Fiscal Year 2010
(July 1, 2009 - June 30, 2010)

Despite the slow recovery of the economy in fiscal year 2010, the financial health of the Alzheimer’s Association remains strong with the national organization’s Statement of Financial Position reflecting total assets of more than $116 million, a decrease of 4 percent compared to fiscal year 2009 assets of $122 million.

Total net assets of almost $58 million reflect an increase of 3 percent from 2009 to 2010. Total revenues of $87.9 million decreased 4 percent from 2009, of which $75.7 million came from donor contributions. Together with our network of 73 affiliated chapters, unaudited revenues totaled almost $225 million.

Expenses were well managed by the national organization. With our chapter network, the combined Alzheimer’s Association expended more than $159 million on program activities to forward our mission. To advance progress in Alzheimer's science, we invested more than $28 million in research, of which almost $14.5 million was awarded as research grants in fiscal year 2010.

The Association continues to meet and exceed minimum standards of 65 percent program expenses set by the BBB Wise Giving Alliance. We were at 73 percent.

During the year, the Alzheimer’s Association made significant progress on several important goals related to its long-range strategic plan, including concern and awareness.

We are honored and grateful that our donors respect our stewardship, embrace our mission and are a vital part of the movement to conquer Alzheimer’s disease.

National Office Audited Financial Statements Fiscal Year 2011
Full Financial Report (23 pages)