Civic Intelligence

Michael J Fox Foundation for Parkinsons Research

990 • Fiscal year 2018 • EIN 13-4141945

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 18, 2019

Grand Central Sta PO Box 4777New York, NY 10163-4777

(212) 509-0995

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.68x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.85x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

19th percentile

-3.3%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$824,943

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

70th percentile

7.5%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

17%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Up

$154,388,217

Up $10,785,438 (+7.5%) from 2017

Net Assets

Down

$49,978,894

Down $3,047,838 (-5.7%) from 2017

Liabilities

Up

$104,409,323

Up $13,833,276 (+15%) from 2017

Revenue

Up

$122,442,410

Up $17,984,574 (+17%) from 2017

Expenses

Up

$126,509,795

Up $14,509,329 (+13%) from 2017

Net Income

Up

-$4,067,385

Up $3,475,245 (+46%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $78,224,899Liabilities 2010: $56,622,447Net Assets 2010: $21,602,4522010Assets 2011: $95,542,240Liabilities 2011: $74,420,395Net Assets 2011: $21,121,8452011Assets 2012: $105,378,503Liabilities 2012: $66,960,964Net Assets 2012: $38,417,5392012Assets 2013: $121,102,189Liabilities 2013: $74,932,298Net Assets 2013: $46,169,8912013Assets 2014: $117,014,438Liabilities 2014: $71,147,805Net Assets 2014: $45,866,6332014Assets 2015: $128,893,606Liabilities 2015: $80,754,915Net Assets 2015: $48,138,6912015Assets 2016: $138,641,197Liabilities 2016: $78,074,094Net Assets 2016: $60,567,1032016Assets 2017: $143,602,779Liabilities 2017: $90,576,047Net Assets 2017: $53,026,7322017Assets 2018: $154,388,217Liabilities 2018: $104,409,323Net Assets 2018: $49,978,8942018Assets 2019: $191,630,286Liabilities 2019: $117,705,686Net Assets 2019: $73,924,6002019Assets 2020: $231,669,888Liabilities 2020: $125,015,663Net Assets 2020: $106,654,2252020Assets 2021: $330,549,492Liabilities 2021: $150,544,575Net Assets 2021: $180,004,9172021Assets 2022: $397,763,015Liabilities 2022: $193,791,964Net Assets 2022: $203,971,0512022Assets 2023: $349,458,390Liabilities 2023: $214,422,950Net Assets 2023: $135,035,4402023Assets 2024: $439,010,892Liabilities 2024: $243,129,040Net Assets 2024: $195,881,8522024

Highlighted filing

2018

Assets$154,388,217
Liabilities$104,409,323
Net Assets$49,978,894

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600M$400M$200M$0-$200MExpenses 2010: $60,056,5442010Expenses 2011: $65,638,9812011Expenses 2012: $70,246,7912012Revenue 2013: $91,460,361Expenses 2013: $83,700,634Net Income 2013: $7,759,7272013Revenue 2014: $83,234,503Expenses 2014: $83,537,775Net Income 2014: -$303,2722014Revenue 2015: $98,886,808Expenses 2015: $96,607,583Net Income 2015: $2,279,2252015Revenue 2016: $114,352,700Expenses 2016: $101,928,056Net Income 2016: $12,424,6442016Revenue 2017: $104,457,836Expenses 2017: $112,000,466Net Income 2017: -$7,542,6302017Revenue 2018: $122,442,410Expenses 2018: $126,509,795Net Income 2018: -$4,067,3852018Revenue 2019: $161,693,487Expenses 2019: $138,680,919Net Income 2019: $23,012,5682019Revenue 2020: $202,285,896Expenses 2020: $172,205,904Net Income 2020: $30,079,9922020Revenue 2021: $353,405,980Expenses 2021: $279,892,835Net Income 2021: $73,513,1452021Revenue 2022: $362,405,973Expenses 2022: $338,898,662Net Income 2022: $23,507,3112022Revenue 2023: $316,078,272Expenses 2023: $386,159,309Net Income 2023: -$70,081,0372023Revenue 2024: $505,288,760Expenses 2024: $452,470,597Net Income 2024: $52,818,1632024

Highlighted filing

2018

Revenue$122,442,410
Expenses$126,509,795
Net Income-$4,067,385
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 18, 2019
Return Version
2018v3.1
Gross Receipts
$172,264,716
Mission and Program Overview

Mission

The foundation is dedicated to finding a cure for parkinsons disease through an aggressively funded research agenda and to ensuring the development of improved therapies for those living with parkinsons today.

The foundation is dedicated to ensuring the development of better treatments, and ultimately a cure, for parkinson's disease through an aggressively funded research agenda.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,620,255$60,131,383▲ $46,511,128
Savings and Temporary Cash Investments$94,530,335$54,334,703▼ $40,195,632
Pledges and Grants Receivable$23,264,963$24,536,345▲ $1,271,382
Land, Buildings, and Equipment, Net$6,522,373$11,735,277▲ $5,212,904
Prepaid Expenses and Deferred Charges$4,407,633$1,897,553▼ $2,510,080
Inventories for Sale or Use$24,386$23,853▼ $533
Cash and Non-Interest-Bearing Accounts$441$277▼ $164
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$143,602,779$154,388,217▲ $10,785,438
Other Assets Total$1,232,393$1,728,826▲ $496,433
Liabilities
Grants Payable$78,773,771$85,459,991▲ $6,686,220
Other Liabilities$6,437,354$13,763,856▲ $7,326,502
Accounts Payable and Accrued Expenses$4,212,726$3,907,372▼ $305,354
Unsecured Notes Loans Payable$1,150,196$1,150,196→ $0
Deferred Revenue$2,000$127,908▲ $125,908
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$90,576,047$104,409,323▲ $13,833,276
Net Assets / Fund Balance
Unrestricted Net Assets$40,122,604$26,342,941▼ $13,779,663
Temporarily Rstr Net Assets$12,904,128$23,635,953▲ $10,731,825
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$53,026,732$49,978,894▼ $3,047,838
Total Liabilities and Net Assets / Fund Balance$143,602,779$154,388,217▲ $10,785,438

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$9,182,341$2,669,721$11,852,062
Other Land Buildings$1,612,652$600,024$2,212,676
Equipment$940,284$519,306$1,459,590
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah W BrooksCo-Founder & Exec. Vice ChairFT$335,129$489,814$824,943
Todd ShererCEOFT$330,338$439,814$770,152
Sohini ChowdhuryDeputy CEOFT$272,500$118,102$390,602
Joanne Martz Thru 10518Chief Fin and Admin OfficerFT$176,638$170,267$346,905
Brian K FiskeSVP, Research ProgramsFT$235,228$83,021$318,249
Holly TeichholtzSVP, Comm & Content StrategiesFT$220,366$77,747$298,113
Mark A FrasierSVP, Research ProgramsFT$228,627$57,828$286,455
Emily MoyerSVP, Marketing & Digital StrFT$214,644$64,446$279,090
Rachel DolhunVP, Medical CommunicationsFT$208,006$47,826$255,832
William Fowler as of 121718SVP, Strat, Fin & OperationsFT$19,337-$19,337

Highest Paid Contractors

ContractorServicesLocationCompensation
JAMES e FITZGERALD INCconstruction48 w 38th street 9th floor, New York, NY 10018$3,959,743
ESRT West 34th StreetLPRent111 WEST 33RD ST 12TH FL, New York, NY 10120$2,013,483
principal financialPension Plan1285 AVENUE OF THE AMERICAS FL 17, New York, NY 10019-6028$1,740,688
Liquidnet Holdings INCRent498 SEVENTH AVENUE 15TH FLOOR, New York, NY 10018$1,490,618
Union Office InteriorsFurniture226 ANDOVER STREET, Willington, MA 01887$1,110,417
Revenue and Support

Revenue Composition

Contributions and Grants
$121,421,371
Program Service Revenue
$0
Investment Income
$1,079,355
Other Revenue
$-58,316
All Other Contributions
$116,453,142
Change in Net Assets
$-4,067,385

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded128$45,283,419Fair Value
Total Noncash Contributions128$45,283,419-

Audited Revenue Reconciliation

Revenue per Audited Statements
$122,442,410
Revenue Not Reported on Form 990
$683,092
Total Revenue per Audited Statements
$123,125,502
Total Revenue per Form 990
$122,442,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$88,593,850
Salaries, Compensation, and Employee Benefits$20,007,470
Other Expenses$17,843,475
Total Fundraising Expense$13,315,708
Professional Fundraising Fees$65,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$62,301,444--$62,301,444
Foreign Grants$26,292,406--$26,292,406
Other Salaries and Wages$7,609,000$1,996,508$4,525,138$14,130,646
Occupancy$3,640,097$587,683$2,000,683$6,228,463
Current Officers, Directors, Trustees, and Key Employees$1,200,929$311,352$711,661$2,223,942
Advertising$1,371,105-$585,075$1,956,180
Depreciation Depletion$695,336$442,228$747,826$1,885,390
Fees for Services Other$1,129,733$83,295$655,829$1,868,857
Travel$1,243,079$9,338$543,792$1,796,209
Other Employee Benefits$884,215$265,287$583,050$1,732,552
Payroll Taxes$525,385$157,629$346,438$1,029,452
Information Technology$492,653$51,572$348,664$892,889
Pension Plan Contributions$454,663$136,411$299,804$890,878
Other Expenses$319,899$2,637$359,580$682,116
Office Expenses$149,940$25,736$191,774$367,450
Fees for Services Legal$212,333$8,448$26,049$246,830
Insurance$69,845$10,345$32,639$112,829
Fees for Services Accounting-$76,078-$76,078
Interest-$73,966-$73,966
Fees for Services Professional Fundraising--$65,000$65,000
Fees for Services Lobbying-$27,470-$27,470
Fees for Service Investment Mgmnt Fees-$150-$150
Total Functional Expenses$108,875,692$4,318,395$13,315,708$126,509,795

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$126,509,795
Total Expenses per Audited Statements$126,173,340
Expenses per Audited Statements$125,357,958
Expenses Not Reported on Financial Statements$1,151,837
Other Expense Adjustments$1,151,837
Expenses Not Reported on Form 990$815,382
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Institute for Neurodegenerative DisordersNew Haven, CT501 (c )(3)PARKINSON'S RESEARCH$11,345,530
AlkahestSan Carlos, CAPublic SectorPARKINSON'S RESEARCH$3,174,918
Northwestern University Feinberg School of MedicinChicago, IL501 (c )(3)PARKINSON'S RESEARCH$2,973,307
University of PittsburghPittsburgh, PA501 (c )(3)PARKINSON'S RESEARCH$2,808,613
University of California San DiegoLa Jolla, CA501 (c )(3)PARKINSON'S RESEARCH$2,358,903
Northwestern UniversityChicago, IL501 (c )(3)PARKINSON'S RESEARCH$2,226,713
National Institute on AgingBethesda, MD501 (c )(3)PARKINSON'S RESEARCH$2,126,542
Mondo RobotBoulder, COPublic SectorPARKINSON'S RESEARCH$2,090,699
University of RochesterRochester, NY501 (c )(3)PARKINSON'S RESEARCH$1,650,418
Baylor College of MedicineHouston, TX501 (c )(3)PARKINSON'S RESEARCH$1,577,623
University of Southern CaliforniaLos Angeles, CA501 (c )(3)PARKINSON'S RESEARCH$1,517,172
Massachusetts General HospitalBoston, MA501 (c )(3)PARKINSON'S RESEARCH$1,318,839
Arizona State UniversityTempe, AZ501 (c )(3)PARKINSON'S RESEARCH$1,168,930
University of PennsylvaniaHuntingdon Valley, PA501 (c )(3)PARKINSON'S RESEARCH$1,111,845
GreenphireKing of Prussia, PAPublic SectorPARKINSON'S RESEARCH$1,069,581
IBM Research LaboratoriesSan Jose, CAPublic SectorPARKINSON'S RESEARCH$1,000,000
University of California San FranciscoSan Francisco, CA501 (c )(3)PARKINSON'S RESEARCH$959,049
University of California at Los AngelesLos Angeles, CA501 (c )(3)PARKINSON'S RESEARCH$864,286
Van Andel Research InstituteGrand Rapids, MI501 (c )(3)PARKINSON'S RESEARCH$856,498
Baylor Miraca Genetics Laboratories LLCDallas, TXPublic SectorPARKINSON'S RESEARCH$800,000
Icahn School of Medicine at Mount SinaiNew York, NY501 (c )(3)PARKINSON'S RESEARCH$792,306
Deloitte Consulting LLPMcLean, VAPublic SectorPARKINSON'S RESEARCH$746,064
Brigham & Women's Hospital and Harvard Medical SchBoston, MA501 (c )(3)PARKINSON'S RESEARCH$644,779
Charles River LaboratoriesWilmington, MAPublic SectorPARKINSON'S RESEARCH$607,075
Brigham & Women's HospitalBoston, MA501 (c )(3)PARKINSON'S RESEARCH$568,288
Cohen Veterans BioscienceCambridge, MAPublic SectorPARKINSON'S RESEARCH$519,638
University of TexasHouston, TX501 (c )(3)PARKINSON'S RESEARCH$500,000
Indiana UniversityBloomington, IN501 (c )(3)PARKINSON'S RESEARCH$464,142
MedChem Imaging LLCBoston, MAPublic SectorPARKINSON'S RESEARCH$449,100
Duke UniversityDurham, NC501 (c )(3)PARKINSON'S RESEARCH$446,386
Virginia Commonwealth UniversityRichmond, VA501 (c )(3)PARKINSON'S RESEARCH$426,266
University of Rochester Medical CenterRochester, NY501 (c )(3)PARKINSON'S RESEARCH$416,422
Emory UniversityAtlanta, GA501 (c )(3)PARKINSON'S RESEARCH$414,927
OccamzRazorSan Francisco, CAPublic SectorPARKINSON'S RESEARCH$400,000
Columbia UniversityNew York, NY501 (c )(3)PARKINSON'S RESEARCH$394,761
The Feinstein Institute for Medical ResearchManhasset, NY501 (c )(3)PARKINSON'S RESEARCH$384,138
Brandeis UniversityWaltham, MA501 (c )(3)PARKINSON'S RESEARCH$381,226
Massachusetts Institute of TechnologyCambridge, MA501 (c )(3)PARKINSON'S RESEARCH$378,603
Covance IncDallas, TXPublic SectorPARKINSON'S RESEARCH$378,298
AbcamCambridge, MAPublic SectorPARKINSON'S RESEARCH$371,199
The Lewin GroupPhiladelphia, VAPublic SectorPARKINSON'S RESEARCH$354,563
University of Nebraska Medical CenterOmaha, NE501 (c )(3)PARKINSON'S RESEARCH$346,868
Neurona therapeuticsSouth San Francisco, CAPublic SectorPARKINSON'S RESEARCH$329,769
Johns Hopkins University School of MedicineBaltimore, MD501 (c )(3)PARKINSON'S RESEARCH$301,625
McLean HospitalHarvard Medical SchoolCambridge, MA501 (c )(3)PARKINSON'S RESEARCH$300,000
Blackfynn IncPhiladelphia, PAPublic SectorPARKINSON'S RESEARCH$299,988
FORMA TherapeuticsBranford, CTPublic SectorPARKINSON'S RESEARCH$299,759
NextceaWoburn, MAPublic SectorPARKINSON'S RESEARCH$290,475
SsrsMedia, PAPublic SectorPARKINSON'S RESEARCH$286,145
University of GeorgiaAthens, GA501 (c )(3)PARKINSON'S RESEARCH$285,341
Loyola University ChicagoMaywood, IL501 (c )(3)PARKINSON'S RESEARCH$283,481
Stanford UniversityStanford, CA501 (c )(3)PARKINSON'S RESEARCH$278,970
The Parkinson's InstituteSunnyvale, CA501 (c )(3)PARKINSON'S RESEARCH$274,416
Shirley Ryan AbilityLabChicago, IL501 (c )(3)PARKINSON'S RESEARCH$271,197
Michigan State UniversityEast Lansing, MI501 (c )(3)PARKINSON'S RESEARCH$268,290
UabBirmingham, AL501 (c )(3)PARKINSON'S RESEARCH$267,961
Weill Medical College of Cornell UniversityNew York, NY501 (c )(3)PARKINSON'S RESEARCH$265,531
Ohio State UniversityColumbus, OH501 (c )(3)PARKINSON'S RESEARCH$264,010
Stanford University School of MedicineFremont, CA501 (c )(3)PARKINSON'S RESEARCH$263,459
Rancho Biosciences LLCRancho Santa Fe, CAPublic SectorPARKINSON'S RESEARCH$260,661
Purdue UniversityWest Lafayette, IN501 (c )(3)PARKINSON'S RESEARCH$256,682
California Institute of TechnologyPasadena, CA501 (c )(3)PARKINSON'S RESEARCH$250,000
MouSensorNew York, NYPublic SectorPARKINSON'S RESEARCH$246,725
The J David Gladstone InstitutesSan Francisco, CA501 (c )(3)PARKINSON'S RESEARCH$243,203
University of AlabamaBirmingham, AL501 (c )(3)PARKINSON'S RESEARCH$240,271
Harvard UniversityCambridge, MA501 (c )(3)PARKINSON'S RESEARCH$236,513
University of IowaIowa City, IA501 (c )(3)PARKINSON'S RESEARCH$235,580
TaconicRensselaer, NYPublic SectorPARKINSON'S RESEARCH$233,225
Mayo ClinicJacksonville, FL501 (c )(3)PARKINSON'S RESEARCH$211,295
LifeSensorsMalvern, PAPublic SectorPARKINSON'S RESEARCH$200,530
University of California San FranciscoSan Francisco, CA501 (c )(3)PARKINSON'S RESEARCH$200,000
University of WashingtonSeattle, WA501 (c )(3)PARKINSON'S RESEARCH$199,793
Progenra IncMalvern, PAPublic SectorPARKINSON'S RESEARCH$199,047
Amydis IncSan Diego, CAPublic SectorPARKINSON'S RESEARCH$198,775
Rheostat TherapeuticsBoston, MAPublic SectorPARKINSON'S RESEARCH$198,656
National Institute of Neurological Disorders and SBethesda, MD501 (c )(3)PARKINSON'S RESEARCH$192,883
Mount Sinai Medical CenterNew York, NY501 (c )(3)PARKINSON'S RESEARCH$184,148
Mayo Clinic - MinnesotaRochester, MN501 (c )(3)PARKINSON'S RESEARCH$157,795
Banner Health InstitutePhoenix, AZ501 (c )(3)PARKINSON'S RESEARCH$157,044
International Parkinson and Movement Disorder SociMilwaukee, WIPublic SectorPARKINSON'S RESEARCH$153,536
Clintrex LLCSarasota, FLPublic SectorPARKINSON'S RESEARCH$150,000
Emulate IncBoston, MAPublic SectorPARKINSON'S RESEARCH$150,000
IQVIA Consulting GroupNew York, NYPublic SectorPARKINSON'S RESEARCH$150,000
Cincinnati Children's Hospital Medical CenterCincinnati, OH501 (c )(3)PARKINSON'S RESEARCH$148,121
Beaumont HospitalsRoyal Oak, MI501 (c )(3)PARKINSON'S RESEARCH$147,548
Temple UniversityPhiladelphia, PA501 (c )(3)PARKINSON'S RESEARCH$140,013
PsychoGenicsTarrytown, NYPublic SectorPARKINSON'S RESEARCH$129,600
ProteosKalamazoo, MIPublic SectorPARKINSON'S RESEARCH$121,975
Amazon Web Services LLCSeattle, WAPublic SectorPARKINSON'S RESEARCH$120,000
BioLegendDedham, MAPublic SectorPARKINSON'S RESEARCH$109,171
The Parkinsons FoundationNew York, NY501 (c )(3)PARKINSON'S RESEARCH$100,000
The Trustees of the University of PennsylvaniaPhiladelphia, PA501 (c )(3)PARKINSON'S RESEARCH$100,000
Thomas Jefferson UniversityPhiladelphia, PA501 (c )(3)PARKINSON'S RESEARCH$100,000
The Parkinson's Institute and Clinical CenterSunnyvale, CA501 (c )(3)PARKINSON'S RESEARCH$99,855
Childrens Hospital of PhiladelphiaPhiladelphia, PA501 (c )(3)PARKINSON'S RESEARCH$99,730
University of UtahSalt Lake City, UT501 (c )(3)PARKINSON'S RESEARCH$99,367
Rehabilitation Institute of ChicagoChicago, IL501 (c )(3)PARKINSON'S RESEARCH$78,579
University of Texas Medical School at HoustonHouston, TX501 (c )(3)PARKINSON'S RESEARCH$61,116
Rush UniversityChicago, IL501 (c )(3)PARKINSON'S RESEARCH$50,000
Mayo Clinic ArizonaScottsdale, AZ501 (c )(3)PARKINSON'S RESEARCH$49,990
Sanford-Burnham Institute for Medical ResearchLa Jolla, CA501 (c )(3)PARKINSON'S RESEARCH$49,000
AlturaMission Viejo, CAPublic SectorPARKINSON'S RESEARCH$40,000
UMDNJ-Robert Wood Johnson Medical SchoolPiscataway, NJ501 (c )(3)PARKINSON'S RESEARCH$36,290
ClearDATA Networks IncAustin, TXPublic SectorPARKINSON'S RESEARCH$36,000
QualtricsProvo, UTPublic SectorPARKINSON'S RESEARCH$36,000
Venice Operation LLCVenice, CAPublic SectorPARKINSON'S RESEARCH$32,780
Lonza IncAllendale, NJPublic SectorPARKINSON'S RESEARCH$29,731
Thomson Reuters (Scientific) LLCChicago, ILPublic SectorPARKINSON'S RESEARCH$28,067
BiogenCambridge, MA501 (c )(3)PARKINSON'S RESEARCH$25,000
New England Independent Review Board LLCPittsburgh, PAPublic SectorPARKINSON'S RESEARCH$25,000
The Curiosity CompassQuogue, NYPublic SectorPARKINSON'S RESEARCH$24,380
EMD Millipore CorporationSan Diego, CAPublic SectorPARKINSON'S RESEARCH$20,000
University of Texas Southwestern Medical Center atDallas, TX501 (c )(3)PARKINSON'S RESEARCH$20,000
TransThera Consulting CoPortland, ORPublic SectorPARKINSON'S RESEARCH$16,437
National Academy of SciencesWashington, DC501 (c )(3)PARKINSON'S RESEARCH$15,000
Vigene BiosciencesRockville, MDPublic SectorPARKINSON'S RESEARCH$12,550
AlphalysePalo Alto, CAPublic SectorPARKINSON'S RESEARCH$12,275
Grey Matter Technologies LLCLongboat Key, FLPublic SectorPARKINSON'S RESEARCH$10,960
Quorum ReviewSeattle, WAPublic SectorPARKINSON'S RESEARCH$10,000
Oregon Health & Science UniversityPortland, OR501 (c )(3)PARKINSON'S RESEARCH$8,000
ParLutz, FLPublic SectorPARKINSON'S RESEARCH$8,000
Riva S WhiteNew York, NY501 (c )(3)PARKINSON'S RESEARCH$8,000
Cleveland ClinicCleveland, OH501 (c )(3)PARKINSON'S RESEARCH$7,000
Boston Medical CenterBoston, MA501 (c )(3)PARKINSON'S RESEARCH$6,000
Monica KorellChicago, ILPublic SectorPARKINSON'S RESEARCH$6,000
Eugenia Mamikonyan Independent ContractorHuntingdon Valley, PAPublic SectorPARKINSON'S RESEARCH$5,250

International Summary

Employees
158
Spending
$26,292,406

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Grantmaking--118$19,830,382
North AmericaGrantmaking--29$4,669,796
East Asia and the PacificGrantmaking--9$1,612,488
South AmericaGrantmaking--2$179,740
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,051,575
Fundraising Gross Income$1,051,575
Professional Fundraising Fees$65,000
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Funny Thing$4,775,691$890,458$285,598$604,860
Breaking Par$1,129,213$135,683-$135,683
Total Events$6,019,804$1,051,575$1,051,575-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$12,273,191
Annuities Payable$876,183
Interest Payable$614,482
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 2

BOARD MEMBER RELATIONSHIPS: Two board members are in-laws and two sets of board members are married. Part VI, Section B, Line 11B Process for Review of Form 990: The Finance Committee of the Board of Directors, in association with external auditors, approves the annual IRS Form 990 which is then made available to the entire Board before it is filed. Part VI, Section B, Line 12C Conflict of Interest Policy monitoring: Officers, directors and key employees complete a conflict of interest questionnaire annually. The information is reviewed by corporate officers and conflicts are reviewed with the Board of Directors. Part VI, Section B, Line 15A & 15B PROCESS FOR DETERMINING COMPENSATION: The Compensation Committee of the Board of Directors reviews and approves compensation of key employees annually. Part VI, Section C, Line 19 Governing documents are available upon request. The Conflict of interest policy is available upon request. The consolidated financial statements are available at www.michaeljfox.org. Part XI, line 9 Other changes in net assets: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT ($130,104) RETURNED GRANTS 1,151,837 ---------- $ 1,021,733

Filing and Contact Details

Filer

Filer Name
The Michael J Fox Foundation
EIN
13-4141945
In Care Of
% STEPHEN GRUBB - MJFF
Phone
2125090995
Address
GRAND CENTRAL STA PO BOX 4777, NEW YORK, NY 10163-4777

Signing Officer

Name
William Fowler
Title
Senior VP, Strat,fin
Phone
2125090995
Signed
2019-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Sherer
Formed
2000
Legal Domicile
De
Voting Board Members
43
Independent Board Members
43
Employees
170
Volunteers
20

Preparer

Firm
Eisneramper Llp
Address
750 THIRD AVENUE, NEW YORK, NY 10017-2703
Preparer
Candice Meth
Phone
2129498700
Supplemental Narrative

Additional Explanations

ORGANIZATION'S MISSION

FORM 990 - PART I, LINE 1 AND PART III, LINE 1: FINDING THE CURE FOR PARKINSONS TAKES AN ORGANIZATION WITH EXTRAORDINARY VISION. Actor Michael J. Fox established The Michael J. Fox Foundation for Parkinson's Research (the "Foundation"), incorporated in Delaware in 2000, after publicly disclosing in 1998 that he had been diagnosed with Parkinson's disease seven years earlier, at age 29. Today, The Michael J. Fox Foundation is the world's largest private funder of Parkinson's research. It is dedicated to accelerating a cure for Parkinson's disease and improved therapies for the estimated five million people living with the condition today. The Foundation pursues its goals through an aggressively funded, highly targeted research program coupled with active global engagement of scientists, Parkinson's patients, business leaders, clinical trial participants, donors and volunteers. In addition to funding more than $900,000,000 in research through the end of December 31, 2018, the Foundation has fundamentally altered the trajectory of progress toward a cure. Operating at the hub of worldwide Parkinson's research, the Foundation forges: (i) groundbreaking collaborations with industry leaders, academic scientists and government research funders; (ii) leverages new technologies to amplify the patient voice in Parkinson's research; (iii) mobilizes patients and loved ones to increase the flow of participants into clinical trials; and (iv) coordinates community engagement efforts including patient policy advocacy, education and community building through the grassroots involvement of thousands of Team Fox members around the world. From inception, the Foundation has invested in high-risk, high-reward research targets - an approach that in a few short years has transformed the field of Parkinson's disease research. The Foundation partners with the Parkinson's research community, speeding financial and intellectual resources to the scientists who are carrying out projects with the greatest promise to impact patients' lives in the near term. This includes strengthening the Parkinson's drug development pipeline by pushing forward investigations of genetic and other disease-modifying targets with the best chance of slowing Parkinson's disease progression, as well as addressing patients' unmet symptomatic needs. To date, the Foundation has evaluated work on more than 600 therapeutic targets, and has supported more than 125 clinical trials.

Financial Statement Notes

Schedule D, PART X, Question 2:

The Foundation follows the provisions of the Financial Accounting Standards Board's (the "FASB") Accounting Standards Codification ("ASC") Topic 740, Income Taxes, as it relates to accounting and reporting for uncertainty in income taxes. For the Foundation, these provisions could be applicable to the incurrence of unrelated business income tax ("UBIT") on the disallowed transit and qualified parking fringe benefits and merchandise sales. Because the Foundation has always recorded the potential liability for UBIT, and due to its general tax-exempt status, management believes ASC Topic 740 has not had, and is not expected to have, a material impact on the Foundation's consolidated financial statements.

PART XI, LINE 2D:

RECONCILIATION OF REVENUE: AMOUNTS REPRESENT REVENUES ATTRIBUTABLE TO THE MICHAEL J. FOX FOUNDATION FOR PARKINSON'S RESEARCH'S CANADIAN ENTITY OF: $815,382 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT: (130,104) ---------- $685,278 PART XII, LINE 2D and 4B: RECONCILIATION OF EXPENSES: LINE 2D - AMOUNTS REPRESENT REVENUES ATTRIBUTABLE TO THE MICHAEL J. FOX FOUNDATION FOR PARKINSON'S RESEARCH'S CANADIAN ENTITY OF: $815,382 LINE 4B - REPRESENTS RETURNED GRANTS OF $1,151,837

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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd28X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd29X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd30X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd31X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd32X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd33X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd34X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd35X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd36X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd37X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd38X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd39X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd40X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd41X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd42X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd43X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd44X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt320
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt330
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt340
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt350
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt360
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt370
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt380
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt390
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt400
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt410
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt420
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt430
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt440
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4539814
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4630267
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4718102
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4939814
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5022826
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5133021
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5217828
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5329446
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5432747
IRS990/Form990PartVIISectionAGrp/PersonNm0Michael J Fox
IRS990/Form990PartVIISectionAGrp/PersonNm1Jeffrey Keefer
IRS990/Form990PartVIISectionAGrp/PersonNm2Robert W Shackleton
IRS990/Form990PartVIISectionAGrp/PersonNm3Fred G Weiss
IRS990/Form990PartVIISectionAGrp/PersonNm4Holly S Andersen MD
IRS990/Form990PartVIISectionAGrp/PersonNm5Glenn Batchelder
IRS990/Form990PartVIISectionAGrp/PersonNm6Mark Booth
IRS990/Form990PartVIISectionAGrp/PersonNm7Jon Brooks
IRS990/Form990PartVIISectionAGrp/PersonNm8Barry J Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm9Andrew Creighton
IRS990/Form990PartVIISectionAGrp/PersonNm10John S Daly
IRS990/Form990PartVIISectionAGrp/PersonNm11Donny Deutsch
IRS990/Form990PartVIISectionAGrp/PersonNm12David Einhorn
IRS990/Form990PartVIISectionAGrp/PersonNm13Karen Finerman
IRS990/Form990PartVIISectionAGrp/PersonNm14Lee Fixel
IRS990/Form990PartVIISectionAGrp/PersonNm15Nelle Fortenberry
IRS990/Form990PartVIISectionAGrp/PersonNm16Akbar Gbajabiamila
IRS990/Form990PartVIISectionAGrp/PersonNm17Willie Geist
IRS990/Form990PartVIISectionAGrp/PersonNm18David Glickman
IRS990/Form990PartVIISectionAGrp/PersonNm19David Golub
IRS990/Form990PartVIISectionAGrp/PersonNm20Mark L Hart III
IRS990/Form990PartVIISectionAGrp/PersonNm21Anne M Holloway
IRS990/Form990PartVIISectionAGrp/PersonNm22SKIP IRVING
IRS990/Form990PartVIISectionAGrp/PersonNm23Edward Kalikow
IRS990/Form990PartVIISectionAGrp/PersonNm24Amar Kuchinad
IRS990/Form990PartVIISectionAGrp/PersonNm25Edwin A Levy
IRS990/Form990PartVIISectionAGrp/PersonNm26Marc S Lipschultz
IRS990/Form990PartVIISectionAGrp/PersonNm27Ofer Nemirovsky
IRS990/Form990PartVIISectionAGrp/PersonNm28Andrew J O'Brien
IRS990/Form990PartVIISectionAGrp/PersonNm29Douglas I Ostrover
IRS990/Form990PartVIISectionAGrp/PersonNm30Tracy Pollan
IRS990/Form990PartVIISectionAGrp/PersonNm31George E Prescott
IRS990/Form990PartVIISectionAGrp/PersonNm32Ryan Reynolds
IRS990/Form990PartVIISectionAGrp/PersonNm33Hartley T Richardson
IRS990/Form990PartVIISectionAGrp/PersonNm34Frederick E Rowe Jr
IRS990/Form990PartVIISectionAGrp/PersonNm35Lily Safra

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$439$243$196$505$452$52.8
2023Summary only. Only limited summary data is available for this year.$349$214$135$316$386$70.1
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$398$194$204$362$339$23.5
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$331$151$180$353$280$73.5
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$232$125$107$202$172$30.1
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$192$118$73.9$162$139$23.0
2018Detailed filing. Detailed filing data is available for this year.$154$104$50.0$122$127$4.07
2017Summary only. Only limited summary data is available for this year.$144$90.6$53.0$104$112$7.54
2016Summary only. Only limited summary data is available for this year.$139$78.1$60.6$114$102$12.4
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$80.8$48.1$98.9$96.6$2.28
2014Detailed filing. Detailed filing data is available for this year.$117$71.1$45.9$83.2$83.5$0.30
2013Detailed filing. Detailed filing data is available for this year.$121$74.9$46.2$91.5$83.7$7.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$67.0$38.4$70.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.5$74.4$21.1$65.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.2$56.6$21.6$60.1