Issue link: http://endeavor.uberflip.com/i/911983
ENDEAVOR GLOBAL EXECU TIVE STAFF Linda Rottenberg Co-founder & CEO Fernando Fabre President Dav id Wachtel SVP, Marketing, Communications & Partnerships Lawrence Brooks SVP, Finance Walt Mayo SVP, Expansion A llen Taylor Managing Director, Endeavor Catalyst Daniela Terminel VP, Endeavor Global Joanna Harries VP, Endeavor Global R hett Morris VP, Endeavor Insight MANAGING DIRECTORS OF LOCAL OFFICES Argentina: María Julia Bearzi Atlanta: Aaron Hurst Brazil: Juliano Seabra Bulgaria: Momchil Vassilev Chile: María de los Angeles Romo Colombia: Adriana Suárez Detroit: Antonio Lück Ecuador: Santiago Ribadeneira Egypt: Mohamed Rahmy Greece: Haris Makryniotis Indonesia: Sati Rasuanto Italy: Raffaele Mauro Japan: Ryoko Manabe Jordan: Reem Goussous Kenya: Fiona Mungai Lebanon: Tarek Sadi Louisville: Jackson Andrews Malaysia: Anand Krishnan Mexico: Vincent Speranza Miami: Laura Maydón Morocco: Nawfal Fassi Fihri Peru: Debbie Jaffe Philippines: Manuel Ayala Saudi Arabia: Bader Alzahrani South Africa: Catherine Townshend Spain: Adrian Garcia-Aranyos Tunisia: Walid Bellagha Turkey: Didem Altop United Arab Emirates: Noor Shaw wa Uruguay: Joaquin Morixe STATEMENT OF FINANCIAL POSITION December 31, 2016 in US $ assets total Cash and cash equivalents 15,564,826 Contributions receivable 4,083,189 Grants and other receivables 2,401,169 Investments 21,952,259 Prepaid expenses and other assets 158,141 Due from affiliated entities 301,403 Property and equipment (net) 855,055 TOTAL ASSETS 45,316,042 liabilities Accounts payable and other accrued liabilities 1,291,749 Due to affiliated entities 274,473 Deferred rent and capital lease obligations 313,546 Deferred revenues 161,652 TOTAL LIABILITIES 2,041,420 net assets Unrestricted net assets 37,454,622 Temporarily restricted 5,795,000 Permanently restricted net assets 25,000 TOTAL NET ASSETS 43,274,622 TOTAL LIABILITIES AND NET ASSETS 45,316,042 CONSOLIDATED STATEMENT OF ACTIVITIES December 31, 2016 in US $ temporarily permanently revenues unrestricted restricted restricted total Contributions 1,599,484 1,599,484 Grants 2,365,670 2,657,500 5,023,170 Gala and other fund-raising events 1,406,959 1,406,959 Net realized and unrealized gains (losses) on investments (499,995) (499,995) Interest and other income 1,318,680 1,318,680 In-kind services and goods 1,918,067 1,918,067 Net assets released from restrictions 3,203,167 (3,203,167) TOTAL REVENUES 11,312,032 (545,667) 10,766,365 expenses Entrepreneur Selection and Growth 4,597,140 4,597,140 eMBA 430,679 430,679 Endeavor Net 206,941 206,941 Organizational Development 1,029,565 1,029,565 Insight 1,346,933 1,346,933 New country expansion 1,658,476 1,658,476 Partnerships and Networks 1,326,197 1,326,197 Philanthropic Networks 276,367 276,367 TOTAL PROGRAM EXPENSES 10,872,298 10,872,298 Cost of direct benefits to donor 271,992 271,992 Fundraising and development 2,155,735 2,155,735 Management and general 916,289 916,289 TOTAL EXPENSES 14,216,314 14,216,314 Change in net assets before other changes (2,904,282) (545,667) (3,449,949) Partners' capital contributions 9,108,713 9,108,713 CHANGE IN NET ASSETS 6,204,432 (545,667) 5,658,765 Net assets, beginning of year 31,250,190 6,340,667 25,000 37,615,857 NET ASSETS, END OF YEAR 37,454,622 5,795,000 25,000 43,274,622 A complete set of the audited financial statements by RSM US, LLP for the fiscal year ending December 31, 2016 can be obtained by sending a written request to Endeavor Global, Inc. at 900 Broadway Suite 301, New York, New York. ese financials include Endeavor Global and its subsidiaries, but do not include information about Endeavor's affiliate offices. 7 2 B OA R D M E M B ER S , D O N O R S , A N D FI N A N CIA L S