Civic Intelligence

Moasc Purchasing Network Inc

990 • Fiscal year 2014 • EIN 26-1307825

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 04, 2015

7608 Keechie DriveMckinney, TX 75070

(214) 578-9589

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-158%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

15th percentile

-21%

Faster asset growth than 15% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

5th percentile

-44%

Faster revenue growth than 5% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$391,490

Down $104,844 (-21%) from 2013

Net Assets

Down

$391,490

Down $104,844 (-21%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$66,304

Down $51,374 (-44%) from 2013

Expenses

Down

$171,148

Down $115,243 (-40%) from 2013

Net Income

Up

-$104,844

Up $63,869 (+38%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $488,834Liabilities 2010: $0Net Assets 2010: $488,8342010Assets 2011: $656,563Liabilities 2011: $0Net Assets 2011: $656,5632011Assets 2012: $665,047Liabilities 2012: $0Net Assets 2012: $665,0472012Assets 2013: $496,334Liabilities 2013: $0Net Assets 2013: $496,3342013Assets 2014: $391,490Liabilities 2014: $0Net Assets 2014: $391,4902014Assets 2015: $226,612Liabilities 2015: $0Net Assets 2015: $226,6122015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2014

Assets$391,490
Liabilities$0
Net Assets$391,490

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2010: $297,1542010Expenses 2011: $267,6422011Expenses 2012: $338,8882012Revenue 2013: $117,678Expenses 2013: $286,391Net Income 2013: -$168,7132013Revenue 2014: $66,304Expenses 2014: $171,148Net Income 2014: -$104,8442014Revenue 2015: $26,300Expenses 2015: $191,178Net Income 2015: -$164,8782015Revenue 2016: $155Expenses 2016: $226,767Net Income 2016: -$226,6122016

Highlighted filing

2014

Revenue$66,304
Expenses$171,148
Net Income-$104,844
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 4, 2015
Return Version
2014v5.0
Gross Receipts
$66,304
Mission and Program Overview

Mission

To negotiate prices and arrange for the purchase of oncology drugs, supplies, and equipment directly from manufacturers, distributors, retailers, and wholesales for moasc members and patient advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$446,832$367,495▼ $79,337
Cash and Non-Interest-Bearing Accounts$49,502$23,995▼ $25,507
Total Assets$496,334$391,490▼ $104,844
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$496,334$391,490▼ $104,844
Total Net Assets Fund Balance$496,334$391,490▼ $104,844
Total Liabilities and Net Assets / Fund Balance$496,334$391,490▼ $104,844
Compensation and Service Providers

Board Members and Trustees

NameTitle
Varun GuptaPresident
Ira FelmanBoard Member
Keith PipesBoard Member
Lesli LordExecutive Di
Sabina WallachSecretary
Jonathan DoctorTreasurer
Edward AlexsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$64,475
Investment Income
$1,829
Other Revenue
$0
Change in Net Assets
$-104,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,148
Salaries, Compensation, and Employee Benefits$33,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$116,450
Other Salaries and Wages---$33,000
Advertising---$10,000
Travel---$4,178
Conferences and Meetings---$3,333
Office Expenses---$1,380
Information Technology---$1,145
Fees for Services Accounting---$1,025
Other Expenses---$7
Total Functional Expenses$0$0$0$171,148
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
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
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The sole member of moasc purchase network ("mpn") is medical oncology assoiation of southern california ("moasc"), a 501(c)(6) exempt organization.

Form 990, Page 6, Part VI, Line 7B

The member shall have the right to vote, as set forth in the bylaws, on the election of directors, on the disposition of all or substantially all of the assets of the corporation, on any merger and its principal terms and any amendment of those terms, and on any election to dissolve the corporation. In addition, the member shall have all rights afforded members under the california nonprofit mutual benefit corporation law. If the corporation is dissolved, the member shall receive a distribution of all assets remaining after payment or provision for payment of the obligations and debts of the corportaion or any provision for any other payment required under applicable law.

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

The governing body reviews form 990 before it is filed.

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

The conflict of interest policy is on mpn's website, it is password protected to allow access only to moasc members. Conflict of interest policy compliance is managed by the board of directors.

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

Pursuant to section 10.1 of these bylaws, the board may approve two or more directors of the corporation to serve as the audit and finance committee. The audit and finance committee shall be responsible for the overall fiscal policies and operations of mpn, including but not limited to the compensation review and approval process for ceo, executive director and top management. The audit and finance committee accomplishes fiscal responsibility principally through the following activities: a. Establish and review fiscal policies, guidelines, operations and procedures that will ensure the financial integrity of mpn and foster its purpose and mission.

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

Mpn conducts an internal marketplace survey to determine reasonable compensation for membership of the board of directors for similarly situated not-for-profit organizations. Based upon the marketplace comparison, the compensation provided to the board of directors is reasonable for the services rendered to mpn.

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
Moasc Purchasing Network Inc
EIN
26-1307825
Address
7608 KEECHIE DRIVE, MCKINNEY, TX 75070
Doing Business As
Mpn

Signing Officer

Name
Leslie Lord
Title
Executive Director
Signed
2015-06-04

Organization Details

Principal Officer
Leslie Lord
Formed
2007
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
3
Employees
0

Preparer

Firm
David M Kesel CPA
Address
4833 MEDICAL CENTER DR STE 6A, MCKINNEY, TX 75069
Preparer
David Kesel
Phone
9727341040
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF MOASC PURCHASE NETWORK ("MPN") IS MEDICAL ONCOLOGY ASSOIATION OF SOUTHERN CALIFORNIA ("MOASC"), A 501(C)(6) EXEMPT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBER SHALL HAVE THE RIGHT TO VOTE, AS SET FORTH IN THE BYLAWS, ON THE ELECTION OF DIRECTORS, ON THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, ON ANY MERGER AND ITS PRINCIPAL TERMS AND ANY AMENDMENT OF THOSE TERMS, AND ON ANY ELECTION TO DISSOLVE THE CORPORATION. IN ADDITION, THE MEMBER SHALL HAVE ALL RIGHTS AFFORDED MEMBERS UNDER THE CALIFORNIA NONPROFIT MUTUAL BENEFIT CORPORATION LAW. IF THE CORPORATION IS DISSOLVED, THE MEMBER SHALL RECEIVE A DISTRIBUTION OF ALL ASSETS REMAINING AFTER PAYMENT OR PROVISION FOR PAYMENT OF THE OBLIGATIONS AND DEBTS OF THE CORPORTAION OR ANY PROVISION FOR ANY OTHER PAYMENT REQUIRED UNDER APPLICABLE LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY REVIEWS FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS ON MPN'S WEBSITE, IT IS PASSWORD PROTECTED TO ALLOW ACCESS ONLY TO MOASC MEMBERS. CONFLICT OF INTEREST POLICY COMPLIANCE IS MANAGED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PURSUANT TO SECTION 10.1 OF THESE BYLAWS, THE BOARD MAY APPROVE TWO OR MORE DIRECTORS OF THE CORPORATION TO SERVE AS THE AUDIT AND FINANCE COMMITTEE. THE AUDIT AND FINANCE COMMITTEE SHALL BE RESPONSIBLE FOR THE OVERALL FISCAL POLICIES AND OPERATIONS OF MPN, INCLUDING BUT NOT LIMITED TO THE COMPENSATION REVIEW AND APPROVAL PROCESS FOR CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT. THE AUDIT AND FINANCE COMMITTEE ACCOMPLISHES FISCAL RESPONSIBILITY PRINCIPALLY THROUGH THE FOLLOWING ACTIVITIES: A. ESTABLISH AND REVIEW FISCAL POLICIES, GUIDELINES, OPERATIONS AND PROCEDURES THAT WILL ENSURE THE FINANCIAL INTEGRITY OF MPN AND FOSTER ITS PURPOSE AND MISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MPN CONDUCTS AN INTERNAL MARKETPLACE SURVEY TO DETERMINE REASONABLE COMPENSATION FOR MEMBERSHIP OF THE BOARD OF DIRECTORS FOR SIMILARLY SITUATED NOT-FOR-PROFIT ORGANIZATIONS. BASED UPON THE MARKETPLACE COMPARISON, THE COMPENSATION PROVIDED TO THE BOARD OF DIRECTORS IS REASONABLE FOR THE SERVICES RENDERED TO MPN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MCKINNEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075069
ReturnHeader/PreparerPersonGrp/PhoneNum09727341040
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID KESEL
ReturnHeader/ReturnTs02015-06-05T13:29:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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