The Michael J. Fox Foundation Annual Report 2017 – Roadmaps for Progress | Page 52

The Michael J. Fox Foundation
2017 Annual Report
The Michael J. Fox Foundation
for Parkinson’s Research The Michael J. Fox Foundation
for Parkinson’s Research
Consolidated Statements of Financial Position Consolidated Statements of Activities
As of December 31
2017
2016
As of December 31
2017 2016
Temporarily
Restricted Total Total
$ 40,191,867
3,430,844 $ 58,019,349
2,158,810 $ 98,211,216
5,589,654 $ 108,796,165
6,150,325
249,320
–
1,023,446 –
–
– 249,320
–
1,023,446 98,147
286,452
25,691
Total public support and revenue
before release of restrictions 44,895,477 60,178,159 105,073,636 115,356,780
Net assets released from
restrictions 70,163,185 (70,163,185) 0 0
$ 115,058,662 $ (9,985,026) $ 105,073,636 $ 115,356,780
Program Services
Management and general
Fundraising $ 98,197,740
3,749,111
10,667,156 —
—
— $ 98,197,740
3,749,111
10,667,156 $ 90,245,875
2,939,463
9,743,030
Total expensess $ 112,614,007 — $ 112,614,007 $ 102,928,368
2,444,655
37,677,949 (9,985,026)
22,889,154 (7,540,371)
60,567,103 12,428,412
48,138,691
$ 40,122,604 $ 12,904,128 $ 53,026,732 $ 60,567,103
Assets
Cash and cash equivalents
Contributions receivable, net
Investments
Charitable gift annuities
Prepaid expenses and other assets
Cash and cash equivalents – restricted
Inventory
Property and equipment, net
Total Assets
$ 92,911,975
23,264,963
13,620,255
1,232,393
4,407,633
2,757,506
24,386
6,522,373 $ 102,142,613
20,919,938
11,999,431
616,319
1,200,352
2,757,506
28,256
1,041,945
$ 144,741,484 $ 140,706,360
Liabilities and Net Assets
Liabilities
Accounts payable and accrued expenses
Grants payable, net
Loans payable, net
Interest payable
Deferred rent
Annuities payable
Deferred revenue
Total Liabilities
$ 4,337,439
79,170,309
1,150,196
540,516
5,896,838
617,454
2,000 $ 3,895,853
72,959,202
1,150,196
469,706
1,282,264
375,036
7,000
$ 91,714,752 $ 80,139,257
Public Support and Revenue
Contributions
Special events
(net of direct benefit to donors of $1,144,837
and $1,055,788 in 2017 and 2016, respectively)
Investment income gains (losses)
Rental income
Miscellaneous income
Total public support and revenue
Expenses
Net Assets
Unrestricted
Temporarily restricted
Total Net Assets
Total Liabilities and Net Assets
50
$ 40,122,604
12,904,128 $ 37,677,949
22,889,154
53,026,732 60,567,103
$ 144,741,484 $ 140,706,360
Change in net assets
Net assets, beginning of year
Net assets, end of year
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