Civic Intelligence

Foundation for Blood Research

990 • Fiscal year 2015 • EIN 23-7346415

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 27, 2015

PO Box 190Scarborough, ME 04070-0190

(207) 883-4131

Siviq Scores

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

Liabilities / Assets

58th percentile

0.17x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

50th percentile

0.11x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

12th percentile

-26%

Higher net margin than 12% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

85th percentile

$161,026

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

4th percentile

-29%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,389,235

Down $567,714 (-29%) from 2014

Net Assets

Down

$1,151,156

Down $579,526 (-33%) from 2014

Liabilities

Up

$238,079

Up $11,812 (+5.2%) from 2014

Revenue

Down

$2,234,414

Down $480,922 (-18%) from 2014

Expenses

Down

$2,813,940

Down $485,969 (-15%) from 2014

Net Income

Up

-$579,526

Up $5,047 (+0.9%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,783,521Liabilities 2011: $522,702Net Assets 2011: $3,260,8192011Assets 2012: $3,557,788Liabilities 2012: $527,741Net Assets 2012: $3,030,0472012Assets 2013: $2,712,356Liabilities 2013: $397,101Net Assets 2013: $2,315,2552013Assets 2014: $1,956,949Liabilities 2014: $226,267Net Assets 2014: $1,730,6822014Assets 2015: $1,389,235Liabilities 2015: $238,079Net Assets 2015: $1,151,1562015Assets 2016: $1,062,062Liabilities 2016: $524,977Net Assets 2016: $537,0852016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2015

Assets$1,389,235
Liabilities$238,079
Net Assets$1,151,156

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $4,281,1832011Expenses 2012: $3,938,2912012Expenses 2013: $3,904,1362013Revenue 2014: $2,715,336Expenses 2014: $3,299,909Net Income 2014: -$584,5732014Revenue 2015: $2,234,414Expenses 2015: $2,813,940Net Income 2015: -$579,5262015Revenue 2016: $1,806,365Expenses 2016: $2,420,436Net Income 2016: -$614,0712016Revenue 2017: $604,978Expenses 2017: $956,863Net Income 2017: -$351,8852017

Highlighted filing

2015

Revenue$2,234,414
Expenses$2,813,940
Net Income-$579,526
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 27, 2015
Return Version
2014v5.0
Gross Receipts
$2,234,414
Mission and Program Overview

Mission

To find more effective ways to identify, manage, and prevent human disease through clinical and laboratory investigation, epidemiology, outreach science education, computer-based analysis, public health program design, and clinical testing.

Blood Research

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$774,842$569,922▼ $204,920
Land, Buildings, and Equipment, Net$605,216$489,552▼ $115,664
Savings and Temporary Cash Investments$500,741$257,426▼ $243,315
Prepaid Expenses and Deferred Charges$76,150$72,335▼ $3,815
Total Assets$1,956,949$1,389,235▼ $567,714
Liabilities
Accounts Payable and Accrued Expenses$161,570$188,401▲ $26,831
Deferred Revenue-$32,961-
Mortgage Notes Payable Secured by Investment Property$64,697$16,717▼ $47,980
Total Liabilities$226,267$238,079▲ $11,812
Net Assets / Fund Balance
Unrestricted Net Assets$1,730,682$1,151,156▼ $579,526
Total Net Assets Fund Balance$1,730,682$1,151,156▼ $579,526
Total Liabilities and Net Assets / Fund Balance$1,956,949$1,389,235▼ $567,714

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,382$2,926,231$2,966,613
Buildings$302,225$1,378,288$1,680,513
Land$146,945-$146,945
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
M Jane Sheehan EsqPresident/CEO/SecretaryFT$148,092$12,934$161,026
Deborah Sykes MSFinance DirectorFT$123,909$12,181$136,090

Board Members and Trustees

NameTitle
Arthur AndersonBoard Chairman
Ah-Kau Ng PhDBoard Member
Barry Smith MDBoard Member
David KirsteinBoard Member
Dennis EaglesonBoard Member
Gordon K Gayer EsqBoard Member
H Tim O'NeilBoard Member
William F Hickey MDBoard Member
William Palin PhDBoard Member
Holly L BulgerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$60,489
Program Service Revenue
$2,157,148
Investment Income
$317
Other Revenue
$16,460
All Other Contributions
$7,115
Change in Net Assets
$-579,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,413,645
Salaries, Compensation, and Employee Benefits$1,400,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$741,758$264,987-$1,006,745
Office Expenses$637,678$300,024-$937,702
Current Officers, Directors, Trustees, and Key Employees$118,642$42,384-$161,026
Other Employee Benefits$107,276$38,324-$145,600
Depreciation Depletion$97,156$34,708-$131,864
Payroll Taxes$61,830$22,088-$83,918
Occupancy$58,395$20,861-$79,256
Insurance$33,489$11,963-$45,452
Travel$9,151--$9,151
Other Expenses$3,624$1,285-$3,624
Pension Plan Contributions$2,215$791-$3,006
Interest$2,088$746-$2,834
Fees for Services Accounting-$2,500-$2,500
All Other Expenses$1,987--$1,987
Fees for Services Other$440--$440
Total Functional Expenses$2,073,279$740,661$0$2,813,940
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section B, line 11

The Form 990 is reviewed by the President and the Director of Finance before filing. It is presented to the full Board after filing.

Form 990, Part VI, Section B, line 12C

A written copy of the conflict of interest policy is given to each Board member and reviewed yearly. Each member is requested to disclose any conflicts of interest. Potential new members are investigated for any conflicts of interest.

Form 990, Part VI, Section B, line 15

Salaries are compared with similar organizations in the region. Employee salary survey instruments are also referenced.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Foundation for Blood Research
EIN
23-7346415
Phone
2078834131
Address
PO Box 190, Scarborough, ME 04070-0190

Signing Officer

Name
M Jane Sheehan
Title
President/CEO
Phone
2078834131
Signed
2015-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
M Jane Sheehan
Formed
1973
Legal Domicile
Me
Voting Board Members
10
Independent Board Members
10
Employees
33
Volunteers
10

Preparer

Firm
Baker Newman & Noyes
Address
Box 507, Portland, ME 04112
Preparer
Nicholas E Porto
Phone
2078792100
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IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02635469
IRS990/PYRevenuesLessExpensesAmt0-584573
IRS990/PYSalariesCompEmpBnftPaidAmt01896991
IRS990/PYTotalExpensesAmt03299909
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02715336
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-579526
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02107938
IRS990/RoyaltiesRevenueGrp/ExclusionAmt016460
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt016460
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0500741
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0257426
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt025000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt060489
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt073981
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0123612
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0242342
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0435358
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0935782
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt016777
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05886
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt028642
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt038470
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt079924
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0169699
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02157148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02635469
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03037090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03426707
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03470587
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt014727001
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt016777
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05886
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt028642
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt038470
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt079924
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0169699
IRS990ScheduleA/InvestmentIncomeCYPct00.01070
IRS990ScheduleA/InvestmentIncomePYPct00.01300
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98770
IRS990ScheduleA/PublicSupportPY509Pct00.98550
IRS990ScheduleA/PublicSupportTotal509Amt015637783
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt025000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02217637
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02709450
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03160702
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03669049
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03905945
IRS990ScheduleA/Total509Grp/TotalAmt015662783
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02234414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02715336
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03189344
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03707519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03985869
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015832482
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0302225
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01378288
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01680513
IRS990ScheduleD/EquipmentGrp/BookValueAmt040382
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02926231
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02966613
IRS990ScheduleD/LandGrp/BookValueAmt0146945
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0146945
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0489552
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0148092
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012934
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0M Jane Sheehan Esq
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President/CEO/Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0161026
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00

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