Civic Intelligence

International Neuromodulation Society

990 • Fiscal year 2018 • EIN 23-2819070

Sep 01, 2017 to Aug 31, 2018 • Filed on Apr 02, 2019

2000 Van Ness Avenue Suite 414San Francisco, CA 94109

(415) 683-3237

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.09x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

27th percentile

-5.3%

Higher net margin than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

71st percentile

$106,269

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 19.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

14th percentile

-9.6%

Faster asset growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-77%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,310,702

Down $246,370 (-9.6%) from 2017

Net Assets

Down

$2,260,643

Down $28,788 (-1.3%) from 2017

Liabilities

Down

$50,059

Down $217,582 (-81%) from 2017

Revenue

Down

$540,913

Down $1,793,282 (-77%) from 2017

Expenses

Down

$569,701

Down $1,260,640 (-69%) from 2017

Net Income

Down

-$28,788

Down $532,642 (-106%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,067,327Liabilities 2011: $119,296Net Assets 2011: $948,0312011Assets 2012: $707,204Liabilities 2012: $42,004Net Assets 2012: $665,2002012Assets 2013: $1,435,806Liabilities 2013: $101,613Net Assets 2013: $1,334,1932013Assets 2014: $1,744,983Liabilities 2014: $72,963Net Assets 2014: $1,672,0202014Assets 2015: $2,297,130Liabilities 2015: $187,107Net Assets 2015: $2,110,0232015Assets 2016: $1,841,157Liabilities 2016: $56,280Net Assets 2016: $1,784,8772016Assets 2017: $2,557,072Liabilities 2017: $267,641Net Assets 2017: $2,289,4312017Assets 2018: $2,310,702Liabilities 2018: $50,059Net Assets 2018: $2,260,6432018Assets 2019: $2,516,906Liabilities 2019: $72,249Net Assets 2019: $2,444,6572019Assets 2020: $2,337,464Liabilities 2020: $110,300Net Assets 2020: $2,227,1642020Assets 2021: $2,410,063Liabilities 2021: $92,483Net Assets 2021: $2,317,5802021Assets 2022: $2,270,475Liabilities 2022: $191,540Net Assets 2022: $2,078,9352022Assets 2023: $2,220,950Liabilities 2023: $189,018Net Assets 2023: $2,031,9322023Assets 2024: $1,822,067Liabilities 2024: $219,286Net Assets 2024: $1,602,7812024

Highlighted filing

2018

Assets$2,310,702
Liabilities$50,059
Net Assets$2,260,643

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,644,131Expenses 2011: $1,451,485Net Income 2011: $192,6462011Expenses 2012: $752,9082012Expenses 2013: $837,0342013Revenue 2014: $1,003,388Expenses 2014: $665,561Net Income 2014: $337,8272014Revenue 2015: $2,080,737Expenses 2015: $1,642,489Net Income 2015: $438,2482015Revenue 2016: $649,127Expenses 2016: $974,273Net Income 2016: -$325,1462016Revenue 2017: $2,334,195Expenses 2017: $1,830,341Net Income 2017: $503,8542017Revenue 2018: $540,913Expenses 2018: $569,701Net Income 2018: -$28,7882018Revenue 2019: $2,048,945Expenses 2019: $1,864,931Net Income 2019: $184,0142019Revenue 2020: $340,273Expenses 2020: $557,766Net Income 2020: -$217,4932020Revenue 2021: $628,946Expenses 2021: $538,530Net Income 2021: $90,4162021Revenue 2022: $2,121,514Expenses 2022: $2,360,159Net Income 2022: -$238,6452022Revenue 2023: $657,660Expenses 2023: $720,066Net Income 2023: -$62,4062023Revenue 2024: $2,059,224Expenses 2024: $2,491,959Net Income 2024: -$432,7352024

Highlighted filing

2018

Revenue$540,913
Expenses$569,701
Net Income-$28,788
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Apr 2, 2019
Return Version
2017v2.3
Gross Receipts
$540,913
Mission and Program Overview

Mission

To create a forum for clinicians, basic scientists & bioengineers involved with neuromodulation through a combination of scientific meetings,journal and interactive website (complete mission statement on schedule o)

Ins published updated peer-reviewed comprehensive expert guidance on the appropriate use of neurostimulation and intrathecal therapy for pain in the society's journal, neuromodulation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,199,917$2,132,660▼ $67,257
Savings and Temporary Cash Investments$162,852$163,110▲ $258
Accounts Receivable$190,212$12,900▼ $177,312
Land, Buildings, and Equipment, Net$2,085$1,032▼ $1,053
Prepaid Expenses and Deferred Charges$2,006$1,000▼ $1,006
Total Assets$2,557,072$2,310,702▼ $246,370
Liabilities
Other Liabilities$107,783$44,056▼ $63,727
Accounts Payable and Accrued Expenses$159,858$6,003▼ $153,855
Total Liabilities$267,641$50,059▼ $217,582
Net Assets / Fund Balance
Unrestricted Net Assets$2,069,391$2,054,865▼ $14,526
Temporarily Rstr Net Assets$220,040$205,778▼ $14,262
Total Net Assets Fund Balance$2,289,431$2,260,643▼ $28,788
Total Liabilities and Net Assets / Fund Balance$2,557,072$2,310,702▼ $246,370

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,032$6,618$7,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tia SofatzisExec DirectoFT$102,755$3,514$106,269

Board Members and Trustees

NameTitle
Timothy R DeerPresident
Robert M LevyPresident-el
Jason PopeDirector at
Lawrence PoreeDirector at
Leonardo KapuralDirector at
Marc RussoDirector at
Simon J ThomsonEmeritus Director
Alessandro DarioChapter Pres
Alexandre AmaralChapter Pres
Antonio PajueloChapter Pres
Byung-chul SonChapter Pres
Chris HoneyChapter Pres
Christophe PerruchoudChapter Pres
Damianos SakasChapter Pres
Gul TaluChapter Pres
Guoming LuanChapter Pres
Hidehiro HirabayashiChapter Pres
Jan VesperChapter Pres
Kaare MeierChapter Pres
Luz Elena CceresChapter Pres
Monique SteegersChapter Pres
Noemi RosenfeldChapter Pres
Phillipe RigoardChapter Pres
Richard SullivanChapter Pres
Russell RaathChapter Pres
Stana BojanicChapter Pres
Todd SitzmanChapter Pres
Wojciech MaksymowiczChapter Pres
Konstantin SlavinSecretary
Fabian PiedimonteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$237,700
Program Service Revenue
$245,571
Investment Income
$380
Other Revenue
$57,262
All Other Contributions
$237,700
Change in Net Assets
$-28,788

Audited Revenue Reconciliation

Revenue per Audited Statements
$540,913
Total Revenue per Audited Statements
$540,913
Total Revenue per Form 990
$540,913
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$301,228
Other Expenses$268,473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$147,627--$147,627
Other Salaries and Wages$142,589--$142,589
Current Officers, Directors, Trustees, and Key Employees$85,802$20,468-$106,270
Travel$56,927--$56,927
Other Employee Benefits$32,009$1,002-$33,011
Payroll Taxes$17,535$1,823-$19,358
Occupancy$19,282--$19,282
Fees for Services Accounting$1,103$17,453-$18,556
Information Technology$15,355$249-$15,604
Conferences and Meetings$3,985--$3,985
Office Expenses$3,472$84-$3,556
Insurance-$1,883-$1,883
Depreciation Depletion$1,053--$1,053
Total Functional Expenses$526,739$42,962$0$569,701

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$569,701
Total Expenses per Audited Statements$569,701
Total Expenses per Form 990$569,701
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
Accrued Paid Time Off$40,683
Chase Card Services$3,363
Other Accrued Expenses$10
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

The treasurer, bookkeeper and executive director review the form 990 independently and provide their comments, if any, to the accountant preparing the form.

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

Ins has a conflicts policy in place, but no conflicts have arisen as of yet.

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

The annual process for determining compensation is as follows: the ins executive board shall annually evaluate the executive director, public education manager, and editorial assistant on his/her performance, and ask for his/her input on matters of performance and compensation. The executive board will obtain research and information to inform their decision on the compensation (salary and benefits) based on a review of comparability data

Form 990, Page 6, Part VI, Line 19

The governing documents (bylaws) and coi policy are posted on the website. The financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
International Neuromodulation
EIN
23-2819070
Phone
4156833237
Address
2000 VAN NESS AVENUE SUITE 414, SAN FRANCISCO, CA 94109

Signing Officer

Name
Tia Sofatzis
Title
Exec Director
Phone
4156833237
Signed
2019-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jan Vesper
Formed
1995
Legal Domicile
Pa
Voting Board Members
32
Independent Board Members
31
Employees
4

Preparer

Firm
Marjtax Incorporated
Address
3542 FRUITVALE AVE, OAKLAND, CA 94602-2327
Preparer
Marjorie Williams-jones
Phone
5104826204
Supplemental Narrative

Additional Explanations

Form 990, Part III

Complete mission statement of international neuromodulation society the mission of the ins is to promote and disseminate the science, education, practice and accessibility of all aspects of neuromodulation. This multidisciplinary society believes that all scientists, doctors, bioengineers, professions allied to medicine and industry partners who have a specialist interest in neuromodulation can work with this society to share science and encourage best practice for the good of humanity. The vision of the ins is to harness all scientific, clinical and engineering endeavor throughout the world and to brand neuromodulation to encompass all neurological technologies that through electrical or chemical means improve the function of the impaired individual. The goals of the ins are: to create a forum for clinicians, basic scientists and bioengineers involved with neuromodulation through a combination of scientific meetings, journal and interactive website; to create a family of affiliated neuromodulation national chapters to encourage growth and influence at national level; to encourage research and development into the conditions treated and the devices and techniques used; to encourage open dialogue with industry partners and health care authorities to improve understanding of these therapies, the needs of patients, service requirements and fair remuneration; to expand the worldwide access to neuromodulation by raising awareness of the both its clinical efficacy and cost effectiveness.

Form 990, Page 2, Part III, Line 4A

Devices that interface with the nervous system to treat disease and improve function. Neuromodulation covers an ever expanding field including pain, headache,movement disorders, spasticity, paralysis, psychiatric disorders, cognitive disorders, epilepsy, sensory deprivation, gastric dysfunction, obesity, incontinence and systemic disease. The journal represents the practice of a growing, diverse multidisciplinary field responsible for the development and application of devices and techniques to benefit patients by normalizing function and reducing suffering. In depth reviews, original articles, national and international meeting abstracts, special focus editions and web based educational offerings help the reader to expand their knowledge and understanding of the interface between electrical stimulation, chemical neuromodulation, the nervous system and the patient. Our updates on past and future news of events and activities of the ins and its membership keep the reader abreast of issues related to professional education and development.

Form 990, Page 2, Part III, Line 4C

Therefore, this conference will appeal to and educate the diverse population of anticipated attendees (neurosurgeons, neurologists, anesthesiologists, physiatrists, cardiologists, urologists, basic scientists, biomedical engineers, and industry representatives) from around the globe and provide a unique forum for discourse. Amongst some specialists outside of the neuromodulation community, there is a general lack of awareness and/or skepticism of the technology and therapies available to their patients and the ins strives to educate the uninitiated and dispel any misinformation about the existence and effectiveness of neuromodulation to treat movement disorders, psychiatric disorders, chronic pain, angina, peripheral vascular disease, bladder dysfunction and gastrointestinal / colorectal dysfunction, etc. It is therefore incumbent upon our society to bridge the gaps between specialties and continents, to educate and enable exchange of this scientific information and, ultimately, to provide the tools needed to improve patient care.

Form 990, Part IX, Line 11G

Consulting - publishing 8,370 0 0 medical writing - journal 80,018 0 0 medical writing - ins 19,299 0 0 editor in chief compensation 39,940 0 0 total 147,627 0 0

Raw XML AppendixShowing 400 of 598 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/Desc0THE SOCIETY PRODUCES A PEER-REVIEWED, SCIENTIFIC JOURNAL, NEUROMODULATION: TECHNOLOGY AT THE NEURAL INTERFACE, WHICH IS INDEXED BY THE NATIONAL LIBRARY OF MEDICINE IN MEDLINE / PUBMED AND IS PUBLISHED EIGHT TIMES A YEAR. NEUROMODULATION IS THE PREEMINENT JOURNAL IN THE AREA OF NEUROMODULATION, PROVIDING OUR READERSHIP WITH THE STATE OF THE ART CLINICAL, TRANSLATIONAL AND BASIC SCIENCE RESEARCH IN OUR FIELD AND REPRESENTING THE NEEDS OF THE BROAD NEUROMODULATION COMMUNITY. PLEASE SEE SCHEDULE O FOR DETAILS FOR CLINICIANS, ENGINEERS, SCIENTISTS AND MEMBERS OF THE BIOTECHNOLOGY INDUSTRY ALIKE, NEUROMODULATION PROVIDES TIMELY AND RIGOROUSLY PEER REVIEWED ARTICLES ON THE TECHNOLOGY, SCIENCE AND CLINICAL APPLICATION OF DEVICES THAT INTERFACE WITH THE NERVOUS SYSTEM TO TREAT DISEASE AND IMPROVE FUNCTION. NEUROMODULATION COVERS AN EVER EXPANDING FIELD INCLUDING PAIN, HEADACHE,MOVEMENT DISORDERS, SPASTICITY, PARALYSIS, PSYCHIATRIC DISORDERS, COGNITIVE DISORDERS, EPILEPSY, SENSORY DEPRIVATION, GASTRIC DYSFUNCTION, OBESITY, INCONTINENCE AND SYSTEMIC DISEASE. THE JOURNAL REPRESENTS THE PRACTICE OF A GROWING, DIVERSE MULTIDISCIPLINARY FIELD RESPONSIBLE FOR THE DEVELOPMENT AND APPLICATION OF DEVICES AND TECHNIQUES TO BENEFIT PATIENTS BY NORMALIZING FUNCTION AND REDUCING SUFFERING. IN DEPTH REVIEWS, ORIGINAL ARTICLES, NATIONAL AND INTERNATIONAL MEETING ABSTRACTS, SPECIAL FOCUS EDITIONS AND WEB BASED EDUCATIONAL OFFERINGS HELP THE READER TO EXPAND THEIR KNOWLEDGE AND UNDERSTANDING OF THE INTERFACE BETWEEN ELECTRICAL STIMULATION, CHEMICAL NEUROMODULATION, THE NERVOUS SYSTEM AND THE PATIENT. OUR UPDATES ON PAST AND FUTURE NEWS OF EVENTS AND ACTIVITIES OF THE INS AND ITS MEMBERSHIP KEEP THE READER ABREAST OF ISSUES RELATED TO PROFESSIONAL EDUCATION AND DEVELOPMENT.
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IRS990/ProgSrvcAccomActy2Grp/Desc0OTHER INS PROGRAMS TO PROMOTE INTERDISCIPLINARY STUDIES AND FURTHER EDUCATIONAL EFFORTS IN THE FIELD OF NEUROMODULATION THROUGH SCIENTIFIC MEETINGS AND QUARTERLY NEWSLETTERS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE INTERNATIONAL NEUROMODULATION SOCIETY ORGANIZES ITS BIENNIAL WORLD CONGRESSES WITH THE AIM OF BRINGING TOGETHER AN INTERNATIONAL COMMUNITY OF PROFESSIONALS FROM MULTIPLE DISCIPLINES, WHO WOULD NOT OTHERWISE MEET, TO LEARN ABOUT THE BROAD SPECTRUM OF NEUROMODULATION SCIENCE AND THERAPIES. THE INS'S MISSION IS TO PROMOTE AND DISSEMINATE THE SCIENCE, EDUCATION, PRACTICE AND ACCESSIBILITY OF ALL ASPECTS OF NEUROMODULATION. THIS MULTIDISCIPLINARY SOCIETY BELIEVES THAT ALL SCIENTISTS, CLINICIANS, BIOENGINEERS, PROFESSIONS ALLIED TO MEDICINE, AND INDUSTRY PARTNERS WHO HAVE A SPECIALIST INTEREST IN NEUROMODULATION, CAN AND SHOULD WORK WITH THIS SOCIETY TO SHARE SCIENCE AND ENCOURAGE BEST PRACTICE FOR THE GOOD OF HUMANITY. (PLEASE SEE SCHEDULE O FOR DETAILS) THEREFORE, THIS CONFERENCE WILL APPEAL TO AND EDUCATE THE DIVERSE POPULATION OF ANTICIPATED ATTENDEES (NEUROSURGEONS, NEUROLOGISTS, ANESTHESIOLOGISTS, PHYSIATRISTS, CARDIOLOGISTS, UROLOGISTS, BASIC SCIENTISTS, BIOMEDICAL ENGINEERS, AND INDUSTRY REPRESENTATIVES) FROM AROUND THE GLOBE AND PROVIDE A UNIQUE FORUM FOR DISCOURSE. AMONGST SOME SPECIALISTS OUTSIDE OF THE NEUROMODULATION COMMUNITY, THERE IS A GENERAL LACK OF AWARENESS AND/OR SKEPTICISM OF THE TECHNOLOGY AND THERAPIES AVAILABLE TO THEIR PATIENTS AND THE INS STRIVES TO EDUCATE THE UNINITIATED AND DISPEL ANY MISINFORMATION ABOUT THE EXISTENCE AND EFFECTIVENESS OF NEUROMODULATION TO TREAT MOVEMENT DISORDERS, PSYCHIATRIC DISORDERS, CHRONIC PAIN, ANGINA, PERIPHERAL VASCULAR DISEASE, BLADDER DYSFUNCTION AND GASTROINTESTINAL / COLORECTAL DYSFUNCTION, ETC. IT IS THEREFORE INCUMBENT UPON OUR SOCIETY TO BRIDGE THE GAPS BETWEEN SPECIALTIES AND CONTINENTS, TO EDUCATE AND ENABLE EXCHANGE OF THIS SCIENTIFIC INFORMATION AND, ULTIMATELY, TO PROVIDE THE TOOLS NEEDED TO IMPROVE PATIENT CARE.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.82$0.22$1.60$2.06$2.49$0.43
2023Detailed filing. Detailed filing data is available for this year.$2.22$0.19$2.03$0.66$0.72$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.19$2.08$2.12$2.36$0.24
2021Detailed filing. Detailed filing data is available for this year.$2.41$0.09$2.32$0.63$0.54$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.34$0.11$2.23$0.34$0.56$0.22
2019Detailed filing. Detailed filing data is available for this year.$2.52$0.07$2.44$2.05$1.86$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.31$0.05$2.26$0.54$0.57$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.56$0.27$2.29$2.33$1.83$0.50
2016Detailed filing. Detailed filing data is available for this year.$1.84$0.06$1.78$0.65$0.97$0.33
2015Detailed filing. Detailed filing data is available for this year.$2.30$0.19$2.11$2.08$1.64$0.44
2014Detailed filing. Detailed filing data is available for this year.$1.74$0.07$1.67$1.00$0.67$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.10$1.33$0.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.04$0.67$0.75
2011Summary only. Only limited summary data is available for this year.$1.07$0.12$0.95$1.64$1.45$0.19