Civic Intelligence

Pxe International Inc.

990 • Fiscal year 2021 • EIN 04-3294138

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 01, 2022

26400 Woodfield Road 189Damascus, MD 20872

(202) 362-9599

Siviq Scores

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

Liabilities / Assets

91st percentile

0.60x

Higher debt load relative to assets than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.52x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

12th percentile

-48%

Higher net margin than 12% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

8th percentile

-53%

Faster asset growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-54%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$348,262

Down $399,615 (-53%) from 2020

Net Assets

Down

$141,005

Down $186,664 (-57%) from 2020

Liabilities

Down

$207,257

Down $212,951 (-51%) from 2020

Revenue

Down

$400,017

Down $474,872 (-54%) from 2020

Expenses

Down

$593,578

Down $34,304 (-5.5%) from 2020

Net Income

Down

-$193,561

Down $440,568 (-178%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $94,454Liabilities 2010: $36,051Net Assets 2010: $58,4032010Assets 2011: $74,572Liabilities 2011: $9,457Net Assets 2011: $65,1152011Assets 2012: $109,712Liabilities 2012: $57,253Net Assets 2012: $52,4592012Assets 2013: $51,933Liabilities 2013: $8,924Net Assets 2013: $43,0092013Assets 2014: $72,671Liabilities 2014: $16,803Net Assets 2014: $55,8682014Assets 2015: $86,771Liabilities 2015: $19,202Net Assets 2015: $67,5692015Assets 2016: $547,016Liabilities 2016: $12,888Net Assets 2016: $534,1282016Assets 2017: $446,202Liabilities 2017: $85,875Net Assets 2017: $360,3272017Assets 2018: $295,041Liabilities 2018: $45,787Net Assets 2018: $249,2542018Assets 2019: $198,658Liabilities 2019: $118,787Net Assets 2019: $79,8712019Assets 2020: $747,877Liabilities 2020: $420,208Net Assets 2020: $327,6692020Assets 2021: $348,262Liabilities 2021: $207,257Net Assets 2021: $141,0052021Assets 2022: $422,744Liabilities 2022: $388,681Net Assets 2022: $34,0632022Assets 2023: $323,280Liabilities 2023: $165,931Net Assets 2023: $157,3492023Assets 2024: $185,108Liabilities 2024: $77,436Net Assets 2024: $107,6722024

Highlighted filing

2021

Assets$348,262
Liabilities$207,257
Net Assets$141,005

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $375,4972010Expenses 2011: $409,2772011Expenses 2012: $334,5222012Revenue 2013: $207,827Expenses 2013: $230,921Net Income 2013: -$23,0942013Revenue 2014: $292,876Expenses 2014: $293,486Net Income 2014: -$6102014Revenue 2015: $310,940Expenses 2015: $299,188Net Income 2015: $11,7522015Revenue 2016: $842,253Expenses 2016: $386,735Net Income 2016: $455,5182016Revenue 2017: $601,102Expenses 2017: $784,409Net Income 2017: -$183,3072017Revenue 2018: $284,383Expenses 2018: $402,503Net Income 2018: -$118,1202018Revenue 2019: $440,553Expenses 2019: $610,580Net Income 2019: -$170,0272019Revenue 2020: $874,889Expenses 2020: $627,882Net Income 2020: $247,0072020Revenue 2021: $400,017Expenses 2021: $593,578Net Income 2021: -$193,5612021Revenue 2022: $594,224Expenses 2022: $698,189Net Income 2022: -$103,9652022Revenue 2023: $615,098Expenses 2023: $501,093Net Income 2023: $114,0052023Revenue 2024: $680,029Expenses 2024: $738,905Net Income 2024: -$58,8762024

Highlighted filing

2021

Revenue$400,017
Expenses$593,578
Net Income-$193,561
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 1, 2022
Return Version
2020v4.2
Gross Receipts
$400,017
Mission and Program Overview

Mission

Pxe international inc. Initiates and conducts research, educates clinicians, and supports individuals affected by pseudoxanthoma elasticum (pxe).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$453,904$229,715▼ $224,189
Pledges and Grants Receivable$90,621--
Savings and Temporary Cash Investments$176,696$87,034▼ $89,662
Investments in Publicly Traded Securities$16,828$26,308▲ $9,480
Land, Buildings, and Equipment, Net$6,559$3,967▼ $2,592
Prepaid Expenses and Deferred Charges$3,269$1,238▼ $2,031
Total Assets$747,877$348,262▼ $399,615
Liabilities
Accounts Payable and Accrued Expenses$373,316$124,257▼ $249,059
Grants Payable-$83,000-
Unsecured Notes Loans Payable$42,402--
Deferred Revenue$4,490--
Total Liabilities$420,208$207,257▼ $212,951
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$327,669$141,005▼ $186,664
Total Net Assets Fund Balance$327,669$141,005▼ $186,664
Total Liabilities and Net Assets / Fund Balance$747,877$348,262▼ $399,615

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,967$15,204$19,171
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barbara DrewiczDirector
Jessica HarperDirector
Kathy HerseyDirector
Sam HarperDirector
Lionel BercovitchMedical Director
Sharon TerryCEO
Joseph MaasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$396,983
Program Service Revenue
$2,470
Investment Income
$564
Other Revenue
$0
All Other Contributions
$396,983
Change in Net Assets
$-193,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$400,017
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,897
Total Revenue per Audited Statements
$406,914
Total Revenue per Form 990
$400,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$238,105
Other Expenses$187,473
Grants and Similar Amounts Paid$168,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$184,936$34,734-$219,670
Grants to Domestic Orgs$168,000--$168,000
Fees for Services Other$78,021$6,429-$84,450
Payroll Taxes$15,184$3,251-$18,435
Fees for Services Accounting-$16,229-$16,229
Occupancy-$7,626-$7,626
All Other Expenses$3,315$1,701-$5,016
Depreciation Depletion-$2,591-$2,591
Other Expenses$1,128$1,770-$1,770
Insurance-$1,538-$1,538
Advertising-$596-$596
Office Expenses$552$37-$589
Travel-$150-$150
Total Functional Expenses$515,830$77,748$0$593,578

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$593,578
Total Expenses per Audited Statements$593,578
Total Expenses per Form 990$593,578
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Thomas Jefferson UniversityPhiladelphia, PA-To Support Research Staff and Facilities for the Establishment of the Pxe International Center of Excellence in Research and Clinical Care.$168,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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 11B

The draft of form 990 was submitted to the governing body. After the treasurer and the president review it, it is released back to auditor for completion.

Form 990, Part VI, Section B, Line 12C

The organization requires everyone including board members to disclose conflict of interest annually.

Form 990, Part VI, Section B, Line 15

The board determines compensation - the current executive director (ed) is paid. Key employees are determined by the ed after she compares salaries to other groups.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The organization also makes its financial statements available through pxe.org and guidestar.org.

Filing and Contact Details

Filer

Filer Name
Pxe International Inc
EIN
04-3294138
Phone
2023629599
Address
26400 WOODFIELD ROAD 189, DAMASCUS, MD 20872

Signing Officer

Name
Sharon Terry
Title
CEO
Phone
2023629599
Signed
2022-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Terry
Formed
1995
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
1

Preparer

Firm
Phillips & Associates LLC
Address
15825 SHADY GROVE ROAD SUITE 40, ROCKVILLE, MD 20850
Preparer
Andrew Phillips CPA
Phone
3015193280
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 78,021. Management and general expenses 6,429. Fundraising expenses 0. Total expenses 84,450.

Form 990, Part XII, Line 2C

Process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

Pxe international adopted the provisions of fasb accounting standards codification, income taxes (asc 740). Asc 740 requires that a tax position be recognized on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of asc 740 had no impact on pxe international's audited statements of financial position or statements of activities. Pxe international does not believe their financial statements include (or reflect) any uncertain tax positions, however fiscal years 2017 and later remain subject to examination by the irs and state authorities.

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IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt015204
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PXE INTERNATIONAL ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION, INCOME TAXES (ASC 740). ASC 740 REQUIRES THAT A TAX POSITION BE RECOGNIZED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON PXE INTERNATIONAL'S AUDITED STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES. PXE INTERNATIONAL DOES NOT BELIEVE THEIR FINANCIAL STATEMENTS INCLUDE (OR REFLECT) ANY UNCERTAIN TAX POSITIONS, HOWEVER FISCAL YEARS 2017 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE IRS AND STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT RESEARCH STAFF AND FACILITIES FOR THE ESTABLISHMENT OF THE PXE INTERNATIONAL CENTER OF EXCELLENCE IN RESEARCH AND CLINICAL CARE.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THOMAS JEFFERSON UNIVERSITY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT OF FORM 990 WAS SUBMITTED TO THE GOVERNING BODY. AFTER THE TREASURER AND THE PRESIDENT REVIEW IT, IT IS RELEASED BACK TO AUDITOR FOR COMPLETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES EVERYONE INCLUDING BOARD MEMBERS TO DISCLOSE CONFLICT OF INTEREST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINES COMPENSATION - THE CURRENT EXECUTIVE DIRECTOR (ED) IS PAID. KEY EMPLOYEES ARE DETERMINED BY THE ED AFTER SHE COMPARES SALARIES TO OTHER GROUPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION ALSO MAKES ITS FINANCIAL STATEMENTS AVAILABLE THROUGH PXE.ORG AND GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 78,021. MANAGEMENT AND GENERAL EXPENSES 6,429. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,450.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.85$0.77$1.08$6.80$7.39$0.59
2023Detailed filing. Detailed filing data is available for this year.$3.23$1.66$1.57$6.15$5.01$1.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$3.89$0.34$5.94$6.98$1.04
2021Detailed filing. Detailed filing data is available for this year.$3.48$2.07$1.41$4.00$5.94$1.94
2020Detailed filing. Detailed filing data is available for this year.$7.48$4.20$3.28$8.75$6.28$2.47
2019Detailed filing. Detailed filing data is available for this year.$1.99$1.19$0.80$4.41$6.11$1.70
2018Detailed filing. Detailed filing data is available for this year.$2.95$0.46$2.49$2.84$4.03$1.18
2017Detailed filing. Detailed filing data is available for this year.$4.46$0.86$3.60$6.01$7.84$1.83
2016Detailed filing. Detailed filing data is available for this year.$5.47$0.13$5.34$8.42$3.87$4.56
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.19$0.68$3.11$2.99$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.17$0.56$2.93$2.93$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.09$0.43$2.08$2.31$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.57$0.52$3.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.09$0.65$4.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.36$0.58$3.75