Civic Intelligence

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

990EZ • Fiscal year 2016 • EIN 27-3571323

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 12, 2017

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

100th percentile

81.89x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

3.88x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

3rd percentile

-93%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-85%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,705

Down $35,452 (-93%) from 2015

Net Assets

Up

-$218,813

Up $18,163 (+7.7%) from 2015

Liabilities

Down

$221,518

Down $53,615 (-19%) from 2015

Revenue

Down

$57,104

Down $311,311 (-85%) from 2015

Expenses

Down

$38,941

Down $330,251 (-89%) from 2015

Net Income

Up

$18,163

Up $18,940 (+2438%) from 2015

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: -$221,8132017

Highlighted filing

2016

Assets$2,705
Liabilities$221,518
Net Assets-$218,813

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: -$3,0002017

Highlighted filing

2016

Revenue$57,104
Expenses$38,941
Net Income$18,163
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 12, 2017
Return Version
2016v3.0
Gross Receipts
$57,104
Mission and Program Overview

Mission

Improving the quality of medical care

Improving the outcome of medical care

Program Services

DescriptionGrantsExpenses
NONE, ORGANIZATION FILED BANKRUPTCY DURING CURRENT YEAR$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PAUL GERSHDirectorPT$0--
ALI GERSHVP Of OperationsPT$0--
DR TIM AVRECHBoard Member-$0--
MICHAEL LERNERBoard Member-$0--
WARREN BECKMANVP Of ProductionPT$0--
KELLIE GERSHAdministratorPT$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 Trustee
Title
Trustee
Phone
9737319393
Signed
2017-07-12
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 14

Description: Depreciation. Amount: 15,562. Description: Other Expenses. Amount: 19,191. Total to Form 990-EZ, line 14: 34,753.

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

Description: WEBSITE EXPENSES. Amount: 110. Description: OFFICE EXPENSES. Amount: 805. Description: ADVERTISING AND PROMOTION. Amount: 110. Description: BANK FEES. Amount: 275. Description: MERCHANT FEES. Amount: 611. Description: INTEREST EXPENSE. Amount: 2,177. Total to Form 990-EZ, line 16: 4,088.

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

Description: PREPAID INSURANCE. Beg. of Year Amount: 1,704. End of Year Amount: 1,704. Description: LEASE DEPOSIT. Beg. of Year Amount: 19,191. End of Year Amount: 0. Description: Other Depreciable Assets. Beg. of Year Amount: 16,511. End of Year Amount: 948.

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

Description: ACCOUNTS PAYABLE. Beg. of Year Amount: 78,344. End of Year Amount: 78,562. Description: DEFERRED SALARY. Beg. of Year Amount: 142,956. End of Year Amount: 142,956. Description: NOTE PAYABLE - PAUL GERSH. Beg. of Year Amount: 53,833. End of Year Amount: 0.

Addendum to Form 990-ez

FOUNDATION FOR IMPROVING PATIENT OUTCOMES (BANKRUPT) FEDERAL IDENTIFICATION NUMBER: 27-3571323 FOR THE YEAR ENDED DECEMBER 31, 2016 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 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 information available; that is, the Debtor's available records and the Debtor's prior tax returns. The period from January 1, 2016 through June 24, 2016 predates the appointment of the Trustee. Neither the Trustee nor our firm have any personal knowledge of any transaction that occurred prior to the Trustee's appointment. 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. However, it is our qualified opinion that these is a complete tax return based on the limited financial information available which was caused by the bankrupt status of the entity. BEDERSON LLP JULY 2017

Raw XML Appendix181 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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IRS990EZ/OperateHospitalInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Depreciation. Amount: 15,562. Description: Other Expenses. Amount: 19,191. Total to Form 990-EZ, line 14: 34,753.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: WEBSITE EXPENSES. Amount: 110. Description: OFFICE EXPENSES. Amount: 805. Description: ADVERTISING AND PROMOTION. Amount: 110. Description: BANK FEES. Amount: 275. Description: MERCHANT FEES. Amount: 611. Description: INTEREST EXPENSE. Amount: 2,177. Total to Form 990-EZ, line 16: 4,088.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: PREPAID INSURANCE. Beg. of Year Amount: 1,704. End of Year Amount: 1,704. Description: LEASE DEPOSIT. Beg. of Year Amount: 19,191. End of Year Amount: 0. Description: Other Depreciable Assets. Beg. of Year Amount: 16,511. End of Year Amount: 948.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: ACCOUNTS PAYABLE. Beg. of Year Amount: 78,344. End of Year Amount: 78,562. Description: DEFERRED SALARY. Beg. of Year Amount: 142,956. End of Year Amount: 142,956. Description: NOTE PAYABLE - PAUL GERSH. Beg. of Year Amount: 53,833. End of Year Amount: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOUNDATION FOR IMPROVING PATIENT OUTCOMES (BANKRUPT) FEDERAL IDENTIFICATION NUMBER: 27-3571323 FOR THE YEAR ENDED DECEMBER 31, 2016 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 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 information available; that is, the Debtor's available records and the Debtor's prior tax returns. The period from January 1, 2016 through June 24, 2016 predates the appointment of the Trustee. Neither the Trustee nor our firm have any personal knowledge of any transaction that occurred prior to the Trustee's appointment. 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. However, it is our qualified opinion that these is a complete tax return based on the limited financial information available which was caused by the bankrupt status of the entity. BEDERSON LLP JULY 2017
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 14
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.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BENJAMIN STANZIALE ESQ TRUSTEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09737319393
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FOUNDATION FOR IMPROVING PATIENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OUTCOMES(BANKRUPT) C/O B STANZIALE ESQ
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0273571323
ReturnHeader/Filer/PhoneNum09737319393
ReturnHeader/Filer/USAddress/AddressLine1Txt029 NORTHFIELD AVENUE No 201
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ReturnHeader/FilingSecurityInformation/IPDt02017-07-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:29:34
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEDERSON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0347 MT PLEASANT AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST ORANGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007052
ReturnHeader/PreparerPersonGrp/PhoneNum09735309140
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY J KING
ReturnHeader/ReturnTs02017-07-21T11:07:39-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits