Civic Intelligence

Emily C and John E Hansen Intellectual Property Law Institute Inc

990 • Fiscal year 2018 • EIN 27-1093680

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

150 West 62nd StNew York, NY 10023

(212) 636-7177

Siviq Scores

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

Liabilities / Assets

70th percentile

0.11x

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

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

72nd percentile

0.09x

Higher debt load relative to revenue than 72% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Net Margin

6th percentile

-63%

Higher net margin than 6% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

87th percentile

$90,548

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Asset Growth

3rd percentile

-49%

Faster asset growth than 3% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-7.8%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$406,174

Down $394,488 (-49%) from 2017

Net Assets

Down

$360,581

Down $330,370 (-48%) from 2017

Liabilities

Down

$45,593

Down $64,118 (-58%) from 2017

Revenue

Down

$526,582

Down $44,320 (-7.8%) from 2017

Expenses

Down

$856,952

Down $80,921 (-8.6%) from 2017

Net Income

Up

-$330,370

Up $36,601 (+10.0%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $522,045Liabilities 2014: $93,714Net Assets 2014: $428,3312014Assets 2015: $227,844Liabilities 2015: $54,894Net Assets 2015: $172,9502015Assets 2016: $1,116,854Liabilities 2016: $58,932Net Assets 2016: $1,057,9222016Assets 2017: $800,662Liabilities 2017: $109,711Net Assets 2017: $690,9512017Assets 2018: $406,174Liabilities 2018: $45,593Net Assets 2018: $360,5812018Assets 2019: $499,074Liabilities 2019: $129,319Net Assets 2019: $369,7552019Assets 2020: $636,623Liabilities 2020: $439,417Net Assets 2020: $197,2062020Assets 2021: $386,549Liabilities 2021: $165,482Net Assets 2021: $221,0672021Assets 2022: $366,197Liabilities 2022: $73,725Net Assets 2022: $292,4722022Assets 2023: $305,944Liabilities 2023: $29,736Net Assets 2023: $276,2082023Assets 2024: $315,695Liabilities 2024: $16,215Net Assets 2024: $299,4802024

Highlighted filing

2018

Assets$406,174
Liabilities$45,593
Net Assets$360,581

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $560,946Expenses 2014: $1,048,097Net Income 2014: -$487,1512014Revenue 2015: $514,142Expenses 2015: $777,615Net Income 2015: -$263,4732015Revenue 2016: $1,766,198Expenses 2016: $875,752Net Income 2016: $890,4462016Revenue 2017: $570,902Expenses 2017: $937,873Net Income 2017: -$366,9712017Revenue 2018: $526,582Expenses 2018: $856,952Net Income 2018: -$330,3702018Revenue 2019: $796,285Expenses 2019: $787,111Net Income 2019: $9,1742019Revenue 2020: $263,510Expenses 2020: $436,059Net Income 2020: -$172,5492020Revenue 2021: $432,140Expenses 2021: $379,279Net Income 2021: $52,8612021Revenue 2022: $426,654Expenses 2022: $355,249Net Income 2022: $71,4052022Revenue 2023: $590,913Expenses 2023: $607,177Net Income 2023: -$16,2642023Revenue 2024: $660,182Expenses 2024: $625,910Net Income 2024: $34,2722024

Highlighted filing

2018

Revenue$526,582
Expenses$856,952
Net Income-$330,370
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.2
Gross Receipts
$526,582
Mission and Program Overview

Mission

The institute makes research grants, provides funding for academic fellowships, and supports the advancement of academic discussions and awareness relating to intellectual property law.

The Institute works to foster progress towards identifying and resolving issues of major concern to the intellectual property community and to provide a forum for assessing developments that could substantially affect the international intellectual property regime.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$683,334$0▼ $683,334
Cash and Non-Interest-Bearing Accounts$91,131$295,318▲ $204,187
Savings and Temporary Cash Investments$10,309$70,373▲ $60,064
Intangible Assets$13,417$12,023▼ $1,394
Land, Buildings, and Equipment, Net$1,714$2,166▲ $452
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$800,662$406,174▼ $394,488
Other Assets Total$757$26,294▲ $25,537
Liabilities
Accounts Payable and Accrued Expenses$98,731$45,593▼ $53,138
Deferred Revenue$10,980--
Total Liabilities$109,711$45,593▼ $64,118
Net Assets / Fund Balance
Temporarily Rstr Net Assets$683,834$350,000▼ $333,834
Unrestricted Net Assets$7,117$10,581▲ $3,464
Total Net Assets Fund Balance$690,951$360,581▼ $330,370
Total Liabilities and Net Assets / Fund Balance$800,662$406,174▼ $394,488

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,166$6,316$8,482
Other Assets Org$2,224--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicholas BarteltTr/secPT$90,548$90,548
Hugh C HansenDirector & CEOPT$30,000$30,000

Board Members and Trustees

NameTitle
Brad SmithChairman
Luke ConnellyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$440,647
Program Service Revenue
$84,885
Investment Income
$1,050
Other Revenue
$0
All Other Contributions
$440,647
Change in Net Assets
$-330,370

Audited Revenue Reconciliation

Revenue per Audited Statements
$526,582
Revenue Not Reported on Form 990
$32,587
Total Revenue per Audited Statements
$559,169
Total Revenue per Form 990
$526,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$448,970
Salaries, Compensation, and Employee Benefits$292,982
Grants and Similar Amounts Paid$115,000
Total Fundraising Expense$22,732
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$128,588$11,635$20,416$160,639
Grants to Domestic Orgs$115,000--$115,000
Current Officers, Directors, Trustees, and Key Employees$107,870$2,713-$110,583
Travel$47,850-$359$48,209
Fees for Services Accounting-$34,338-$34,338
Payroll Taxes$18,971$1,151$1,638$21,760
Office Expenses$15,907$849$319$17,075
Depreciation Depletion-$8,937-$8,937
Fees for Services Other$6,747$639-$7,386
Other Expenses$4,017$20-$4,017
Occupancy$1,944--$1,944
Insurance$266$1,515-$1,781
Total Functional Expenses$772,423$61,797$22,732$856,952

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$889,539
Expenses per Audited Statements$856,952
Total Expenses per Form 990$856,952
Expenses Not Reported on Form 990$32,587
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fordham Univ SchNew York, NY-To Support Fordham Ip Law Inst$115,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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, Part VI, Line 11B: Form 990 Review Process

The draft is e-mailed to the Board for their review and approval before filing.

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

The Institute periodically reviews all transactions for conflicts and periodically requests disclosures from members of the board of directors and management regarding whether there are any conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation for the CEO is determined by and approved by the Independent Directors.

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

Financial statements and 990s are available upon request. The Institute does not make it governing documents or conflict of interest policy available to the general public.

Filing and Contact Details

Filer

Filer Name
Emily C and John E Hansen Intellectual
EIN
27-1093680
Phone
2126367177
Address
150 WEST 62ND ST, NEW YORK, NY 10023

Signing Officer

Name
Hugh C Hansen
Title
Director & CEO
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hugh C Hansen
Formed
2009
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
8
Volunteers
2

Preparer

Firm
Kenneth Lederer CPA
Address
20 East 35th Street 3M, New York, NY 10016
Preparer
Kenneth Lederer
Phone
2018959366
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Institute has adopted the provisions of the Financial Accounting Standards Boards (FASB) ASC Topic 740, Income Taxes, relating to accounting and reporting for uncertainty in income taxes. Management has determined that there are no material uncertain tax provisions that require recognition or disclosure in the financial statements.

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IRS990/PYTotalExpensesAmt0937873
IRS990/PYTotalRevenueAmt0570902
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-330370
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt084885
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010309
IRS990/SavingsAndTempCashInvstGrp/EOYAmt070373
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0440647
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0541890
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01703294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0442250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0455000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03583081
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01050
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0384
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0455
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02005
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0820
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01820
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62500
IRS990ScheduleA/PublicSupportPY170Pct00.55320
IRS990ScheduleA/PublicSupportTotal170Amt02241763
IRS990ScheduleA/SubstantialContributorsTotAmt01341318
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0440647
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0541890
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01703294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0442250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0455000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03583081
IRS990ScheduleA/TotalSupportAmt03586906
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt032587
IRS990ScheduleD/DonatedServicesUseFcltsAmt032587
IRS990ScheduleD/ExpensesNotReportedAmt032587
IRS990ScheduleD/ExpensesSubtotalAmt0856952
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt022486
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11584
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22224
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1per diem cash advances
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PREPAID EXPS AND OTHER ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02166
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06316
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08482
IRS990ScheduleD/RevenueNotReportedAmt032587
IRS990ScheduleD/RevenueSubtotalAmt0526582
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Institute has adopted the provisions of the Financial Accounting Standards Boards (FASB) ASC Topic 740, Income Taxes, relating to accounting and reporting for uncertainty in income taxes. Management has determined that there are no material uncertain tax provisions that require recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02166
IRS990ScheduleD/TotalBookValueOtherAssetsAmt026294
IRS990ScheduleD/TotalExpensesPerForm990Amt0856952
IRS990ScheduleD/TotalRevenuePerForm990Amt0526582
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0559169
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0889539
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0115000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT FORDHAM IP LAW INST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FORDHAM UNIV SCH
IRS990ScheduleI/RecipientTable/RecipientEIN0131740451
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0150 W 62ND STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010023
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0request PERIODICALLY INFORMATION FROM GRANT RECIPIENTS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The draft is e-mailed to the Board for their review and approval before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Institute periodically reviews all transactions for conflicts and periodically requests disclosures from members of the board of directors and management regarding whether there are any conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for the CEO is determined by and approved by the Independent Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Financial statements and 990s are available upon request. The Institute does not make it governing documents or conflict of interest policy available to the general public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0683834
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0350000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0800662
IRS990/TotalAssetsEOYAmt0406174
IRS990/TotalAssetsGrp/BOYAmt0800662
IRS990/TotalAssetsGrp/EOYAmt0406174
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0440647
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022732
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061797
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0772423
IRS990/TotalFunctionalExpensesGrp/TotalAmt0856952
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0109711
IRS990/TotalLiabilitiesEOYAmt045593
IRS990/TotalLiabilitiesGrp/BOYAmt0109711
IRS990/TotalLiabilitiesGrp/EOYAmt045593
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0690951
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0360581
IRS990/TotalProgramServiceExpensesAmt0772423
IRS990/TotalProgramServiceRevenueAmt084885
IRS990/TotalReportableCompFromOrgAmt0120548
IRS990/TotalRevenueGrp/ExclusionAmt01050
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt084885
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0526582
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0800662
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0406174
IRS990/TravelGrp/FundraisingAmt0359

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