Alzheimer Society of Canada
Toronto, ON M4R 1K8
CEO: Mimi Lowi-Young
Board Chair: John O'Keefe
Charitable Reg. #: 11878 4925 RR0001
Social Results Reporting
Grade: BThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Program Cost Coverage
Full-time staff #29
Avg. Compensation $89,069
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||4|
|$80k - $120k||5|
|$40k - $80k||0|
About Alzheimer Society of Canada:
Founded in 1978, the Alzheimer Society of Canada operates in Toronto, ON with provincial societies in communities across Canada. The charity improves the lives of Canadians affected by dementia, primarily by funding dementia research.
'Dementia' refers to a set of degenerative diseases affecting the brain. These diseases impair memory, thought process and speech to the point of preventing a person from performing their daily activities. Alzheimer's disease is the most common form of dementia. In Alzheimer's patients, proteins collect in the brain and form plaques that are toxic to surrounding brain cells. Globally, 47.5 million people are living with dementia. The estimated cost of dementia is $33 billion a year and is expected to reach $293 billion a year by 2040 if nothing changes.
The Alzheimer Society Research Program (ASRP) is one of the charity's major programs. It funds research projects looking into treatments for dementia, a possible cure for dementia, or improving quality of life for those living with dementia. In 2015, the ASRP gave $3.6 million to fund 40 research projects.
The Alzheimer Society of Canada also advocates for government policy changes to help Canadians affected by dementia. In 2014, the charity played a key role in starting the Canadian Consortium on Neurodegeneration in Aging – Canada's first national research program announced by the Federal Health Minister. This program brings the scientific community together in the study of degenerative brain diseases, their causes, new treatments and possible cures.
The Alzheimer Society of Canada is a big-cap charity that collected just over $12m in donations in 2015, down 17% from 2014. Administrative costs are 5% of revenue and fundraising costs are 35% of donations, meaning that $0.40 of every dollar donated is used to cover overhead expenses (Canadian average is $0.26). F2015 overhead costs fall just within a reasonable range, while F2014 and F2013 overhead costs are both well within acceptable limits. The $2m drop in donations from F2014 to F2015 increased the fundraising costs as a % of donations figure by 4%, explaining the increase in overhead spending for F2015.
Funding reserves total $9.8m and 11% are donor-endowed. The charity's reserves cover program costs 1.3 times when donor-endowed funds are excluded, indicating a need for donations.
This charity report is an update that is being reviewed by the Alzheimer Society of Canada. Changes and edits may be forthcoming.
Updated on May 17, 2016 by Katie Khodawandi.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||4.6%||3.9%||4.4%|
|Fundraising costs as % of donations||35.3%||31.4%||31.4%|
|Program cost coverage (%)||146.3%||151.6%||143.9%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(174)||1,772||1,290|