Issue link: http://endeavor.uberflip.com/i/740826
FI N A N CIA L S , D O N O R S , A N D B OA R D M E M B ER S Endeavor Global Executive Staff Linda Rottenberg Co-Founder & CEO Fernando Fabre President Lawrence Brooks SVP, Finance Walt Mayo SVP, Expansion David Wachtel SVP, Marketing, Communications & Partnerships Joanna Harries VP, Endeavor Global Bianca Martinelli VP, Endeavor Global Rhett Morris VP, Endeavor Insight Allen Taylor Managing Director, Endeavor Catalyst Daniela Terminel VP, Endeavor Global Managing Directors of Local Offices Argentina: Maria Julia Bearzi Brazil: Juliano Seabra Bulgaria: Yavor Popov Chile: María de los Angeles Romo Colombia: Adriana Suárez Detroit: Antonio Lück Egypt: Mohamed Rahmy Greece: Haris Makryniotis Indonesia: Sati Rasuanto Italy: Raffaele Mauro Japan: Yasumasa Yamamoto Jordan: Rasha Manna Lebanon: Tarek Sadi Louisville: Jackson Andrews Malaysia: Anand Krishnan Mexico: Vincent Speranza Miami: Laura Maydón Morocco: Nawfal Fassi Fihri Peru: Ana Sofia Valdivia Philippines: Manuel Ayala Saudi Arabia: Bader Alzahrani 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, 2015 in US $ total Cash and cash equivalents 14,046,807 Contributions receivable 4,286,119 Grants and other receivables 3,871,504 Note and interest receivable from sale of investment 3,178,721 Investments 11,954,195 Prepaid expenses and other assets 180,275 Due from affiliated entities 281,339 Property and equipment (net) 949,878 TOTAL ASSETS 38,748,838 Accounts payable and other accrued liabilities 422,851 Deferred revenue 51,680 Due to affiliated entities 333,987 Deferred rent obligation 324,463 TOTAL LIABILITIES 1,132,981 Unrestricted 23,241,129 Noncontrolling interest in Catalyst I LP and Catalyst IDB Side Car 8,009,061 Temporarily restricted 6,340,667 Permanently restricted 25,000 TOTAL NET ASSETS 37,615,857 TOTAL LIABILITIES AND NET ASSETS 38,748,838 Consolidated Statement of Activities December 31, 2015 in US $ temporarily permanently unrestricted restricted restricted total Contributions 1,333,306 1,333,306 Grants 1,717,694 3,405,667 5,123,361 Gala & other fund-raising events 2,235,051 2,235,051 Program service fees Net realized and unrealized gains (losses) on investments 5,646,889 5,646,889 Interest, dividend, and other income 718,186 718,186 In-kind contributions 2,561,896 2,561,896 Net assets released from restrictions 3,415,332 (3,415,332) TOTAL SUPPORT AND REVENUE 17,628,354 (9,665) 17,618,689 Entrepreneur Selection & Growth 5,904,916 5,904,916 eMBA 254,558 254,558 Endeavor Net 304,340 304,340 Organizational development 1,106,144 1,106,144 Insight 1,386,881 1,386,881 New country expansion 2,004,509 2,004,509 Partnerships and Networks 1,522,949 1,522,949 Philanthropic Networks 386,708 386,708 TOTAL PROGRAM EXPENSES 12,871,005 12,871,005 Cost of direct benefits to donor 298,908 298,908 Fund-raising and development 1,481,043 1,481,043 Management and general 468,824 468,824 TOTAL EXPENSES 15,119,780 15,119,780 Change in net assets before other changes 2,508,574 (9,665) 2,498,909 Partners' capital contributions 5,451,485 5,451,485 CHANGE IN NET ASSETS 7,960,059 (9,665) 7,950,394 Net assets, beginning of year 23,290,131 6,350,332 25,000 29,665,463 NET ASSETS, END OF YEAR 31,250,190 6,340,667 25,000 37,615,857 A complete set of the audited financial statements by McGladrey & Pullen for the fiscal year ending December 31, 2015 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. 49