Civic Intelligence

Galien Foundation Inc.

990 • Fiscal year 2017 • EIN 26-4549935

Jan 01, 2017 to Dec 31, 2017 • Filed on May 16, 2018

99 John Street Room 2502New York, NY 10038

(212) 685-1593

Siviq Scores

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

Liabilities / Assets

59th percentile

0.16x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

43rd percentile

0.8%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

90th percentile

$204,170

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

31st percentile

-1.8%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-12%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,934,159

Down $35,404 (-1.8%) from 2016

Net Assets

Down

$1,624,747

Down $30,055 (-1.8%) from 2016

Liabilities

Down

$309,412

Down $5,349 (-1.7%) from 2016

Revenue

Down

$1,708,439

Down $243,640 (-12%) from 2016

Expenses

Up

$1,694,405

Up $160,718 (+10%) from 2016

Net Income

Down

$14,034

Down $404,358 (-97%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $166,112Liabilities 2010: $101,795Net Assets 2010: $64,3172010Assets 2011: $254,977Liabilities 2011: $209,537Net Assets 2011: $45,4402011Assets 2012: $602,042Liabilities 2012: $336,151Net Assets 2012: $265,8912012Assets 2013: $735,413Liabilities 2013: $352,250Net Assets 2013: $383,1632013Assets 2014: $987,843Liabilities 2014: $154,867Net Assets 2014: $832,9762014Assets 2015: $1,334,177Liabilities 2015: $291,026Net Assets 2015: $1,043,1512015Assets 2016: $1,969,563Liabilities 2016: $314,761Net Assets 2016: $1,654,8022016Assets 2017: $1,934,159Liabilities 2017: $309,412Net Assets 2017: $1,624,7472017Assets 2018: $1,992,509Liabilities 2018: $244,170Net Assets 2018: $1,748,3392018Assets 2019: $2,259,223Liabilities 2019: $98,963Net Assets 2019: $2,160,2602019Assets 2020: $2,696,531Liabilities 2020: $245,101Net Assets 2020: $2,451,4302020Assets 2021: $3,140,847Liabilities 2021: $406,238Net Assets 2021: $2,734,6092021Assets 2022: $3,804,930Liabilities 2022: $837,162Net Assets 2022: $2,967,7682022Assets 2023: $4,006,195Liabilities 2023: $833,010Net Assets 2023: $3,173,1852023Assets 2024: $3,663,975Liabilities 2024: $463,663Net Assets 2024: $3,200,3122024Assets 2025: $4,227,997Liabilities 2025: $754,056Net Assets 2025: $3,473,9412025

Highlighted filing

2017

Assets$1,934,159
Liabilities$309,412
Net Assets$1,624,747

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $858,7322010Expenses 2011: $832,0382011Expenses 2012: $878,4232012Revenue 2013: $1,327,817Expenses 2013: $1,209,882Net Income 2013: $117,9352013Revenue 2014: $1,411,188Expenses 2014: $961,639Net Income 2014: $449,5492014Revenue 2015: $1,737,037Expenses 2015: $1,536,580Net Income 2015: $200,4572015Revenue 2016: $1,952,079Expenses 2016: $1,533,687Net Income 2016: $418,3922016Revenue 2017: $1,708,439Expenses 2017: $1,694,405Net Income 2017: $14,0342017Revenue 2018: $1,727,736Expenses 2018: $1,604,148Net Income 2018: $123,5882018Revenue 2019: $2,233,228Expenses 2019: $1,821,306Net Income 2019: $411,9222019Revenue 2020: $1,360,636Expenses 2020: $1,069,465Net Income 2020: $291,1712020Revenue 2021: $2,038,143Expenses 2021: $1,754,964Net Income 2021: $283,1792021Revenue 2022: $3,051,061Expenses 2022: $2,830,572Net Income 2022: $220,4892022Revenue 2023: $2,579,155Expenses 2023: $2,373,738Net Income 2023: $205,4172023Revenue 2024: $3,445,050Expenses 2024: $3,218,996Net Income 2024: $226,0542024Revenue 2025: $4,258,698Expenses 2025: $3,985,069Net Income 2025: $273,6292025

Highlighted filing

2017

Revenue$1,708,439
Expenses$1,694,405
Net Income$14,034
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 16, 2018
Return Version
2017v2.3
Gross Receipts
$1,708,439
Mission and Program Overview

Mission

Recognize technical, scientific and clinical research skills necessary to develop innovative medicines and devices. The Galien Foundation is considered the biomedical industrys highest accolade.

Promotion of biomedical research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,654,802$1,624,747▼ $30,055
Intangible Assets$978,756$912,023▼ $66,733
Cash and Non-Interest-Bearing Accounts$603,204$795,118▲ $191,914
Accounts Receivable$384,609$224,488▼ $160,121
Land, Buildings, and Equipment, Net$573$109▼ $464
Total Assets$1,969,563$1,934,159▼ $35,404
Other Assets Total$2,421$2,421→ $0
Liabilities
Accounts Payable and Accrued Expenses$259,931$254,582▼ $5,349
Other Liabilities$54,830$54,830→ $0
Total Liabilities$314,761$309,412▼ $5,349
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,654,802$1,624,747▼ $30,055
Total Liabilities and Net Assets / Fund Balance$1,969,563$1,934,159▼ $35,404

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$109$14,044$14,153
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cohen BrunoPresidentFT$204,170$204,170
Revenue and Support

Revenue Composition

Contributions and Grants
$1,590,925
Program Service Revenue
$0
Investment Income
$2,101
Other Revenue
$115,413
All Other Contributions
$1,590,925
Change in Net Assets
$14,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,391,245
Salaries, Compensation, and Employee Benefits$215,054
Grants and Similar Amounts Paid$88,106
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,015,681--$1,015,681
Current Officers, Directors, Trustees, and Key Employees$142,919$61,251-$204,170
Advertising$93,696--$93,696
Grants to Domestic Individuals$88,106--$88,106
Depreciation Depletion$54,508$13,628-$68,136
Travel$60,331$6,703-$67,034
Fees for Services Legal-$21,690-$21,690
Office Expenses$13,012$4,338-$17,350
Fees for Services Management-$15,921-$15,921
Payroll Taxes$7,619$3,265-$10,884
Other Expenses$6,852--$6,852
Fees for Services Accounting-$5,760-$5,760
All Other Expenses$2,027$3,715-$5,742
Royalties-$3,950-$3,950
Insurance$1,863$2,013-$3,876
Total Functional Expenses$1,552,171$142,234$0$1,694,405
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
Federal income taxes$54,830
Other Liabilities-
Due to Regimedia-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 11B

Form 990 provided to President for review, approval and signing.

Form 990, Part VI, Section B, Line 15A

Compensation determined annually by committee.

Form 990, Part VI, Section C, Line 19

Upon Request.

Filing and Contact Details

Filer

Filer Name
The Galien Foundation
EIN
26-4549935
Phone
2126851593
Address
99 John Street Room 2502, New York, NY 10038

Signing Officer

Name
Bruno Cohen
Title
President
Signed
2018-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruno Cohen
Formed
2009
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
1

Preparer

Firm
Ward Scheiderman CPA
Address
15 Linda Lane, Green Brook, NJ 08812
Preparer
Ward Scheiderman
Phone
9082260019
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0204170
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 provided to President for review, approval and signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation determined annually by committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon Request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01934159
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IRS990/TotalAssetsGrp/EOYAmt01934159
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IRS990/TotalContributionsAmt01590925
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0142234
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01552171
IRS990/TotalFunctionalExpensesGrp/TotalAmt01694405
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0314761
IRS990/TotalLiabilitiesEOYAmt0309412
IRS990/TotalLiabilitiesGrp/BOYAmt0314761
IRS990/TotalLiabilitiesGrp/EOYAmt0309412
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01654802
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01624747
IRS990/TotalProgramServiceExpensesAmt01552171
IRS990/TotalReportableCompFromOrgAmt0204170
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0117514
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01708439
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01969563
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01934159
IRS990/TravelGrp/ManagementAndGeneralAmt06703
IRS990/TravelGrp/ProgramServicesAmt060331
IRS990/TravelGrp/TotalAmt067034
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt099 John Street Suite 2502
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010038
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.prix-galien-usa.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Bruno Cohen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Galien Foundation
ReturnHeader/Filer/BusinessNameControlTxt0GALI
ReturnHeader/Filer/EIN0264549935
ReturnHeader/Filer/PhoneNum02126851593
ReturnHeader/Filer/USAddress/AddressLine1Txt099 John Street Room 2502
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010038
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E9E14D9C9326F8A2DE4E2E3D9685F9D7FE89DEBF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E9E14D9C9326F8A2DE4E2E3D9685F9D7FE89DEBF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0148.74.224.73
ReturnHeader/FilingSecurityInformation/IPDt02018-05-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:28:06
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ward Scheiderman CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015 Linda Lane
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Green Brook
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008812
ReturnHeader/PreparerPersonGrp/PhoneNum09082260019
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ward Scheiderman
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-16T09:01:24-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.23$0.75$3.47$4.26$3.99$0.27
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$0.46$3.20$3.45$3.22$0.23
2023Detailed filing. Detailed filing data is available for this year.$4.01$0.83$3.17$2.58$2.37$0.21
2022Detailed filing. Detailed filing data is available for this year.$3.80$0.84$2.97$3.05$2.83$0.22
2021Detailed filing. Detailed filing data is available for this year.$3.14$0.41$2.73$2.04$1.75$0.28
2020Detailed filing. Detailed filing data is available for this year.$2.70$0.25$2.45$1.36$1.07$0.29
2019Detailed filing. Detailed filing data is available for this year.$2.26$0.10$2.16$2.23$1.82$0.41
2018Detailed filing. Detailed filing data is available for this year.$1.99$0.24$1.75$1.73$1.60$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.93$0.31$1.62$1.71$1.69$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.97$0.31$1.65$1.95$1.53$0.42
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.29$1.04$1.74$1.54$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.99$0.15$0.83$1.41$0.96$0.45
2013Detailed filing. Detailed filing data is available for this year.$0.74$0.35$0.38$1.33$1.21$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.34$0.27$0.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.21$0.05$0.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.10$0.06$0.86