Civic Intelligence

Institute for Neurodegenerative Disorders Inc.

990 • Fiscal year 2017 • EIN 06-1582206

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 15, 2018

270 Chapel Street Second FloorNew Haven, CT 06510

(203) 401-4300

Siviq Scores

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

Liabilities / Assets

50th percentile

0.09x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

2nd percentile

-51%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-22%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$807,160

Down $831,892 (-51%) from 2016

Net Assets

Down

$734,456

Down $452,444 (-38%) from 2016

Liabilities

Down

$72,704

Down $379,448 (-84%) from 2016

Revenue

Down

$3,504,708

Down $999,110 (-22%) from 2016

Expenses

Down

$3,957,152

Down $474,680 (-11%) from 2016

Net Income

Down

-$452,444

Down $524,430 (-729%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $2,426,709Liabilities 2010: $1,830,860Net Assets 2010: $595,8492010Assets 2011: $993,971Liabilities 2011: $672,770Net Assets 2011: $321,2012011Assets 2012: $1,545,637Liabilities 2012: $1,189,159Net Assets 2012: $356,4782012Assets 2013: $2,782,303Liabilities 2013: $1,486,475Net Assets 2013: $1,295,8282013Assets 2014: $3,382,880Liabilities 2014: $2,124,473Net Assets 2014: $1,258,4072014Assets 2015: $1,500,196Liabilities 2015: $385,282Net Assets 2015: $1,114,9142015Assets 2016: $1,639,052Liabilities 2016: $452,152Net Assets 2016: $1,186,9002016Assets 2017: $807,160Liabilities 2017: $72,704Net Assets 2017: $734,4562017Assets 2018: $2,199,960Liabilities 2018: $180,459Net Assets 2018: $2,019,5012018Assets 2019: $5,169,355Liabilities 2019: $2,880,622Net Assets 2019: $2,288,7332019Assets 2020: $4,224,515Liabilities 2020: $2,009,569Net Assets 2020: $2,214,9462020Assets 2021: $7,010,755Liabilities 2021: $4,205,620Net Assets 2021: $2,805,1352021Assets 2022: $6,387,631Liabilities 2022: $2,695,391Net Assets 2022: $3,692,2402022Assets 2023: $9,693,922Liabilities 2023: $4,150,668Net Assets 2023: $5,543,2542023Assets 2024: $14,625,379Liabilities 2024: $6,054,763Net Assets 2024: $8,570,6162024

Highlighted filing

2017

Assets$807,160
Liabilities$72,704
Net Assets$734,456

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $7,139,7942010Expenses 2011: $5,180,3862011Expenses 2012: $3,426,7522012Revenue 2013: $4,672,764Expenses 2013: $3,733,414Net Income 2013: $939,3502013Revenue 2014: $4,256,555Expenses 2014: $4,293,976Net Income 2014: -$37,4212014Revenue 2015: $3,940,242Expenses 2015: $4,083,735Net Income 2015: -$143,4932015Revenue 2016: $4,503,818Expenses 2016: $4,431,832Net Income 2016: $71,9862016Revenue 2017: $3,504,708Expenses 2017: $3,957,152Net Income 2017: -$452,4442017Revenue 2018: $5,370,037Expenses 2018: $4,084,992Net Income 2018: $1,285,0452018Revenue 2019: $6,274,529Expenses 2019: $6,005,297Net Income 2019: $269,2322019Revenue 2020: $5,678,379Expenses 2020: $5,752,166Net Income 2020: -$73,7872020Revenue 2021: $8,708,583Expenses 2021: $8,118,394Net Income 2021: $590,1892021Revenue 2022: $12,127,200Expenses 2022: $11,240,095Net Income 2022: $887,1052022Revenue 2023: $17,985,784Expenses 2023: $16,134,770Net Income 2023: $1,851,0142023Revenue 2024: $21,955,732Expenses 2024: $18,928,370Net Income 2024: $3,027,3622024

Highlighted filing

2017

Revenue$3,504,708
Expenses$3,957,152
Net Income-$452,444
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 15, 2018
Return Version
2017v2.3
Gross Receipts
$3,504,708
Mission and Program Overview

Mission

Medical research to learn about causes and possible cures for neurodegenerative disorders such as alzheimer and parkinson disorder.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$670,542$654,418▼ $16,124
Cash and Non-Interest-Bearing Accounts$930,080$103,438▼ $826,642
Prepaid Expenses and Deferred Charges$16,275$29,611▲ $13,336
Land, Buildings, and Equipment, Net$22,155$19,693▼ $2,462
Total Assets$1,639,052$807,160▼ $831,892
Liabilities
Accounts Payable and Accrued Expenses$452,152$72,704▼ $379,448
Total Liabilities$452,152$72,704▼ $379,448
Net Assets / Fund Balance
Unrestricted Net Assets$1,186,900$734,456▼ $452,444
Total Net Assets Fund Balance$1,186,900$734,456▼ $452,444
Total Liabilities and Net Assets / Fund Balance$1,639,052$807,160▼ $831,892
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael ForteChairman
Cheryl YanosyBoard Member
Harvey DannBoard Member
Jackie DorwinBoard Member
Janna MurgiaBoard Member
John SeibylBoard Member
Ken MarekBoard Member
Reed MalleckFin Director
Jack MariottiExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$1,777,961
Program Service Revenue
$1,726,660
Investment Income
$87
Other Revenue
$0
All Other Contributions
$153,552
Change in Net Assets
$-452,444

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,504,708
Total Revenue per Audited Statements
$3,504,708
Total Revenue per Form 990
$3,504,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,401,855
Other Expenses$1,555,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,173,972$102,774-$2,276,746
Other Employee Benefits$62,203$39,340-$101,543
Fees for Services Other$46,721$22,619-$69,340
Travel$17,225$3,564-$20,789
Office Expenses$10,078$9,393-$19,471
Payroll Taxes$18,031$1,146-$19,177
Insurance-$18,055-$18,055
Occupancy$276$12,720-$12,996
Pension Plan Contributions$4,126$263-$4,389
Depreciation Depletion$52$2,410-$2,462
Other Expenses$944$622-$1,566
Total Functional Expenses$3,023,291$933,861$0$3,957,152

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,957,152
Total Expenses per Audited Statements$3,957,152
Total Expenses per Form 990$3,957,152
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
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, Page 6, Part VI, Line 2

John seibyl board member part owner of invirco, llc kenneth marek board member part owner of invirco, llc janna murgia board member part owner of invirco, llc

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the cfo and by the executive director and selected directors. The 990 was also distributed to the board of directors for comment prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board of directors reviews annual conflict of interest statements at an annual director's meeting. For related party transactions, transaction pricing is compared to data on arm's length transactions for similar business transactions to ensure the institute is receiving pricing comparable to that for independent arm's length transactions. After a review and discussion, the board, with the interested member(s) recused, votes on a resolution to accept or reject the proposed transaction related to the potential conflict of interest.

Form 990, Page 6, Part VI, Line 15A

Compensation for officers and key employees is reviewed at an annual board of directors meeting by the full board. Factors such as the reasonableness of compensation increases in comparison to cost of living increases are taken into account in the discussion of any proposed compensation changes. The board votes on the proposed salary increases with affected officer recusing themselves from the voting. In the case of new hires to the institution, additional comparisons to other external data sources are performed.

Form 990, Page 6, Part VI, Line 15B

Compensation for other officers and key employees is reviewed at an annual board of directors meeting by the full board. Factors such as the reasonableness of compensation increases in comparison to cost of living increases are taken into account in the discussion of any proposed compensation changes. The board votes on the proposed salary increases with affected officer recusing themselves from the voting. In the case of new hires to the institution, additional comparisons to other external data sources are performed.

Form 990, Page 6, Part VI, Line 19

Financial statements, governing documents and conflict of interest statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Institute for Neurodegenerative
EIN
06-1582206
Phone
2034014300
Address
270 CHAPEL STREET SECOND FLOOR, NEW HAVEN, CT 06510

Signing Officer

Name
Jack Mariotti
Title
Executive Director
Phone
6179043543
Signed
2018-10-15

Organization Details

Principal Officer
Jack Mariotti
Formed
2001
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
4
Employees
4
Volunteers
30

Preparer

Firm
Michaud Accavallo Woodbridge & Cusano
Address
158 MAIN ST STE 301, ANSONIA, CT 06401
Preparer
John Accavallo
Phone
2037322311
Raw XML Appendix378 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04207801
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IRS990ScheduleA/TotalSupportAmt015950517
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IRS990ScheduleD/TotalRevenuePerForm990Amt03504708
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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0KENNETH MAREK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1JOHN SEIBYL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt0KENNETH MAREK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt1JOHN SEIBYL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ALLOCATION OF COSTS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1ALLOCATION OF COSTS
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0JOHN SEIBYL AND KENNETH MAREK ARE PART OWNERS OF INVRO, LLC, AN ORGANIZATION THAT SHARES OPERATING COSTS WITH THE INSTITUTE FOR NEURODEGENERATIVE DISORDERS, INC.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN SEIBYL BOARD MEMBER PART OWNER OF INVIRCO, LLC KENNETH MAREK BOARD MEMBER PART OWNER OF INVIRCO, LLC JANNA MURGIA BOARD MEMBER PART OWNER OF INVIRCO, LLC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE CFO AND BY THE EXECUTIVE DIRECTOR AND SELECTED DIRECTORS. THE 990 WAS ALSO DISTRIBUTED TO THE BOARD OF DIRECTORS FOR COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS ANNUAL CONFLICT OF INTEREST STATEMENTS AT AN ANNUAL DIRECTOR'S MEETING. FOR RELATED PARTY TRANSACTIONS, TRANSACTION PRICING IS COMPARED TO DATA ON ARM'S LENGTH TRANSACTIONS FOR SIMILAR BUSINESS TRANSACTIONS TO ENSURE THE INSTITUTE IS RECEIVING PRICING COMPARABLE TO THAT FOR INDEPENDENT ARM'S LENGTH TRANSACTIONS. AFTER A REVIEW AND DISCUSSION, THE BOARD, WITH THE INTERESTED MEMBER(S) RECUSED, VOTES ON A RESOLUTION TO ACCEPT OR REJECT THE PROPOSED TRANSACTION RELATED TO THE POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS REVIEWED AT AN ANNUAL BOARD OF DIRECTORS MEETING BY THE FULL BOARD. FACTORS SUCH AS THE REASONABLENESS OF COMPENSATION INCREASES IN COMPARISON TO COST OF LIVING INCREASES ARE TAKEN INTO ACCOUNT IN THE DISCUSSION OF ANY PROPOSED COMPENSATION CHANGES. THE BOARD VOTES ON THE PROPOSED SALARY INCREASES WITH AFFECTED OFFICER RECUSING THEMSELVES FROM THE VOTING. IN THE CASE OF NEW HIRES TO THE INSTITUTION, ADDITIONAL COMPARISONS TO OTHER EXTERNAL DATA SOURCES ARE PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED AT AN ANNUAL BOARD OF DIRECTORS MEETING BY THE FULL BOARD. FACTORS SUCH AS THE REASONABLENESS OF COMPENSATION INCREASES IN COMPARISON TO COST OF LIVING INCREASES ARE TAKEN INTO ACCOUNT IN THE DISCUSSION OF ANY PROPOSED COMPENSATION CHANGES. THE BOARD VOTES ON THE PROPOSED SALARY INCREASES WITH AFFECTED OFFICER RECUSING THEMSELVES FROM THE VOTING. IN THE CASE OF NEW HIRES TO THE INSTITUTION, ADDITIONAL COMPARISONS TO OTHER EXTERNAL DATA SOURCES ARE PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03023291
IRS990/TotalFunctionalExpensesGrp/TotalAmt03957152
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IRS990/TotalProgramServiceExpensesAmt03023291
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0807160
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IRS990/TravelGrp/TotalAmt020789
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/WebsiteAddressTxt0WWW.INDD.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK MARIOTTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06179043543
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSTITUTE FOR NEURODEGENERATIVE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DISORDERS
ReturnHeader/Filer/BusinessNameControlTxt0INST
ReturnHeader/Filer/EIN0061582206
ReturnHeader/Filer/PhoneNum02034014300
ReturnHeader/Filer/USAddress/AddressLine1Txt0270 CHAPEL STREET SECOND FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW HAVEN
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.146.7.21
ReturnHeader/FilingSecurityInformation/IPDt02018-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:00:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030500350
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAUD ACCAVALLO WOODBRIDGE & CUSANO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0158 MAIN ST STE 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANSONIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006401
ReturnHeader/PreparerPersonGrp/PhoneNum02037322311
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN ACCAVALLO
ReturnHeader/ReturnTs02018-11-06T12:00:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$6.05$8.57$22.0$18.9$3.03
2023Detailed filing. Detailed filing data is available for this year.$9.69$4.15$5.54$18.0$16.1$1.85
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.39$2.70$3.69$12.1$11.2$0.89
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.01$4.21$2.81$8.71$8.12$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.22$2.01$2.21$5.68$5.75$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.17$2.88$2.29$6.27$6.01$0.27
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.18$2.02$5.37$4.08$1.29
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.07$0.73$3.50$3.96$0.45
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.45$1.19$4.50$4.43$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.39$1.11$3.94$4.08$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.38$2.12$1.26$4.26$4.29$0.04
2013Detailed filing. Detailed filing data is available for this year.$2.78$1.49$1.30$4.67$3.73$0.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$1.19$0.36$3.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.67$0.32$5.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$1.83$0.60$7.14