Issue link: http://endeavor.uberflip.com/i/1058114
8 6 EN D E AVO R I M PAC T R EP O RT 20 17–1 8 ENDEAVOR GLOBAL EXECU TIVE STAFF Linda Rottenberg Co-founder and CEO Fernando Fabre President 2010–2018 Adrian Garcia-A ranyos Incoming President A llen Taylor Managing Director, Endeavor Catalyst Dav id Wachtel SVP, Marketing, Communications and Partnerships Joanna Harries SVP, Entrepreneur Selection and Growth Lawrence Brooks SVP, Finance R hett Morris Director, Endeavor Insight MANAGING DIRECTORS OF LOCAL OFFICES Argentina: María Julia Bearzi Atlanta: Aaron Hurst Brazil: Camilla Junqueira Bulgaria: Momchil Vassilev Chile: José Manuel Correa Colombia: Adriana Suárez Detroit: Antonio Lück Ecuador: Santiago Ribadeneira Egypt: Mohamed Rahmy Greece: Panagiotis Karampinis Indonesia: Sati Rasuanto Italy: Raffaele Mauro Japan: Ryoko Manabe Jordan: Reem Goussous Kenya: Fiona Mungai Lebanon: Christina Chehade Louisville: Jackson Andrews Malaysia: Arthur Chan Mexico: Vincent Speranza Miami: Laura Maydón Morocco: Nawfal Fassi Fihri Nigeria: Eloho Omame Peru: Debbie Jaffe Philippines: Manuel Ayala Puerto Rico: Erika Medina-Vecchini Saudi Arabia: Lateefa Alwaalan South Africa: Catherine Townshend Spain: Antonio Iglesias Tunisia: Walid Bellagha Turkey: Aslı Kurul United Arab Emirates: Noor Shaw wa Uruguay: Joaquin Morixe Vietnam: Lan Anh Nguyen STATEMENT OF FINANCIAL POSITION December 31, 2017 in US $ assets total Cash and cash equivalents 10,822,992 Contributions receivable 3,824,665 Grants and other receivables 560,013 Investments 37,835,491 Prepaid expenses and other assets 144,253 Due from affiliated entities 209,215 Property and equipment (net) 815,065 TOTAL ASSETS 54,211,694 liabilities Accounts payable and other accrued liabilities 1,173,120 Due to affiliated entities 411,995 Deferred rent and capital lease obligations 269,282 TOTAL LIABILITIES 1,854,397 net assets Unrestricted net assets 48,518,753 Temporarily restricted 3,813,544 Permanently restricted net assets 25,000 TOTAL NET ASSETS 52,357,297 TOTAL LIABILITIES AND NET ASSETS 54,211,694 CONSOLIDATED STATEMENT OF ACTIVITIES December 31, 2017 in US $ temporarily permanently revenues unrestricted restricted restricted total Contributions 2,378,030 602,500 2,980,530 Grants 2,600,126 2,600,126 Gala and other fund-raising events 2,752,464 2,752,464 Net realized and unrealized gains (losses) on investments 431,098 431,098 Interest, dividend, and other income 280,319 280,319 Net assets released from restrictions 2,583,955 (2,583,955) TOTAL REVENUES 11,025,992 (1,981,455) 9,044,537 expenses Entrepreneur Selection and Growth 4,830,957 4,830,957 eMBA 198,730 198,730 Endeavor Net 198,730 198,730 Organizational Development 703,645 703,645 Insight 1,276,923 1,276,923 New country expansion 1,176,368 1,176,368 Partnerships and Networks 748,024 748,024 Philanthropic Networks 247,969 247,969 TOTAL PROGRAM EXPENSES 9,381,345 9,381,345 Cost of direct benefits to donor 622,655 622,655 Fundraising and development 2,427,390 2,427,390 Management and general 1,449,566 1,449,566 TOTAL EXPENSES 13,880,956 13,880,956 Change in net assets before other changes (2,854,964) (1,981,455) (4,836,419) Partners' capital contributions 13,591,487 13,591,487 Partner's capital distributions (222,529) (222,529) CHANGE IN NET ASSETS 10,513,994 (1,981,455) 8,532,539 Net assets, beginning of year 38,004,758 5,795,000 25,000 43,824,758 NET ASSETS, END OF YEAR 48,518,752 3,813,545 25,000 52,357,297 A complete set of the audited financial statements by Grant ornton for the fiscal year ending December 31, 2017 can be obtained by sending a written request to Endeavor Global, Inc. at 900 Broadway STE 301, New York, New York 10003, USA. ese financials include Endeavor Global and its subsidiaries, but do not include information about Endeavor's affiliate offices.