Civic Intelligence

Foundation for Innovation and Life Inc.

990 • Fiscal year 2019 • EIN 20-4325286

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 27, 2020

Organization ProfileWWW.CBSET.ORG

Refreshing map…

500 Shire WayLexington, MA 02421

(781) 541-5555

Siviq Scores

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

Liabilities / Assets

68th percentile

0.42x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

37th percentile

0.13x

Higher debt load relative to revenue than 37% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

85th percentile

$380,297

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

6th percentile

-14%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

10%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$4,898,945

Down $781,043 (-14%) from 2018

Net Assets

Up

$2,835,619

Up $239,302 (+9.2%) from 2018

Liabilities

Down

$2,063,326

Down $1,020,345 (-33%) from 2018

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin44th percentile

Revenue

Up

$15,372,636

Up $1,442,886 (+10%) from 2018

Expenses

Up

$15,133,334

Up $1,510,015 (+11%) from 2018

Net Income

Down

$239,302

Down $67,129 (-22%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$30M$20M$10M$0Assets 2011: $6,312,764Liabilities 2011: $3,286,034Net Assets 2011: $3,026,7302011Assets 2012: $4,932,496Liabilities 2012: $1,867,715Net Assets 2012: $3,064,7812012Assets 2013: $4,595,355Liabilities 2013: $1,187,104Net Assets 2013: $3,408,2512013Assets 2014: $4,546,071Liabilities 2014: $1,894,445Net Assets 2014: $2,651,6262014Assets 2015: $4,895,878Liabilities 2015: $2,075,250Net Assets 2015: $2,820,6282015Assets 2016: $4,180,582Liabilities 2016: $1,280,975Net Assets 2016: $2,899,6072016Assets 2017: $4,333,390Liabilities 2017: $2,043,504Net Assets 2017: $2,289,8862017Assets 2018: $5,679,988Liabilities 2018: $3,083,671Net Assets 2018: $2,596,3172018Assets 2019: $4,898,945Liabilities 2019: $2,063,326Net Assets 2019: $2,835,6192019Assets 2020: $7,998,012Liabilities 2020: $5,087,403Net Assets 2020: $2,910,6092020Assets 2021: $14,994,473Liabilities 2021: $5,888,098Net Assets 2021: $9,106,3752021Assets 2022: $23,766,998Liabilities 2022: $12,122,718Net Assets 2022: $11,644,2802022Assets 2024: $11,132,218Liabilities 2024: $3,444,101Net Assets 2024: $7,688,1172024

Highlighted filing

2019

Assets$4,898,945
Liabilities$2,063,326
Net Assets$2,835,619
Open 2019 Filing

Operations Trend

Revenue Growth67th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $13,431,985Expenses 2011: $11,838,797Net Income 2011: $1,593,1882011Revenue 2012: $12,007,031Expenses 2012: $11,968,980Net Income 2012: $38,0512012Revenue 2013: $12,937,938Expenses 2013: $12,594,468Net Income 2013: $343,4702013Revenue 2014: $11,285,873Expenses 2014: $12,042,498Net Income 2014: -$756,6252014Revenue 2015: $14,045,003Expenses 2015: $13,876,001Net Income 2015: $169,0022015Revenue 2016: $12,896,526Expenses 2016: $12,817,546Net Income 2016: $78,9802016Revenue 2017: $11,865,908Expenses 2017: $12,475,629Net Income 2017: -$609,7212017Revenue 2018: $13,929,750Expenses 2018: $13,623,319Net Income 2018: $306,4312018Revenue 2019: $15,372,636Expenses 2019: $15,133,334Net Income 2019: $239,3022019Revenue 2020: $13,549,249Expenses 2020: $13,474,259Net Income 2020: $74,9902020Revenue 2021: $24,232,593Expenses 2021: $18,036,827Net Income 2021: $6,195,7662021Revenue 2022: $25,153,452Expenses 2022: $22,615,547Net Income 2022: $2,537,9052022Revenue 2024: $523,933Expenses 2024: $635,866Net Income 2024: -$111,9332024

Highlighted filing

2019

Revenue$15,372,636
Expenses$15,133,334
Net Income$239,302
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 27, 2020
Return Version
2019v5.1
Gross Receipts
$15,372,636
Mission and Program Overview

Mission

Cbset inc.'s mission is to help our sponsors develop unique tools and novel methods to promote early diagnosis and develop innovative treatments for complex diseases. Cbset specializes in the development and application of novel minimally invasive techniques in the fields of cardiology, endoscopy, surgery, drug, and device delivery, drug and device safety, and diagnostic imaging.

Csbet, inc. Is dedicated to research, education, and advancement of early stage technologies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$3,480,358$2,677,623▼ $802,735
Land, Buildings, and Equipment, Net$999,345$923,927▼ $75,418
Savings and Temporary Cash Investments$527,155$529,287▲ $2,132
Prepaid Expenses and Deferred Charges$405,133$317,214▼ $87,919
Cash and Non-Interest-Bearing Accounts$258,330$193,705▼ $64,625
Total Assets$5,679,988$4,898,945▼ $781,043
Other Assets Total$9,667$257,189▲ $247,522
Liabilities
Other Liabilities$845,768$917,013▲ $71,245
Accounts Payable and Accrued Expenses$1,292,632$709,715▼ $582,917
Deferred Revenue$785,728$436,598▼ $349,130
Grants Payable$159,543$0▼ $159,543
Total Liabilities$3,083,671$2,063,326▼ $1,020,345
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,596,317$2,835,619▲ $239,302
Total Net Assets Fund Balance$2,596,317$2,835,619▲ $239,302
Total Liabilities and Net Assets / Fund Balance$5,679,988$4,898,945▼ $781,043

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$896,765$5,454,277$6,351,042
Leasehold Improvements$27,162$981,728$1,008,890
Other Assets Org$256,772--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter MarkhamPres/exec DirectorFT$353,818$26,479$380,297
John KeatingPathologistFT$200,448$15,465$215,913
Misty Williams-fritzeDirector of Vet ServicesFT$179,989$27,384$207,373
Brett ZaniApplied SciencesFT$167,979$20,600$188,579
Lynn BaileyInterventionalistPT$169,553$13,984$183,537
Elazer EdelmanDirector-$162,500-$162,500
Adam GroothuisTreas/clerk/consultantPT$7,500-$7,500
Campbell RogersBoard Director-$7,500-$7,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,345,986
Investment Income
$2,403
Other Revenue
$24,247
Change in Net Assets
$239,302

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,400,846
Revenue Not Reported on Financial Statements
$-28,210
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$2,403
Total Revenue per Audited Statements
$15,400,846
Total Revenue per Form 990
$15,372,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,878,716
Salaries, Compensation, and Employee Benefits$7,217,578
Grants and Similar Amounts Paid$37,040
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,828,975$1,032,851-$4,861,826
Occupancy$1,574,035$433,663-$2,007,698
Current Officers, Directors, Trustees, and Key Employees$825,276$246,511-$1,071,787
Other Employee Benefits$643,471$192,205-$835,676
Payroll Taxes$345,183$103,106-$448,289
Fees for Services Accounting$340,799$93,893-$434,692
Depreciation Depletion$308,262$84,929-$393,191
Office Expenses$275,555$98,123-$373,678
Travel$138,237$38,086-$176,323
Insurance$94,379$26,003-$120,382
Other Expenses$91,181$25,121-$116,302
All Other Expenses$784$84,216-$85,000
Grants to Domestic Orgs$37,040--$37,040
Interest-$30,615-$30,615
Total Functional Expenses$12,277,860$2,855,474$0$15,133,334

Audited Expense Reconciliation

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

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Massachusetts Institute of TechnologyCambridge, MA501(c)(3)Discretionary Research Fund$25,000
Center for Biomedical Science & Engineering TrustBrookline, MA501(c)(3)Discretionary Research Fund$12,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Julian EdelmanRelative of Organization Director Elazer EdelmanEmployed by Cbset,inc.No$37,050
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$500,689
Customer Deposits$337,364
Long Term Portion of Capital Lease$78,960
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
Yes
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

“Board of directors and management review form 990 for accuracy and approve prior to filing.”

Form 990, Part VI, Section B, Line 15

“The board approves the payroll of top management and key employees using the input from outside consultants. The organization leases employees through a staffing company, genesis consolidated services, which provides salary recommendations.”

Form 990, Part VI, Section C, Line 18

“The organization will furnish documentation upon request.”

Form 990, Part VI, Section C, Line 19

“The organization will furnish documentation upon request.”

Filing and Contact Details

Filer

Filer Name
Cbset Inc
EIN
20-4325286
Phone
7815415555
Address
500 SHIRE WAY, LEXINGTON, MA 02421

Signing Officer

Name
Peter Markham
Title
President
Phone
7815415555
Signed
2020-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Markham
Formed
2006
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
1
Employees
98
Volunteers
0

Preparer

Firm
Citrin Cooperman & Company Llp
Address
10 FORBES ROAD WEST, BRAINTREE, MA 02184
Preparer
Jonathan J Pike
Phone
7813562000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization assesses the recording of uncertain tax positions by evaluating the minimum recognition threshold and measurement requirements a tax position must meet before being recognized as a benefit in the financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“INTEREST INCOME - $2,403”

Raw XML AppendixShowing 400 of 618 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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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0835676
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1CONSULTING
IRS990/OtherExpensesGrp/Desc2EQUIPMENT SERVICE CONTR
IRS990/OtherExpensesGrp/Desc3TRADE SHOWS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0248958
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1117194
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt225121
IRS990/OtherExpensesGrp/ProgramServicesAmt02445685
IRS990/OtherExpensesGrp/ProgramServicesAmt1903627
IRS990/OtherExpensesGrp/ProgramServicesAmt2425371
IRS990/OtherExpensesGrp/ProgramServicesAmt391181
IRS990/OtherExpensesGrp/TotalAmt02445685
IRS990/OtherExpensesGrp/TotalAmt11152585
IRS990/OtherExpensesGrp/TotalAmt2542565
IRS990/OtherExpensesGrp/TotalAmt3116302
IRS990/OtherLiabilitiesGrp/BOYAmt0845768
IRS990/OtherLiabilitiesGrp/EOYAmt0917013
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt024247
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024247
IRS990/OtherRevenueTotalAmt024247
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01032851
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03828975
IRS990/OtherSalariesAndWagesGrp/TotalAmt04861826
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0103106
IRS990/PayrollTaxesGrp/ProgramServicesAmt0345183
IRS990/PayrollTaxesGrp/TotalAmt0448289
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0405133
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0317214
IRS990/PrincipalOfficerNm0PETER MARKHAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/BusinessCd1541700
IRS990/ProgramServiceRevenueGrp/Desc0SUPPORT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1CONSULTING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015105685
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1240301
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015105685
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1240301
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0250
IRS990/PYInvestmentIncomeAmt0234
IRS990/PYOtherExpensesAmt06940144
IRS990/PYOtherRevenueAmt0116865
IRS990/PYProgramServiceRevenueAmt013812651
IRS990/PYRevenuesLessExpensesAmt0306431
IRS990/PYSalariesCompEmpBnftPaidAmt06682925
IRS990/PYTotalExpensesAmt013623319
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013929750
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0239302
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015372636
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0527155
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0529287
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02403
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0234
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02519
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02673
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02810
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt015345986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt013830481
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt011869512
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt012892577
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt014040418
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt067978974
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02403
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0234
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02519
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02673
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02810
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010639
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt067978974
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt015345986
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt013830481
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt011869512
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt012892577
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt014040418
IRS990ScheduleA/Total509Grp/TotalAmt067978974
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt015348389
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt013830715
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt011872031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt012895250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt014043228
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt067989613
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0896765
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05454277
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06351042
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0-30613
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027162
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0981728
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01008890
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0417
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1256772
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LEASE ACQUISITION COSTS (NET)
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1EMPLOYEE ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0337364
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt178960
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2500689
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LONG TERM PORTION OF CAPITAL LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02403
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-28210
IRS990ScheduleD/RevenueSubtotalAmt015400846
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST INCOME - $2,403
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0923927
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0257189
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt0917013
IRS990ScheduleD/TotalRevenuePerForm990Amt015372636
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015400846
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt012000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DISCRETIONARY RESEARCH FUND
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DISCRETIONARY RESEARCH FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CENTER FOR BIOMEDICAL SCIENCE & ENGINEERING TRUST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MASSACHUSETTS INSTITUTE OF TECHNOLOGY
IRS990ScheduleI/RecipientTable/RecipientEIN0043299490
IRS990ScheduleI/RecipientTable/RecipientEIN1042103594
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt030 WARREN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt177 MASSACHUSETTS AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BROOKLINE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CAMBRIDGE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002445
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd102139
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0162500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1353818
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2200448
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3167979
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4179989
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5169553
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,898,945
Liabilities
$2,063,326
Net assets
$2,835,619
Revenue
$15,372,636
Expenses
$15,133,334
Net income
$239,302
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$3.44$7.69$0.52$0.64$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$12.1$11.6$25.2$22.6$2.54
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$5.89$9.11$24.2$18.0$6.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.00$5.09$2.91$13.5$13.5$0.07
2019Detailed filing. Detailed filing data is available for this year.$4.90$2.06$2.84$15.4$15.1$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.68$3.08$2.60$13.9$13.6$0.31
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.33$2.04$2.29$11.9$12.5$0.61
2016Summary only. Only limited summary data is available for this year.$4.18$1.28$2.90$12.9$12.8$0.08
2015Summary only. Only limited summary data is available for this year.$4.90$2.08$2.82$14.0$13.9$0.17
2014Summary only. Only limited summary data is available for this year.$4.55$1.89$2.65$11.3$12.0$0.76
2013Summary only. Only limited summary data is available for this year.$4.60$1.19$3.41$12.9$12.6$0.34
2012Summary only. Only limited summary data is available for this year.$4.93$1.87$3.06$12.0$12.0$0.04
2011Summary only. Only limited summary data is available for this year.$6.31$3.29$3.03$13.4$11.8$1.59
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $10M-$25M nonprofits