IMPACT REPORT 2007–2008 - Endeavor Chile

GLOBAL
STATEMENT OF FINANCIAL POSITION (December 31, 2007 in US $)
ASSETS 2007
Cash and cash equivalents 2,381,639
Contributions receivable 130,133
Grants receivable 157,483
Prepaid expenses 304,528
Fixed assets, net 239,401
TOTAL ASSETS 3,213,184
LIABILITIES AND NET ASSETS
Accounts payable and other accrued liabilities 187,923
Capital lease obligations 48,623
TOTAL LIABILITIES 236,186
NET ASSETS
Unrestricted net assests 2,826,517
Temporarily restricted 125,481
Permanently restricted net assets 25,000
TOTAL NET ASSETS 2,976,998
TOTAL LIABILITIES & NET ASSETS 3,213,184
COMBINED STATEMENT OF ACTIVITIES (December 31, 2006 in US $)
UNRESTRICTED TEMPORARILY PERMANENTLY TOTAL
RESTRICTED RESTRICTED
REVENUES
Contributions 3,275,866 - - 3,275,866
Grants 376,114 - - 376,114
Net realized gain (loss) on investments (7,309) - - (7,309)
Interest income 59,090 - - 59,090
In-kind revenue 313,185 - - 313,185
Net assets released from restriction 264,419 (264,419) - -
TOTAL REVENUES 4,281,365 (264,419) - 4,016,946
EXPENSES
Search & Selection 427,558 - - 427,558
eMBA 306,578 - - 306,578
Entrepreneur Services 392,795 - - 392,795
Endeavor Net 289,461 - - 289,461
Affliate Services 164,616 - - 164,616
New Country Expansion 610,684 - - 610,684
Philanthropic Networks 482,294 - - 482,294
Total program expenses 2,673,986 - - 2,673,986
Management and general 148,264 - - 148,264
Fundraising and development 473,489 - - 473,489
TOTAL EXPENSES 3,295,739 - - 3,295,739
Change in net assets 985,626 (264,419) - 721,207
Net assets, beginning of year 1,840,891 389,900 25,000 2,255,791
NET ASSETS, END OF YEAR 2,826,517 125,481 25,000 2,976,998
Notes: A complete set of the audited financial statements by McGladrey and Pullen for the fiscal year ending December 31, 2007 can be obtained by
sending a written request to Endeavor Global, Inc. at 900 Broadway suite 600, New York, New York 10003, USA
ARGENTINA
STATEMENT OF FINANCIAL POSITION
(December 31, 2007 in US $)
ASSETS 2007
CURRENT ASSETS
Cash 121,809
Other assets 59,340
Total current assets 181,149
NON-CURRENT ASSETS
Fixed assets 5,222
Other non-current assets 1,816
Total non-current assets 7,037
TOTAL ASSETS 188,186
LIABILITIES AND NET BOOK WORTH
LIABILITIES & NET BOOK WORTH
Current liabilities 10,969
Other liabilities 16,691
TOTAL NON-CURRENT LIABILITIES 27,660
NET WORTH 160,526
TOTAL LIABILITIES & NET WORTH 188,186
STATEMENT OF ACTIVITIES
(December 31, 2007 in US $)
REVENUES
REVENUE FOR GENERAL PURPOSES
Benefactor donations 137,673
Entrepreneur donations 42,758
Corporate sponsorships 60,712
REVENUE FOR SPECIFIC PURPOSES
Other income 126,821
TOTAL REVENUES 367,963
EXPENSES
Entrepreneur Services & eMBA 39,173
Search & Selection 34,074
Communications 52,380
Education Seminars 124,888
Special Projects 18,750
Endeavor Córdoba 24,765
Other operating expenses 58,500
Depreciation 2,550
TOTAL EXPENSES 355,082
Financial expenses 5,736
NET INCOME 7,144
Notes: A complete set of the audited financial statements by
PricewaterhouseCoopers for the fiscal year ending December 31, 2007
can be obtained by sending a written request to Endeavor Argentina,
Arenales 1999 7˚ B
BRAZIL
STATEMENT OF FINANCIAL POSITION
(December 31, 2007 in US $)
ASSETS 2007
CURRENT ASSETS
Cash & Cash Equivalents 1,697,527
Other accounts receivable 2,880
Total current assets 1,700,407
NON-CURRENT ASSETS
Prepaid expense 35,770
Fixed assets 6,788
Total non-current assets 42,558
TOTAL ASSETS 1,742,965
LIABILITIES AND NET BOOK WORTH
LIABILITIES & NET BOOK WORTH
Suppliers 671
Provision for vacation pay 74,741
Taxes payable 832
Other payables 4,214
TOTAL LIABILITIES 80,458
NET WORTH 1,662,507
TOTAL LIABILITIES & NET BOOK 1,742,965
STATEMENT OF ACTIVITIES
(December 31, 2007 in US $)
REVENUES
Individual Donations 44,734
Entrepreneur Donations 277,658
Country Benefactor Grants 106,435
Corporate Donations 453,508
Other income (less taxes) 614,446
Gross Revenues in-kind 17,996
TOTAL REVENUES 1,514,778
EXPENSES
Search & Selection 162,047
Entrepreneur Services 256,326
Marketing 548,033
Rio de Janeiro 84,863
Administrative Expenses 128,744
Depreciation 2,605
TOTAL EXPENSES 1,182,617
NET INCOME 332,160
Notes: A complete set of the audited financial statements by KPMG for
the fiscal year ending December 31, 2007 can be obtained by sending
a written request to Instituto Empreender Endeavor Brasil, Rua Quatá,
300–4o andar, 04546–042 Vila Olímpia, São Paulo, SP, Brazil
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