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/on
Charitable Reg. #: 11878 4842 RR0001
Sector: Health
Operating Charity

Charity Rating

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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

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #25

Avg. Compensation $84,087

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 2
$80k - $120k 3
$40k - $80k 4
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Alzheimer Society of Ontario:

Founded in 1983, Alzheimer Society of Ontario (ALZO) is one of thirteen provincial Alzheimer Societies working with 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.

ALZO funds dementia research through the Alzheimer Society Research Program (ASRP). The program receives funding from all provincial Alzheimer Societies, Alzheimer Society of Canada 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 2016, ASRP gave out 35 grants and awards nationally. ALZO’s website provides background information for 18 researchers in Ontario that received funding from ASRP.

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 the Ontario Dementia Strategy. In 2015, ALZO conducted a Dementia Strategy Priorities survey and participated in 8 roundtable discussions across Ontario with people with dementia and caregivers.

Financial Review:

Alzheimer Society of Ontario is a Big-Cap charity with total donations of $6.8m in F2016. Administrative costs are 13% of revenues and fundraising costs are 5% of donations. For every $1 donated, 82 cents go to the cause. This falls within Charity Intelligence’s reasonable range of overhead costs.

Funding reserves of $5m can cover 62% of annual program costs. This means that ALZO has enough funding to cover 7 months of program costs. This is below average and indicates that ALZO needs funding.

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 May 16, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending March 		201620152014
Administrative costs as % of revenues 12.5%11.2%9.4%
Fundraising costs as % of donations 5.4%6.1%8.2%
Program cost coverage (%) 62.3%77.8%76.9%

Summary Financial Statements

All figures in $000s 		201620152014
Donations 6,8026,1536,261
Government funding 9161,5991,057
Investment income 6358425
Other income 1303350
Total revenues 7,8538,1437,792
Program costs 2,6553,1912,723
Grants 5,3164,6874,401
Administrative costs 977875690
Fundraising costs 366377515
Other costs 379585
Cash flow from operations (1,840)(1,045)(542)
Funding reserves 4,9676,1315,479
Note: Charity Intelligence did not include deferred program revenue recognized of $1.3m in F2016, $1.6m in F2015 and $1.2m in F2014. Government funding of $900k in F2016, $1.6m in F2015 and $1.1m in F2014 was gathered from the charity’s T3010 CRA filing and backed out of donations. Amortization of capital assets has been backed out of administrative costs.

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