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 2018

FY18
ASSETS
Cash and cash equivalents $10,122,534
Grants and contracts receivable $16,031,141
Prepaid expenses $258,745
Property and equipment, net $1,579,808
TOTAL ASSETS $27,992,228
 
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable and accrued expenses $650,121
Accrued payroll $457,046
Grants payable $294,075
Deferred revenue $689,572
Deferred rent $2,994,364
TOTAL LIABILITIES $5,085,178
Net Assets
Unrestricted (deficit) ($2,578,150)
Temporarily restricted $25,485,200
TOTAL NET ASSETS $22,907,050
TOTAL LIABILITIES AND NET ASSETS $27,992,050

See Past Financial Statements

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