Civic Intelligence

Vesalius Foundation for Visual Communications in Health Sciences

990 • Fiscal year 2021 • EIN 20-1609682

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 12, 2021

800 S Washington St Apt B 208Alexandria, VA 22314

(904) 878-7801

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

87th percentile

52%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

58th percentile

14%

Faster asset growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

489%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$521,190

Up $64,887 (+14%) from 2020

Net Assets

Up

$521,190

Up $65,033 (+14%) from 2020

Liabilities

Down

$0

Down $146 (-100%) from 2020

Revenue

Up

$124,563

Up $103,415 (+489%) from 2020

Expenses

Up

$59,530

Up $1,839 (+3.2%) from 2020

Net Income

Up

$65,033

Up $101,576 (+278%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $402,036Liabilities 2011: $6,102Net Assets 2011: $395,9342011Assets 2012: $398,295Liabilities 2012: $8,875Net Assets 2012: $389,4202012Assets 2013: $465,523Liabilities 2013: $13,874Net Assets 2013: $451,6492013Assets 2014: $456,006Liabilities 2014: $3,090Net Assets 2014: $452,9162014Assets 2015: $401,616Liabilities 2015: $0Net Assets 2015: $401,6162015Assets 2016: $328,977Liabilities 2016: $0Net Assets 2016: $328,9772016Assets 2017: $374,997Liabilities 2017: $3,591Net Assets 2017: $371,4062017Assets 2018: $585,981Liabilities 2018: $147Net Assets 2018: $585,8342018Assets 2019: $492,846Liabilities 2019: $146Net Assets 2019: $492,7002019Assets 2020: $456,303Liabilities 2020: $146Net Assets 2020: $456,1572020Assets 2021: $521,190Liabilities 2021: $0Net Assets 2021: $521,1902021Assets 2022: $456,460Liabilities 2022: $0Net Assets 2022: $456,4602022Assets 2023: $454,433Liabilities 2023: $73Net Assets 2023: $454,3602023Assets 2024: $465,153Liabilities 2024: $2,808Net Assets 2024: $462,3452024

Highlighted filing

2021

Assets$521,190
Liabilities$0
Net Assets$521,190

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $77,471Expenses 2011: $45,862Net Income 2011: $31,6092011Expenses 2012: $49,3032012Expenses 2013: $46,0722013Revenue 2014: $23,642Expenses 2014: $76,061Net Income 2014: -$52,4192014Revenue 2015: $52,111Expenses 2015: $98,563Net Income 2015: -$46,4522015Revenue 2016: -$12,510Expenses 2016: $60,129Net Income 2016: -$72,6392016Revenue 2017: $75,288Expenses 2017: $66,976Net Income 2017: $8,3122017Revenue 2018: $243,818Expenses 2018: $48,619Net Income 2018: $195,1992018Revenue 2019: $25,577Expenses 2019: $48,197Net Income 2019: -$22,6202019Revenue 2020: $21,148Expenses 2020: $57,691Net Income 2020: -$36,5432020Revenue 2021: $124,563Expenses 2021: $59,530Net Income 2021: $65,0332021Revenue 2022: $92,639Expenses 2022: $60,498Net Income 2022: $32,1412022Revenue 2023: $43,623Expenses 2023: $71,175Net Income 2023: -$27,5522023Revenue 2024: $45,405Expenses 2024: $57,129Net Income 2024: -$11,7242024

Highlighted filing

2021

Revenue$124,563
Expenses$59,530
Net Income$65,033
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$125,347
Mission and Program Overview

Mission

To provide leadership for the advancement of education and research in visual communication for the health sciences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$444,357$511,412▲ $67,055
Cash and Non-Interest-Bearing Accounts$9,987$9,221▼ $766
Accounts Receivable$1,175$0▼ $1,175
Prepaid Expenses and Deferred Charges-$535-
Land, Buildings, and Equipment, Net$784$22▼ $762
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$456,303$521,190▲ $64,887
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$146--
Total Liabilities$146$0▼ $146
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$55,829$433,923▲ $378,094
Net Assets With Donor Restrictions$400,328$87,267▼ $313,061
Total Net Assets Fund Balance$456,157$521,190▲ $65,033
Total Liabilities and Net Assets / Fund Balance$456,303$521,190▲ $64,887

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22$762$784
Compensation and Service Providers

Board Members and Trustees

NameTitle
David Warner EhlertPresident
Jill RheadVice President
Aimee CammilleriDirector
Christine BrancheDirector
Dorothy FatunmbiDirector
Evelyn LockhartDirector
Jeffrey DayDirector
Laura GarrisonDirector
Mark MillerDirector
Sora Ji Unez Demonet ScholarDirector
Wendy Beth JackelowDirector
Joy RemuzziExecutive Director
Chelsea CanlasExec. Cmte. Mem
Laura RoySecretary
Richard WeaverTreasurer
William HamiltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,020
Program Service Revenue
$0
Investment Income
$93,099
Other Revenue
$12,444
All Other Contributions
$16,143
Change in Net Assets
$65,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,730
Grants and Similar Amounts Paid$13,800
Total Fundraising Expense$9,821
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$9,641$4,285$7,499$21,425
Grants to Domestic Individuals$13,800--$13,800
Fees for Service Investment Mgmnt Fees$3,626$2,418-$6,044
Fees for Services Accounting$2,359$1,049$1,835$5,243
Insurance-$775-$775
Depreciation Depletion-$762-$762
All Other Expenses$399$130$230$759
Other Expenses$128$56$100$284
Total Functional Expenses$38,969$10,740$9,821$59,530
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,955
Fundraising Direct Expenses$770
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Trust A Thon$8,653$8,653-$8,653
Auction$7,179$4,302$770$3,532
Total Events$15,832$12,955$770$12,185
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Executive DirManagement FeesNo$200

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The Organization has delegated daily operation of the Foundation to a management company, Schott Management company.

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is reviewed by the management company prior to filing with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board Review.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Governing and financial documents are available upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Vesalius Foundation for Visual
EIN
20-1609682
Phone
9048787801
Address
800 S Washington St Apt B 208, Alexandria, VA 22314

Signing Officer

Name
Joy Remuzzi
Title
Executive Director
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joy Remuzzi
Formed
2007
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Rocha & Company Pc
Address
9841 Washingtonian Boulevard Suite, Gaithersburg, MD 20878
Preparer
Ryan W Rocha CPA
Phone
3015192912
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IRS990/GrossReceiptsAmt0125347
IRS990/GrossSalesOfInventoryAmt0273
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IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0775
IRS990/InsuranceGrp/TotalAmt0775
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt022
IRS990/LandBldgEquipCostOrOtherBssAmt0784
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide leadership for the advancement of education and research in visual communication for the health sciences.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0456157
IRS990/NetAssetsOrFundBalancesEOYAmt0521190
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt012185
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt012185
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt0259
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0259
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt055829
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0433923
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Speaker & Exhibit
IRS990/OtherExpensesGrp/Desc1Bad Debt Expense
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3Bank Fees
IRS990/OtherExpensesGrp/FundraisingAmt0157
IRS990/OtherExpensesGrp/FundraisingAmt1100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt190
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt256
IRS990/OtherExpensesGrp/ProgramServicesAmt08813
IRS990/OtherExpensesGrp/ProgramServicesAmt1203
IRS990/OtherExpensesGrp/ProgramServicesAmt2128
IRS990/OtherExpensesGrp/TotalAmt08813
IRS990/OtherExpensesGrp/TotalAmt11175
IRS990/OtherExpensesGrp/TotalAmt2450
IRS990/OtherExpensesGrp/TotalAmt3284
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0535
IRS990/PrincipalOfficerNm0Joy Remuzzi
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt059365
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt011125
IRS990/PYInvestmentIncomeAmt0-39223
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt046566
IRS990/PYOtherRevenueAmt01006
IRS990/PYRevenuesLessExpensesAmt0-36543
IRS990/PYTotalExpensesAmt057691
IRS990/PYTotalRevenueAmt021148
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt065033
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt059365
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt025696
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0234695
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt057429
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0396205
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt093099
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0-39223
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0-7612
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05757
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04656
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt056677
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07920
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt08009
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt017951
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt093099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0-39223
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0-7612
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05757
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04656
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt056677
IRS990ScheduleA/InvestmentIncomeCYPct00.12040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.87960
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0414156
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt019293

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.65$0.03$4.62$0.45$0.57$0.12
2023Detailed filing. Detailed filing data is available for this year.$4.54$0.00$4.54$0.44$0.71$0.28
2022Detailed filing. Detailed filing data is available for this year.$4.56$0.00$4.56$0.93$0.60$0.32
2021Detailed filing. Detailed filing data is available for this year.$5.21$0.00$5.21$1.25$0.60$0.65
2020Detailed filing. Detailed filing data is available for this year.$4.56$0.00$4.56$0.21$0.58$0.37
2019Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$0.26$0.48$0.23
2018Detailed filing. Detailed filing data is available for this year.$5.86$0.00$5.86$2.44$0.49$1.95
2017Detailed filing. Detailed filing data is available for this year.$3.75$0.04$3.71$0.75$0.67$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$0.13$0.60$0.73
2015Detailed filing. Detailed filing data is available for this year.$4.02$0.00$4.02$0.52$0.99$0.46
2014Detailed filing. Detailed filing data is available for this year.$4.56$0.03$4.53$0.24$0.76$0.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$0.14$4.52$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.09$3.89$0.49
2011Summary only. Only limited summary data is available for this year.$4.02$0.06$3.96$0.77$0.46$0.32
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $500k-$1M nonprofits