Alzheimer Society of Canada
Toronto, ON M4R 1K8
CEO: Mimi Lowi-Young
Board Chair: John O'Keefe
Charitable Reg. #: 11878 4925 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
Cents to The Cause
Full-time staff #31
Avg. Compensation $93,748
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||7|
|$40k - $80k||0|
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.
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 RatiosFiscal year ending March
|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 StatementsAll figures in $000s
|Cash flow from operations||(7,473)||(257)||1,772|