Civic Intelligence

Joslin Technologies LLC

990 • Fiscal year 2016 • EIN 36-4695829

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 09, 2017

One Joslin PlaceBoston, MA 02115

(617) 309-2400

Siviq Scores

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

Liabilities / Assets

100th percentile

31.24x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

4.49x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

2nd percentile

-177%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2016

Revenue Growth

81st percentile

30%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2016

Assets

Down

$73,254

Down $563,983 (-89%) from 2015

Net Assets

Down

-$2,215,154

Down $1,051,607 (-90%) from 2015

Liabilities

Up

$2,288,408

Up $487,624 (+27%) from 2015

Revenue

Down

$510,194

Down $904,735 (-64%) from 2015

Expenses

Down

$1,411,802

Down $140,903 (-9.1%) from 2015

Net Income

Down

-$901,608

Down $763,832 (-554%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2014: $53,805Liabilities 2014: $1,081,576Net Assets 2014: -$1,027,7712014Assets 2015: $637,237Liabilities 2015: $1,800,784Net Assets 2015: -$1,163,5472015Assets 2016: $73,254Liabilities 2016: $2,288,408Net Assets 2016: -$2,215,1542016

Highlighted filing

2016

Assets$73,254
Liabilities$2,288,408
Net Assets-$2,215,154

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2014: $302,933Expenses 2014: $1,368,457Net Income 2014: -$1,065,5242014Revenue 2015: $1,414,929Expenses 2015: $1,552,705Net Income 2015: -$137,7762015Revenue 2016: $510,194Expenses 2016: $1,411,802Net Income 2016: -$901,6082016

Highlighted filing

2016

Revenue$510,194
Expenses$1,411,802
Net Income-$901,608
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 9, 2017
Return Version
2015v3.0
Gross Receipts
$510,194
Mission and Program Overview

Mission

Joslin technologies, llc ("the organization") was an intellectual property accelerator. Its sole function was to take significant intellectual property opportunities and develop them on behalf of its sole member, joslin diabetes center, inc. ("jdc").

Joslin technologies, llc ("the organization") is an intellectual property accelerator. Its sole function is to take significant intellectual property opportunities and develop them on behalf of its sole member, joslin diabetes center, inc. ("jdc").

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$45,000$46,190▲ $1,190
Accounts Receivable$587,391$22,218▼ $565,173
Prepaid Expenses and Deferred Charges$4,846$4,846→ $0
Total Assets$637,237$73,254▼ $563,983
Liabilities
Other Liabilities$1,418,210$2,210,909▲ $792,699
Accounts Payable and Accrued Expenses$45,075$40,000▼ $5,075
Deferred Revenue$337,499$37,499▼ $300,000
Total Liabilities$1,800,784$2,288,408▲ $487,624
Net Assets / Fund Balance
Unrestricted Net Assets$-1,163,547$-2,215,154▼ $1,051,607
Total Net Assets Fund Balance$-1,163,547$-2,215,154▼ $1,051,607
Total Liabilities and Net Assets / Fund Balance$637,237$73,254▼ $563,983
Compensation and Service Providers

Employees

NameTitleOtherTotal
Peter AmentaCEO/president$142,966$142,966

Board Members and Trustees

NameTitle
John L Brooks IiiFormer CEO/president
George King MdDirector
Nandan PadukoneDirector
Eliot LurierCFO/treasurer
Maria BuckleyClerk
Ross J MarkelloFormer CFO/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Joslin Diabetes Center INCManagement ServicesONE JOSLIN PLACE, Boston, MA 02115$1,290,210
Revenue and Support

Revenue Composition

Contributions and Grants
$150,000
Program Service Revenue
$360,194
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-901,608

Audited Revenue Reconciliation

Revenue per Audited Statements
$360,194
Revenue Not Reported on Financial Statements
$150,000
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$150,000
Total Revenue per Audited Statements
$360,194
Total Revenue per Form 990
$510,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,411,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,411,802--$1,411,802
Total Functional Expenses$1,411,802$0$0$1,411,802

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,411,802
Expenses per Audited Statements$1,290,210
Total Expenses per Audited Statements$1,290,210
Expenses Not Reported on Financial Statements$121,592
Other Expense Adjustments$121,592
Expenses Not Reported on Form 990$0
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
Due to Joslin Diabetes Center$2,210,909
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Peter amenta, eliot lurier, george king, nandan padukone and maria buckley have a business relationship. Peter amenta serves as ceo and president of joslin diabetes center inc. Eliot lurier serves as cfo and treasurer of joslin diabetes cneter inc. George king serves as chief scientific officer of joslin diabetes center inc. Nandan padukone heads the office of commercialization and ventures of joslin diabetes center inc. Maria buckley serves as general counsel of joslin diabetes center inc.

Form 990, Part VI, Section A, Line 3

Pursuant to a services agreement, joslin diabetes center, inc. Is supervising, directing and controlling the day-to-day business activities, management, administration, and operation of joslin technologies, llc business and assets.

Form 990, Part VI, Section A, Line 6

Joslin technologies, llc has one member, joslin diabetes center, inc. ("the center").

Form 990, Part VI, Section A, Line 7A

Joslin technologies, llc has one member, joslin diabetes center, inc. ("the center"), with the power to appoint and remove members of the governing body.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by members of the fiscal services department for completeness and accuracy. Once reviewed and approved by finance, a copy of the form as it will be filed with the internal revenue service will be reviewed and discussed with the audit committee of the board, and then e-mailed to the board of directors prior to filing.

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

The general counsel's office distributes an annual disclosure form to all officers, trustees and employees annually. The information disclosed is reviewed by the general counsel and, if a potential conflict exists, by the committee as defined below. The disclosure forms of the vice presidents will be reviewed by the general counsel and the president, the disclosure form of the president will be be reviewed by the general counsel and the chair of the board. If a potential conflict is found to exist, the individual shall refrain from active participation in any decision concerning the matter.

Form 990, Part VI, Section C, Line 19

The form 990 and the audited financial statements are available for review at the fiscal services office and the massachusetts attorney general's website. They are also available in an electronic format upon request. The governing documents, conflict of interest policy and the whistleblower policy are available for review at the office of the general counsel or in an electronic format upon request.

FORM 990, PART VI, SECTION B, LINE 15A & 15B:

Joslin technologies, llc does not directly compensate its ceo or any of its other officers. Compensation for these individuals is set by the joslin diabetes center ("the center") following the procedures of the center as outlined below: executive compensation includes the ceo and the senior leadership team. Pay for the ceo is determined by the board. The human resource department provides survey data as requested. Senior leadership team pay is determined by the ceo with survey data provided by hr. Executive compensation is reviewed annually by the compensation committee of the board. In all cases, compensation is determined by independent persons. Individuals are prohibited from active participation in any decisions regarding their own compensation.

FORM 990, PART VI, SECTION B:

Existence of policies the conflict of interest policy, whistleblower policy and document retention policy for the joslin diabetes center are in effect for, and govern, joslin technologies. Regular and consistent monitoring and enforcement of compliance with these policies are managed by the joslin diabetes center.

Filing and Contact Details

Filer

Filer Name
Joslin Technologies LLC
EIN
36-4695829
Phone
6173092400
Address
ONE JOSLIN PLACE, BOSTON, MA 02115

Signing Officer

Name
Maria Buckley
Title
Clerk
Phone
6173092400
Signed
2017-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter S Amenta Md
Formed
2011
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cbiz Tofias
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Craig Klein
Phone
6177610600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Service agreements: program service expenses 1,411,802. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,411,802.

FORM 990, PART XI, LINE 9:

Other adjustments -150,000. Rounding 1.

Financial Statement Notes

PART X, LINE 2:

Joslin, the clinic, and joslin technologies have been recognized by the internal revenue service (irs) as organizations described in internal revenue code (the "code") section 501(c)(3) and, therefore, are exempt from taxation on related income under section 501(a) of the code. The irs has also previously determined that these entities are not private foundations pursuant to section 509(a) of the code. Accordingly, no provision for income taxes has been recorded in the accompanying consolidated financial statements. The center recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition in measurement are reflected in the period in which the change in judgment occurs. The center did not recognize the effect of any income tax position in either 2016 or 2015.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Revenue of disregarded entity 150,000.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Expenses of disregarded entity 121,592.

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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
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0121592
IRS990ScheduleD/ExpensesSubtotalAmt01290210
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0121592
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02210909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO JOSLIN DIABETES CENTER
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0150000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0150000
IRS990ScheduleD/RevenueSubtotalAmt0360194
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0JOSLIN, THE CLINIC, AND JOSLIN TECHNOLOGIES HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS ORGANIZATIONS DESCRIBED IN INTERNAL REVENUE CODE (THE "CODE") SECTION 501(C)(3) AND, THEREFORE, ARE EXEMPT FROM TAXATION ON RELATED INCOME UNDER SECTION 501(A) OF THE CODE. THE IRS HAS ALSO PREVIOUSLY DETERMINED THAT THESE ENTITIES ARE NOT PRIVATE FOUNDATIONS PURSUANT TO SECTION 509(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE CENTER RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION IN MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE CENTER DID NOT RECOGNIZE THE EFFECT OF ANY INCOME TAX POSITION IN EITHER 2016 OR 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE OF DISREGARDED ENTITY 150,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES OF DISREGARDED ENTITY 121,592.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01411802
IRS990ScheduleD/TotalLiabilityAmt02210909
IRS990ScheduleD/TotalRevenuePerForm990Amt0510194
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0360194
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01290210
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0336190
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1256346
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2287946
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3275431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4529798
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017812
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt14621
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt318798
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt420500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt54855
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt030476
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt123233
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt224897
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt317865
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt431159
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt08893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt11636
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt22748
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt32769
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt4229077
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt5242740
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GEORGE KING MD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1NANDAN PADUKONE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2ELIOT LURIER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MARIA BUCKLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4JOHN L BROOKS III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5ROSS J MARKELLO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CFO/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3CLERK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4FORMER CEO/PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5FORMER CFO/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0393371
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1285836
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2315591
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3314863
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4810534
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt5247595
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ROSS J. MARKELLO RECEIVED SEVERANCE PAY IN THE AMOUNT OF $495,190. JOHN L. BROOKS III RECEIVED SEVERANCE PAY IN THE AMOUNT OF $709,155.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1JOSLIN TECHNOLOGIES' TOP MANAGEMENT OFFICIAL AND TOP FINANCIAL OFFICIAL ARE COMPENSATED THROUGH ITS RELATED ORGANIZATION, JOSLIN DIABETES CENTER. THE FOLLOWING IS THE DISCLOSURE AS PRESENTED ON THE JOSLIN DIABETES CENTER'S FORM 990 REGARDING COMPENSATION FOR THE TOP OFFICERS AND THE CEO: EXECUTIVE COMPENSATION INCLUDES THE CEO AND THE SENIOR LEADERSHIP TEAM. PAY FOR THE CEO IS DETERMINED BY THE BOARD. THE HUMAN RESOURCE DEPARTMENT PROVIDES SURVEY DATA AS REQUESTED. SENIOR LEADERSHIP TEAM PAY IS DETERMINED BY THE CEO WITH SURVEY DATA PROVIDED BY HR. EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. IN ALL CASES, COMPENSATION IS DETERMINED BY INDEPENDENT PERSONS. INDIVIDUALS ARE PROHIBITED FROM ACTIVE PARTICIPATION IN ANY DECISIONS REGARDING THEIR OWN COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PETER AMENTA, ELIOT LURIER, GEORGE KING, NANDAN PADUKONE AND MARIA BUCKLEY HAVE A BUSINESS RELATIONSHIP. PETER AMENTA SERVES AS CEO AND PRESIDENT OF JOSLIN DIABETES CENTER INC. ELIOT LURIER SERVES AS CFO AND TREASURER OF JOSLIN DIABETES CNETER INC. GEORGE KING SERVES AS CHIEF SCIENTIFIC OFFICER OF JOSLIN DIABETES CENTER INC. NANDAN PADUKONE HEADS THE OFFICE OF COMMERCIALIZATION AND VENTURES OF JOSLIN DIABETES CENTER INC. MARIA BUCKLEY SERVES AS GENERAL COUNSEL OF JOSLIN DIABETES CENTER INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PURSUANT TO A SERVICES AGREEMENT, JOSLIN DIABETES CENTER, INC. IS SUPERVISING, DIRECTING AND CONTROLLING THE DAY-TO-DAY BUSINESS ACTIVITIES, MANAGEMENT, ADMINISTRATION, AND OPERATION OF JOSLIN TECHNOLOGIES, LLC BUSINESS AND ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JOSLIN TECHNOLOGIES, LLC HAS ONE MEMBER, JOSLIN DIABETES CENTER, INC. ("THE CENTER").
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3JOSLIN TECHNOLOGIES, LLC HAS ONE MEMBER, JOSLIN DIABETES CENTER, INC. ("THE CENTER"), WITH THE POWER TO APPOINT AND REMOVE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED BY MEMBERS OF THE FISCAL SERVICES DEPARTMENT FOR COMPLETENESS AND ACCURACY. ONCE REVIEWED AND APPROVED BY FINANCE, A COPY OF THE FORM AS IT WILL BE FILED WITH THE INTERNAL REVENUE SERVICE WILL BE REVIEWED AND DISCUSSED WITH THE AUDIT COMMITTEE OF THE BOARD, AND THEN E-MAILED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GENERAL COUNSEL'S OFFICE DISTRIBUTES AN ANNUAL DISCLOSURE FORM TO ALL OFFICERS, TRUSTEES AND EMPLOYEES ANNUALLY. THE INFORMATION DISCLOSED IS REVIEWED BY THE GENERAL COUNSEL AND, IF A POTENTIAL CONFLICT EXISTS, BY THE COMMITTEE AS DEFINED BELOW. THE DISCLOSURE FORMS OF THE VICE PRESIDENTS WILL BE REVIEWED BY THE GENERAL COUNSEL AND THE PRESIDENT, THE DISCLOSURE FORM OF THE PRESIDENT WILL BE BE REVIEWED BY THE GENERAL COUNSEL AND THE CHAIR OF THE BOARD. IF A POTENTIAL CONFLICT IS FOUND TO EXIST, THE INDIVIDUAL SHALL REFRAIN FROM ACTIVE PARTICIPATION IN ANY DECISION CONCERNING THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW AT THE FISCAL SERVICES OFFICE AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THEY ARE ALSO AVAILABLE IN AN ELECTRONIC FORMAT UPON REQUEST. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE WHISTLEBLOWER POLICY ARE AVAILABLE FOR REVIEW AT THE OFFICE OF THE GENERAL COUNSEL OR IN AN ELECTRONIC FORMAT UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7JOSLIN TECHNOLOGIES, LLC DOES NOT DIRECTLY COMPENSATE ITS CEO OR ANY OF ITS OTHER OFFICERS. COMPENSATION FOR THESE INDIVIDUALS IS SET BY THE JOSLIN DIABETES CENTER ("THE CENTER") FOLLOWING THE PROCEDURES OF THE CENTER AS OUTLINED BELOW: EXECUTIVE COMPENSATION INCLUDES THE CEO AND THE SENIOR LEADERSHIP TEAM. PAY FOR THE CEO IS DETERMINED BY THE BOARD. THE HUMAN RESOURCE DEPARTMENT PROVIDES SURVEY DATA AS REQUESTED. SENIOR LEADERSHIP TEAM PAY IS DETERMINED BY THE CEO WITH SURVEY DATA PROVIDED BY HR. EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. IN ALL CASES, COMPENSATION IS DETERMINED BY INDEPENDENT PERSONS. INDIVIDUALS ARE PROHIBITED FROM ACTIVE PARTICIPATION IN ANY DECISIONS REGARDING THEIR OWN COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EXISTENCE OF POLICIES THE CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY AND DOCUMENT RETENTION POLICY FOR THE JOSLIN DIABETES CENTER ARE IN EFFECT FOR, AND GOVERN, JOSLIN TECHNOLOGIES. REGULAR AND CONSISTENT MONITORING AND ENFORCEMENT OF COMPLIANCE WITH THESE POLICIES ARE MANAGED BY THE JOSLIN DIABETES CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9SERVICE AGREEMENTS: PROGRAM SERVICE EXPENSES 1,411,802. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,411,802.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10OTHER ADJUSTMENTS -150,000. ROUNDING 1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 15A & 15B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00

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