Fiscal Year 2009
(July 1, 2008 - June 30, 2009)

Fiscal year 2009 was a challenging year due to the significant economic and financial market turmoil. Despite the economy, the financial health of the Alzheimer's Association remains strong with the national organization recording total assets of almost $122 million, a decrease of 17 percent compared to fiscal year 2008 assets of $146 million.

The decline in assets was a result of the decrease in the Association investment assets primarily due to sharply reduced equity values during the fiscal year. Total revenues of $91.6 million decreased 13.6 percent from 2008, of which $78.2 million came from donor contributions. Together with our network of 77 affiliated chapters, unaudited revenues totaled more than $231 million. Expenses were well managed by the national organization. With our chapter network, the combined Alzheimer's Association expended over $166 million on program activities to forward our mission. To advance progress in Alzheimer science, we invested more than $26 million in research. Despite the economic downturn, we spent more than $13.4 million on research grants in fiscal year 2009.

The Association continues to meet and exceed minimum standards of 65 percent program expenses set by the BBB Wise Giving Alliance. We were at 72 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 as well as revising and expanding our shared fund-raising models with 77 chapter affiliates.

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 2009

Full Financial Report (27 pages)