Civic Intelligence

International Partnership for Microbicides Inc

990 • Fiscal year 2016 • EIN 01-0741733

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 05, 2017

8405 Colesville Road Suite 600Silver Spring, MD 20910

(301) 608-2221

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.28x

Higher debt load relative to assets than 50% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

30th percentile

0.15x

Higher debt load relative to revenue than 30% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

63rd percentile

6.1%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

81st percentile

$461,724

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

5th percentile

-14%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

68th percentile

9.0%

Faster revenue growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Down

$20,060,195

Down $3,162,718 (-14%) from 2015

Net Assets

Up

$14,535,066

Up $1,491,457 (+11%) from 2015

Liabilities

Down

$5,525,129

Down $4,654,175 (-46%) from 2015

Revenue

Up

$35,971,802

Up $2,971,074 (+9.0%) from 2015

Expenses

Up

$33,779,041

Up $554,545 (+1.7%) from 2015

Net Income

Up

$2,192,761

Up $2,416,529 (+1080%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $81,520,037Liabilities 2010: $58,213,017Net Assets 2010: $23,307,0202010Assets 2011: $52,600,905Liabilities 2011: $31,502,185Net Assets 2011: $21,098,7202011Assets 2012: $41,958,199Liabilities 2012: $22,695,453Net Assets 2012: $19,262,7462012Assets 2013: $40,537,408Liabilities 2013: $23,421,275Net Assets 2013: $17,116,1332013Assets 2014: $28,873,020Liabilities 2014: $14,087,446Net Assets 2014: $14,785,5742014Assets 2015: $23,222,913Liabilities 2015: $10,179,304Net Assets 2015: $13,043,6092015Assets 2016: $20,060,195Liabilities 2016: $5,525,129Net Assets 2016: $14,535,0662016Assets 2017: $23,049,272Liabilities 2017: $9,788,866Net Assets 2017: $13,260,4062017Assets 2018: $24,838,200Liabilities 2018: $12,803,774Net Assets 2018: $12,034,4262018Assets 2019: $28,113,782Liabilities 2019: $15,676,294Net Assets 2019: $12,437,4882019Assets 2020: $23,470,693Liabilities 2020: $11,916,324Net Assets 2020: $11,554,3692020Assets 2021: $16,214,079Liabilities 2021: $4,385,112Net Assets 2021: $11,828,9672021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2016

Assets$20,060,195
Liabilities$5,525,129
Net Assets$14,535,066

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $56,341,7012010Expenses 2011: $37,733,2382011Revenue 2012: $31,674,981Expenses 2012: $31,029,986Net Income 2012: $644,9952012Revenue 2013: $32,787,591Expenses 2013: $33,447,172Net Income 2013: -$659,5812013Revenue 2014: $31,552,023Expenses 2014: $32,244,291Net Income 2014: -$692,2682014Revenue 2015: $33,000,728Expenses 2015: $33,224,496Net Income 2015: -$223,7682015Revenue 2016: $35,971,802Expenses 2016: $33,779,041Net Income 2016: $2,192,7612016Revenue 2017: $35,724,324Expenses 2017: $36,807,047Net Income 2017: -$1,082,7232017Revenue 2018: $25,206,212Expenses 2018: $26,337,178Net Income 2018: -$1,130,9662018Revenue 2019: $25,249,274Expenses 2019: $24,773,576Net Income 2019: $475,6982019Revenue 2020: $20,164,784Expenses 2020: $20,752,154Net Income 2020: -$587,3702020Revenue 2021: $20,220,623Expenses 2021: $19,901,457Net Income 2021: $319,1662021Revenue 2022: $9,961,492Expenses 2022: $12,803,344Net Income 2022: -$2,841,8522022

Highlighted filing

2016

Revenue$35,971,802
Expenses$33,779,041
Net Income$2,192,761
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 5, 2017
Return Version
2016v3.1
Gross Receipts
$41,702,639
Mission and Program Overview

Mission

The international partnership for microbicides, inc. (ipm) was established in 2002 to accelerate the development and accessibility of microbicides to prevent the transmission of hiv. Its goal is to improve the efficiency to all efforts to deliver a safe and effective microbicide for women in developing countries as soon as possible.

Acceleration of development and accessiblity of microbicides to prevent the transmission of hiv.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,385,029$6,311,229▼ $5,073,800
Savings and Temporary Cash Investments$6,441,320$5,194,090▼ $1,247,230
Pledges and Grants Receivable$3,425,192$4,808,106▲ $1,382,914
Land, Buildings, and Equipment, Net$444,620$2,875,959▲ $2,431,339
Prepaid Expenses and Deferred Charges$512,574$677,521▲ $164,947
Accounts Receivable$47,292$15,868▼ $31,424
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$23,222,913$20,060,195▼ $3,162,718
Other Assets Total$966,886$177,422▼ $789,464
Liabilities
Accounts Payable and Accrued Expenses$4,592,914$4,658,423▲ $65,509
Deferred Revenue$5,474,161$831,193▼ $4,642,968
Other Liabilities$112,229$35,513▼ $76,716
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$10,179,304$5,525,129▼ $4,654,175
Net Assets / Fund Balance
Unrestricted Net Assets$13,043,609$14,535,066▲ $1,491,457
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$13,043,609$14,535,066▲ $1,491,457
Total Liabilities and Net Assets / Fund Balance$23,222,913$20,060,195▼ $3,162,718

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,741,200$3,756,222$6,497,422
Other Land Buildings$21,817$2,382,477$2,404,294
Leasehold Improvements$112,942$429,243$542,185
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Zeda F RosenbergFounder and CEOFT$401,225$60,499$461,724
Brid T DevlinEVP, Product DevelopmentFT$329,409$56,363$385,772
Michael I GoldrichPresident and COOFT$340,345$31,190$371,535
Kathleen FlynnChief Financial OfficerFT$247,849$41,592$289,441
Robert A NolandSr. Director, Quality AssurancFT$235,313$49,625$284,938
Jeremy NuttallSr. Director, Pre-Clin ScienceFT$205,518$45,155$250,673
Liza FolsteinSr. Director, Human ResourcesFT$203,997$39,890$243,887
Anita GargSr. Program Director, DapiviriFT$198,311$40,074$238,385
Patrick SpenceDirector, Chemistry & AnalyticFT$182,542$49,882$232,424
Annalene NelEVP, Chief Medical OfficerFT$196,766$32,177$228,943
Lynn BodarkyEVP. Global Product AccessFT$201,706$24,650$226,356

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
QpharmaManufacturing1050 CINDY LANE, Carpinteria, CA 93013, Sw$3,606,731
Sgs - Medisearch InternationalManufacturingGENERAAL DE WITTELAAN 19A BUS 5, Mechelen, 0, Be$1,799,573
Nusil Technology LLCResearch CenterPO BOX 3269, Ladysmith, 0, Sf$1,537,827
Qhakaza MbokodResearch Center8 BLACKWOOD AVE, Parktown, 0, Sf$1,047,637
Wits Health ConsortiumResearch Center-$871,925
Revenue and Support

Revenue Composition

Contributions and Grants
$35,750,353
Program Service Revenue
$0
Investment Income
$221,426
Other Revenue
$23
All Other Contributions
$18,284,523
Change in Net Assets
$2,192,761

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,971,802
Revenue Not Reported on Form 990
$-701,304
Total Revenue per Audited Statements
$35,270,498
Total Revenue per Form 990
$35,971,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,409,310
Salaries, Compensation, and Employee Benefits$10,369,731
Total Fundraising Expense$279,895
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$4,656,186$1,885,439$45,838$6,587,463
Other Salaries and Wages$806,784$1,014,103$40,014$1,860,901
Office Expenses$1,377,007$118,260$3,849$1,499,116
Other Employee Benefits$566,774$315,056$9,363$891,193
Occupancy$593,912$144,824$5,418$744,154
Travel$508,313$182,412$13,982$704,707
Pension Plan Contributions$372,996$217,009$6,886$596,891
Payroll Taxes$270,797$157,283$5,203$433,283
Conferences and Meetings$279,025$50,431$21,344$350,800
Fees for Services Legal$212,580$45,825$528$258,933
Insurance$186,906$48,421$760$236,087
Depreciation Depletion$161,849$38,868-$200,717
Other Expenses$275,385$182,334$1,237$182,334
All Other Expenses$46,274$22,667$280$69,221
Fees for Services Accounting-$46,947-$46,947
Interest-$231-$231
Total Functional Expenses$28,511,498$4,987,648$279,895$33,779,041

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$33,779,041
Total Expenses per Audited Statements$33,779,041
Total Expenses per Form 990$33,779,041
International Activity

International Summary

Offices
1
Employees
36
Spending
$7,454,137

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram ServicesClinical136$6,837,574
Sub-Saharan AfricaProgram ServicesProgram Services--$580,082
Sub-Saharan AfricaProgram ServicesProduct development--$35,317
Sub-Saharan AfricaProgram ServicesRegulatory/qa Services--$1,164
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$35,513
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

Draft version is made available electronically to the finance committee before submission to the irs.

FORM 990, PART VI, SECTION B, LINE 12C:

Employees are required to complete a confidentiality agreement with the organization upon acceptance of employment terms. The employee discloses any areas of potential conflict of interest and agrees to notify the appropriate individuals of any potential occurrences.

FORM 990, PART VI, SECTION B, LINE 15:

The salary of the ceo is determined by referencing industry data to identify compensation level based on responsibilities, size of organization, and funding levels. Once the data is accumulated, the information is then presented to the finance chairperson and committee for review and approval of the board of directors. Upon approval, the information is forwarded to the hr department by ipms legal counsel for implementation. All chief level salaries are subject to the same procedures as the ceo salary review process. Compensation level recommendations are submitted directly to the chairman of the finance committee for review and discussion with the ceo. Once the compensation level has been approved, the ceo submits these approvals to hr for implementation.

FORM 990, PART VI, SECTION C, LINE 19:

The organizations governing documents, conflict of interest policy and financial statements are made available to the public upon request. The financial statements are also part of the organization's annual report which is distributed to its donors and available to the public upon request.

Filing and Contact Details

Filer

Filer Name
International Partnership for Microbicides
EIN
01-0741733
In Care Of
% ZEDA F ROSENBERG
Phone
3016082221
Address
8405 Colesville Road Suite 600, Silver Spring, MD 20910

Signing Officer

Name
Kathleen Flynn
Title
CFO
Phone
3016082221
Signed
2017-07-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
zeda f rosenberg
Formed
2002
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
47
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Marc Berger
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

quality assurance: expenses $857,988. including grants of $0. revenue $0. OTHER PROGRAMS - PROGRAM SUPPORT: REGULATORY & QUALITY ASSURANCE: THE EXTERNAL AFFAIRS UNIT EXISTS TO BUILD AWARENESS GLOBALLY ABOUT MICROBICIDES AND CREATE A FAVORABLE ENVIRONMENT IN SUPPORT OF MICROBICIDE PRODUCT DEVELOPMENT. THIS IS ACHIEVED BY INFORMING, EDUCATING, AND BUILDING SUPPORT FOR IPM'S WORK THROUGH COMMUNICATION MATERIALS, ADVOCACY AND DIRECT STAKEHOLDER ENGAGEMENT. expenses $1,407,472. including grants of $0. revenue $0. total Part III, line 4d: expenses $2,265,460. including grants of $0. revenue $0.

FORM 990, PART XI, LINE 9:

foreign currency loss -569,988.

FORM 990, PART XII, LINE 2C:

The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.

Financial Statement Notes

PART X, LINE 2:

Ipm is generally exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. In addition, ipm qualifies for charitable contributions deductions and has been classified as an organization that is not a private foundation. Income which is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate income taxes. There was no tax liability for unrelated business income for the years ended december 31, 2016 and 2015. Generally, ipm is no longer subject to u.s. Federal or state tax examinations by tax authorities before 2013. A tax position is recognized as a benefit only if it is more likely than not that the tax position taken would be sustained in a tax examination, presuming that a tax examination will occur. Management has evaluated ipm's tax positions and has concluded that ipm has taken no uncertain tax positions. Ipm recognizes interest and/or penalties related to uncertain tax positions, if any, in the income tax expense in the accompanying statement of activities. No interest and/or penalties were recorded for the years ended december 31, 2016 and 2015.

PART XI, LINE 2D:

Foreign currency loss -$569,988

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1President and COO
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt13EVP, Product Development
IRS990/Form990PartVIISectionAGrp/TitleTxt14EVP, Chief Medical Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt15EVP. Global Product Access
IRS990/Form990PartVIISectionAGrp/TitleTxt16Sr. Director, Quality Assuranc
IRS990/Form990PartVIISectionAGrp/TitleTxt17Sr. Director, Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt18Sr. Director, Pre-Clin Science
IRS990/Form990PartVIISectionAGrp/TitleTxt19Sr. Program Director, Dapiviri
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director, Chemistry & Analytic
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IRS990/MissionDesc0IPM is a nonprofit organization that is dedicated to accelerating the development of safe and effective HIV prevention tools and sexual and reproductive health technologies for women, and making them available in developing countries. Our partnerships with public, private and civil society bring scientific ingenuity, political will and financial resources to bear on developing and delivering products designed to have significant public health impact.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$9.96$12.8$2.84
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$4.39$11.8$20.2$19.9$0.32
2020Detailed filing. Detailed filing data is available for this year.$23.5$11.9$11.6$20.2$20.8$0.59
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.1$15.7$12.4$25.2$24.8$0.48
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$12.8$12.0$25.2$26.3$1.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.0$9.79$13.3$35.7$36.8$1.08
2016Detailed filing. Detailed filing data is available for this year.$20.1$5.53$14.5$36.0$33.8$2.19
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$23.2$10.2$13.0$33.0$33.2$0.22
2014Detailed filing. Detailed filing data is available for this year.$28.9$14.1$14.8$31.6$32.2$0.69
2013Detailed filing. Detailed filing data is available for this year.$40.5$23.4$17.1$32.8$33.4$0.66
2012Summary only. Only limited summary data is available for this year.$42.0$22.7$19.3$31.7$31.0$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.6$31.5$21.1$37.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.5$58.2$23.3$56.3