Alzheimer Society of Canada

20 Eglington Ave. West, Suite 1600
Toronto, ON M4R 1K8
CEO: Mimi Lowi-Young
Board Chair: John O'Keefe

Website: www.alzheimer.ca
Charitable Reg. #: 11878 4925 RR0001
Sector: Health
Operating Charity

Social Results Reporting

Grade: B

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 #29

Avg. Compensation $89,069

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 0
$120k - $160k 4
$80k - $120k 5
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

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.

Financial Review:

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 Ratios

Fiscal year ending March
201520142013
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 Statements

All figures in $000s
201520142013
Donations 12,04514,44112,287
Government funding 105260
Investment income 495817510
Other income 978259
Total revenues 12,74215,36612,857
Program costs 3,0342,7382,825
Grants 3,6664,4223,707
Administrative costs 559562544
Fundraising costs 4,2474,5353,862
Other costs 1,4111,336629
Cash flow from operations (174)1,7721,290
Funding reserves 9,80310,8559,397

Comments added by the Charity:

Why donating to the Alzheimer Society of Canada makes sense

The Alzheimer Society of Canada is the national voice for the 747,000 Canadians living with dementia and we advocate on their behalf to make dementia a national priority. We work with politicians, policy makers and other community and health care organizations to advocate for change in legislation, policies and programs at all levels of government.

The Alzheimer Society funds research to determine the causes of dementia as well as identify new prevention, diagnosis and treatment methods. Our funded research also explores ways to improve the care and quality of life of those living with the disease.   We support promising researchers starting out in their careers and help established researchers to continue their important work. We also partner extensively with other research funding bodies to make our donor dollars go farther.

As of 2014, the Alzheimer Society Research Program (ASRP) has funded over $43 million in grants and awards since its inception in 1989. Expert researchers review each application to ensure that we fund the most promising research.

By 2031, an estimated 1.4 million Canadians will have dementia. Yet, research shows that too many Canadians are unfamiliar with the warning signs and others wait too long before getting a diagnosis. We need to change this. The Alzheimer Society promotes public education and awareness of Alzheimer’s disease and other dementias to ensure people know where to turn for help.

The Alzheimer Society is active in communities right across Canada, offering information, support and education programs for people with dementia, their families and caregivers.  In 2013-14, the Alzheimer Society of Canada distributed almost 1.4 million brochures, booklets and information sheets to local Alzheimer Societies to allow them to directly help Canadians.  Every day, thousands of Canadians turn to the web portal at www.alzheimer.ca to find comprehensive information in English and French about Alzheimer’s disease and other forms of dementia, how to live well with dementia, and how to find help near them such as individual and family support and support groups for caregivers.

The Society relies on the generosity of individuals, the community and partnerships to carry out our vital work. To learn more about our work in Canada, please visit www.alzheimer.ca.

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