The Michael J. Fox Foundation Annual Report

52 The Michael J. Fox Foundation for Parkinson’s Research Consolidated Statements of Financial Position As of December 31 2014 2013 ASSETS Cash and cash equivalents $ 97,476,247 $ 93,724,013 Investments 1,287,327 1,352,125 Contributions receivable, net 15,995,428 23,133,335 Beneficial interest in trusts 267,295 273,965 Prepaid expenses and other current assets 560,555 444,287 Security deposits 845,586 838,127 Inventory 40,920 52,729 Property and equipment, net 1,107,159 1,602,342 Total Assets $ 117,580,517 $ 121,420,923 LIABILITIES AND NET ASSETS Liabilities: Accounts payable and accrued expenses $ 2,140,662 $ Grants payable, net 67,293,865 Loans payable 1,150,196 Interest payable 337,017 Deferred rent 644,656 Annuities payable 147,448 Deferred revenues 2,023,706 70,790,386 1,150,196 274,883 719,273 161,088 131,500 Total Liabilities 71,713,884 75,251,032 Net assets: Unrestricted $ Temporarily restricted 26,917,079 $ 18,949,554 Total net assets 45,866,633 Total Liabilities and Net Assets THE MICHAEL J. FOX FOUNDATION ANNUAL REPORT 2014 $ 117,580,517 28,843,135 17,326,756 46,169,891 $ 121,420,923

The Michael J. Fox Foundation Annual Report | Page 56