Financials

Since it was first established in 2008, Results for Development (R4D) has grown from expenditures of $3.6 million to expenditures of more than $26 million.

Our most significant growth can be attributed to grant revenue — from $12.5 million in the first year to $32.8 million in annual revenue for 2017, with a significant amount of multi-year awards from some of the largest and most prestigious foundations in the world. Contract revenue has also significantly increased, and now represents a significant source of revenue that allows for growth and sustainability.

Financial Statement for Fiscal Year 2017

FY17
ASSETS
Cash and cash equivalents $8,236,063
Grants and contracts receivable $25,060,559
Prepaid expenses $344,534
Property and equipment, net $1,812,868
TOTAL ASSETS $35,454,024
 
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable and accrued expenses $1,022,556
Accrued payroll $449,388
Grants payable $542,935
Deferred revenue $237,311
Deferred rent $3,127,592
TOTAL LIABILITIES $5,379,782
Net Assets
Unrestricted (deficit) ($1,972,259)
Temporarily restricted $32,046,501
TOTAL NET ASSETS $30,074,242
TOTAL LIABILITIES AND NET ASSETS $35,454,024

See Past Financial Statements

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