Alzheimer Society of Ontario

20 Eglinton Ave. W., 16th floor
Toronto, ON M4R 1K8
CEO: Chris Dennis
Board Chair: Rosemary Corbett

Website: www.alzheimer.ca
Charitable Reg. #: 11878 4842 RR0001
Sector: Health
Operating Charity

Charity Rating

[Charity Rating: 4/4]

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 #23

Avg. Compensation $74,957

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 2
$80k - $120k 4
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Alzheimer Society of Ontario:

Founded in 1983, the Alzheimer Society of Ontario (ALZO) is one of thirteen provincial Alzheimer Societies working with the national Alzheimer Society of Canada toward a common goal of a world without dementia. ALZO runs care and education programs for people affected by dementia and funds research projects studying treatments and cures for the disease.

Most of the Alzheimer Society of Ontario's program spending goes to funding dementia research through the national Alzheimer Society Research Program (ASRP). The program receives funding from all provincial Alzheimer Societies, the national Alzheimer Society and outside donors. ASRP gives grants to research projects that either study treatments and cures for dementia or investigate issues that lower the quality of life for people affected by dementia. In 2015, ASRP gave out 40 grants and awards nationally. ALZO's website provides background information for 18 researchers in Ontario that received funding from ASRP.

The Alzheimer Society of Ontario works with the provincial government and advocates for better support services and policies for people living with dementia and their families. Together, the Ontario Government and ALZO are developing an Ontario Dementia Strategy. To contribute to creating the strategy, ALZO reports that its Dementia Champions advocacy program reached 107 members of provincial parliament in 2015.

BrainXchange is another major program run by the Alzheimer Society of Ontario. The program connects researchers, educators, care providers and policy workers so that they can share and access all existing knowledge on dementia. ALZO believes that this 'knowledge exchange and transfer' approach improves healthcare and caregiver practices, policy-making decisions and research approaches so that people affected by dementia can receive better help.

Financial Review:

Alzheimer Society of Ontario is a Big-Cap charity with total donations of $6.2m in F2015. Administrative costs are 11% of revenues and fundraising costs are 6% of donations, which combined fall within Ci's reasonable range for overhead spending.

Funding reserves of $6.1m can cover 78% of annual program costs.

This charity report is an update that is currently being reviewed by the Alzheimer Society of Ontario. Changes and edits may be forthcoming.

Updated on June 15, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 11.2%9.4%8.4%
Fundraising costs as % of donations 6.1%8.2%7.7%
Program cost coverage (%) 77.8%76.9%70.0%

Summary Financial Statements

All figures in $000s
201520142013
Donations 6,1536,2617,133
Government funding 1,5991,057815
Investment income 358425228
Other income 3350138
Total revenues 8,1437,7928,315
Program costs 3,1912,7232,095
Grants 4,6874,4014,708
Administrative costs 875690682
Fundraising costs 377515552
Other costs 58520
Cash flow from operations (1,045)(542)258
Funding reserves 6,1315,4794,762
Note: Ci did not include deferred program revenue recognized of $1.6m in F2015 and $1.2m in F2014 in revenues. Government funding of $1.6m in F2015 and $1.1m in F2014 was gathered from the charity’s T3010 CRA filing and backed out of donations. Grants of $815k reported in the audited financial statements in F2013 matches government funding on the T3010 and is included in government funding. Amortization of capital assets has been backed out of administrative costs.

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