Michael J Fox Foundation For Parkinsons Research
- Assets
- $397.8m
- Revenue
- $362.4m
- Investments
- $0.0
- Employees
- 288
- Location
- New York, NY
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 13-4141945
Organization Overview
Michael J Fox Foundation For Parkinsons Research is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (H48) the organization is classified as: Brain Disorders Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Michael J Fox Foundation For Parkinsons Research employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael J Fox Foundation For Parkinsons Research is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Michael J Fox Foundation For Parkinsons Research generated $362.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $338.9m during the year ending 12/2022. While expenses have increased by 17.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael J Fox Foundation For Parkinsons Research has awarded 1,444 individual grants totaling $727,591,671. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO FINDING A CURE FOR PARKINSON'S DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND RESEARCH FOCUSED ON DEVELOPING A CURE FOR PARKINSON'S DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Fox Founder | Trustee | 2 | $0 |
Jeffrey Keefer Chairman | OfficerTrustee | 2 | $0 |
Fred G Weiss Treasurer | OfficerTrustee | 2 | $0 |
Skip Irving Vice Chairman | OfficerTrustee | 2 | $0 |
Holly S Andersen MD Member | Trustee | 2 | $0 |
Bonnie M Bandeen Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue State Digital Marketing | 12/30/23 | $12,334,428 |
Esrt West 34th Street Lp Rent | 12/30/23 | $6,458,722 |
Greenphire Llc Financial Mgmt - Clinical Trials | 12/30/23 | $3,001,720 |
Yld Ltd Tech Development | 12/30/23 | $2,602,500 |
Corporate Traveler Travel Accommodations | 12/30/23 | $2,602,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $186,440 |
| Membership dues | $0 |
| Fundraising events | $5,904,203 |
| Related organizations | $15,220 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,209,049 |
| Noncash contributions included in lines 1a–1f | $238,774,440 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,314,912 |
| Total Program Service Revenue | $0 |
| Investment income | $2,828,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,254,824 |
| Net Gain/Loss on Asset Sales | -$48,484 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,883 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,405,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $238,354,879 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $31,586,089 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,050,484 |
| Compensation of current officers, directors, key employees. | $344,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,215,146 |
| Pension plan accruals and contributions | $1,376,158 |
| Other employee benefits | $2,913,668 |
| Payroll taxes | $2,025,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $456,298 |
| Fees for services: Accounting | $87,580 |
| Fees for services: Lobbying | $600,982 |
| Fees for services: Fundraising | $104,124 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $8,648,266 |
| Advertising and promotion | $6,835,580 |
| Office expenses | $950,046 |
| Information technology | $2,441,684 |
| Royalties | $0 |
| Occupancy | $5,063,492 |
| Travel | $4,049,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,388,440 |
| Insurance | $183,263 |
| All other expenses | $0 |
| Total functional expenses | $338,898,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253 |
| Savings and temporary cash investments | $144,194,783 |
| Pledges and grants receivable | $22,818,272 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,186 |
| Prepaid expenses and deferred charges | $2,142,283 |
| Net Land, buildings, and equipment | $7,728,406 |
| Investments—publicly traded securities | $191,936,755 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,863,077 |
| Total assets | $397,763,015 |
| Accounts payable and accrued expenses | $4,407,247 |
| Grants payable | $151,090,045 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,294,672 |
| Total liabilities | $193,791,964 |
| Net assets without donor restrictions | $55,132,969 |
| Net assets with donor restrictions | $148,838,082 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $397,763,015 |
Grants Awarded
Over the last fiscal year, Michael J Fox Foundation For Parkinsons Research has awarded $125,810,134 in support to 147 organizations.
| Grant Recipient | Amount |
|---|---|
23ANDME INC PURPOSE: PARKINSON'S RESEARCH | $787,234 |
ABCAM PURPOSE: PARKINSON'S RESEARCH | $1,091,755 |
ALKAHEST PURPOSE: PARKINSON'S RESEARCH | $3,379,300 |
AMERICAN TYPE CULTURE COLLECTION PURPOSE: PARKINSON'S RESEARCH | $67,980 |
AMPRION PURPOSE: PARKINSON'S RESEARCH | $474,140 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: PARKINSON'S RESEARCH | $1,857,886 |