Issue link: http://endeavor.uberflip.com/i/598860
FINANCIALS, DONORS, AND BOARD MEMBERS 71 Endeavor Global Executive Staff Linda Rottenberg Co-Founder & 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 Local Offices Argentina: Gabriela Macagni Brazil: Juliano Seabra Bulgaria: Angel Kelchev Chile: María de los Angeles Romo Colombia: Adriana Suárez Detroit: Antonio Lück Egypt: Heba Gamal Greece: Haris Makryniotis Indonesia: Sati Rasuanto Jordan: Rasha Manna Lebanon: Tarek Sadi Louisville: Jackson Andrews Malaysia: Anand Krishnan 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 Garcia-Aranyos Turkey: Didem Altop United Arab Emirates: Noor Shawwa Uruguay: Joaquin Morixe Statement of Financial Position December 31, 2014 in US $ assets total Cash and cash equivalents 8,630,850 Contributions receivable 5,842,654 Grants and other receivables 1,541,935 Investments 13,059,747 Prepaid expenses and other assets 210,391 Due from affiliated entities 432,728 Property and equipment (net) 1,002,494 TOTAL ASSETS 30,720,799 liabilities Accounts payable and other accrued liabilities 470,571 Deferred revenue 34,578 Due to affiliated entities 240,808 Deferred rent obligation 309,379 TOTAL LIABILITIES 1,055,336 net assets Unrestricted 20,174,695 Noncontrolling interest in Catalyst ILP 3,115,436 Temporarily restricted 6,350,332 Permanently restricted 25,000 TOTAL NET ASSETS 29,665,463 TOTAL LIABILITIES AND NET ASSETS 30,720,799 Consolidated Statement of Activities December 31, 2014 in US $ temporarily permanently support and revenue unrestricted restricted restricted total Contributions 1,876,748 785,000 2,661,748 Grants 1,452,385 3,368,744 4,821,129 Gala & other fund-raising events 1,929,079 1,929,079 Program service fees 800,000 800,000 Net realized and unrealized gains (losses) on investments 1,800,320 1,800,320 Interest & other income 390,978 390,978 In-kind contributions 3,406,714 3,406,714 Net assets released from restrictions 2,488,763 (2,488,763) TOTAL SUPPORT AND REVENUE 14,144,987 1,664,981 15,809,968 expenses Entrepreneur selection & growth 4,201,472 4,201,472 eMBA 298,023 298,023 Endeavor Net 333,285 333,285 Organizational development 1,176,887 1,176,887 Insight 1,290,427 1,290,427 New country expansion 2,207,019 2,207,019 Partnerships and networks 1,129,462 1,129,462 Philanthropic networks 686,236 686,236 TOTAL PROGRAM EXPENSES 11,322,811 11,322,811 Cost of direct benefits to donor 263,243 263,243 Fund-raising and development 1,526,169 1,526,169 Management and general 1,081,862 1,081,862 TOTAL EXPENSES 14,194,085 14,194,085 change in net assets Change in net assets before other changes (49,098) 1,664,981 1,615,883 Partners' capital contributions 3,674,786 3,674,786 CHANGE IN NET ASSETS 3,625,688 3,625,688 Net assets, beginning of year 19,664,443 4,685,351 25,000 24,374,794 NET ASSETS, END OF YEAR 23,290,131 6,350,332 25,000 29,665,463 A complete set of the audited financial statements by McGladrey & Pullen for the fiscal year ending December 31, 2014 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.