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Nonprofiteer
← MICHAEL J FOX FOUNDATION FOR PARKINSONS RESEARCH

Form 990 for tax year 2022

Filed by MICHAEL J FOX FOUNDATION FOR PARKINSONS RESEARCH.

Totals

Total revenue
$362,405,973
Total expenses
$338,898,662
Contributions and grants received
$358,314,912
Grants paid
$269,940,968
Program service revenue
$0
Investment income
$2,780,188
Other revenue
$1,310,873
Total assets, end of year
$397,763,015
Total liabilities, end of year
$193,791,964
Net assets or fund balances, end of year
$203,971,051
Program services expenses (Part IX)
$307,363,853
Management and general expenses
$12,680,721
Fundraising expenses
$18,854,088
Program service expenses (Part III)
$307,363,853

Program services were 90.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $186,440

  • 1c · Fundraising events

    $5,904,203

  • 1d · Related organizations

    $15,220

  • 1f · All other contributions, gifts and grants

    $352,209,049

  • 1g · Noncash contributions included above

    $238,774,440

  • 3 · Investment income

    total $2,828,672 · excluded $2,828,672

  • 6a · Gross rents

    real property $1,254,824

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,254,824

  • 6d · Net rental income or loss

    total $1,254,824 · excluded $1,254,824

  • 7a · Gross sales of assets other than inventory

    securities $304,783,529

  • 7b · Less cost or other basis and sales expenses

    securities $304,832,013

  • 7c · Gain or loss

    securities -$48,484

  • 7d · Net gain or loss

    total -$48,484 · excluded -$48,484

  • 8a · Fundraising events: gross income

    $1,011,757

  • 8a · Fundraising events: contributions included on line 1c

    $5,904,203

  • 8b · Fundraising events: direct expenses

    $1,011,757

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $51,046

  • 10b · Cost of goods sold

    $56,929

  • 10c · Net income from sales of inventory

    total -$5,883 · unrelated business -$5,883

  • 11a · Other revenue: GAIN ON CURRENCY EXCHA

    total $52,182 · excluded $52,182

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $9,750 · related or exempt $9,750

  • 11e · Other revenue, total

    $61,932

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $238,354,879 · program services $238,354,879

  • 3 · Grants to foreign organizations and individuals

    total $31,586,089 · program services $31,586,089

  • 5 · Compensation of officers, directors and key employees

    total $4,050,484 · program services $2,691,977 · management and general $344,027 · fundraising $1,014,480

  • 7 · Other salaries and wages

    total $24,215,146 · program services $12,430,661 · management and general $5,055,175 · fundraising $6,729,310

  • 8 · Pension plan contributions

    total $1,376,158 · program services $687,717 · management and general $356,882 · fundraising $331,559

  • 9 · Other employee benefits

    total $2,913,668 · program services $1,519,390 · management and general $341,150 · fundraising $1,053,128

  • 10 · Payroll taxes

    total $2,025,763 · program services $1,057,186 · management and general $383,499 · fundraising $585,078

  • 11b · Fees: legal

    total $456,298 · program services $316,515 · management and general $45,753 · fundraising $94,030

  • 11c · Fees: accounting

    total $87,580 · management and general $87,580

  • 11d · Fees: lobbying

    total $600,982 · program services $600,982

  • 11e · Fees: professional fundraising services

    total $104,124 · fundraising $104,124

  • 11f · Fees: investment management

    total $150 · management and general $150

  • 11g · Fees: other

    total $8,648,266 · program services $5,947,916 · management and general $858,926 · fundraising $1,841,424

  • 12 · Advertising and promotion

    total $6,835,580 · program services $5,005,213 · fundraising $1,830,367

  • 13 · Office expenses

    total $950,046 · program services $259,050 · management and general $197,606 · fundraising $493,390

  • 14 · Information technology

    total $2,441,684 · program services $1,230,224 · management and general $754,799 · fundraising $456,661

  • 16 · Occupancy

    total $5,063,492 · program services $1,493,779 · management and general $3,141,273 · fundraising $428,440

  • 17 · Travel

    total $4,049,444 · program services $3,062,592 · management and general $129,855 · fundraising $856,997

  • 22 · Depreciation, depletion and amortization

    total $1,388,440 · program services $582,038 · management and general $521,938 · fundraising $284,464

  • 23 · Insurance

    total $183,263 · program services $105,406 · management and general $35,507 · fundraising $42,350

  • 24a · Other expenses: PRINTING AND PRODUCTION

    total $2,004,821 · program services $112,249 · management and general $14,269 · fundraising $1,878,303

  • 24b · Other expenses: DONATION PROCESSING

    total $890,052 · program services $179,555 · management and general $35,672 · fundraising $674,825

  • 24c · Other expenses: RECRUITMENT AND TRAININ

    total $506,432 · program services $55,866 · management and general $344,598 · fundraising $105,968

  • 24d · Other expenses: OTHER EXPENSES

    total $165,821 · program services $84,569 · management and general $32,062 · fundraising $49,190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $253 · end of year $253

  • 2 · Savings and temporary cash investments

    beginning of year $206,758,445 · end of year $144,194,783

  • 3 · Pledges and grants receivable

    beginning of year $22,408,960 · end of year $22,818,272

  • 8 · Inventories for sale or use

    beginning of year $97,204 · end of year $79,186

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,217,916 · end of year $2,142,283

  • 10a · Land, buildings and equipment: cost or other basis

    $16,547,918

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,819,512

  • 10c · Land, buildings and equipment, net

    beginning of year $8,869,711 · end of year $7,728,406

  • 11 · Investments: publicly traded securities

    beginning of year $89,955,756 · end of year $191,936,755

  • 15 · Other assets

    beginning of year $1,241,247 · end of year $28,863,077

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,178,763 · end of year $4,407,247

  • 18 · Grants payable

    beginning of year $135,654,334 · end of year $151,090,045

  • 25 · Other liabilities

    beginning of year $10,711,478 · end of year $38,294,672

  • 27 · Net assets without donor restrictions

    beginning of year $54,063,847 · end of year $55,132,969

  • 28 · Net assets with donor restrictions

    beginning of year $125,941,070 · end of year $148,838,082

Mission and programs · 2022

Mission

THE FOUNDATION IS DEDICATED TO FINDING A CURE FOR PARKINSON'S DISEASE THROUGH AN AGGRESSIVELY FUNDED RESEARCH AGENDA AND TO ENSURING THE DEVELOPMENT OF IMPROVED THERAPIES FOR THOSE LIVING WITH PARKINSON'S TODAY.

Activities or mission (Part I)

THE FOUNDATION IS DEDICATED TO FINDING A CURE FOR PARKINSON'S DISEASE.

  • TO FUND RESEARCH FOCUSED ON DEVELOPING A CURE FOR PARKINSON'S DISEASE.

    Expenses $307,363,853 · Grants $269,940,968 · Revenue $9,750

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL J FOX

    FOUNDER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JEFFREY KEEFER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • FRED G WEISS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • SKIP IRVING

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • HOLLY S ANDERSEN MD

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BONNIE M BANDEEN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GLENN BATCHELDER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SUSAN BILOTTA

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARK BOOTH

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JON BROOKS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BARRY J COHEN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANDREW CREIGHTON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHN S DALY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DONNY DEUTSCH

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID EINHORN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KAREN FINERMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LEE FIXEL

    MEMBER THRU 10/27/22

    Total calculated
    $0
    Hours/week
    2

  • NELLE FORTENBERRY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • AKBAR GBAJABIAMILA

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WILLIE GEIST

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GABE GELMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID GLICKMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARK L HART III

    MEMBER THRU 10/27/22

    Total calculated
    $0
    Hours/week
    2

  • ANNE M HOLLOWAY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MELANIE BOLCH ISBILL

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • EDWARD KALIKOW

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ALEX KRYS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • AMAR KUCHINAD

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARC S LIPSCHULTZ

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BARRY MALKIN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • COLIN R MASSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • OFER NEMIROVSKY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANDREW J O'BRIEN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DOUGLAS I OSTROVER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LISA A PIAZZA

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TRACY POLLAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JACK QUINN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RYAN REYNOLDS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HARTLEY T RICHARDSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ARI RICHTER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • FREDERICK E ROWE JR

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LILY SAFRA

    MEMBER THRU 7/9/2022

    Total calculated
    $0
    Hours/week
    2

  • CAROLYN SCHENKER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CURTIS SCHENKER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RICHARD J SCHNALL

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ROBERT W SHACKLETON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANNE-CECILIE ENGELL SPEYER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GEORGE STEPHANOPOULOS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BONNIE STRAUSS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RICK TIGNER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GEORGE WHELEN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PETER ZAFFINO

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DEBORAH W BROOKS

    CO-FOUNDER & CEO

    Total calculated
    $1,423,665
    From this org
    $1,376,111
    From related orgs
    $0
    Other
    $47,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $621,111
    Bonus
    $755,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $29,254
    Filer's total
    $1,423,665

  • SOHINI CHOWDHURY

    CHIEF PROGRAM OFFICER

    Total calculated
    $683,032
    From this org
    $662,241
    From related orgs
    $0
    Other
    $20,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $387,241
    Bonus
    $275,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $2,491
    Filer's total
    $683,032

  • WILLIAM FOWLER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $439,290
    From this org
    $396,723
    From related orgs
    $0
    Other
    $42,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,723
    Bonus
    $100,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $24,267
    Filer's total
    $439,290

  • JAMES MCNASBY

    CHIEF PEOPLE OFFICER & GENERAL COUNSEL

    Total calculated
    $401,677
    From this org
    $353,074
    From related orgs
    $0
    Other
    $48,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,074
    Bonus
    $70,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $30,303
    Filer's total
    $401,677

  • TODD SHERER

    CHIEF MISSION OFFICER

    Total calculated
    $1,310,814
    From this org
    $1,262,336
    From related orgs
    $0
    Other
    $48,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $582,336
    Bonus
    $680,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $30,178
    Filer's total
    $1,310,814

  • BRIAN K FISKE

    CHIEF SCIENCE OFFICER

    Total calculated
    $413,618
    From this org
    $373,851
    From related orgs
    $0
    Other
    $39,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,851
    Bonus
    $85,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $21,467
    Filer's total
    $413,618

  • MARK A FRASIER

    CHIEF SCIENCE OFFICER

    Total calculated
    $395,567
    From this org
    $375,255
    From related orgs
    $0
    Other
    $20,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,255
    Bonus
    $85,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $2,012
    Filer's total
    $395,567

  • HOLLY TEICHHOLTZ

    CHIEF MARKETING OFFICER

    Total calculated
    $455,929
    From this org
    $413,373
    From related orgs
    $0
    Other
    $42,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,373
    Bonus
    $100,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $24,256
    Filer's total
    $455,929

  • RACHEL DOLHUN

    SVP, MEDICAL COMMUNICATIONS

    Total calculated
    $363,272
    From this org
    $334,421
    From related orgs
    $0
    Other
    $28,851
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,421
    Bonus
    $75,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $10,551
    Filer's total
    $363,272

  • MICHELE GOLOMBUSKI

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $406,966
    From this org
    $374,320
    From related orgs
    $0
    Other
    $32,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,320
    Bonus
    $85,000
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $14,346
    Filer's total
    $406,966

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION OF OFFICERS AND KEY EMPLOYEES ANNUALLY.
PART I, LINE 7
THE BOARD OF DIRECTORS AND COMPENSATION COMMITTEE APPROVED NONFIXED BONUS PAYMENTS FOR LISTED EMPLOYEES FOR 2021 PERFORMANCE PAID IN 2022.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MJFF CANADA

    RESEARCH · CA

    Directly controlled by MJFF (US)

Provenance

Return type
form_990
Tax year
2022
Filed
13 June 2023
IRS schema version
2022v5.0
Source object
202331669349301253

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