MRA Functional Expenses
Statement of Activities
| REVENUE | Total 2018 | Total 2017 |
|---|---|---|
| Contributions (Collectible Net) | $2,895,365 | $2,841,125 |
| Special Events (Net) | $2,038,435 | $20,832,080 |
| Sponsorship | $514,710 | $455,000 |
| Interest/Investment | $114,094 | $291,322 |
| Other Income | — | $21,100; |
| TOTAL REVENUES | $5,562,604 | $24,582,963 |
| EXPENSES | Total 2018 | Total 2017 |
|---|---|---|
| Research Grants | $13,525,762 | $9,079,591 |
| Personnel Costs | $1,588,653 | $1,412,640 |
| Travel & Entertainment | $350,487 | $309,836 |
| Other Expenses | $354,131 | $306,803 |
| Meetings & Conferences | $277,208 | $251,405 |
| Professional Fees | $163,814 | $210,636 |
| Occupancy | $144,917 | $138,887 |
| TOTAL EXPENSES | $16,404,972 | $11,709,798 |
| NET INCOME/(LOSS) | ($10,842,368) | ($12,873,165) |
STATEMENT OF FINANCIAL POSITION
| ASSETS | Total 2018 | Total 2017 |
|---|---|---|
| Cash and Cash Equivalents | $13,299,317 | $14,121,998 |
| Investments | 10,187,383 | $10,219,557 |
| Contributions Receivable (Net) | 13,734,662 | $18,009,454 |
| Prepaid Expenses and Other Assets | $51,403 | $75,043 |
| TOTAL ASSETS | $37,272,765 | $42,426,052 |
| LIABILITIES | Total 2018 | Total 2017 |
|---|---|---|
| Accounts Payable and Accured Liabilities | $65,314 | $137,004 |
| Grants Payable (Net) | $17,294,177 | $11,848,581 |
| Deferred Revenue | $280,000 | $57,240 |
| Due to Affiliate | $109,159 | $16,744 |
| TOTAL LIABILITIES | 17,748,650 | $12,059,569 |
| NET ASSETS | Total 2018 | Total 2017 |
|---|---|---|
| Unrestricted | $5,789,453 | $12,357,029 |
| Temporarily Restricted | $13,734,662 | $18,009,454 |
| TOTAL NET ASSETS | $19,524,115 | $30,366,483 |
| TOTAL LIABILITIES & NET ASSETS | $37,272,765 | $42,426,052 |