Civic Intelligence

Saem Research Foundation

990 • Fiscal year 2016 • EIN 26-2371803

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

1111 East Touhy AvenueDes Plaines, IL 60018

(847) 813-9823

Siviq Scores

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

Liabilities / Assets

26th percentile

0.03x

Higher debt load relative to assets than 26% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.59x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

90th percentile

$331,543

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 63.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

Up

$9,660,705

Up $3,753,140 (+64%) from 2010

Net Assets

Up

$9,351,022

Up $3,586,057 (+62%) from 2010

Liabilities

Up

$309,683

Up $167,083 (+117%) from 2010

Revenue

$523,783

No earlier filing loaded for comparison.

Expenses

Down

$209,757

Down $77,985 (-27%) from 2010

Net Income

$314,026

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $5,907,565Liabilities 2010: $142,600Net Assets 2010: $5,764,9652010Assets 2016: $9,660,705Liabilities 2016: $309,683Net Assets 2016: $9,351,0222016Assets 2017: $10,794,658Liabilities 2017: $548,545Net Assets 2017: $10,246,1132017Assets 2018: $10,155,573Liabilities 2018: $903,122Net Assets 2018: $9,252,4512018Assets 2019: $11,543,310Liabilities 2019: $1,071,842Net Assets 2019: $10,471,4682019Assets 2020: $12,247,717Liabilities 2020: $1,025,294Net Assets 2020: $11,222,4232020Assets 2021: $13,208,532Liabilities 2021: $1,237,602Net Assets 2021: $11,970,9302021Assets 2022: $11,007,706Liabilities 2022: $1,397,797Net Assets 2022: $9,609,9092022Assets 2023: $12,035,983Liabilities 2023: $1,228,228Net Assets 2023: $10,807,7552023Assets 2024: $13,709,703Liabilities 2024: $1,347,320Net Assets 2024: $12,362,3832024

Highlighted filing

2016

Assets$9,660,705
Liabilities$309,683
Net Assets$9,351,022

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $287,7422010Revenue 2016: $523,783Expenses 2016: $209,757Net Income 2016: $314,0262016Revenue 2017: $453,287Expenses 2017: $638,475Net Income 2017: -$185,1882017Revenue 2018: $766,741Expenses 2018: $882,398Net Income 2018: -$115,6572018Revenue 2019: $788,071Expenses 2019: $914,010Net Income 2019: -$125,9392019Revenue 2020: $883,751Expenses 2020: $934,962Net Income 2020: -$51,2112020Revenue 2021: $2,705,081Expenses 2021: $1,113,237Net Income 2021: $1,591,8442021Revenue 2022: $927,684Expenses 2022: $1,170,106Net Income 2022: -$242,4222022Revenue 2023: $515,393Expenses 2023: $1,001,393Net Income 2023: -$486,0002023Revenue 2024: $2,863,754Expenses 2024: $1,449,688Net Income 2024: $1,414,0662024

Highlighted filing

2016

Revenue$523,783
Expenses$209,757
Net Income$314,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$2,050,288
Mission and Program Overview

Mission

To improve emergency patient care through supporting the development of innovative researchers, expert educators, and future academic emergency medicine leaders.

To improve the emergency care of patients through medical research and scientific discovery.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,987,874$8,477,020▲ $489,146
Savings and Temporary Cash Investments$1,366,264$1,007,592▼ $358,672
Cash and Non-Interest-Bearing Accounts-$145,034-
Land, Buildings, and Equipment, Net$17,783$0▼ $17,783
Accounts Receivable$28,731$12,271▼ $16,460
Prepaid Expenses and Deferred Charges$795$0▼ $795
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$9,401,447$9,660,705▲ $259,258
Other Assets Total-$18,788-
Liabilities
Grants Payable$336,500$225,000▼ $111,500
Other Liabilities$76,046$84,654▲ $8,608
Accounts Payable and Accrued Expenses$43,986$29▼ $43,957
Total Liabilities$456,532$309,683▼ $146,849
Net Assets / Fund Balance
Unrestricted Net Assets$8,944,915$9,351,022▲ $406,107
Total Net Assets Fund Balance$8,944,915$9,351,022▲ $406,107
Total Liabilities and Net Assets / Fund Balance$9,401,447$9,660,705▲ $259,258

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$42,853$42,853
Compensation and Service Providers

Employees

NameTitleOtherTotal
Douglas RayFinance Director$103,678$103,678

Board Members and Trustees

NameTitle
Robert HockbergerChair
William BarsanDev Chair
Deborah B DiercksMEMBER/chair
Andra L BlomkalnsVICECHAIR/membe
Megan Schagrin Mba CaeCEO
Amy KajiMember at Large
Cherri D HobgoodMember at Large
Jill M BarenMember at Large
Louis LingMember at Large
Michael D BrownMember at Large
D Mark CourtneySEC-TREA/vice
Revenue and Support

Revenue Composition

Contributions and Grants
$138,636
Program Service Revenue
$0
Investment Income
$373,134
Other Revenue
$12,013
All Other Contributions
$91,086
Change in Net Assets
$314,026
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,557
Salaries, Compensation, and Employee Benefits$56,040
Grants and Similar Amounts Paid$45,160
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$65,624--$65,624
Grants to Domestic Orgs$45,160--$45,160
Other Salaries and Wages$41,216--$41,216
Travel$18,086--$18,086
Depreciation Depletion$17,783--$17,783
Other Employee Benefits$14,824--$14,824
Conferences and Meetings$2,060--$2,060
Fees for Services Legal$469--$469
Office Expenses$325--$325
Other Expenses$86--$86
Total Functional Expenses$209,757$0$0$209,757
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The American Geriatrics SocNew York, NY501(c)(3)Medical Research$12,500
University of WashingtonChicago, IL501(c)(3)Medical Research$10,000
Yale UniversityNew Haven, CT-Medical Research$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,111
Fundraising Direct Expenses$11,098
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Foundation Event$23,111$23,111-$23,111
Total Events$23,111$23,111$11,098$12,013
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$84,654
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The board of trustees, finance committee,chief executive officer and director of finance review the 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflicts are handled by the program committee during the annual meeting. Other conflicts are handled by the board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Saem Research Foundation
EIN
26-2371803
Phone
8478139823
Address
1111 EAST TOUHY AVENUE, DES PLAINES, IL 60018

Signing Officer

Name
Megan Schagrin Mba Cae
Title
CEO
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Schagrin Mba Cae
Formed
2008
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
25

Preparer

Firm
Porte Brown LLC
Address
845 Oakton St, Elk Grove Village, IL 60007
Preparer
Genevra Knight
Phone
8479561040
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has adopted the provisions of ASC Topic 740, Income Taxes, relating to the accounting for uncertainty in income taxes. The Society and the Foundation file separate income tax returns in the U.S. federal jurisdiction and the State of Illinois. Management is not aware of any uncertain tax positions.

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IRS990/MissionDesc0TO IMPROVE THE EMERGENCY CARE OF PATIENTS THROUGH MEDICAL RESEARCH AND SCIENTIFIC DISCOVERY. TO ENHANCE RESEARCH CAPABILITIES WITHIN EMERGENCY MEDICINE AND TO HELP EMERGENCY PHYSICIANS DEVELOP THE SKILLS TO BECOME SUCCESSFUL INVESTIGATORS.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has adopted the provisions of ASC Topic 740, Income Taxes, relating to the accounting for uncertainty in income taxes. The Society and the Foundation file separate income tax returns in the U.S. federal jurisdiction and the State of Illinois. Management is not aware of any uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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