Financial Statements
Cure Alzheimer’s Fund is a “doing business as” name for the Alzheimer’s Disease Research Foundation, a 501c3 public charity with the Federal Identification Number: 52-2396428.
Copies of our IRS form 990 are available below. Audited financial statements are available upon request.
Administrative Expenses & Overhead
Cure Alzheimer’s Fund Founders provide all administrative and overhead expenses. Therefore, all contributions from non-founders go directly to research into the causes of Alzheimer’s disease.
Organizational Efficiency
Even though the Founders pay all the administrative expenses for the Foundation, we are proud of our organizational efficiency in minimizing expense and maximizing the dollars contributed by Founders and non-founders for research. (All numbers from 990’s.)
Ratio of Administrative Expenses to Total Funds Raised:
| 2005 | 2006 |
2007 | |
| Funds raised from all sources | $1,294,753 | $3,547,273 | $3,657,219 |
| Total administrative expenses | $ 135,123 | $ 482,788 | $ 541,653 |
| Ratio of expenses to funds raised | 10.4% | 13.6% | 14.8% |
Endowment, Investment, Reserves
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Cure Alzheimer’s Fund has no endowment and no plan to build one.
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Donated funds are temporarily invested in a money market fund managed by Mellon Financial Services to await distribution to approved research projects.
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Cure Alzheimer’s Fund retains a reserve of at least $500,000 for unanticipated research activities.
