Civic Intelligence

Psc Partners Seeking a Cure

990 • Fiscal year 2015 • EIN 20-2112635

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 29, 2016

6900 E Belleview Ave Ste 202Greenwood Village, CO 80111

(303) 771-5227

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

67th percentile

9.5%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

65th percentile

5.3%

Faster asset growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

9.9%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,647,748

Up $82,485 (+5.3%) from 2014

Net Assets

Up

$1,642,114

Up $78,155 (+5.0%) from 2014

Liabilities

Up

$5,634

Up $4,330 (+332%) from 2014

Revenue

Up

$824,235

Up $74,027 (+9.9%) from 2014

Expenses

Up

$746,080

Up $131,663 (+21%) from 2014

Net Income

Down

$78,155

Down $57,636 (-42%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $861,904Liabilities 2010: $191,949Net Assets 2010: $669,9552010Assets 2011: $1,089,305Liabilities 2011: $4,199Net Assets 2011: $1,085,1062011Assets 2012: $1,325,775Liabilities 2012: $105Net Assets 2012: $1,325,6702012Assets 2013: $1,444,515Liabilities 2013: $17,947Net Assets 2013: $1,426,5682013Assets 2014: $1,565,263Liabilities 2014: $1,304Net Assets 2014: $1,563,9592014Assets 2015: $1,647,748Liabilities 2015: $5,634Net Assets 2015: $1,642,1142015Assets 2016: $1,798,559Liabilities 2016: $5,053Net Assets 2016: $1,793,5062016Assets 2017: $1,730,436Liabilities 2017: $5,311Net Assets 2017: $1,725,1252017Assets 2018: $1,671,506Liabilities 2018: $3,917Net Assets 2018: $1,667,5892018Assets 2019: $2,151,795Liabilities 2019: $3,606Net Assets 2019: $2,148,1892019Assets 2020: $2,718,056Liabilities 2020: $64,750Net Assets 2020: $2,653,3062020Assets 2021: $3,594,920Liabilities 2021: $13,536Net Assets 2021: $3,581,3842021Assets 2022: $4,595,672Liabilities 2022: $18,020Net Assets 2022: $4,577,6522022Assets 2023: $4,418,232Liabilities 2023: $117,369Net Assets 2023: $4,300,8632023Assets 2024: $3,103,082Liabilities 2024: $160,002Net Assets 2024: $2,943,0802024

Highlighted filing

2015

Assets$1,647,748
Liabilities$5,634
Net Assets$1,642,114

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $271,4642010Expenses 2011: $320,5682011Expenses 2012: $327,3162012Revenue 2013: $621,495Expenses 2013: $523,309Net Income 2013: $98,1862013Revenue 2014: $750,208Expenses 2014: $614,417Net Income 2014: $135,7912014Revenue 2015: $824,235Expenses 2015: $746,080Net Income 2015: $78,1552015Revenue 2016: $836,891Expenses 2016: $685,499Net Income 2016: $151,3922016Revenue 2017: $793,218Expenses 2017: $861,599Net Income 2017: -$68,3812017Revenue 2018: $1,023,196Expenses 2018: $1,080,732Net Income 2018: -$57,5362018Revenue 2019: $1,344,905Expenses 2019: $864,305Net Income 2019: $480,6002019Revenue 2020: $1,586,090Expenses 2020: $1,080,973Net Income 2020: $505,1172020Revenue 2021: $2,115,184Expenses 2021: $1,163,628Net Income 2021: $951,5562021Revenue 2022: $2,207,381Expenses 2022: $1,109,278Net Income 2022: $1,098,1032022Revenue 2023: $2,260,576Expenses 2023: $2,427,365Net Income 2023: -$166,7892023Revenue 2024: $1,901,852Expenses 2024: $3,259,635Net Income 2024: -$1,357,7832024

Highlighted filing

2015

Revenue$824,235
Expenses$746,080
Net Income$78,155
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 29, 2016
Return Version
2015v2.1
Gross Receipts
$824,235
Mission and Program Overview

Mission

The mission of the psc partners seeking a cure foundation is to provide education and support to psc patients, families and caregivers and to raise funds to research causes, treatments and potential cures for primary sclerosing cholangitis. Other significant activities the members of the pscp scientific/medical advisory committee are actively engaged in deciding where to allocate our funds for psc research. Through this competitive program, pscp has awarded research grants to prominent psc researchers. In 2014, pscp launched the psc partners patient registry. The goal of the registry is to collect de-identified (anonymous) information on patients diagnosed with primary sclerosing cholangitis (psc) in order to increase and accelerate research, enable clinical and drug trials, and find effective treatments for psc. Psc is a poorly understood disease for which there are currently no effective therapies and no known cure. We hope that our patient registry will provide a forum for psc patie

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,514,448$1,530,382▲ $15,934
Cash and Non-Interest-Bearing Accounts$49,442$99,383▲ $49,941
Land, Buildings, and Equipment, Net$1,373$12,991▲ $11,618
Prepaid Expenses and Deferred Charges-$2,878-
Total Assets$1,565,263$1,647,748▲ $82,485
Other Assets Total-$2,114-
Liabilities
Accounts Payable and Accrued Expenses$1,304$5,634▲ $4,330
Total Liabilities$1,304$5,634▲ $4,330
Net Assets / Fund Balance
Unrestricted Net Assets$1,428,711$1,464,172▲ $35,461
Temporarily Rstr Net Assets$135,248$177,942▲ $42,694
Total Net Assets Fund Balance$1,563,959$1,642,114▲ $78,155
Total Liabilities and Net Assets / Fund Balance$1,565,263$1,647,748▲ $82,485

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,991$4,400$17,391

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$135,248$302,667-$259,973$177,942
2014$272,310$171,632-$308,694$135,248
2013$370,566$273,296-$371,552$272,310
2012$366,004$175,520-$170,958$370,566
2011$193,122$357,569-$184,687$366,004
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$614,865
Program Service Revenue
$205,360
Investment Income
$4,010
Other Revenue
$0
All Other Contributions
$614,865
Change in Net Assets
$78,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$824,235
Total Revenue per Audited Statements
$824,235
Total Revenue per Form 990
$824,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$363,000
Other Expenses$256,962
Salaries, Compensation, and Employee Benefits$126,118
Total Fundraising Expense$101,248
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$183,000--$183,000
Foreign Grants$180,000--$180,000
Conferences and Meetings$116,781$10,381$2,595$129,757
Current Officers, Directors, Trustees, and Key Employees$32,856$20,535$28,748$82,139
Advertising$9,183$2,405$43,074$54,662
Other Expenses$29,741$1,671$2,005$33,417
Other Salaries and Wages$10,973$6,858$9,602$27,433
Fees for Services Accounting$5,872$6,711$1,398$13,981
Office Expenses$3,362$2,497$2,791$8,650
Payroll Taxes$3,337$1,251$3,753$8,341
Other Employee Benefits$3,282$2,051$2,872$8,205
Fees for Services Legal$3,435$3,925$818$8,178
Information Technology$2,192$939$3,132$6,263
Depreciation Depletion$407$254$356$1,017
Insurance$196$686$98$980
Fees for Services Other$24$27$6$57
Total Functional Expenses$584,641$60,191$101,248$746,080

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$746,080
Total Expenses per Audited Statements$746,080
Total Expenses per Form 990$746,080
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of California at DavisDavis, CA501c3Medical Research$60,000
BRINGHAM AND WOMEN'S HOSPITALBoston, MA501c3Medical Research$30,000
Duke UniversityDurham, NC501c3Medical Research$30,000
Northwestern UniversityEvanston, IL501c3Medical Research$30,000
Yale UniversityNew Haven, CT501c3Medical Research$30,000

International Summary

Offices
5
Employees
5

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
EuropeGrantResearch55-
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 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
No
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 11B

All members of the board of directors receive a copy of the 990 prior to it being filed.

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

Annual disclosure of conflicts of interest required.

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

Ceo and board of directors do not receive compensation compensation policy for executive director the corporation's primary objective is to provide reasonable and competitive executive total compensation consistent with market-based compensation practices for individuals possessing the experience and skills needed to improve the overall performance of the organization. The organization's executive compensation policy is designed to: a) encourage the attraction and retention of high-caliber executives. B) provide a competitive total compensation package, including benefits. C) ensure that pay is perceived to be fair and equitable. D) ensure that the policy complies with i.r.s. Regulations and state and federal legislation. Establishment of compensation committee a compensation committee of the board will be established annually by the board chair as an ad hoc committee. The compensation committee will administer this policy. The following components will be present in the process of setting executive compensation: review/approval by the board. No involvement of persons with conflicts of interest. Collection and use of compensation data for similarly qualified persons in comparable positions at similarly situated organizations. Contemporaneous documentation and recordkeeping. Review/approval by the board the corporation's executive compensation policy is administered by the compensation committee of the board. The compensation committee is responsible for establishing and maintaining a competitive compensation policy for the key executives of the organization. The committee meets as needed to review the compensation policy and make recommendations for any changes to the board, as appropriate. No involvement of persons with conflicts of interest the board chair, in appointing the compensation committee will ensure that no member of the compensation committee has a conflict of interest that would impair their ability to be fair and impartial to the compensation process. Further, the compensation committee will engage an independent firm to review comparable compensation data, along with the proposed compensation for key executives. Collection and use of compensation data compensation must be commensurate with the duties and responsibilities of the person being compensated. Reasonable compensation is the amount that would ordinarily be paid for like services by like enterprises, whether taxable or tax-exempt, under like circumstances. In order to satisfy the rebuttable presumption safe harbor procedure, the compensation committee will rely on the following definitions when seeking comparability data to make its determination regarding compensation issues. Like services. In comparing an individual's compensation to another individual's compensation, the comparison must be based on substantially similar duties and responsibilities. The i.r.s. Has stated that the key is comparing duties and responsibilities, a functional comparison, and not the job title. To determine whether the individual's compensation is commensurate with others in the same position and thus reasonable, the i.r.s. Considers, among other factors: the individual's duties and responsibilities. The number of employees the individual manages. The size of the budget or assets the individual manages. The number of hours worked. Whether the job is national or local in scope. Whether the individual manages multiple functions or departments. Like enterprises. Comparisons of enterprises need to be based on entities of similar size. Indicators of size include number of employees, number of persons served by the organization, budget and revenues. Additionally, the comparables should come from the same industry so as to best match the individual's duties and responsibilities. Tax-exempt organizations can look to both the for-profit and non-profit sectors to determine reasonable compensation. Like circumstances. Compensation packages being compared must consist of a similar mix

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Psc Partners Seeking a Cure
EIN
20-2112635
Phone
3037715227
Address
6900 E BELLEVIEW AVE STE 202, GREENWOOD VILLAGE, CO 80111

Signing Officer

Name
Ricky Safer
Title
CEO
Phone
3037715227
Signed
2016-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky Safer
Formed
2005
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
375

Preparer

Firm
Poysti & Adams LLC
Address
400 S COLORADO BLVD STE 690, DENVER, CO 80246
Preparer
Charles W Poysti CPA Cgma
Phone
3037333796
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the psc partners seeking a cure foundation is to provide education and support to psc patients, families and caregivers and to raise funds to research causes, treatments and potential cures for primary sclerosing cholangitis. Other significant activities the members of the pscp scientific/medical advisory committee are actively engaged in deciding where to allocate our funds for psc research. Through this competitive program, pscp has awarded research grants to prominent psc researchers. In 2014, pscp launched the psc partners patient registry. The goal of the registry is to collect de-identified (anonymous) information on patients diagnosed with primary sclerosing cholangitis (psc) in order to increase and accelerate research, enable clinical and drug trials, and find effective treatments for psc. Psc is a poorly understood disease for which there are currently no effective therapies and no known cure. We hope that our patient registry will provide a forum for psc patients from all over the world to share their medical information and provide researcher with data that will lead to a better understanding of psc. Since 2005 pscp has held annual patient conferences for psc patients and caregivers at different medical centers throughout the country. These weekend conferences offer the opportunity to learn about the most recent advances in psc treatments and research and also to share experiences, advice, and concerns with other pscers. Pscp has started holding local forums for psc patients and caregivers. The psc partners seeking a cure website includes advice and personal stories from our members, so that we can offer valuable everyday living suggestions to pscers in addition to updates on treatments and medical research. In addition, pscp publishes a free online newsletter with updates about the latest treatments, research results, and coping suggestions.

Financial Statement Notes

Schedule D, Page 3, Part X

No provision for income taxes has been made in the accompanying financial statements because the organization has qualified as exempt from income tax under section 501(c)(3) of the internal revenue code and comparable state law, and contributions to it are tax deductible within the limitations prescribed by the code. The organization did not have any material unrelated business income tax liability or significant uncertain tax positions for the years ended december 31, 2015 or 2014. The organization's tax filings are subject to audit by various taxing authorities. The organization's ending open audit periods are december 31, 2012, 2013, 2014 and 2015.

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IRS990/ActivityOrMissionDesc0THE MISSION OF THE PSC PARTNERS SEEKING A CURE FOUNDATION IS TO PROVIDE EDUCATION AND SUPPORT TO PSC PATIENTS, FAMILIES AND CAREGIVERS AND TO RAISE FUNDS TO RESEARCH CAUSES, TREATMENTS AND POTENTIAL CURES FOR PRIMARY SCLEROSING CHOLANGITIS. OTHER SIGNIFICANT ACTIVITIES THE MEMBERS OF THE PSCP SCIENTIFIC/MEDICAL ADVISORY COMMITTEE ARE ACTIVELY ENGAGED IN DECIDING WHERE TO ALLOCATE OUR FUNDS FOR PSC RESEARCH. THROUGH THIS COMPETITIVE PROGRAM, PSCP HAS AWARDED RESEARCH GRANTS TO PROMINENT PSC RESEARCHERS. IN 2014, PSCP LAUNCHED THE PSC PARTNERS PATIENT REGISTRY. THE GOAL OF THE REGISTRY IS TO COLLECT DE-IDENTIFIED (ANONYMOUS) INFORMATION ON PATIENTS DIAGNOSED WITH PRIMARY SCLEROSING CHOLANGITIS (PSC) IN ORDER TO INCREASE AND ACCELERATE RESEARCH, ENABLE CLINICAL AND DRUG TRIALS, AND FIND EFFECTIVE TREATMENTS FOR PSC. PSC IS A POORLY UNDERSTOOD DISEASE FOR WHICH THERE ARE CURRENTLY NO EFFECTIVE THERAPIES AND NO KNOWN CURE. WE HOPE THAT OUR PATIENT REGISTRY WILL PROVIDE A FORUM FOR PSC PATIE
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IRS990/Form990PartVIISectionAGrp/PersonNm9CHRISTINE BROWNER
IRS990/Form990PartVIISectionAGrp/PersonNm10MIKE PEARLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11WES HENDRIX
IRS990/Form990PartVIISectionAGrp/PersonNm12JENNIFER SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm13JAMES TABIBIAN
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE ORGANIZATION HAS QUALIFIED AS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW, AND CONTRIBUTIONS TO IT ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. THE ORGANIZATION DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY OR SIGNIFICANT UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2015 OR 2014. THE ORGANIZATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S ENDING OPEN AUDIT PERIODS ARE DECEMBER 31, 2012, 2013, 2014 AND 2015.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.16$2.94$1.90$3.26$1.36
2023Summary only. Only limited summary data is available for this year.$4.42$0.12$4.30$2.26$2.43$0.17
2022Summary only. Only limited summary data is available for this year.$4.60$0.02$4.58$2.21$1.11$1.10
2021Summary only. Only limited summary data is available for this year.$3.59$0.01$3.58$2.12$1.16$0.95
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.06$2.65$1.59$1.08$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.00$2.15$1.34$0.86$0.48
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.00$1.67$1.02$1.08$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.01$1.73$0.79$0.86$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.01$1.79$0.84$0.69$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.65$0.01$1.64$0.82$0.75$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.56$0.75$0.61$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.44$0.02$1.43$0.62$0.52$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.19$0.67$0.27
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits