Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
Institute for Pediatric Innovation Inc
990 • Fiscal year 2014 • EIN 22-3932931
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.49x
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 20.7% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
30th percentile
Faster revenue growth than 30% of similar nonprofits.
Balance Sheet
Assets
Down$309,417
Down $333,026 (-52%) from 2013
Net Assets
Down$156,687
Down $136,256 (-47%) from 2013
Liabilities
Down$152,730
Down $196,770 (-56%) from 2013
Revenue And Expenses
Revenue
Down$614,950
Down $33,164 (-5.1%) from 2013
Expenses
Up$751,206
Up $216,291 (+40%) from 2013
Net Income
Down-$136,256
Down $249,455 (-220%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- May 26, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $614,950
Mission and Program Overview
Mission
Ipi is addressing the gap in availability of products optimized for pediatric care by using novel collaboration methods to engage public, private, nonprofit, and for-profit organizations.with a consortium of national leaders in pediatric care, we are identifying those areas where new products are most needed to improve quality of care. We are qualifying the needs identified by the consortium and designing products to meet these needs with the help of a unique resource network.ipi will offer product opportunities for commercial adoption by companies that seek to extend the fruits of medical innovation to our society's youngest beneficiaries.
To organize and use a network of pediatric clinicians, along with others who can help guide and support product development, to develop innovative ways to overcome the barriers to getting important products developed to address unmet needs in pediatric medicine.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $554,252 | $206,674 | ▼ $347,578 |
| Accounts Receivable | $71,264 | $66,142 | ▼ $5,122 |
| Land, Buildings, and Equipment, Net | $2,130 | $13,736 | ▲ $11,606 |
| Prepaid Expenses and Deferred Charges | $11,759 | $12,059 | ▲ $300 |
| Intangible Assets | $732 | $8,500 | ▲ $7,768 |
| Total Assets | $642,443 | $309,417 | ▼ $333,026 |
| Other Assets Total | $2,306 | $2,306 | → $0 |
| Liabilities | |||
| Deferred Revenue | $319,444 | $125,000 | ▼ $194,444 |
| Accounts Payable and Accrued Expenses | $30,056 | $27,730 | ▼ $2,326 |
| Total Liabilities | $349,500 | $152,730 | ▼ $196,770 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $292,943 | $156,687 | ▼ $136,256 |
| Total Net Assets Fund Balance | $292,943 | $156,687 | ▼ $136,256 |
| Total Liabilities and Net Assets / Fund Balance | $642,443 | $309,417 | ▼ $333,026 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $13,736 | $6,712 | $20,448 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Donald P Lombardi | President/CEO | FT | $118,290 | $8,902 | $127,192 |
Board Members and Trustees
| Name | Title |
|---|---|
| Alec King | Board Member Eff 6/2014 |
| Anthony Atala | Board Member Eff 6/2014 |
| Bj Bormann | Board Member Eff 6/2014 |
| Owen Aurelio | Board Member Eff 6/2014 |
| Warren Dudley | Board Member Thru 6/2014 |
| Debra Tobin | Asst Secretary Thru 3/2014 |
| Mitchell Bloom | Secretary |
| Roger Kitterman | Treasurer Eff 6/2014 |
| Parag Shah | Treasurer Thru 6/2014 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $8,513
- Program Service Revenue
- $489,008
- Investment Income
- $117,429
- Other Revenue
- $0
- All Other Contributions
- $8,513
- Change in Net Assets
- $-136,256
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $614,950
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $26,599
- Total Revenue per Audited Statements
- $641,549
- Total Revenue per Form 990
- $614,950
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $423,358 |
| Other Expenses | $327,848 |
| Total Fundraising Expense | $36,763 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $207,587 | $9,198 | $23,493 | $240,278 |
| Fees for Services Other | $101,342 | $21,997 | $2,193 | $125,532 |
| Current Officers, Directors, Trustees, and Key Employees | $92,497 | $29,323 | $1,965 | $123,785 |
| Fees for Services Accounting | - | $53,662 | - | $53,662 |
| Occupancy | $36,849 | $4,742 | $2,977 | $44,568 |
| Travel | $34,166 | $5,731 | $391 | $40,288 |
| Payroll Taxes | $31,806 | $5,172 | $2,502 | $39,480 |
| Fees for Services Legal | $21,450 | $14,838 | - | $36,288 |
| Pension Plan Contributions | $16,151 | $1,725 | $1,939 | $19,815 |
| Office Expenses | $4,281 | $6,210 | $789 | $11,280 |
| Insurance | $4,098 | $5,454 | $514 | $10,066 |
| Depreciation Depletion | $2,493 | $3,367 | - | $5,860 |
| Other Expenses | $106 | $198 | - | $304 |
| Total Functional Expenses | $552,826 | $161,617 | $36,763 | $751,206 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $777,805 |
| Expenses per Audited Statements | $751,206 |
| Total Expenses per Form 990 | $751,206 |
| Expenses Not Reported on Form 990 | $26,599 |
| Expenses Not Reported on Financial Statements | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- 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 11
“The board of directors authorized the audit committee to review and approve the form 990 prior to its filing. The form 990 was then authorized and signed by the organization's chief executive officer.”
Form 990, Part VI, Section B, Line 12C
“The board of directors requires an annual declaration from all board members and senior management as to the existence and disclosure of any potential conflicts of interest. The board members sign a disclosure statement. Any potential conflicts are discussed by the dis-interested board members, while the party in potential conflict is required to leave the room. Board meeting minutes will document the discussion and decision making process. In the event of a potential conflict, procedures to obtain competitive bids and diligence on fair market value will be established.”
Form 990, Part VI, Section B, Line 15
“Ipi's executive compensation program is administered by the board of directors through its compensation committee. The compensation committee is responsible for establishing and maintaining a competitive compensation program for the key executives of the organization. The committee meets as needed to review the compensation program and make recommendations for any changes to the board, as appropriate. A performance evaluation is conducted and reviewed each year and is intended to ensure that the compensation program falls within a reasonable range of competitive practices for comparable positions among similarly situated organizations. Following this review, the committee reviews and approves, for selected key executives, base salaries and annual incentive opportunity adjustments, and objectives and goals forth-upcoming year's annual incentive plan. The committee reviews and recommends to the board salary approval and incentive awards for the chief executive officer and selected key senior staff.”
Form 990, Part VI, Section C, Line 19
“On website and upon request.”
Filing and Contact Details
Filer
- Filer Name
- Institute for Pediatric Innovation Inc
- EIN
- 22-3932931
- Phone
- 6174012375
- Address
- ONE BROADWAY 14TH FLOOR, CAMBRIDGE, MA 02142
Signing Officer
- Name
- Donald Lombardi
- Title
- President/CEO
- Phone
- 6174012375
- Signed
- 2015-05-26
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Donald Lombardi
- Formed
- 2006
- Legal Domicile
- Ma
- Voting Board Members
- 7
- Independent Board Members
- 6
- Employees
- 7
- Volunteers
- 0
Preparer
- Firm
- Smith Sullivan & Brown Pc
- Address
- 80 FLANDERS ROAD - SUITE 200, WESTBOROUGH, MA 01581
- Preparer
- Maureen L Sullivan CPA
- Phone
- 5088717178
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Research services fees: program service expenses 98,092. Management and general expenses 0. Fundraising expenses 0. Total expenses 98,092. Other fees for services: program service expenses 3,250. Management and general expenses 21,997. Fundraising expenses 2,193. Total expenses 27,440.”
Financial Statement Notes
PART X, LINE 2:
“Tax position: the organization currently evaluates all tax positions, and makes a determination regarding the likelihood of those positions being upheld under review. The primary tax positions made by the organization are the existence of unrelated business income tax and the organization's status as a tax-exempt organization under section 501(c)(3) of the internal revenue code. For the years presented, the organization has not recognized any tax benefits or loss contingencies for uncertain tax positions based on this evaluation. All tax periods prior to 2011 are no longer subject to examination by tax authorities.”
Raw XML AppendixShowing 400 of 471 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/ActivityOrMissionDesc | 0 | TO ORGANIZE AND USE A NETWORK OF PEDIATRIC CLINICIANS, ALONG WITH OTHERS WHO CAN HELP GUIDE AND SUPPORT PRODUCT DEVELOPMENT, TO DEVELOP INNOVATIVE WAYS TO OVERCOME THE BARRIERS TO GETTING IMPORTANT PRODUCTS DEVELOPED TO ADDRESS UNMET NEEDS IN PEDIATRIC MEDICINE. |
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| IRS990/Desc | 0 | CONTRACTED RESEARCH ACTIVITIES:MEDICAL DEVICE INNOVATIONIN ADDITION TO PROJECTS ARISING FROM THE CONSORTIUM INNOVATION CATALYST PROGRAM, IPI ASSISTS INNOVATORS IN OVERCOMING THE BARRIERS TO COMMERCIALIZING NEW PEDIATRIC MEDICAL DEVICES. IPI HELPED TO ORGANIZE THE NEW ENGLAND PEDIATRIC DEVICE CONSORTIUM ("NEPDC"), WHICH APPLIED FOR AND RECEIVED A GRANT FROM THE U.S. FOOD AND DRUG ADMINISTRATION OFFICE OF ORPHAN PRODUCT DEVELOPMENT UNDER THE LATTER'S PEDIATRIC DEVICE CONSORTIUM PROGRAM. NEPDC PROVIDES A NATIONAL PORTAL FOR INNOVATORS SEEKING ASSISTANCE IN COMMERCIALIZING PEDIATRIC MEDICAL DEVICES. IPI'S OWN PROJECTS AND THOSE OF ITS CONSORTIUM HOSPITALS ARE ELIGIBLE FOR SUBGRANTS AND TECHNICAL ASSISTANCE THROUGH NEPDC, AND IPI PARTICIPATES IN EVALUATING AND ASSISTING PROJECTS PRESENTED TO NEPDC. IPI HAS ALSO ASSISTED SEATTLE CHILDREN'S HOSPITAL IN DETERMINING THE POSSIBLE WORLD HEALTH MARKETS FOR A MODIFIED BUBBLE CPAP DEVICE.IPI HAS ALSO DEVELOPED A WEBSITE AND DATABASE - PEDIATRIC MEDICAL DEVICE HUB - ENABLING CLINICIANS TO POST REVIEWS AND PRACTICES FOR USING PEDIATRIC MEDICAL DEVICES, AND IS EVALUATING OPTIONS FOR EXPANDING AND MONETIZING THE TOOL.DRUG REFORMULATION - RESEARCH ACTIVITIES:MANY FDA APPROVED DRUGS ARE PROVIDED COMMERCIALLY IN A FORM THAT CANNOT READILY BE DISPENSED TO CHILDREN. ONE-THIRD OF CHILDREN SEEN IN U.S. CHILDREN'S HOSPITALS ARE DISPENSED DRUGS THAT WERE REFORMULATED IN THE HOSPITAL PHARMACY IN ORDER TO PROVIDE A LIQUID DOSE TO THE PATIENTS. IPI CONDUCTED A SURVEY OF 22 U.S. CHILDREN'S HOSPITALS TO IDENTIFY THESE REFORMULATED DRUGS. IPI WORKED WITH THE UNIVERSITY OF KANSAS AND A TEAM FROM CHILDREN'S MERCY HOSPITAL AND CLINICS TO REFORMULATE TARGETED DRUGS. ONE REFORMULATION IS COMPLETED - A LIQUID DRUG FOR TREATING PEDIATRIC HYPERTENSION - AND ENALAPED, LLC, A FOR-PROFIT LLC WAS ESTABLISHED TO LICENSE THE REFORMULATION. THE FORMULATION WAS LICENSED TO SILVERGATE PHARMACEUTICALS, LLC, WHICH UNDERTOOK COMMERCIAL STAGE DEVELOPMENT AND HAS FILED THE FORMULATION FOR FDA APPROVAL. SILVERGATE HAS NOW OBTAINED FDA CLEARANCE TO SELL THE REFORMULATED DRUG, BRANDED EPANED, AND HAS BEGUN SALES AND DISTRIBUTION. MORE THAN 100 PEDIATRIC CENTERS NATIONALLY HAVE STARTED USING THE DRUG. IPI IS SEEKING CORPORATE AND FINANCIAL PARTNERS TO DEVELOP ADDITIONAL PEDIATRIC FORMULATIONS OF NEEDED DRUGS. |
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| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 614950 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 514 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 5454 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 4098 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 10066 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 732 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 8500 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 117429 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 117429 |
| IRS990/InvestmentInJointVentureInd | 0 | 1 |
| IRS990/IRPDocumentCnt | 0 | 16 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 6712 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 2130 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 13736 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 20448 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | IPI IS ADDRESSING THE GAP IN AVAILABILITY OF PRODUCTS OPTIMIZED FOR PEDIATRIC CARE BY USING NOVEL COLLABORATION METHODS TO ENGAGE PUBLIC, PRIVATE, NONPROFIT, AND FOR-PROFIT ORGANIZATIONS.WITH A CONSORTIUM OF NATIONAL LEADERS IN PEDIATRIC CARE, WE ARE IDENTIFYING THOSE AREAS WHERE NEW PRODUCTS ARE MOST NEEDED TO IMPROVE QUALITY OF CARE.WE ARE QUALIFYING THE NEEDS IDENTIFIED BY THE CONSORTIUM AND DESIGNING PRODUCTS TO MEET THESE NEEDS WITH THE HELP OF A UNIQUE RESOURCE NETWORK.IPI WILL OFFER PRODUCT OPPORTUNITIES FOR COMMERCIAL ADOPTION BY COMPANIES THAT SEEK TO EXTEND THE FRUITS OF MEDICAL INNOVATION TO OUR SOCIETY'S YOUNGEST BENEFICIARIES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 292943 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 156687 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 2977 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 4742 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 36849 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 44568 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 789 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 6210 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 4281 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 11280 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 2306 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2306 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | MISCELLANEOUS EXPENSES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 198 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 106 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 304 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 23493 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 9198 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 207587 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 240278 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 2502 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 5172 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 31806 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 39480 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 1939 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 1725 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 16151 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 19815 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 11759 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 12059 |
| IRS990/PrincipalOfficerNm | 0 | DONALD LOMBARDI |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 541700 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | CONSORTIUM MEMBERSHIPS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | ALLIANCE MEMBERSHIP |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | CONTRACTED RESEARCH |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 250000 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 194444 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 44564 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 250000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 194444 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 44564 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | CONSORTIUM ACTIVITIES:IPI HAS ORGANIZED A PEDIATRIC HOSPITAL CONSORTIUM TO HELP SUPPORT ITS INNOVATION MISSION AND DEVELOPMENT OF NEEDED DEVICES AND DRUG REFORMULATIONS DESIGNED SPECIFICALLY FOR TREATING CHILDREN. THE CONSORTIUM'S CURRENT FOCUS IS ON DEVELOPING TECHNOLOGIES NEEDED TO ADDRESS THE PERFORMANCE IMPROVEMENT MANDATES THAT HEALTHCARE PAYORS SUCH AS MEDICAID AND PRIVATE INSURERS INCREASINGLY DEMAND. MEMBERS OF THE CONSORTIUM CONTRIBUTE THE VALUED INSIGHTS OF CLINICIANS AND ADMINISTRATORS. CONSORTIUM MEMBERS BENEFIT BY PARTICIPATING IN FUNDED PRODUCT DEVELOPMENT PROGRAMS, RECEIVING REVENUE-SHARING REWARDS FROM PRODUCTS BROUGHT TO MARKET, GAINING PUBLIC VISIBILITY FOR LEADERSHIP ON THIS ISSUE, PLAYING A SIGNIFICANT ROLE IN SETTING IPI PRIORITIES, AND TAKING THE LEAD IN SHAPING THE DESIGN OF PEDIATRIC PRODUCTS. THE RESULTING NEW DEVICES AND DRUG REFORMULATIONS WILL IMPROVE CHILDREN'S HEALTH WHILE BENEFITTING THE CLINICIANS AND INSTITUTIONS THAT USE THEM AND THE COMMERCIAL ENTERPRISES THAT PROVIDE THEM. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 262100 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 250000 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | GLOBAL ALLIANCE FOR PEDIATRIC THERAPEUTICS:IPI HAS HELD A SERIES OF MEETINGS WITH THE PEDIATRIC SPECIALISTS IN SIX MAJOR BIOPHARMACEUTICAL COMPANIES TO EXPLORE WAYS THAT COLLABORATION BETWEEN THE COMPANIES THEMSELVES AND BETWEEN THEM AND OTHER STAKEHOLDERS MIGHT IMPROVE THE PROCESS OF PEDIATRIC DRUG DEVELOPMENT. OUT OF THESE DISCUSSIONS, A PLAN WAS DEVELOPED TO LAUNCH A COMPANY-FUNDED PRE-COMPETITIVE COLLABORATION -- THE GLOBAL ALLIANCE FOR PEDIATRIC THERAPEUTICS -- TO BE MANAGED BY IPI. THE ALLIANCE'S MISSION IS TO SOLVE A SERIES OF ISSUES THAT REPRESENT OBSTACLES AND INEFFICIENCIES IN DEVELOPING THE BEST PHARMACEUTICALS FOR CHILDREN. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 97053 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 194444 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | IPI CONDUCTS RESEARCH ACTIVITIES FOR A VARIETY OF POTENTIAL UNMET NEEDS IN PEDIATRIC CARE. THESE INCLUDE SUPPORTING WHO IN ITS WORK AIDING CHILDREN IN DEVELOPING COUNTRIES, FEASIBILITY RESEARCH FOR A PHYSIOLOGIC PULSATILE PUMP, COORDINATED PHARMACEUTICAL PEDIATRIC DRUG REFORMULATION DEVELOPMENT AND ACTING AS A SUBCONTRACTOR ON AN NIH GRANT RELATED TO NEONATE CARDIAC STENTS. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 9100 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 109906 |
| IRS990/PYOtherExpensesAmt | 0 | 268658 |
| IRS990/PYOtherRevenueAmt | 0 | 35681 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 493427 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 113199 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 266257 |
| IRS990/PYTotalExpensesAmt | 0 | 534915 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 648114 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -136256 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 44564 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 8513 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 9100 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 37150 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 89777 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 5000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 149540 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 117429 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 145587 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 109560 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 101132 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 59 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 473767 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 489008 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 493427 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 506792 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 917227 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 917193 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 3323647 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 117429 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 145587 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 109560 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 101132 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 59 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 473767 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.12000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.08610 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.88000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.91390 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 3473187 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 497521 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 502527 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 543942 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1007004 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 922193 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 3473187 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 614950 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 648114 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 653502 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 1108136 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 922252 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 3946954 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 26599 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 26599 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 13736 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 6712 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 20448 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 26599 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 751206 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 26599 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 614950 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION ARE THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATION'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. ALL TAX PERIODS PRIOR TO 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 13736 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 751206 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 614950 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 641549 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 777805 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE BOARD OF DIRECTORS AUTHORIZED THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN AUTHORIZED AND SIGNED BY THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | IPI'S EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE BOARD OF DIRECTORS THROUGH ITS COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD, AS APPROPRIATE. A PERFORMANCE EVALUATION IS CONDUCTED AND REVIEWED EACH YEAR AND IS INTENDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. FOLLOWING THIS REVIEW, THE COMMITTEE REVIEWS AND APPROVES, FOR SELECTED KEY EXECUTIVES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FORTH-UPCOMING YEAR'S ANNUAL INCENTIVE PLAN. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD SALARY APPROVAL AND INCENTIVE AWARDS FOR THE CHIEF EXECUTIVE OFFICER AND SELECTED KEY SENIOR STAFF. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ON WEBSITE AND UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | RESEARCH SERVICES FEES: PROGRAM SERVICE EXPENSES 98,092. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 98,092. OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 3,250. MANAGEMENT AND GENERAL EXPENSES 21,997. FUNDRAISING EXPENSES 2,193. TOTAL EXPENSES 27,440. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/AllPartnersC3SInd | 0 | 0 |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt | 0 | ENALAPED LLC |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd | 0 | 0 |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/EIN | 0 | 272136700 |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd | 0 | 0 |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/LegalDomicileStateCd | 0 | KS |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/OwnershipPct | 0 | 0.44000 |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PredominateIncomeDesc | 0 | RELATED |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt | 0 | PRODUCT DEVELOPMENT |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt | 0 | 2305 |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt | 0 | 117429 |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt | 0 | 14108 CANTERBURY STREET |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/CityNm | 0 | LEAWOOD |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd | 0 | KS |
| IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/ZIPCd | 0 | 66224 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 642443 |
| IRS990/TotalAssetsEOYAmt | 0 | 309417 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 642443 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 309417 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 8513 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $309,417
- Liabilities
- $152,730
- Net assets
- $156,687
- Revenue
- $614,950
- Expenses
- $751,206
- Net income
- -$136,256