Civic Intelligence

The Perry Initiative

990 • Fiscal year 2018 • EIN 27-3728166

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

130 Academy St Spencer Lab Room 126Newark, DE 19716

(302) 319-1113

Siviq Scores

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

Liabilities / Assets

76th percentile

0.07x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

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

Net Margin

80th percentile

25%

Higher net margin than 80% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$49,669

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

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

Asset Growth

75th percentile

24%

Faster asset growth than 75% of similar nonprofits.

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

Revenue Growth

52nd percentile

2.5%

Faster revenue growth than 52% of similar nonprofits.

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

Assets

Up

$435,699

Up $85,196 (+24%) from 2017

Net Assets

Up

$403,908

Up $100,467 (+33%) from 2017

Liabilities

Down

$31,791

Down $15,271 (-32%) from 2017

Revenue

Up

$409,361

Up $10,130 (+2.5%) from 2017

Expenses

Down

$308,894

Down $9,530 (-3.0%) from 2017

Net Income

Up

$100,467

Up $19,660 (+24%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $100,475Liabilities 2013: $7,562Net Assets 2013: $92,9132013Assets 2014: $153,342Liabilities 2014: $10,735Net Assets 2014: $142,6072014Assets 2015: $208,477Liabilities 2015: $7,183Net Assets 2015: $201,2942015Assets 2016: $224,552Liabilities 2016: $1,918Net Assets 2016: $222,6342016Assets 2017: $350,503Liabilities 2017: $47,062Net Assets 2017: $303,4412017Assets 2018: $435,699Liabilities 2018: $31,791Net Assets 2018: $403,9082018Assets 2019: $489,509Liabilities 2019: $28,554Net Assets 2019: $460,9552019Assets 2021: $314,100Liabilities 2021: $11,453Net Assets 2021: $302,6472021Assets 2022: $376,087Liabilities 2022: $11,457Net Assets 2022: $364,6302022Assets 2024: $586,746Liabilities 2024: $5,624Net Assets 2024: $581,1222024

Highlighted filing

2018

Assets$435,699
Liabilities$31,791
Net Assets$403,908

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $208,948Expenses 2013: $209,032Net Income 2013: -$842013Revenue 2014: $288,866Expenses 2014: $248,650Net Income 2014: $40,2162014Revenue 2015: $303,715Expenses 2015: $245,028Net Income 2015: $58,6872015Revenue 2016: $273,031Expenses 2016: $251,592Net Income 2016: $21,4392016Revenue 2017: $399,231Expenses 2017: $318,424Net Income 2017: $80,8072017Revenue 2018: $409,361Expenses 2018: $308,894Net Income 2018: $100,4672018Revenue 2019: $416,086Expenses 2019: $354,039Net Income 2019: $62,0472019Revenue 2021: $173,133Expenses 2021: $252,114Net Income 2021: -$78,9812021Revenue 2022: $486,757Expenses 2022: $383,410Net Income 2022: $103,3472022Revenue 2024: $590,154Expenses 2024: $505,941Net Income 2024: $84,2132024

Highlighted filing

2018

Revenue$409,361
Expenses$308,894
Net Income$100,467
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.0
Gross Receipts
$409,361
Mission and Program Overview

Mission

The Perry Initiative was formed to promote the advancement of women in orthopaedic surgery and engineering through mentorship, strategic research and advocacy, and community outreach. The Perry Initiative strives to develop future leaders in the fields of Orthopaedic Surgery and Engineering.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$272,668$298,031▲ $25,363
Accounts Receivable$13,416$65,345▲ $51,929
Savings and Temporary Cash Investments$45,815$51,544▲ $5,729
Pledges and Grants Receivable$11,165$12,903▲ $1,738
Prepaid Expenses and Deferred Charges$7,439$7,876▲ $437
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$350,503$435,699▲ $85,196
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$47,062$31,791▼ $15,271
Total Liabilities$47,062$31,791▼ $15,271
Net Assets / Fund Balance
Unrestricted Net Assets$303,441$403,908▲ $100,467
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$303,441$403,908▲ $100,467
Total Liabilities and Net Assets / Fund Balance$350,503$435,699▲ $85,196
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laurie Meszaros Dearolf PhDExecutive Director & CEOFT$49,669$49,669

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$239,183
Program Service Revenue
$160,499
Investment Income
$4,529
Other Revenue
$5,150
All Other Contributions
$239,183
Change in Net Assets
$100,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$215,089
Salaries, Compensation, and Employee Benefits$93,805
Total Fundraising Expense$17,790
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$114,824$0$0$114,824
Travel$55,672$0$0$55,672
Current Officers, Directors, Trustees, and Key Employees$43,226$3,384$7,543$54,153
Other Salaries and Wages$30,079$0$0$30,079
Fees for Services Accounting$1,842$10,398$0$12,240
Fees for Services Other$11,276$0$0$11,276
Information Technology$2,434$59$8,525$11,018
Payroll Taxes$5,925$296$622$6,843
Office Expenses$4,621$1,116$455$6,192
Insurance$3,298$193$376$3,867
Pension Plan Contributions$1,688$102$196$1,986
Other Employee Benefits$633$38$73$744
Total Functional Expenses$275,518$15,586$17,790$308,894
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$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

The Perry Initiative hired a paid preparer to work with the organization and its bookkeeper to prepare the Form 990. A copy of the Form 990 is provided to all Board members prior to filing.

Form 990, Part VI, Section B, Line 12C

The members of the Board and employees of Perry Initiative are required to identify any conflicts of interest at least annually, and to follow the organization's Conflict of Interest policy when required.

Form 990, Part VI, Section B, Line 15

Reports and Data for Non profit salary was used to determine appropriate compensation for Executive Director and Program Coordinator

Form 990, Part VI, Section C, Line 19

The Perry Initiative makes its governing documents, conflict of interest policy, and financial statements available to the public upon reasonable request.

Filing and Contact Details

Filer

Filer Name
The Perry Initiative
EIN
27-3728166
Phone
3023191113
Address
130 Academy St Spencer Lab Room 126, Newark, DE 19716

Signing Officer

Name
Laurie Meszaros Dearolf
Title
Executive Director
Phone
3023191113
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Meszaros Dearolf
Formed
2010
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
400

Preparer

Firm
Shining Star Consulting LLC
Address
2320 Oak St, Berkeley, CA 94708
Preparer
Monte Meyers
Phone
5105417421
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IRS990/Desc0The Perry Initiative is a non-profit organization that inspires young women to pursue careers in orthopaedics through day-long outreach programs, (Perry Outreach Program - POP) for high school students and for first and second year medical students (Medical Student Outreach Program - MSOP). Both POP and MSOP feature laboratory-based workshops that introduce surgical and engineering skills along with small-group mentoring from prominent women surgeons, biomedical engineers, and business professionals in orthopaedics Program evaluation results indicate that both POP and MSOP are effective in building the pipeline for women in the orthopaedics workforce. Follow up studies have shown that 85% of POP alumnae are pursuing STEM majors at the college level, with 25% in engineering and 60% in the biosciences. The MSOP has had a similar positive effect on first and second year medical students' intentions to pursue careers in orthopaedics. After participating in the program, 90% of the students who were initially undecided on a specialty, 100% of those initially considering another specialty, and 96% of those who were initially considering orthopaedic surgery indicated that they were now considering or strongly considering applying to orthopaedic surgery residency programs.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Lisa Lattanza MD
IRS990/Form990PartVIISectionAGrp/PersonNm1Jenni Buckley PhD
IRS990/Form990PartVIISectionAGrp/PersonNm2Kathy Coyner MD
IRS990/Form990PartVIISectionAGrp/PersonNm3Thomas Buchanan PhD
IRS990/Form990PartVIISectionAGrp/PersonNm4Judy D'Amico
IRS990/Form990PartVIISectionAGrp/PersonNm5Dawn Elliott PhD
IRS990/Form990PartVIISectionAGrp/PersonNm6Sommer Hammoud MD
IRS990/Form990PartVIISectionAGrp/PersonNm7Amy Ladd MD
IRS990/Form990PartVIISectionAGrp/PersonNm8Mary O'Connor MD
IRS990/Form990PartVIISectionAGrp/PersonNm9Ann Van Heest MD
IRS990/Form990PartVIISectionAGrp/PersonNm10Laurie Meszaros Dearolf PhD
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt030079
IRS990/OtherSalariesAndWagesGrp/TotalAmt030079
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0622
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0296
IRS990/PayrollTaxesGrp/ProgramServicesAmt05925
IRS990/PayrollTaxesGrp/TotalAmt06843
IRS990/PensionPlanContributionsGrp/FundraisingAmt0196
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0102
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01688
IRS990/PensionPlanContributionsGrp/TotalAmt01986
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt011165
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt012903
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07439
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07876
IRS990/PrincipalOfficerNm0Laurie Meszaros Dearolf
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Program fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0160499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0160499
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0Orthopaedics In Action (OIA) is unique, hands-on curriculum for middle and high school STEM classrooms that features real-world challenges from orthopaedic surgery and biomedical engineering. We developed this curriculum in response to the overwhelming requests from our educator partners for Perry Outreach Program-themed curriculum that they can use directly in their classrooms
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt041105
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0309073
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0612
IRS990/PYOtherExpensesAmt0220714
IRS990/PYOtherRevenueAmt04209
IRS990/PYProgramServiceRevenueAmt085337
IRS990/PYRevenuesLessExpensesAmt080807
IRS990/PYSalariesCompEmpBnftPaidAmt097710
IRS990/PYTotalExpensesAmt0318424
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0399231
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0100467
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0157499
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt05150
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt05150
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt045815
IRS990/SavingsAndTempCashInvstGrp/EOYAmt051544
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0286933
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0334173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0101499
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0207092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0288866
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01218563
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04529
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0612
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01123
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06266
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62465
IRS990ScheduleA/PublicSupportPY170Pct00.70978
IRS990ScheduleA/PublicSupportTotal170Amt0765093
IRS990ScheduleA/SubstantialContributorsTotAmt0453470
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0286933
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0334173
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0101499
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0207092
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0288866
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01218563
IRS990ScheduleA/TotalSupportAmt01224829
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Perry Initiative hired a paid preparer to work with the organization and its bookkeeper to prepare the Form 990. A copy of the Form 990 is provided to all Board members prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members of the Board and employees of Perry Initiative are required to identify any conflicts of interest at least annually, and to follow the organization's Conflict of Interest policy when required.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reports and Data for Non profit salary was used to determine appropriate compensation for Executive Director and Program Coordinator
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Perry Initiative makes its governing documents, conflict of interest policy, and financial statements available to the public upon reasonable request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c

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