Alzheimer Society of Canada

20 Eglinton Ave. W., 16th Floor
Toronto, ON M4R 1K8
CEO: Ronan Ryan
Board Chair: Kevin O'Shea

Charitable Reg. #:11878 4925 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

B

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

65%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 65 cents are available for programs.

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OVERVIEW

About Alzheimer Society of Canada:

Founded in 1978, Alzheimer Society of Canada (ALZH) funds research and provides support services for people living with dementia and Alzheimer’s disease. Dementia refers to a series of chronic nervous system diseases that impair memory, thought processes, and speech. Alzheimer’s disease is the most common form of dementia. Alzheimer Society of Canada states that more than 500,000 Canadians are living with dementia and around 25,000 new cases are diagnosed each year. The charity’s national branch is based in Toronto and coordinates ten provincial societies across Canada. The provincial charities work together towards the common goal of a world without dementia.

Alzheimer Society of Canada runs two main programs: Research and Services.

Research: This program represented 66% of annual program spending in F2021. The Alzheimer Society Research Program (ASRP) is the charity’s main focus. Through this program, ALZH funds research projects seeking treatments and possible cures for dementia. Many researchers also aim to improve the quality of life for those affected by dementia. In F2019, the ASRP funded 20 research projects. This included two projects on causes of dementia, three on new treatments, three on diagnosis, six on improving patient care, three on prevention, and two on therapy methods.

Services: Services accounted for 34% of program spending in F2021. ALZH offers various resources and services to people with dementia. In 2018, the charity distributed nearly 1.5 million resources to provincial or local Alzheimer Societies that delivered services directly. These services include First Link and Minds in Motion. First Link is a program that connects people diagnosed with dementia to local support services and resources. Minds in Motion is a community-based program that encourages physical activity and mental stimulation for people with early signs of dementia. As of 2019, there were 40 Minds in Motion locations across Canada. 

Alzheimer Society of Canada decided not to publish a 2020 Annual Report due to covid-19. The profile and results reporting score therefore reflects data found in ALZH's 2019 Annual Report.

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Results and Impact

Alzheimer Society of Canada is a founding partner of the Canadian Consortium for Neurodegeneration in Aging (CCNA). In 2019, the CCNA had over 350 researchers aiming to accelerate progress on Alzheimer’s disease research. It had also established 20 research teams, published findings in 100 scientific journals, and created a national patient cohort of over 2,000 Canadians for research purposes.

While Ci highlights these key results, they may not be a complete representation of Alzheimer Society of Canada’s results.

Charity Intelligence has not assessed impact on ALZH. This shows as n/r, meaning not rated.

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Finances

Alzheimer Society of Canada received donations of $16.5m in F2021. ALZH also received $10.8m from provincial partner charities (included in Other income below), representing 36% of revenues. Administrative costs are 3% of revenues (less investment income) and fundraising costs are 32% of donations. This results in total overhead spending of 35%. For every dollar donated to the charity, 65 cents go to the cause. This is within Ci’s reasonable range for overhead spending. 

Alzheimer Society of Canada has $17.5m in total funding reserves, $1.1m of which is donor-endowed. Excluding donor-endowed funds, ALZH's funding reserves can cover around 2.6 years of program and grant costs. 

This charity report is an update that has been sent to ALZH for review. Changes and edits may be forthcoming. 

Updated on July 20, 2021 by Rachel Leteta. 

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 2.7%1.8%2.6%
Fundraising costs as % of donations 32.0%29.7%29.3%
Total overhead spending 34.6%31.5%31.9%
Program cost coverage (%) 257.9%160.8%218.8%

Summary Financial Statements

All figures in $000s
202120202019
Donations 16,54616,51217,789
Government funding 6561140
Investment income 1,221(379)408
Other income 11,21711,1959,147
Total revenues 29,64127,44227,344
Program costs 2,2063,2452,657
Grants 4,2044,0723,575
Donor-designated donations 14,09516,30314,104
Administrative costs 766497687
Fundraising costs 5,2864,9005,218
Total spending 26,55829,01626,240
Cash flow from operations 3,083(1,574)1,104
Capital spending 455214
Funding reserves 17,48212,67514,470

Note: Ci included unrealized gains (losses) in investments, affecting total revenues by ($54k) in F2021, ($697k) in F2020, and ($98k) in F2019. Ci included contributions from provincial partner charities in other revenue, and adjusted the amounts by accounts receivable from partners. This affected total revenues by $371k in F2021, ($163k) in F2020, and $1.8m in F2019. Revenue and expenses attributed to direct mail and the Walk for Alzheimer’s were reported as net figures on the charity's income statement in F2019. Ci reported these items as gross figures, affecting total revenues and fundraising costs by $4.4m in F2019. Endowment contributions were included as revenue items, affecting revenues by $10k in F2021, $100k in F2020, and $10k in F2019. Ci included research funding in grants and adjusted for changes in grants payable. This affected total expenses by $389k in F2021, $313k in F2020, and ($254k) in F2019. Ci included grants designated for partner charities as donor-designated grants, and adjusted by changes in amounts payable to partners. This affected total expenses by ($1.4m) in F2021, $1.0m in F2020, and $1.2m in F2019. Ci removed amortization on a pro-rata basis from program, administrative, and fundraising costs. The charity's F2021 T3010 is not yet available, thus adjustments may need to be made once it is posted. Compensation information reflects the most recent information available in the charity's F2020 T3010 filing.

Salary Information

Full-time staff: 25

Avg. compensation: $95,669

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
1
$120k - $160k
0
$80k - $120k
7
$40k - $80k
1
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.alzheimer.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-488-8772

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Charitable Registration Number: 80340 7956 RR0001