% of participants felt it helped them make healthy decisions. Overall, after HSFNB’s education program, 8 in 10 New Brunswickers now know to call 911 when a stroke occurs.
While Ci highlights these key results, they may not be a complete representation of Heart and Stroke Foundation of New Brunswick’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Heart and Stroke Foundation of New Brunswick had donations and special events revenue of $3.3m in F2022. It got $914k in government funding in F2022, that is 20% of revenues. Administrative costs are 9% of revenues and fundraising costs are 32% of donations. This adds up to total overhead costs of 40%. For every dollar donated, 60 cents go to the cause. This is outside of Ci’s reasonable range for overhead spending.
HSFNB has $5.0m in reserve funds, of which $1.7m is donor endowed. Excluding donor-endowed funds, the charity could cover annual program costs for around 13 months.
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 June 7, 2023 by Clive Stevens.
Financial Review
Fiscal year ending August
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.8% | 7.2% | 4.7% |
| Fundraising costs as % of donations | 31.6% | 33.4% | 28.6% |
| Total overhead spending | 40.4% | 40.6% | 33.4% |
| Program cost coverage (%) | 105.7% | 131.4% | 123.1% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 990,214 | 1,039,717 | 1,566,476 |
| Government funding | 913,803 | 1,908,086 | 2,923,739 |
| Special events | 2,327,971 | 1,140,325 | 532,766 |
| Investment income | 10,399 | 159,428 | 42,528 |
| Other income | 237,208 | 187,989 | 85,138 |
| Total revenues | 4,479,595 | 4,435,545 | 5,150,647 |
| Program costs | 2,712,706 | 2,772,351 | 2,205,575 |
| Administrative costs | 393,904 | 308,259 | 242,149 |
| Fundraising costs | 1,047,999 | 727,279 | 601,136 |
| Total spending | 4,154,609 | 3,807,889 | 3,048,859 |
| Cash flow from operations | 324,986 | 627,656 | 2,101,788 |
| Capital spending | 18,567 | 137,379 | 10,774 |
| Funding reserves | 4,976,447 | 5,186,876 | 3,965,756 |
Note: To report on a cash basis, Ci adjusted donations by changes in deferred revenue from non-government sources. This affected revenues by ($16k) in F2022, $25k in F2021, and $nil in F2020. Ci also adjusted donations by changes in deferred revenue from government sources. This was for the four government funded programs at HSFNB: Live Well, Stroke Navigator, NBATC, and NB School Food. This affected revenues by ($244k) in F2022, ($243k) in F2021, and $1.5m in F2020. Ci included government funding reported under the total revenue line for COVID-19 Wage Subsidies and government funded programs. This increased total revenues by $1.2m in 2022, $2.2m in F2021, and $1.4m in F2020. Ci adjusted for unrealized gain (loss) on investment, affecting revenues by ($55k) in F2022, $86k in F2021, and ($45k) in F2020. Endowment contributions were included in Canadian donations, increasing revenues by $20k in F2022, $145k in F2021, and $245k in F2020. Amortization was taken out of program, administrative and fundraising costs on a pro-rata basis. Program costs pertaining to government managed programs, were reported in program costs. Administrative expenses for the government managed programs were accounted for as administrative costs as well.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
1 |
$40k - $80k |
8 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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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