Michael J Fox Foundation For Parkinsons Research
- Assets
- $330.5m
- Revenue
- $353.4m
- Investments
- $0.0
- Employees
- 192
- Location
- New York, NY
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 13-4141945
Organization Overview
Michael J Fox Foundation For Parkinsons Research is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (H48) the organization is classified as: Brain Disorders Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Michael J Fox Foundation For Parkinsons Research employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael J Fox Foundation For Parkinsons Research is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Michael J Fox Foundation For Parkinsons Research generated $353.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $279.9m during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael J Fox Foundation For Parkinsons Research has awarded 1,195 individual grants totaling $527,974,291. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO FINDING A CURE FOR PARKINSON'S DISEASE.
Describe the Organization's Program Activity:
TO FUND RESEARCH FOCUSED ON DEVELOPING A CURE FOR PARKINSON'S DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah W Brooks Co-Founder & CEO | Officer | 40 | $946,342 |
Todd Sherer Evp, Research Strategy | Officer | 40 | $893,360 |
Sohini Chowdhury Deputy CEO | Officer | 40 | $532,591 |
Brian K Fiske Chief Science Officer | 40 | $337,833 | |
Mark A Frasier Chief Science Officer | 40 | $335,510 | |
Holly Teichholtz Chief Marketing Officer | 40 | $309,686 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Msix Communications Canada Ltd Advertising | 12/30/21 | $2,195,769 |
Brand Union Company Llc Advertising | 12/30/21 | $617,025 |
Esrt West 34th Street Lp Rent | 12/30/21 | $5,187,328 |
Allied Printing Services Printing | 12/30/21 | $1,720,502 |
Yld Ltd Tech Development | 12/30/21 | $1,466,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,111,229 |
| Related organizations | $0 |
| Government grants | $3,704,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,902,024 |
| Noncash contributions included in lines 1a–1f | $236,043,932 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,717,581 |
| Total Program Service Revenue | $0 |
| Investment income | $526,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,153,853 |
| Net Gain/Loss on Asset Sales | $1,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,023 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,405,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $183,569,045 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $49,386,502 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,942,677 |
| Compensation of current officers, directors, key employees. | $382,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,817,878 |
| Pension plan accruals and contributions | $969,286 |
| Other employee benefits | $2,261,423 |
| Payroll taxes | $1,437,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $256,161 |
| Fees for services: Accounting | $78,846 |
| Fees for services: Lobbying | $435,257 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $3,145,704 |
| Advertising and promotion | $3,352,498 |
| Office expenses | $908,873 |
| Information technology | $1,741,568 |
| Royalties | $0 |
| Occupancy | $5,339,840 |
| Travel | $438,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,565,215 |
| Insurance | $173,187 |
| All other expenses | $0 |
| Total functional expenses | $279,892,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253 |
| Savings and temporary cash investments | $206,758,445 |
| Pledges and grants receivable | $22,408,960 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,204 |
| Prepaid expenses and deferred charges | $1,217,916 |
| Net Land, buildings, and equipment | $8,869,711 |
| Investments—publicly traded securities | $89,955,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,241,247 |
| Total assets | $330,549,492 |
| Accounts payable and accrued expenses | $4,178,763 |
| Grants payable | $135,654,334 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,711,478 |
| Total liabilities | $150,544,575 |
| Net assets without donor restrictions | $54,063,847 |
| Net assets with donor restrictions | $125,941,070 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $330,549,492 |
Grants Awarded
Over the last fiscal year, Michael J Fox Foundation For Parkinsons Research has awarded $134,422,363 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: PARKINSON'S RESEARCH | $14,209,788 |
Durham, NC PURPOSE: PARKINSON'S RESEARCH | $11,940,700 |
Redwood City, CA PURPOSE: PARKINSON'S RESEARCH | $8,552,587 |
Pittsburgh, PA PURPOSE: PARKINSON'S RESEARCH | $7,993,064 |
New Haven, CT PURPOSE: PARKINSON'S RESEARCH | $7,889,561 |
La Jolla, CA PURPOSE: PARKINSON'S RESEARCH | $7,874,813 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Michael J Fox Foundation For Parkinsons Research has recieved totaling $119,500.
| Awarding Organization | Amount |
|---|---|
Parkinsons Unity Walk Inc Kingston, NJ PURPOSE: RESEARCH AND AWARENESS ACTIVITIES RELATING TO PARKINSON'S DISEASE, PUBLIC POLICY FORUM, PROJECT TO SUPPORT RESTARTING OF RESEARCH IN LABORATORIES. | $70,000 |
Marcotte Family Foundation Inc Asheville, NC PURPOSE: PROGRAM SERVICES | $25,000 |
Blanke Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $10,200 |
Amicus Amico Foundation Wilmington, DE PURPOSE: FUND RESEARCH AND DEVELOPMENT OF IMPROVED THERAPIES FOR THOSE LIVING WITH PARKINSON'S DISEASE | $5,000 |
Jjk Foundation Herndon, VA PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
The Green Oak Foundation Sherman Oaks, CA PURPOSE: TO CURE PARKINSON'S. | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michael J Fox Foundation For Parkinsons Research New York, NY | $330,549,492 | $353,405,980 |
The International Academy Of Hope New York, NY | $21,778,473 | $17,024,094 |
Tisch Multiple Sclerosis Research Center Of New York Inc New York, NY | $14,119,730 | $12,621,293 |
Apbd Research Foundation Brooklyn, NY | $480,862 | $398,154 |
Ibrea Foundation New York, NY | $1,239,920 | $344,213 |
Mind Your Brain Berwyn, PA | $206,976 | $300,317 |
Bounce Out The Stigma Project Inc Allendale, NJ | $44,213 | $0 |
Pierce Family Fragile X Foundation Inc Winchester, MA | $47,634 | $0 |
Charles Maddock Foundation New York, NY | $0 | $391 |
Neuronetworks Fund Inc New Canaan, CT | $156,501 | $0 |
Irene & Eric Simon Brain Research Foundation Inc Sparta, NJ | $310,495 | $0 |
Bryces Bridge Of Hope Thorofare, NJ | $6,277 | $26 |