Michael J Fox Foundation for Parkinson's Research
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Michael J Fox Foundation for Parkinson's Research meets the 20 Standards for Charity Accountability.
Complaints
Stated Purpose:
"to find a cure for Parkinson's disease through an aggressively funded research agenda and to ensure the development of improved therapies for those living with Parkinson's today."
Year, State Incorporated:
2000, DE
The Michael J. Fox Foundation for Parkinson's Research (MJFF) works to expand, explore and focus research funding with the goal of slowing Parkinson's disease and finding a cure. The organization's Scientific Advisory Board is composed of an international, multidisciplinary group of Parkinson's researchers and clinicians. Its members are involved with strategic meetings, grant review sessions, and other activities that guide MJFF's scientific and research policies. In addition, the organization reports that it collaborates with the Parkinson's research community and leverages new technologies to amplify the patient voice in Parkinson's research. MJFF also reports that it mobilizes patients and loved ones to increase the flow of participants into clinical trials and coordinates community engagement efforts, including patient policy advocacy, education, and community through the grassroots involvement of thousands of Team Fox members globally.
For the year ended December 31, 2022, Michael J Fox Foundation for Parkinson's Research's program expenses were:
Program services: $306,703,342
Total Program Expenses: $306,703,342
Chief Executive
Deborah W. Brooks, Chief Executive Officer and Co-Founder
Compensation*
$1,423,665
Chair of the Board
Skip Irving
Chair's Profession / Business Affiliation
Advisor, Red Sky Partners
Board Size
50
Paid Staff Size
270
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Foundation grants, Print advertisements, Corporate solicitation
Fundraising costs were 5% of related contributions. (Related contributions, which totaled $359,605,119, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Michael J Fox Foundation for Parkinson's Research's audited financial statements for the year ended December 31, 2022.
Source of Funds
| Investment income, net | $2,255,845 |
| Rental income | $1,254,824 |
| Miscellaneous income, net | $3,717 |
| Contributions | $353,700,916 |
| Special events, net | $5,904,203 |
| Total Income | $363,119,505 |
Programs: 91% Fundraising: 6% Administrative: 4%
| Total Income | $363,119,505 |
| Total expenses: | $338,413,916 |
| Program expenses | $306,703,342 |
| Fundraising expenses | $18,854,088 |
| Administrative expenses | $12,856,486 |
| Other expenses | $0 |
| Income in Excess of Expenses | $24,705,589 |
| Beginning Net Assets | $180,004,917 |
| Other Changes In Net Assets | $-739,455 |
| Ending Net Assets | $203,971,051 |
| Total Liabilities | $196,519,218 |
| Total Assets | $400,490,269 |
Note: As noted in the financial section above, "other changes in net assets" refers to net gains on foreign translation (52,182) and loss in value of split-interest agreements (-$791,637).
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance