Civic Intelligence

The Foundation for Improving Patient Outcomes(Bankrupt) C/O B Stanziale Esq

990EZ • Fiscal year 2018 • EIN 27-3571323

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 14, 2019

29 NORTHFIELD AVENUE No 201West Orange, NJ 07052

(973) 731-9393

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

100th percentile

24.66x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

3rd percentile

-248%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Assets

Down

$0

Down $2,705 (-100%) from 2017

Net Assets

Down

-$246,618

Down $24,805 (-11%) from 2017

Liabilities

Up

$246,618

Up $22,100 (+9.8%) from 2017

Revenue

Up

$10,000

Up $10,000 from 2017

Expenses

Up

$34,805

Up $31,805 (+1060%) from 2017

Net Income

Down

-$24,805

Down $21,805 (-727%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200K-$400KAssets 2013: $99,438Liabilities 2013: $441,730Net Assets 2013: -$342,2922013Assets 2014: $137,182Liabilities 2014: $373,381Net Assets 2014: -$236,1992014Assets 2015: $38,157Liabilities 2015: $275,133Net Assets 2015: -$236,9762015Assets 2016: $2,705Liabilities 2016: $221,518Net Assets 2016: -$218,8132016Assets 2017: $2,705Liabilities 2017: $224,518Net Assets 2017: -$221,8132017Assets 2018: $0Liabilities 2018: $246,618Net Assets 2018: -$246,6182018

Highlighted filing

2018

Assets$0
Liabilities$246,618
Net Assets-$246,618

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $473,461Expenses 2013: $684,657Net Income 2013: -$211,1962013Revenue 2014: $430,512Expenses 2014: $324,419Net Income 2014: $106,0932014Revenue 2015: $368,415Expenses 2015: $369,192Net Income 2015: -$7772015Revenue 2016: $57,104Expenses 2016: $38,941Net Income 2016: $18,1632016Revenue 2017: $0Expenses 2017: $3,000Net Income 2017: -$3,0002017Revenue 2018: $10,000Expenses 2018: $34,805Net Income 2018: -$24,8052018

Highlighted filing

2018

Revenue$10,000
Expenses$34,805
Net Income-$24,805
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 14, 2019
Return Version
2018v3.1
Gross Receipts
$10,000
Mission and Program Overview

Mission

Improving the quality of medical care

Improving the outcome of medical care

Program Services

DescriptionGrantsExpenses
NONE, ORGANIZATION FILED BANKRUPTCY IN 2016$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BENJAMIN STANZIALE JR ESQTrustee-$0--
Filing and Contact Details

Filer

Filer Name
The Foundation for Improving Patient
EIN
27-3571323
Phone
9737319393
Address
29 NORTHFIELD AVENUE No 201, WEST ORANGE, NJ 07052

Signing Officer

Name
Benjamin Stanziale Esq
Title
Trustee
Phone
9737319393
Signed
2019-03-14
Discuss with paid preparer
Yes

Preparer

Firm
Bederson Llp
Address
347 MT PLEASANT AVENUE, WEST ORANGE, NJ 07052
Preparer
Timothy J King
Phone
9735309140
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8 - Other Revenue

Description: SETTLMENT INCOME. Amount: 10,000.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: LOSS ON ABANDONMENT OF FIXED ASSETS. Amount: 948. Description: INSURANCE EPXENSE. Amount: 1,704. Description: MISCELLANEOUS OFFICE EXPENSES. Amount: 53. Total to Form 990-EZ, line 16: 2,705.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: PREPAID INSURANCE. Beg. of Year Amount: 1,704. End of Year Amount: 0. Description: Other Depreciable Assets. Beg. of Year Amount: 948. End of Year Amount: 0.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: ACCOUNTS PAYABLE. Beg. of Year Amount: 78,562. End of Year Amount: 100,662. Description: DEFERRED SALARY. Beg. of Year Amount: 142,956. End of Year Amount: 142,956. Description: ACCRUED EXPENSES. Beg. of Year Amount: 3,000. End of Year Amount: 3,000.

Addendum to Form 990-ez

FOUNDATION FOR IMPROVING PATIENT OUTCOMES (BANKRUPT) FEDERAL IDENTIFICATION NUMBER: 27-3571323 FOR THE YEAR ENDED DECEMBER 31, 2018 We are the Court Appointed Accountants for the Trustee of Foundation for Improving Patient Outcomes (Bankrupt), which filed bankruptcy on June 24, 2016 and is currently under the protection of Chapter 7 of the United States Bankruptcy Code. Due to the bankruptcy and lack of cooperation from the Debtor's Principals, certain key financial records, account analysis, reconciliations, and supporting information that would normally be present were missing or unavailable. We prepared this tax return from the best limited information available; that is, the Debtor's accounting records, the Trustee transactions and the prior tax returns. This return has been filed as a final return including the anticipated distribution of funds currently in the Trustee's possession awaiting court approval. The Trustee, by his signature on the face of this tax return has relied upon our expertise in preparing the return from the available records. Neither the Trustee nor our firm have any personal knowledge of any transaction that occurred prior to the Trustee's appointment. However, it is our qualified opinion that this is a complete tax return based on the limited financial information available which was caused by the bankrupt status of the entity. BEDERSON LLP MARCH 2019

Raw XML Appendix150 raw XML fields

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/ExplanationTxt4FOUNDATION FOR IMPROVING PATIENT OUTCOMES (BANKRUPT) FEDERAL IDENTIFICATION NUMBER: 27-3571323 FOR THE YEAR ENDED DECEMBER 31, 2018 We are the Court Appointed Accountants for the Trustee of Foundation for Improving Patient Outcomes (Bankrupt), which filed bankruptcy on June 24, 2016 and is currently under the protection of Chapter 7 of the United States Bankruptcy Code. Due to the bankruptcy and lack of cooperation from the Debtor's Principals, certain key financial records, account analysis, reconciliations, and supporting information that would normally be present were missing or unavailable. We prepared this tax return from the best limited information available; that is, the Debtor's accounting records, the Trustee transactions and the prior tax returns. This return has been filed as a final return including the anticipated distribution of funds currently in the Trustee's possession awaiting court approval. The Trustee, by his signature on the face of this tax return has relied upon our expertise in preparing the return from the available records. Neither the Trustee nor our firm have any personal knowledge of any transaction that occurred prior to the Trustee's appointment. However, it is our qualified opinion that this is a complete tax return based on the limited financial information available which was caused by the bankrupt status of the entity. BEDERSON LLP MARCH 2019
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8 - Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26 - Other Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4ADDENDUM TO FORM 990-EZ
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
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ReturnHeader/TaxPeriodBeginDt02018-01-01
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