Civic Intelligence

International Neuromodulation Society

990 • Fiscal year 2020 • EIN 23-2819070

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 13, 2021

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

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.32x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

6th percentile

-64%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$120,937

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 35.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

12th percentile

-7.1%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-83%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,337,464

Down $179,442 (-7.1%) from 2019

Net Assets

Down

$2,227,164

Down $217,493 (-8.9%) from 2019

Liabilities

Up

$110,300

Up $38,051 (+53%) from 2019

Revenue

Down

$340,273

Down $1,708,672 (-83%) from 2019

Expenses

Down

$557,766

Down $1,307,165 (-70%) from 2019

Net Income

Down

-$217,493

Down $401,507 (-218%) from 2019

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

2020

Assets$2,337,464
Liabilities$110,300
Net Assets$2,227,164

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

2020

Revenue$340,273
Expenses$557,766
Net Income-$217,493
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 13, 2021
Return Version
2019v5.0
Gross Receipts
$340,273
Mission and Program Overview

Mission

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

The ins launched monthly webinars featuring renowned experts for medical professionals to learn the latest neuromodulation research, therapies & best practices to improve patient selection, access & care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,020,437$2,129,026▲ $108,589
Savings and Temporary Cash Investments$163,551$164,340▲ $789
Accounts Receivable$280,174$32,748▼ $247,426
Pledges and Grants Receivable$50,000$10,350▼ $39,650
Prepaid Expenses and Deferred Charges$2,482$1,000▼ $1,482
Land, Buildings, and Equipment, Net$262--
Total Assets$2,516,906$2,337,464▼ $179,442
Liabilities
Other Liabilities$50,296$70,359▲ $20,063
Accounts Payable and Accrued Expenses$21,953$39,941▲ $17,988
Total Liabilities$72,249$110,300▲ $38,051
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,238,879$2,026,529▼ $212,350
Net Assets With Donor Restrictions$205,778$200,635▼ $5,143
Total Net Assets Fund Balance$2,444,657$2,227,164▼ $217,493
Total Liabilities and Net Assets / Fund Balance$2,516,906$2,337,464▼ $179,442

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$7,650$7,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tia SofatzisExecutive DiFT$116,719$4,218$120,937
Robert ForemanActg-editorPT$50,000-$50,000
Robert M LevyPRES;EDITORPT$35,774$9,845$45,619

Board Members and Trustees

NameTitle
Corey HunterDirector at
Jason PopeDirector at
Lawrence PoreeDirector at
Marc RussoDirector at
Simon J ThomsonEmeritus Director
Carlos TorneroChapter Pres
Chris HoneyChapter Pres
Christophe PerruchoudChapter Pres
Damianos SakasChapter Pres
Daniel BenzecryChapter Pres
Dirk RascheChapter Pres
Emil IsagulyanChapter Pres
Ganesan BaranidharanChapter Pres
Giovanni FrigerioChapter Pres
Gul TaluChapter Pres
Guoming LuanChapter Pres
Hidehiro HirabayashiChapter Pres
Kliment GatzinskyChapter Pres
Monique SteegersChapter Pres
Nick ChristelisChapter Pres
Noemi RosenfeldChapter Pres
Paresh DoshiChapter Pres
Peter KonradChapter Pres
Phillipe RigoardChapter Pres
William Omar ContrerasChapter Pres
Wojciech MaksymowiczChapter Pres
Yong-chul KimChapter Pres
Timothy R DeerPast Preside
Konstantin SlavinSecretary
Jan VesperTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,450
Program Service Revenue
$265,733
Investment Income
$885
Other Revenue
$60,205
All Other Contributions
$13,450
Change in Net Assets
$-217,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$419,803
Other Expenses$137,963
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$186,321$30,234-$216,555
Other Salaries and Wages$157,017--$157,017
Travel$36,357--$36,357
Other Employee Benefits$24,829$103-$24,932
Payroll Taxes$19,067$2,232-$21,299
Conferences and Meetings$20,621--$20,621
Occupancy$17,443$1,820-$19,263
Fees for Services Other$18,583--$18,583
Information Technology$18,016$246-$18,262
Fees for Services Accounting$60$17,236-$17,296
Insurance-$3,312-$3,312
Fees for Services Legal-$2,684-$2,684
Office Expenses$1,255$68-$1,323
Depreciation Depletion$262--$262
Total Functional Expenses$499,831$57,935$0$557,766
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$53,909
Other Accrued Expenses$11,783
Accrued Payroll$3,430
Chase Card Services$1,237
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
Executive Director
Phone
4156833237
Signed
2021-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jan Vesper
Formed
1995
Legal Domicile
Pa
Voting Board Members
32
Independent Board Members
30
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

Most significant activities the ins launched monthly webinars featuring renowned experts for medical professionals to learn the latest neuromodulation research, therapies & best practices to improve patient selection, access & care. In line with its educational mission, the ins, with its young neuromodulator and international women in neuromodulation committees, has inaugurated the virtual journal club to offer an objective, non-commercial platform for discussing timely studies of neuromodulation techniques and clinical practice. Many articles will come from neuromodulation: technology at the neural interface, the official journal of the ins. Cme credit is available to members who participate in the live event. Each club session will be recorded and made available on the ins members' website for later viewing. 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. Program service accomplishment statement1, continued: 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. Program service accomplishment statement3, continued: 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

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1ACTG-EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRES;EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR AT
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR AT
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR AT
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR AT
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt28PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt29CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt30CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt31CHAPTER PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt32EMERITUS DIR
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBER DUES + SUBSCRIPTIONS
IRS990/ProgramServiceRevenueGrp/Desc1EDITORIAL OFFICE STIPEND
IRS990/ProgramServiceRevenueGrp/Desc2STRATEGIC DEVELOPMENT

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