Alzheimer Society of Toronto
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
60%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 60 cents are available for programs.
My anchor
OVERVIEW
About Alzheimer Society of Toronto:
Alzheimer Society of Toronto is a 3-star charity with best practice in financial transparency and average accountability to donors as seen in the B results reporting grade. For every dollar donated to this charity, 60 cents go to the cause. This is outside Ci's reasonable range for overhead spending.
Founded in 1984, Alzheimer Society of Toronto (AST) is one of Alzheimer Society of Ontario’s member chapters. AST’s mission is to alleviate personal and social consequences of Alzheimer’s disease and other dementias, and to promote research. To achieve this mission, AST offers support, information and education to people with dementia as well as families and caregivers; increases public awareness of dementia; promotes research; and advocates for services that respect the dignity of people with dementia.
Dementia is the umbrella term for a group of chronic diseases affecting the brain. Alzheimer’s disease is the most common form of dementia. 564,000 Canadians are currently living with dementia and this number is expected to grow by 66% in the next 15 years. The charity estimates a total cost of $10.4 billion a year to care for those with dementia in Canada.
Alzheimer Society of Toronto offers many resources to people with dementia. In F2021, AST hosted 403 organized activities that saw 3,964 participants across Ontario. AST's Music Project delivers musical performances to people living with dementia. In F2021, this program reached 1,000 people across 20 regions in Ontario.
In F2021, AST hosted an online gala with 14 other local societies across Ontario. The charity states that this event brings together leaders, celebrities and philanthropists to raise awareness and support for people living with dementia. This event saw 1,600 guests.
AST's Young Leaders Collective is a group of young individuals united with a common goal of improving the lives of those affected by dementia through advocacy and community engagement. In F2021, 10 members and 14 ambassadors took part in this program.
In F2021, AST developed four provincial-wide projects with a focus on delivering dementia-focused training and education to care partners, allied health workers, registered health practitioners and police services. The care partners team completed five pilot programs and 93 registered health practitioners completed the physician education program.
My anchor
Results and Impact
In F2021 due to the covid-19 pandemic, care partners were prohibited from supporting long-term care residents living with dementia. In response, AST shared a toolkit to help care partners push for their legal right to access their supported person. AST also advocated for changes to the Ministry of Long-Term Care's visitor policy. AST succeeded as care partners were once again permitted to enter facilities and provide support.
While Ci highlights these key results, they may not be a complete representation of Alzheimer Society of Toronto's results and impact.
My anchor
Finances
In F2021, Alzheimer Society of Toronto reported total donations and special events fundraising of $3.0m. Administrative costs are 8% of revenues (excluding investment income), and fundraising costs are 32% of donations and special events (excluding amounts received from Alzheimer Society of Ontario). For every dollar donated, 60 cents go towards the charity’s programs and grants, which is outside of Ci’s reasonable range for overhead spending.
Alzheimer Society of Toronto’s funding reserves of $3.9m can cover 95% or 11 months of annual programs costs and grants.
This charity report is an update that was sent to Alzheimer Society of Toronto for review. Comments and edits may be forthcoming.
Updated on July 5, 2022 by Angelina Curwin.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 7.9% | 8.0% | 8.3% |
Fundraising costs as % of donations | 31.6% | 39.4% | 48.6% |
Total overhead spending | 39.5% | 47.4% | 56.9% |
Program cost coverage (%) | 95.1% | 76.6% | 74.0% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 1,837 | 2,290 | 2,293 |
Government funding | 2,961 | 2,157 | 2,057 |
Fees for service | 75 | 69 | 62 |
Special events | 1,122 | 1,872 | 1,640 |
Investment income | 76 | 69 | 44 |
Total revenues | 6,071 | 6,457 | 6,097 |
Program costs | 4,036 | 4,156 | 3,896 |
Grants | 20 | 46 | 53 |
Administrative costs | 474 | 510 | 500 |
Fundraising costs | 936 | 1,639 | 1,790 |
Total spending | 5,466 | 6,350 | 6,239 |
Cash flow from operations | 605 | 106 | (142) |
Capital spending | 28 | 53 | 60 |
Funding reserves | 3,857 | 3,218 | 2,924 |
Note: Ci backed out amortization of capital assets from administrative costs. To report on a cash basis, Ci adjusted for changes in deferred capital contributions in donations, decreasing revenues by $10k in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
2 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it.