MRA Functional Expenses
STATEMENT OF FINANCIAL POSITION
| ASSETS | Total 2017 | Total 2016 |
|---|---|---|
| Cash and Cash Equivalents | $14,121,998 | $22,555,754 |
| Investments | $10,219,557 | — |
| Contributions Receivable (Net) | $18,009,454 | $8,288,256 |
| Due from Affiliate | — | $1,260 |
| Prepaid Expenses | $75,043 | $33,604 |
| Property and Equipment (Net) | — | $3,579 |
| TOTAL ASSETS | $42,426,052 | $30,882,453 |
| LIABILITIES | Total 2017 | Total 2016 |
|---|---|---|
| Accounts Payable | $137,004 | $74,168 |
| Grants Payable (Net) | $11,848,581 | $13,204,967 |
| Deferred Revenue | $57,240 | $110,000 |
| Due to Affiliate | $16,744 | — |
| TOTAL LIABILITIES | $12,059,569 | $13,389,135 |
| NET ASSETS | Total 2017 | Total 2016 |
|---|---|---|
| Unrestricted | $12,357,029 | $9,205,062 |
| Temporarily Restricted | $18,009,454 | $8,288,256 |
| TOTAL NET ASSETS | $30,366,483 | $17,493,318 |
| TOTAL LIABILITIES & NET ASSETS | $42,426,052 | $30,882,453 |
Statement of Activities
| REVENUE | Total 2017 | Total 2016 |
|---|---|---|
| Contributions (Collectible Net) | $2,841,125 | $6,171,125 |
| Special Events (Net) | $20,832,080 | $1,374,162 |
| Sponsorship | $455,000 | $526,300 |
| Interest/Investment | $291,322 | $66,405 |
| In-Kind Contributions | $142,336 | $101,959 |
| Other Income | $21,100 | — |
| TOTAL REVENUES | $24,582,963 | $8,239,951 |
| EXPENSES | Total 2017 | Total 2016 |
|---|---|---|
| Research Grants | $9,079,591 | $20,602,554 |
| Personnel Costs | $1,412,640 | $1,009,088 |
| Travel & Entertainment | $309,836 | $273,626 |
| Other Expenses | $306,803 | $224,324 |
| Meetings & Conferences | $251,405 | $20,8055 |
| Professional Fees | $210,636 | $137,202 |
| Occupancy | $138,887 | $155,686 |
| TOTAL EXPENSES | $11,709,798 | $22,610,535 |
| NET INCOME/(LOSS) | $12,873,165 | ($14,370,584) |