Issue link: http://endeavor.uberflip.com/i/414924
ENDEAVOR GLOBAL EXECUTIVE STAFF Linda Rottenberg CoİFounder & CEO Fernando Fabre President Lawrence Brooks SVP, Finance & Administration Walt Mayo SVP, Expansion David Wachtel SVP, Marketing, Communications & Partnerships Joanna Harries VP, U.S. & Canada Cindy Ko VP, Asia Bianca Martinelli VP, Latin America & Southern Europe Allen Taylor VP, Investor Network & Endeavor Catalyst Daniela Terminel VP, EMEA MANAGING DIRECTORS OF AFFILIATE OFFICES Argentina: Gabriela Macagni Brazil: Juliano Seabra Chile: María de los Angeles Romo Colombia: Adriana Suárez Egypt: Heba Gamal Greece: Haris Makryniotis Indonesia: Sati Rasuanto Jordan: Rasha Manna Lebanon: Tarek Sadi Malaysia: Zaman Ahmad Mexico: Pilar María Aguilar Miami: Laura Maydón Morocco: Amine Hazzaz Peru: Ana Sofia Valdivia Philippines: Manuel Ayala Saudi Arabia: Rakan Al Eidi South Africa: Catherine Townshend Spain: Adrian GarciaİAranyos Turkey: Didem Altop United Arab Emirates: Noor Shawwa Uruguay: Joaquin Morixe STATEMENT OF FINANCIAL POSITION December 31, 2013 in U.S. $ Total ASSETS Cash and cash equivalents 10,207,024 Contributions receivable 5,193,318 Grants receivable 1,051,020 Investments 7,464,452 Prepaid expenses and other assets 278,015 Due from affiliated entities 276,336 Property and equipment (net) 1,139,428 Total Assets 25,609,593 LIABILITIES AND NET ASSETS Accounts payable and other accrued liabilities 425,330 Due to affiliated entities 526,938 Deferred rent and capital lease obligations 282,531 Total Liabilities 1,238,799 NET ASSETS Unrestricted 19,411,072 Temporarily restricted 4,685,351 Permanently restricted 25,000 Noncontrolling interest in Catalyst ILP 253,371 Total Liabilities 24,374,794 Total Liabilities and Net Assets 25,609,593 CONSOLIDATED STATEMENT OF ACTIVITIES December 31, 2013 in U.S. $ temporarily permanently unrestricted restricted restricted Total SUPPORT AND REVENUE Contributions 1,190,065 3,280,000 4,470,065 Grants 3,650,900 348,763 3,999,663 Gala & other fund-raising events 2,400,644 2,400,644 Program service fees 1,000,000 1,000,000 Net realized & unrealized gains (losses) on investments (152,093) (152,093) Interest & other income 263,831 263,831 In-kind services & goods 4,177,633 4,177,633 Net assets released from restriction 2,475,315 (2,475,315) Total Revenues 15,006,295 1,153,448 16,159,743 EXPENSES Entrepreneur selection & growth 4,213,786 4,213,786 eMBA 336,548 336,548 Endeavor Net 363,071 363,071 Organizational development 1,553,835 1,553,835 Insight 1,127,883 1,127,883 New country expansion 2,401,217 2,401,217 Partnerships & networks 1,426,716 1,426,716 Philanthropic networks 563,419 563,419 Total Program Expenses 11,986,475 11,986,475 Cost of direct benefits to donor 305,709 305,709 Fundraising and development 1,840,253 1,840,253 Management and General 674,210 674,210 Total Expenses 14,806,647 14,806,647 Change in net assets 199,648 1,153,448 1,353,096 Partners' capital contributions 940,000 940,000 Net assets, beginning of year 18,524,795 3,531,903 25,000 22,081,698 Net Assets, end of year 19,664,443 4,685,351 25,000 24,374,794 A complete set of the audited financial statements by McGladrey & Pullen for the fiscal year ending December 31, 2013 can be obtained by sending a written request to Endeavor Global, Inc. at 900 Broadway suite 301, New York, New York 10003, USA. These financials are for Endeavor Global and its wholly-owned subsidiaries and do not include information about Endeavor's affiliate offices. 59 FINANCIALS, DONORS, AND BOARD MEMBERS