Civic Intelligence

The Mpn Research Foundation

990 • Fiscal year 2015 • EIN 36-4330967

Dec 01, 2014 to Nov 30, 2015 • Filed on Jun 15, 2016

180 N Michigan Avenue No 1870Chicago, IL 60601

(312) 683-7228

Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.32x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

80th percentile

21%

Higher net margin than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$2,084,483

No earlier filing loaded for comparison.

Net Assets

$1,459,541

No earlier filing loaded for comparison.

Liabilities

$624,942

No earlier filing loaded for comparison.

Revenue

$1,946,135

No earlier filing loaded for comparison.

Expenses

$1,540,613

No earlier filing loaded for comparison.

Net Income

$405,522

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2015: $2,084,483Liabilities 2015: $624,942Net Assets 2015: $1,459,5412015Assets 2016: $1,947,414Liabilities 2016: $471,373Net Assets 2016: $1,476,0412016Assets 2017: $2,803,592Liabilities 2017: $978,015Net Assets 2017: $1,825,5772017Assets 2018: $2,486,823Liabilities 2018: $1,043,478Net Assets 2018: $1,443,3452018Assets 2019: $2,962,922Liabilities 2019: $1,230,187Net Assets 2019: $1,732,7352019Assets 2021: $7,764,367Liabilities 2021: $620,380Net Assets 2021: $7,143,9872021Assets 2024: $8,023,668Liabilities 2024: $1,254,351Net Assets 2024: $6,769,3172024

Highlighted filing

2015

Assets$2,084,483
Liabilities$624,942
Net Assets$1,459,541

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $1,946,135Expenses 2015: $1,540,613Net Income 2015: $405,5222015Revenue 2016: $1,404,354Expenses 2016: $1,382,279Net Income 2016: $22,0752016Revenue 2017: $2,276,946Expenses 2017: $1,929,928Net Income 2017: $347,0182017Revenue 2018: $2,131,330Expenses 2018: $2,523,801Net Income 2018: -$392,4712018Revenue 2019: $2,852,541Expenses 2019: $2,571,486Net Income 2019: $281,0552019Revenue 2021: $2,570,885Expenses 2021: $2,009,109Net Income 2021: $561,7762021Revenue 2024: $3,585,445Expenses 2024: $3,761,976Net Income 2024: -$176,5312024

Highlighted filing

2015

Revenue$1,946,135
Expenses$1,540,613
Net Income$405,522
Jump To
Filing Snapshot
Filing Period
Dec 1, 2014 to Nov 30, 2015
Signed
Jun 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,946,135
Mission and Program Overview

Mission

The primary misson of mpn research foundation is to promote, fund and support the most innovative and effective research into the causes, treatments, and potentially the cure for et, pv, and mf.

To promote, fund, and support research into causes, treatments and cure for et,pv and mf.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$823,427$1,136,737▲ $313,310
Savings and Temporary Cash Investments$704,687$606,193▼ $98,494
Pledges and Grants Receivable$49,439$176,609▲ $127,170
Cash and Non-Interest-Bearing Accounts$255,710$144,265▼ $111,445
Land, Buildings, and Equipment, Net$7,208$10,844▲ $3,636
Prepaid Expenses and Deferred Charges$9,833$6,635▼ $3,198
Total Assets$1,853,504$2,084,483▲ $230,979
Other Assets Total$3,200$3,200→ $0
Liabilities
Grants Payable$775,000$598,617▼ $176,383
Accounts Payable and Accrued Expenses$20,116$23,583▲ $3,467
Other Liabilities$4,369$2,742▼ $1,627
Total Liabilities$799,485$624,942▼ $174,543
Net Assets / Fund Balance
Unrestricted Net Assets$386,791$992,231▲ $605,440
Temporarily Rstr Net Assets$667,228$467,310▼ $199,918
Total Net Assets Fund Balance$1,054,019$1,459,541▲ $405,522
Total Liabilities and Net Assets / Fund Balance$1,853,504$2,084,483▲ $230,979

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,844$21,472$32,316
Other Securities$1,136,737--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert RosenChairman
Barbara Van HusenPresident
Felisse SigurdsonVice President
Bruce SeideDirector
David RicciDirector
Ed OgunroDirector
Jeff ShierDirector
Jen BealerDirector
Molly GuyDirector
Pam MurphyDirector
Rob HorwitzDirector
Robert CohenDirector
Sam KlepperDirector
Stephanie CindricDirector
Joann MasonSecretary
David BouleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,939,286
Program Service Revenue
$0
Investment Income
$6,849
Other Revenue
$0
All Other Contributions
$1,939,286
Change in Net Assets
$405,522

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,946,135
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$118,450
Total Revenue per Audited Statements
$2,064,585
Total Revenue per Form 990
$1,946,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$798,167
Other Expenses$493,438
Salaries, Compensation, and Employee Benefits$249,008
Total Fundraising Expense$178,828
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$798,167--$798,167
Other Salaries and Wages$101,123$57,734$90,151$249,008
Advertising$68,310$199$27,051$95,560
Fees for Services Other$42,869$27,758-$70,627
Occupancy$37,732$12,953$10,527$61,212
All Other Expenses$5,125$20,201$12,636$37,962
Travel$14,565$3,038$12,479$30,082
Other Expenses$14,607$6,130$8,723$29,460
Insurance-$13,374-$13,374
Office Expenses$1,228$7,564$209$9,001
Depreciation Depletion-$2,839-$2,839
Total Functional Expenses$1,202,171$159,614$178,828$1,540,613

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,659,063
Expenses per Audited Statements$1,540,613
Total Expenses per Form 990$1,540,613
Expenses Not Reported on Form 990$118,450
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
BOSTON CHILDREN'S HOSPITALBoston, MA501c3Mpn Research$100,000
Northwestern UniversityChicago, IL501c3Mpn Research$100,000
Indiana UniversityBloomington, IN501c3Mpn Research$75,000
Boston UniversityBoston, MA501c3Mpn Research$56,000
Harvard Medical SchoolBoston, MA501c3Mpn Research$50,000
Icahn School of Medicine at Mount SinaiNew York, NY501c3Mpn Research$50,000
The John Hopkins UniversityCbaltimore, MD501c3Mpn Research$50,000
University of Illinois at ChicagoChicago, IL501c3Mpn Research$50,000

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Rent Abatement Liability$2,742
Governance and Compliance

Governance Checklist

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

The board of directors reviews and approves form 990 after it is first reviewed by the finance/audit committee.

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

On an annual basis, board members are required to notify the organization of any conflicts or possible conflicts of interest. All board members are required to file an annual conflict of interest statement

Form 990, Part VI, Section B, Line 15

An annual review is performed for salaries of personnel by the board of directors, including information on comparable salaries for similar organizations and local market factors.

Form 990, Part VI, Section C, Line 19

Documents are available on the organization's website, through charity navigator, and guidestar.

Filing and Contact Details

Filer

Filer Name
The Mpn Research Foundation Co Robert Rosen
EIN
36-4330967
Phone
3126837228
Address
180 N MICHIGAN AVENUE NO 1870, CHICAGO, IL 60601

Signing Officer

Name
Michelle Woehrle
Title
Executive Director
Phone
3126837228
Signed
2016-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Van Husen
Formed
1999
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
4
Volunteers
0

Preparer

Firm
Sassetti LLC
Address
6611 NORTH AVENUE, OAK PARK, IL 60302
Preparer
Jeff Schroeder
Phone
7083861433
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has a financial advisory committee. There was no change from the prior year.

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IRS990/MissionDesc0THE PRIMARY MISSON OF MPN RESEARCH FOUNDATION IS TO PROMOTE, FUND AND SUPPORT THE MOST INNOVATIVE AND EFFECTIVE RESEARCH INTO THE CAUSES, TREATMENTS, AND POTENTIALLY THE CURE FOR ET, PV, AND MF.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt01228
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MEETINGS
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IRS990/OtherExpensesGrp/Desc3POSTAGE
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0101123
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PrincipalOfficerNm0BARBARA VAN HUSEN
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportOtherLiabilitiesInd01
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/ExpensesSubtotalAmt01540613
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02742
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENT ABATEMENT LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01136737
IRS990ScheduleD/OtherSecuritiesGrp/Desc0UNITED STATES TREASURY BILLS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0118450
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt010844
IRS990ScheduleD/TotalBookValueSecuritiesAmt01136737
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IRS990ScheduleD/TotalRevenuePerForm990Amt01946135
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02064585
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IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt068000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0MPN RESEARCH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0CASH
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IRS990ScheduleF/Total501c3OrgCnt00

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