BBB Wise Giving Report for
Cure Alzheimer's Fund

BBB Wise Giving Report issued January 2011
BBB Wise Giving Report expires January 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Cure Alzheimer's Fund
Address: 34 Washington Street, Suite 300
  Wellesley Hills, MA 02481
Phone: 781-237-3800
Web Address: www.curealzfund.org
Also known as:Alzheimer's Disease Research Foundation
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 2004, Pennsylvania
Affiliates: None
Stated Purpose: "to fund research with the highest probability of slowing, stopping or reversing Alzheimer's disease."

Back To Top

Evaluation Conclusions

               

Cure Alzheimer's Fund (CAF) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

CAF funds research projects to slow, stop or reverse Alzheimer’s. The organization publishes a quarterly newsletter containing research about these projects and maintains a website to inform the public about the latest research funded by CAF.

For the year ended December 31, 2009, CAF's program expenses were:

  
Grants 2,387,914
Other program expenses 135,402
Total Program Expenses: $2,523,316
Back To Top

Governance

               

Chief Executive : Timothy W. Armour, President and CEO
Compensation*:
 $190,943

Chair of the Board: Jeffrey L. Morby
Chair's Profession / Business Affiliation: Managing Director of Amarna Corporation, LLC; Former Vice Chairman of Mellon Bank

Board Size: 6

Paid Staff Size: 2

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 10% of related contributions. (Related contributions, which totaled $3,267,501, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

Financial

               

The following information is based on CAF's audited financial statements for the year ended December 31, 2009.

Source of Funds  
Contributions 3,235,065
Donated services 32,436
Net discount/amortization of pledges 10,829
Realized gain on sale of stocks 10,726
Investment income 8,797
Unrealized gain on donor advised funds 1,701
Total Income $3,299,554


chart



Uses of Funds as a % of Total Expenses

Programs: 81%  Fund Raising: 11%  Administrative: 8% 

Total income   $3,299,554
  Program expenses $2,523,316
  Fund raising expenses 330,229
  Administrative expenses 239,353
 
Total expenses   $3,092,898
Income in Excess of Expenses   206,656
Beginning net assets   2,851,988
Ending net assets   3,058,644
Total liabilities   34,502
Total assets   $3,093,146


Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity