Civic Intelligence

Michael J Fox Foundation for Parkinsons Research

990 • Fiscal year 2020 • EIN 13-4141945

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 16, 2021

Grand Central Sta PO Box 4777New York, NY 10163

(212) 509-0995

Siviq Scores

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

Liabilities / Assets

69th percentile

0.54x

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

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.62x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Net Margin

78th percentile

15%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

56th percentile

$987,604

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Asset Growth

83rd percentile

21%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

89th percentile

25%

Faster revenue growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Assets

Up

$231,669,888

Up $40,039,602 (+21%) from 2019

Net Assets

Up

$106,654,225

Up $32,729,625 (+44%) from 2019

Liabilities

Up

$125,015,663

Up $7,309,977 (+6.2%) from 2019

Revenue

Up

$202,285,896

Up $40,592,409 (+25%) from 2019

Expenses

Up

$172,205,904

Up $33,524,985 (+24%) from 2019

Net Income

Up

$30,079,992

Up $7,067,424 (+31%) from 2019

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

2020

Assets$231,669,888
Liabilities$125,015,663
Net Assets$106,654,225

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

2020

Revenue$202,285,896
Expenses$172,205,904
Net Income$30,079,992
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 16, 2021
Return Version
2020v4.1
Gross Receipts
$349,381,540
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 finding a cure for parkinson's disease through an aggressively funded research agenda.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$67,406,918$106,800,305▲ $39,393,387
Investments in Publicly Traded Securities$81,613,399$88,822,242▲ $7,208,843
Pledges and Grants Receivable$26,227,084$19,451,387▼ $6,775,697
Land, Buildings, and Equipment, Net$11,341,074$10,216,059▼ $1,125,015
Prepaid Expenses and Deferred Charges$2,588,901$2,637,555▲ $48,654
Inventories for Sale or Use$62,554$66,708▲ $4,154
Cash and Non-Interest-Bearing Accounts$253$253→ $0
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$191,630,286$231,669,888▲ $40,039,602
Other Assets Total$2,390,103$3,675,379▲ $1,285,276
Liabilities
Grants Payable$97,658,723$103,022,142▲ $5,363,419
Other Liabilities$13,752,977$13,465,710▼ $287,267
Unsecured Notes Loans Payable$1,150,196$4,854,524▲ $3,704,328
Accounts Payable and Accrued Expenses$5,141,790$3,673,287▼ $1,468,503
Deferred Revenue$2,000$0▼ $2,000
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$117,705,686$125,015,663▲ $7,309,977
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,282,619$86,579,740▲ $39,297,121
Net Assets With Donor Restrictions$26,641,981$20,074,485▼ $6,567,496
Total Net Assets Fund Balance$73,924,600$106,654,225▲ $32,729,625
Total Liabilities and Net Assets / Fund Balance$191,630,286$231,669,888▲ $40,039,602

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$9,243,730$4,528,465$13,772,195
Other Land Buildings$932,430$1,395,416$2,327,846
Equipment$39,899$1,513,343$1,553,242
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah W BrooksCo-Founder & Exec. Vice ChairFT$414,487$573,117$987,604
Todd ShererCEOFT$410,549$527,055$937,604
Sohini ChowdhuryDeputy CEOFT$321,440$246,050$567,490
Brian K FiskeSVP, Research ProgramsFT$246,905$100,495$347,400
Mark A FrasierSVP, Research ProgramsFT$250,300$97,100$347,400
Holly TeichholtzSVP, comm & content strategiesFT$247,060$92,843$339,903
William FowlerSVP, Strat, Fin & OperationsFT$244,080$78,321$322,401
Rachel DolhunVP, Medical CommunicationsFT$223,839$67,947$291,786
Michele GolombuskiSVP DevelopmentFT$218,631$73,149$291,780

Highest Paid Contractors

ContractorServicesLocationCompensation
ESRT West 34th StreetLPRent111 WEST 33RD ST 12TH FL, New York, NY 10120$5,684,598
Brand Union Company LLCAdvertising3 COLUMBUS CIRCLE, New York, NY 10019$900,200
Allied PrintingPrintingPO Box 850, Manchester, CT 06045$883,034
Yld LtdTech. Development114 5TH AVE 17TH FLOOR, New York, NY 10011$530,000
James FitzgeraldConstruction48 W 38th St 9th floor, New York, NY 10018$509,665
Revenue and Support

Revenue Composition

Contributions and Grants
$198,954,743
Program Service Revenue
$0
Investment Income
$1,223,652
Other Revenue
$2,107,501
All Other Contributions
$193,889,045
Change in Net Assets
$30,079,992

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 Traded163$122,159,602Fair Value
Total Noncash Contributions163$122,159,602-

Audited Revenue Reconciliation

Revenue per Audited Statements
$202,285,746
Revenue Not Reported on Financial Statements
$150
Revenue Not Reported on Form 990
$2,383,416
Total Revenue per Audited Statements
$204,669,162
Total Revenue per Form 990
$202,285,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$130,743,478
Salaries, Compensation, and Employee Benefits$24,034,862
Other Expenses$17,427,564
Total Fundraising Expense$13,881,513
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$85,350,275--$85,350,275
Foreign Grants$45,393,203--$45,393,203
Other Salaries and Wages$8,635,060$3,009,251$5,415,133$17,059,444
Occupancy$1,811,851$2,619,390$725,232$5,156,473
Fees for Services Other$1,652,590$593,582$558,551$2,804,723
Current Officers, Directors, Trustees, and Key Employees$1,391,010$353,994$975,552$2,720,556
Advertising$598,418-$1,380,993$1,979,411
Payroll Taxes$979,444$333,111$650,434$1,962,989
Depreciation Depletion$977,482$228,173$570,129$1,775,784
Information Technology$705,993$222,586$512,398$1,440,977
Other Employee Benefits$633,130$215,330$420,452$1,268,912
Pension Plan Contributions$510,412$173,592$338,957$1,022,961
Travel$470,729$11,523$114,744$596,996
Office Expenses$177,019$4,000$339,771$520,790
Other Expenses$73,865$96,874$229,561$400,300
Fees for Services Legal$156,432$62,520$73,906$292,858
Fees for Services Lobbying--$222,211$222,211
Insurance$120,354$21,003$40,031$181,388
Interest-$80,712-$80,712
Fees for Services Accounting-$66,750-$66,750
Fees for Service Investment Mgmnt Fees-$150-$150
Total Functional Expenses$150,165,397$8,158,994$13,881,513$172,205,904

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$172,205,904
Total Expenses per Audited Statements$171,939,537
Expenses per Audited Statements$171,233,459
Expenses Not Reported on Financial Statements$972,445
Other Expense Adjustments$972,295
Expenses Not Reported on Form 990$706,078
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Circuit Therapeutics IncMenlo Park, CAPublic SectorPARKINSON'S RESEARCH$8,162,906
Yale UniversityNew Haven, CT501(c)(3)PARKINSON'S RESEARCH$5,853,984
University of California BerkeleyBerkeley, CA501(c)(3)PARKINSON'S RESEARCH$4,484,985
The Institute for Neurodegenerative DisordersNew Haven, CT501(c)(3)PARKINSON'S RESEARCH$4,436,740
Blackfynn IncPhiladelphia, PAPublic SectorPARKINSON'S RESEARCH$4,019,329
Greenphire IncKing of Prussia, PAPublic SectorPARKINSON'S RESEARCH$3,750,513
Massachusetts General Hospital (The General HospitBoston, MA501(c)(3)PARKINSON'S RESEARCH$3,651,892
University of California (UCSF)San Francisco, CA501(c)(3)PARKINSON'S RESEARCH$3,309,624
Indiana UniversityBloomington, IN501(c)(3)PARKINSON'S RESEARCH$3,205,361
Memorial Sloan Kettering Cancer CenterNew York, NY501(c)(3)PARKINSON'S RESEARCH$3,081,824
Brigham and Women's HospitalBoston, MA501(c)(3)PARKINSON'S RESEARCH$3,031,027
The Research Foundation for Metal HygieneNew York, NYPublic SectorPARKINSON'S RESEARCH$2,999,909
University of California San DiegoLa Jolla, CA501(c)(3)PARKINSON'S RESEARCH$2,774,065
Rush University Medical CenterChicago, IL501(c)(3)PARKINSON'S RESEARCH$2,687,311
Illumina IncSan Diego, CA501(c)(3)PARKINSON'S RESEARCH$2,422,580
Harvard UniversityBoston, MA501(c)(3)PARKINSON'S RESEARCH$2,422,150
University of Texas Medical School at HoustonHouston, TX501(c)(3)PARKINSON'S RESEARCH$2,250,091
University of MinnesotaMinneapolis, MN501(c)(3)PARKINSON'S RESEARCH$2,133,873
Evidation HealthSan Mateo, CAPublic SectorPARKINSON'S RESEARCH$1,886,060
University of IowaIowa City, IA501(c)(3)PARKINSON'S RESEARCH$1,458,041
University of Southern CaliforniaLos Angeles, CA501(c)(3)PARKINSON'S RESEARCH$1,344,242
National Institute on Aging (NIH)Bethesda, MD501(c)(3)PARKINSON'S RESEARCH$1,250,554
National Human Genome Research Institute (NHGRI)Bethesda, MD501(c)(3)PARKINSON'S RESEARCH$1,121,100
University of California Los AngelesLos Angeles, CA501(c)(3)PARKINSON'S RESEARCH$1,049,887
CuraX Therapeutics CorporationPalo Alto, CA501(c)(3)PARKINSON'S RESEARCH$1,000,000
Anavex Life Sciences CorpNew York, NY501(c)(3)PARKINSON'S RESEARCH$995,863
University of FloridaGainesville, FL501(c)(3)PARKINSON'S RESEARCH$889,000
Cleveland Clinic FoundationCleveland, OH501(c)(3)PARKINSON'S RESEARCH$876,976
Stanford UniversityStanford, CA501(c)(3)PARKINSON'S RESEARCH$808,132
Icahn School of Medicine Mount SinaiNew York, NY501(c)(3)PARKINSON'S RESEARCH$798,807
National Institutes of Health NIA LNGBethesda, MDGOV'TPARKINSON'S RESEARCH$791,741
University of PittsburghPittsburgh, PA501(c)(3)PARKINSON'S RESEARCH$742,320
Merck Sharp & Dohme CorpKenilworth, NJPublic SectorPARKINSON'S RESEARCH$727,000
Mondo RobotBoulder, COPublic SectorPARKINSON'S RESEARCH$702,709
Rutgers Robert Wood Johnson Med SchoolPiscataway, NJ501(c)(3)PARKINSON'S RESEARCH$676,651
Yesse Technologies IncNew York, NYPublic SectorPARKINSON'S RESEARCH$667,143
Ge HealthcareMarlborough, MAPublic SectorPARKINSON'S RESEARCH$650,000
University of GeorgiaAtlanta, GA501(c)(3)PARKINSON'S RESEARCH$647,325
University of PennsylvaniaPhiladelphia, PA501(c)(3)PARKINSON'S RESEARCH$576,762
University of RochesterRochester, NY501(c)(3)PARKINSON'S RESEARCH$557,502
Cohen Veterans Bioscience IncCambridge, MA501(c)(3)PARKINSON'S RESEARCH$549,946
University of Alabama at BirminghamBirmingham, AL501(c)(3)PARKINSON'S RESEARCH$548,482
California Institute of TechnologyPasadena, CA501(c)(3)PARKINSON'S RESEARCH$500,000
Wake Forest University Health SciencesWinstonsalem, NCPublic SectorPARKINSON'S RESEARCH$481,949
Amydis IncSan Diego, CAPublic SectorPARKINSON'S RESEARCH$457,435
Axial Biotherapeutics IncWaltham, MAPublic SectorPARKINSON'S RESEARCH$443,266
Data TecnicaGlen Echo, MDPublic SectorPARKINSON'S RESEARCH$418,520
Neurolixis IncDana Point, CAPublic SectorPARKINSON'S RESEARCH$414,030
Northwestern UniversityChicago, IL501(c)(3)PARKINSON'S RESEARCH$405,832
Kaiser Foundation Research InstituteOakland, CAPublic SectorPARKINSON'S RESEARCH$402,798
MedChem Imaging LLcBoston, MAPublic SectorPARKINSON'S RESEARCH$400,000
California Department of Public HealthSacramento, CA501(c)(3)PARKINSON'S RESEARCH$369,117
Van Andel Research InstituteGrand Rapids, MI501(c)(3)PARKINSON'S RESEARCH$358,634
The Brand Union Company LLCNew York, NYPublic SectorPARKINSON'S RESEARCH$350,000
Mayo Clinic JacksonvilleJacksonville, FL501(c)(3)PARKINSON'S RESEARCH$344,706
Caraway Therapeutics IncCambridge, MAPublic SectorPARKINSON'S RESEARCH$332,555
BioLegendSan Diego, CAPublic SectorPARKINSON'S RESEARCH$326,627
Columbia UniversityNew York, NY501(c)(3)PARKINSON'S RESEARCH$317,377
Psomagen IncRockville, MDPublic SectorPARKINSON'S RESEARCH$300,000
Cantabio Pharmaceuticals IncPalo Alto, CAPublic SectorPARKINSON'S RESEARCH$299,913
GeneDetectcom LimitedSarasota, FLPublic SectorPARKINSON'S RESEARCH$299,000
Michigan State UniversityEast Lansing, MI501(c)(3)PARKINSON'S RESEARCH$294,449
Bbk Worldwide LLCNeedham, MA501(c)(3)PARKINSON'S RESEARCH$262,856
NeuroScience Associates IncKnoxville, TN501(c)(3)PARKINSON'S RESEARCH$254,320
NextceaWoburn, MAPublic SectorPARKINSON'S RESEARCH$253,905
American Type Culture Collection (ATCC)Manassas, VA501(c)(3)PARKINSON'S RESEARCH$241,055
Henry Ford HospitalWest Bloomfield, MI501(c)(3)PARKINSON'S RESEARCH$237,340
University of Kentucky Research FoundationLexington, KY501(c)(3)PARKINSON'S RESEARCH$200,000
State University of New York at BinghamptonVestal, NY501(c)(3)PARKINSON'S RESEARCH$198,889
Progenra IncMalvern, PAPublic SectorPARKINSON'S RESEARCH$190,000
Children's Hospital BostonBoston, MA501(c)(3)PARKINSON'S RESEARCH$187,633
Envigo Rms LLCIndianapolis, INPublic SectorPARKINSON'S RESEARCH$157,237
McLean Hospital CorporationBelmont, MAPublic SectorPARKINSON'S RESEARCH$150,000
Beth Israel-New YorkNew York, NY501(c)(3)PARKINSON'S RESEARCH$147,723
AbcamCambridge, MAPublic SectorPARKINSON'S RESEARCH$146,813
TaconicRensselaer, NYPublic SectorPARKINSON'S RESEARCH$140,536
Invicro LLCNew Haven, CT501(c)(3)PARKINSON'S RESEARCH$140,350
Flight Centre Travel Group (usa) IncMontvale, NJPublic SectorPARKINSON'S RESEARCH$130,000
Arizona State UniversityTempe, AZ501(c)(3)PARKINSON'S RESEARCH$127,329
Sensonics IncHaddon Heights, NJPublic SectorPARKINSON'S RESEARCH$117,666
Gismo Therapeutics IncLexington, KYPublic SectorPARKINSON'S RESEARCH$116,519
Oregon Health & Science UniversityPortland, OR501(c)(3)PARKINSON'S RESEARCH$107,498
Welocalize IncFrederick, MDPublic SectorPARKINSON'S RESEARCH$100,000
Altura LLCMission Viejo, CAPublic SectorPARKINSON'S RESEARCH$90,000
Sonica LLCEvanston, ILPublic SectorPARKINSON'S RESEARCH$81,947
21st Century BiochemicalsMarlboro, MAPublic SectorPARKINSON'S RESEARCH$74,045
Pennsylvania State UniversityHershey, PA501(c)(3)PARKINSON'S RESEARCH$73,600
Critical Path InstituteTucson, AZ501(c)(3)PARKINSON'S RESEARCH$70,597
Blue State DigitalBrooklyn, NYPublic SectorPARKINSON'S RESEARCH$70,000
Longevity Biotech IncPhiladelphia, PAPublic SectorPARKINSON'S RESEARCH$50,042
Fulgent Therapeutics LLCTemple City, CAPublic SectorPARKINSON'S RESEARCH$40,000
Banner Sun Health Research InstitutePhoenix, AZ501(c)(3)PARKINSON'S RESEARCH$39,324
Duke UniversityDurham, NC501(c)(3)PARKINSON'S RESEARCH$37,313
QualtricsProvo, UTPublic SectorPARKINSON'S RESEARCH$33,375
New England Independent Review Board LLCNeedham, MAPublic SectorPARKINSON'S RESEARCH$32,500
Parkinson's FoundationNew York, NY501(c)(3)PARKINSON'S RESEARCH$30,000
Iron MountainBoston, MAPublic SectorPARKINSON'S RESEARCH$23,940
Sneha MantriDurham, NCPublic SectorPARKINSON'S RESEARCH$21,128
Charles RiverWilmington, MAPublic SectorPARKINSON'S RESEARCH$13,801
Paris Adkins-jacksonCompton, CAPublic SectorPARKINSON'S RESEARCH$11,500
Rancho Biosciences LLCRancho Santa Fe, CAPublic SectorPARKINSON'S RESEARCH$10,000
Translational Genomics Research InstitutePhoenix, AZ501(c)(3)PARKINSON'S RESEARCH$7,964

International Summary

Spending
$45,393,203

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---$35,737,575
North AmericaGrantmaking---$8,663,697
East Asia and the PacificGrantmaking---$659,915
South AmericaGrantmaking---$210,000
Middle East and North AfricaGrantmaking---$122,016
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$206,331
Fundraising Gross Income$206,331
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breaking Par$1,034,196$173,837$49,022$124,815
Funny thing$4,003,620$3,329$3,329$0
Total Events$5,272,029$206,331$206,331-
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$11,144,505
Annuities Payable$1,548,747
Interest Payable$772,458
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 35% controlled entity
No
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

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 officers and 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 $ 149,961 RETURNED GRANTS 972,295 REFUNDED GRANT(INCLUDED WITH INCOME ON FS) 1,080,000 ----------- $ 2,202,256

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

Signing Officer

Name
Stephen GRubb
Title
Senior VP, Strat,fin
Phone
2125090995
Signed
2021-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Sherer
Formed
2000
Legal Domicile
De
Voting Board Members
47
Independent Board Members
47
Employees
175
Volunteers
20

Preparer

Firm
Eisner Advisory Group LLC
Address
733 THIRD AVENUE, NEW YORK, NY 10017-2703
Preparer
Candice Meth
Phone
2129498700
Supplemental Narrative

Additional Explanations

FORM 990 - PART I, LINE 1 AND PART III, LINE 1:

ORGANIZATION'S MISSION FINDING THE CURE FOR PARKINSON'S DISEASE 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 Foundation is the world's largest not-for-profit funder of Parkinson's research. It is dedicated to accelerating a cure and improved therapies for the estimated six million people worldwide living with Parkinson's disease today. The Foundation pursues its goals through an aggressively funded, highly targeted research program, coupled with the active global engagement of scientists, Parkinson's patients and care partners, business leaders, clinical-trial participants and donors. In addition to funding more than $1 billion in research programs through the end of December 31, 2020, the Foundation has fundamentally altered the trajectory of progress towards a cure. Positioned at the global hub of Parkinson's research, the Foundation: (i) forges 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 emerging targets with the best chance of stopping or slowing Parkinson's disease progression, as well as by 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 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: amount represents revenues attributable to the michael j. Fox foundation for parkinson's research's canadian entity of: $ 706,078 and the change in value of split interest agreements: 149,961 ----------- $ 856,039 part xii, line 2d and 4b: reconciliation of expenses: line 2d - amount represents expenses attributable to the michael j. Fox foundation for parkinson's research's canadian entity of: $ 706,078 line 4b - represents returned grants of $972,295

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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/OtherCompensationAmt450
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt460
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt470
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt490
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt510
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt520
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt530
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt540
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt550
IRS990/Form990PartVIISectionAGrp/PersonNm0Deborah W Brooks
IRS990/Form990PartVIISectionAGrp/PersonNm1Todd Sherer
IRS990/Form990PartVIISectionAGrp/PersonNm2Sohini Chowdhury
IRS990/Form990PartVIISectionAGrp/PersonNm3Mark A Frasier
IRS990/Form990PartVIISectionAGrp/PersonNm4Brian K Fiske
IRS990/Form990PartVIISectionAGrp/PersonNm5Holly Teichholtz
IRS990/Form990PartVIISectionAGrp/PersonNm6William Fowler
IRS990/Form990PartVIISectionAGrp/PersonNm7Rachel Dolhun
IRS990/Form990PartVIISectionAGrp/PersonNm8Michele Golombuski
IRS990/Form990PartVIISectionAGrp/PersonNm9Michael J Fox
IRS990/Form990PartVIISectionAGrp/PersonNm10Jeffrey Keefer
IRS990/Form990PartVIISectionAGrp/PersonNm11Fred G Weiss
IRS990/Form990PartVIISectionAGrp/PersonNm12Skip Irving
IRS990/Form990PartVIISectionAGrp/PersonNm13Holly S Andersen MD
IRS990/Form990PartVIISectionAGrp/PersonNm14Bonnie Bandeen
IRS990/Form990PartVIISectionAGrp/PersonNm15Glenn Batchelder
IRS990/Form990PartVIISectionAGrp/PersonNm16Susan Bilotta
IRS990/Form990PartVIISectionAGrp/PersonNm17Mark Booth
IRS990/Form990PartVIISectionAGrp/PersonNm18Jon Brooks
IRS990/Form990PartVIISectionAGrp/PersonNm19Barry J Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm20Andrew Creighton
IRS990/Form990PartVIISectionAGrp/PersonNm21John S Daly
IRS990/Form990PartVIISectionAGrp/PersonNm22Donny Deutsch
IRS990/Form990PartVIISectionAGrp/PersonNm23David Einhorn
IRS990/Form990PartVIISectionAGrp/PersonNm24Karen Finerman
IRS990/Form990PartVIISectionAGrp/PersonNm25Lee Fixel
IRS990/Form990PartVIISectionAGrp/PersonNm26Nelle Fortenberry
IRS990/Form990PartVIISectionAGrp/PersonNm27Akbar Gbajabiamila
IRS990/Form990PartVIISectionAGrp/PersonNm28Willie Geist
IRS990/Form990PartVIISectionAGrp/PersonNm29David Glickman
IRS990/Form990PartVIISectionAGrp/PersonNm30Mark L Hart III

Document Assets

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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
2020Detailed filing. Detailed filing data is available for this year.$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
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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