Alberta Cancer Foundation

710 - 10123 99 St NW
Edmonton, AB T5J 3H1
CEO: Myka Osinchuk
Board Chair: Thomas Hodson

Website: www.albertacancer.ca
Charitable Reg. #: 11878 0477 RR0001
Sector: Health - Cancer
Public Foundation

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

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #59

Avg. Compensation $102,381

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 2
$200k - $250k 3
$160k - $200k 3
$120k - $160k 2
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Alberta Cancer Foundation:

Founded in 1985, Alberta Cancer Foundation (ACF) is the main fundraising organization for Alberta’s 17 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 2016, ACF allocated $15.2 million to cancer research and $4.8 million to treatment. Major projects funded by the Alberta Cancer Foundation are $5.4 million in immunotherapy, $2.9 million in colorectal cancer and $2.5 million towards lung cancer screening. ACF also funded a 6-year, $5m Tomorrow Project to use 50,000 biological samples to understand the root causes of cancer.

Alberta Cancer Foundation reports its research funding has saved 600 lives. The Foundation supports every single clinical trial which takes place in Alberta. It reports that within the coming year, more than 40 clinical trials are expected to open in Alberta with 600 patients taking part.

Financial Review:

Alberta Cancer Foundation is one of Canada’s Major 100 charities with F2016 donations and special events revenue of $27.3m. The charity does not report fundraising and administrative costs separately in its audited financial statement. Together, they were 51% of revenues in F2016. For every dollar donated, 49 cents goes to the cause, falling outside of Ci’s reasonable range for overhead costs. The average for total overhead costs for Canadian charities is 26%. ACF has funding reserves of $152.6m, including $43m in donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover program costs for 6.1 years.

For every dollar donated, 38 cents go towards research. ACF spends 77% 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 6st, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending March
201620152014
Fundraising & admin costs as % of revenues 50.5%48.7%49.0%
Program cost coverage (%) 763.8%833.6%641.5%

Summary Financial Statements

All figures in $000s
201620152014
Donations 19,75222,15319,605
Government funding 107525
Lotteries (net) 1,157666929
Special events 7,5278,9888,754
Investment income 10,53013,25011,424
Other income 1,5321,7091,382
Total revenues 40,50946,84142,119
Program costs 19,98118,55120,843
Fundraising & administrative costs 15,13616,35015,050
Cash flow from operations 5,39211,9406,226
Funding reserves 152,618154,646133,701
Note: Ci reports net revenues from lotteries, understating expenses and revenues by $7.7m in 2016, $4.3m in F2015 and $4.3m in F2014.

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