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

Donor Accountability

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #31

Avg. Compensation $93,748

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 7
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Alzheimer Society of Canada:

Founded in 1978, Alzheimer Society of Canada operates in Toronto, ON. It has provincial societies in communities across Canada. The charity funds dementia research and works on improving public policy for those affected by dementia.

Dementia is the umbrella term for a set of degenerative diseases affecting the brain.  These diseases impair memory, thought process and speech, thus preventing a person from performing their daily activities. Alzheimer’s disease is the most common form of dementia.

Globally, 47.5 million people live with dementia. Alzheimer Society of Canada estimates a cost of $33 billion a year associated with dementia in Canada. The charity estimates that this will grow to reach $293 billion a year by 2040 if current trends continue.

Alzheimer Society Research Program (ASRP) is one of the charity’s major programs. It funds research projects seeking treatments and possible cures for dementia. Many of the research projects aim to improve the quality of life for those affected by dementia. In 2016, the ASRP gave $3.4 million to fund 35 research projects.

Alzheimer Society of Canada also supports government policy changes to help Canadians affected by dementia. In 2014, the charity helped to start 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.

Alzheimer Society of Canada has not posted a recent annual report since March 2015.

Financial Review:

The Alzheimer Society of Canada is a big-cap charity that collected almost $12m in donations in F2016. Administrative costs are 7% of revenue and fundraising costs are 40% of donations. For every $1 donated, 53 cents go towards the cause. This falls outside of Charity Intelligence’s reasonable range of 65-95 cents.

Funding reserves total $11.9m and donor-endowed funds represent 8.3% of this amount. Excluding donor-endowed funds, the charity’s reserves cover program costs 1.5 times. This means that the charity has enough funds to cover a year and a half of program costs.

This charity report is an update that is currently under review by Alzheimer Society of Canada. Changes and edits may be forthcoming.

Updated on May 15, 2017 by Juliana Badovinac.

 

Financial Ratios

Fiscal year ending March
201620152014
Administrative costs as % of revenues 6.8%4.6%3.9%
Fundraising costs as % of donations 40.4%35.3%31.4%
Program cost coverage (%) 151.1%146.3%151.6%

Summary Financial Statements

All figures in $000s
201620152014
Donations 11,98312,04514,441
Government funding 79510526
Investment income 402411817
Other income 1079782
Total revenues 13,28712,65815,366
Program costs 3,0833,0342,738
Grants 4,8203,6664,422
Administrative costs 881559562
Fundraising costs 4,8444,2474,535
Other costs 7,1321,4111,336
Cash flow from operations (7,473)(257)1,772
Funding reserves 11,9409,80310,855
Note: The Alzheimer Society of Canada includes $7.1m of new flow to partners as an expense in F2016, $1.4m in F2015, and $1.3m in F2014. Charity Intelligence backed this amount out of total expenses.

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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