Civic Intelligence

Oregon Translational Research and Drug Development Institute

990 • Fiscal year 2017 • EIN 20-8877231

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 30, 2018

4640 SW Macadam Ave Suite 270Portland, OR 97239

(503) 227-1814

Siviq Scores

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

Liabilities / Assets

78th percentile

0.45x

Higher debt load relative to assets than 78% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

1.32x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

44th percentile

1.1%

Higher net margin than 44% of similar nonprofits.

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

Top Officer Pay

90th percentile

$209,012

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

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

Asset Growth

88th percentile

37%

Faster asset growth than 88% of similar nonprofits.

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

Revenue Growth

16th percentile

-14%

Faster revenue growth than 16% of similar nonprofits.

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

Assets

Up

$4,747,634

Up $1,283,857 (+37%) from 2016

Net Assets

Up

$2,617,671

Up $17,134 (+0.7%) from 2016

Liabilities

Up

$2,129,963

Up $1,266,723 (+147%) from 2016

Revenue

Down

$1,616,831

Down $265,972 (-14%) from 2016

Expenses

Down

$1,599,697

Down $339,528 (-18%) from 2016

Net Income

Up

$17,134

Up $73,556 (+130%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $4,135,010Liabilities 2010: $679,899Net Assets 2010: $3,455,1112010Assets 2011: $4,183,071Liabilities 2011: $735,191Net Assets 2011: $3,447,8802011Assets 2012: $4,234,793Liabilities 2012: $724,021Net Assets 2012: $3,510,7722012Assets 2013: $4,682,164Liabilities 2013: $1,604,498Net Assets 2013: $3,077,6662013Assets 2014: $4,375,101Liabilities 2014: $1,323,024Net Assets 2014: $3,052,0772014Assets 2015: $4,925,414Liabilities 2015: $2,268,455Net Assets 2015: $2,656,9592015Assets 2016: $3,463,777Liabilities 2016: $863,240Net Assets 2016: $2,600,5372016Assets 2017: $4,747,634Liabilities 2017: $2,129,963Net Assets 2017: $2,617,6712017Assets 2018: $3,655,411Liabilities 2018: $822,895Net Assets 2018: $2,832,5162018Assets 2019: $5,064,218Liabilities 2019: $1,921,435Net Assets 2019: $3,142,7832019Assets 2020: $4,158,559Liabilities 2020: $715,041Net Assets 2020: $3,443,5182020Assets 2021: $6,242,383Liabilities 2021: $2,481,899Net Assets 2021: $3,760,4842021Assets 2022: $16,344,117Liabilities 2022: $12,378,846Net Assets 2022: $3,965,2712022Assets 2023: $16,165,340Liabilities 2023: $11,822,092Net Assets 2023: $4,343,2482023Assets 2024: $15,791,727Liabilities 2024: $11,201,631Net Assets 2024: $4,590,0962024

Highlighted filing

2017

Assets$4,747,634
Liabilities$2,129,963
Net Assets$2,617,671

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,322,0912010Expenses 2011: $1,422,3692011Expenses 2012: $1,417,4342012Revenue 2013: $1,474,554Expenses 2013: $1,907,660Net Income 2013: -$433,1062013Revenue 2014: $1,487,796Expenses 2014: $1,513,385Net Income 2014: -$25,5892014Revenue 2015: $1,441,429Expenses 2015: $1,899,105Net Income 2015: -$457,6762015Revenue 2016: $1,882,803Expenses 2016: $1,939,225Net Income 2016: -$56,4222016Revenue 2017: $1,616,831Expenses 2017: $1,599,697Net Income 2017: $17,1342017Revenue 2018: $1,804,620Expenses 2018: $1,589,775Net Income 2018: $214,8452018Revenue 2019: $1,920,057Expenses 2019: $1,609,790Net Income 2019: $310,2672019Revenue 2020: $1,824,854Expenses 2020: $1,524,119Net Income 2020: $300,7352020Revenue 2021: $2,041,535Expenses 2021: $1,724,569Net Income 2021: $316,9662021Revenue 2022: $2,222,628Expenses 2022: $2,017,841Net Income 2022: $204,7872022Revenue 2023: $1,827,560Expenses 2023: $2,038,542Net Income 2023: -$210,9822023Revenue 2024: $2,482,428Expenses 2024: $2,235,580Net Income 2024: $246,8482024

Highlighted filing

2017

Revenue$1,616,831
Expenses$1,599,697
Net Income$17,134
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 30, 2018
Return Version
2017v2.3
Gross Receipts
$1,616,831
Mission and Program Overview

Mission

Otradi is a non-profit research and development organization, supported in part by the state of oregon, that strives to promote bioscience industry growth and job creation in oregon. Otradi achieves this goal via collaboration with private and public sector entities in the bioscience community to discover, develop, and commercialize therapeutics, vaccines, diagnostics and other life sciences products important for human health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$497,425$2,500,000▲ $2,002,575
Cash and Non-Interest-Bearing Accounts$1,881,465$1,652,644▼ $228,821
Land, Buildings, and Equipment, Net$961,452$478,440▼ $483,012
Prepaid Expenses and Deferred Charges$56,114$61,624▲ $5,510
Accounts Receivable$29,517$17,122▼ $12,395
Total Assets$3,463,777$4,747,634▲ $1,283,857
Other Assets Total$37,804$37,804→ $0
Liabilities
Deferred Revenue$533,163$1,914,307▲ $1,381,144
Other Liabilities$313,388$194,393▼ $118,995
Accounts Payable and Accrued Expenses$16,689$21,263▲ $4,574
Total Liabilities$863,240$2,129,963▲ $1,266,723
Net Assets / Fund Balance
Unrestricted Net Assets$2,600,537$2,617,671▲ $17,134
Total Net Assets Fund Balance$2,600,537$2,617,671▲ $17,134
Total Liabilities and Net Assets / Fund Balance$3,463,777$4,747,634▲ $1,283,857

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$84,756$158,277-
Leasehold Improvements$393,684$1,839,082-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer Fox PhdExecutive DiFT$201,419$7,593$209,012
Jennifer Fox PhdExecutive Director-$201,419$7,593$209,012

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,149,061
Program Service Revenue
$464,981
Investment Income
$2,789
Other Revenue
$0
All Other Contributions
$26,636
Change in Net Assets
$17,134

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,616,831
Total Revenue per Audited Statements
$1,616,831
Total Revenue per Form 990
$1,616,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,106,481
Salaries, Compensation, and Employee Benefits$493,216
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$486,088--$486,088
Occupancy$353,527--$353,527
Current Officers, Directors, Trustees, and Key Employees-$201,419-$201,419
Other Salaries and Wages-$190,901-$190,901
Other Employee Benefits-$70,542-$70,542
Fees for Services Other-$65,410-$65,410
Insurance-$30,822-$30,822
Payroll Taxes-$30,354-$30,354
Conferences and Meetings-$25,940-$25,940
All Other Expenses$8,706$17,116-$25,822
Fees for Services Accounting-$23,330-$23,330
Information Technology$5,236$16,703-$21,939
Office Expenses-$13,428-$13,428
Other Expenses$8,784$6,594-$8,784
Travel-$6,764-$6,764
Advertising$1,615--$1,615
Fees for Services Legal-$350-$350
Total Functional Expenses$866,906$732,791$0$1,599,697

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,599,697
Total Expenses per Audited Statements$1,599,697
Total Expenses per Form 990$1,599,697
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$112,554
Payroll and Related Payables$44,817
Obi Rent Deposits$37,022
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 7A

The governing body is comprised of representatives of different organizations, including universities and the private sector. Directors will be elected by majority vote of the directors then in office.

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

By otradi audit committee

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

Each person annually signs a statement which affirms that he/she received a copy of the policy, read and understands the policy, agreed to comply with the policy, disclosed any relationship that could give rise to a conflict of interest, and disclosed whether such interest is implicated by an existing transaction with otradi.

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

The board of directors annually reviews the compensation package for the executive director. Proposed salary adjustments require board approval.

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

N/A

Form 990, Page 6, Part VI, Line 19

The organization does not make its governing documents and financial statements available to the public. The conflict of interest policy is available to the public via the organization's website.

Filing and Contact Details

Filer

Filer Name
Oregon Translational Research and
EIN
20-8877231
Phone
5032271814
Address
4640 SW MACADAM AVE SUITE 270, PORTLAND, OR 97239

Signing Officer

Name
Jennifer Fox Phd
Title
Executive Director
Phone
5032271814
Signed
2018-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Fox Phd
Formed
2007
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
10
Employees
5

Preparer

Firm
Acumen Financial Services Group Pc
Address
2 CENTERPOINTE DR STE 345, LAKE OSWEGO, OR 97035
Preparer
Kendra Steph
Phone
5036829600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Otradi is a non-profit research and development organization, supported in part by the state of oregon, that strives to promote bioscience industry growth and job creation in oregon. Otradi achieves this goal via collaboration with private and public sector entities in the bioscience community to discover, develop, and commercialize therapeutics, vaccines, diagnostics and other life sciences products important for human health.

Financial Statement Notes

Schedule D, Page 3, Part X

The institute is a not-for-profit entity and is exempt from paying income taxes under the internal revenue code section 501(c)(3). Management believes that none of its activities are subject to unrelated business income taxes; therefore, no provision for income taxes has been made in the accompanying financial statements. Management evaluates tax positions taken by the institute and recognizes a tax liability (or asset) if the institute has taken an uncertain tax position that, more likely than not, would not be sustained upon examination by taxing authorities.

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IRS990/OtherExpensesGrp/Desc0EDUCATION & TRAINING
IRS990/OtherExpensesGrp/Desc1TELEPHONE, COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc2MEMBERSHIPS AND DUES
IRS990/OtherExpensesGrp/Desc3LAB HAZARDOUS WASTE RMVL
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0190901
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE OTRADI BIOSCIENCE INCUBATOR IS OREGON'S FIRST BIOSCIENCE SPECIFIC ACCELERATOR. IT PROVIDES SCIENTISTS AND YOUNG COMPANIES WITH THE RESOURCES AND EXPERTISE NEEDED TO TAKE THEIR RESEARCH FROM THE LAB TO THE MARKET.
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IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0470124
IRS990ScheduleA/HospitalNameAndAddressGrp/CityNm0PORTLAND
IRS990ScheduleA/HospitalNameAndAddressGrp/StateAbbreviationCd0OR
IRS990ScheduleA/HospitalNameAndAddressGrp/SupportedOrganizationName/BusinessNameLine1Txt0OREGON HEALTH SCIENCES UNIVERSITY
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01839082
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0112554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt144817
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt237022
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL AND RELATED PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OBI RENT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01616831
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTE IS A NOT-FOR-PROFIT ENTITY AND IS EXEMPT FROM PAYING INCOME TAXES UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3). MANAGEMENT BELIEVES THAT NONE OF ITS ACTIVITIES ARE SUBJECT TO UNRELATED BUSINESS INCOME TAXES; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATES TAX POSITIONS TAKEN BY THE INSTITUTE AND RECOGNIZES A TAX LIABILITY (OR ASSET) IF THE INSTITUTE HAS TAKEN AN UNCERTAIN TAX POSITION THAT, MORE LIKELY THAN NOT, WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt01599697
IRS990ScheduleD/TotalLiabilityAmt0194393
IRS990ScheduleD/TotalRevenuePerForm990Amt01616831
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01616831
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01599697
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0201419
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07593
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JENNIFER FOX PHD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0209012
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTRADI IS A NON-PROFIT RESEARCH AND DEVELOPMENT ORGANIZATION, SUPPORTED IN PART BY THE STATE OF OREGON, THAT STRIVES TO PROMOTE BIOSCIENCE INDUSTRY GROWTH AND JOB CREATION IN OREGON. OTRADI ACHIEVES THIS GOAL VIA COLLABORATION WITH PRIVATE AND PUBLIC SECTOR ENTITIES IN THE BIOSCIENCE COMMUNITY TO DISCOVER, DEVELOP, AND COMMERCIALIZE THERAPEUTICS, VACCINES, DIAGNOSTICS AND OTHER LIFE SCIENCES PRODUCTS IMPORTANT FOR HUMAN HEALTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS COMPRISED OF REPRESENTATIVES OF DIFFERENT ORGANIZATIONS, INCLUDING UNIVERSITIES AND THE PRIVATE SECTOR. DIRECTORS WILL BE ELECTED BY MAJORITY VOTE OF THE DIRECTORS THEN IN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BY OTRADI AUDIT COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH PERSON ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THAT HE/SHE RECEIVED A COPY OF THE POLICY, READ AND UNDERSTANDS THE POLICY, AGREED TO COMPLY WITH THE POLICY, DISCLOSED ANY RELATIONSHIP THAT COULD GIVE RISE TO A CONFLICT OF INTEREST, AND DISCLOSED WHETHER SUCH INTEREST IS IMPLICATED BY AN EXISTING TRANSACTION WITH OTRADI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR. PROPOSED SALARY ADJUSTMENTS REQUIRE BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02600537
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02617671
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04640 SW MACADAM AVENUE SUITE 270
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0OR
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IRS990/WhistleblowerPolicyInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$11.2$4.59$2.48$2.24$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$11.8$4.34$1.83$2.04$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$12.4$3.97$2.22$2.02$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.24$2.48$3.76$2.04$1.72$0.32
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$0.72$3.44$1.82$1.52$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$1.92$3.14$1.92$1.61$0.31
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$0.82$2.83$1.80$1.59$0.21
2017Detailed filing. Detailed filing data is available for this year.$4.75$2.13$2.62$1.62$1.60$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$0.86$2.60$1.88$1.94$0.06
2015Detailed filing. Detailed filing data is available for this year.$4.93$2.27$2.66$1.44$1.90$0.46
2014Detailed filing. Detailed filing data is available for this year.$4.38$1.32$3.05$1.49$1.51$0.03
2013Summary only. Only limited summary data is available for this year.$4.68$1.60$3.08$1.47$1.91$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$0.72$3.51$1.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.74$3.45$1.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.68$3.46$1.32