Alberta Cancer Foundation
Edmonton, AB T5J3H1
CEO: Myka Osinchuk
Board Chair: Angela Boehm
Charitable Reg. #: 11878 0477 RR0001
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #58
Avg. Compensation $103,540
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||2|
|$200k - $250k||2|
|$160k - $200k||3|
|$120k - $160k||3|
|$80k - $120k||0|
|$40k - $80k||0|
About Alberta Cancer Foundation:
Founded in 1985, Alberta Cancer Foundation (ACF) is the main fundraising organization for most of Alberta’s cancer centres. The charity’s mission is to make Alberta the leader in cancer research, prevention and care. For these purposes the foundation funds research to better understand the risk factors, improve screening methods and provide better treatments. It also allocates funds to improve care and wellness services for patients suffering from cancer. ACF reports 43 new cancer cases are diagnosed every day in Alberta.
In 2015, ACF allocated $16 million to cancer research and $5 million to treatment. Alberta Cancer Foundation gave out $6.9m to Alberta Health Services, $4.7m to University of Calgary and $4.0m to University of Alberta funding research in immunotherapy, head and neck cancer, and lung cancer. ACF also funded a 6 years, $5m Tomorrow Project to use 50,000 biological samples to understand the root causes of cancer, and a 7 years, $9.9m project on advanced prostate screening.
Alberta Cancer Foundation reports its research funding has saved 600 lives. In 2015, key research results are ACF-funded researchers made new discoveries in lymphoma and prostate cancer treatments. Dr. John Lewis at the University of Alberta discovered a new biomarker to predict prostate cancer recurrence in treated patients. His research team recruited 889 patients for the clinical trial and started treatment on 700 patients. Dr. Douglas Stewart from the University of Calgary found that stem cell treatments improved survival rates for lymphoma patients from 45% to 65%.
Alberta Cancer Foundation is one of Canada’s Major 100 charities with F2015 donations of $22.2m. Total overhead costs are 49% exceeding Ci’s reasonable range. The average for total overhead costs for Canadian charities is 26%. ACF has funding reserves of $154.6m, including $38m in donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover annual program costs 6.6 times, up from 3.7 times in F2013.
For every dollar donated, 27 cents go towards research. ACF spends 74% of its program costs on research allocations.
This charity report is an update that is being reviewed by Alberta Cancer Foundation. Changes and edits may be forthcoming.
Updated on June 1st, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||48.7%||49.0%||47.0%|
|Program cost coverage (%)||833.6%||641.5%||520.6%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||8,988||8,754||11,777|
|Fundraising & administrative costs||16,350||15,050||14,866|
|Cash flow from operations||11,832||6,226||4,054|