Civic Intelligence

Pkd Foundation

990 • Fiscal year 2022 • EIN 43-1266906

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

1001 E 101ST TER Suite 220Kansas City, MO 64131

(816) 931-2600

Siviq Scores

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

Liabilities / Assets

16th percentile

0.02x

Higher debt load relative to assets than 16% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

11th percentile

0.03x

Higher debt load relative to revenue than 11% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

92nd percentile

60%

Higher net margin than 92% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

68th percentile

$340,271

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

83rd percentile

21%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

106%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$31,113,409

Up $5,419,870 (+21%) from 2021

Net Assets

Up

$30,492,785

Up $7,943,116 (+35%) from 2021

Liabilities

Down

$620,624

Down $2,523,246 (-80%) from 2021

Revenue

Up

$18,472,948

Up $9,518,227 (+106%) from 2021

Expenses

Up

$7,358,317

Up $543,681 (+8.0%) from 2021

Net Income

Up

$11,114,631

Up $8,974,546 (+419%) from 2021

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $2,390,354Liabilities 2011: $716,250Net Assets 2011: $1,674,1042011Assets 2012: $2,409,330Liabilities 2012: $598,488Net Assets 2012: $1,810,8422012Assets 2013: $4,726,619Liabilities 2013: $332,038Net Assets 2013: $4,394,5812013Assets 2014: $5,023,924Liabilities 2014: $500,993Net Assets 2014: $4,522,9312014Assets 2015: $6,476,331Liabilities 2015: $941,887Net Assets 2015: $5,534,4442015Assets 2016: $5,695,290Liabilities 2016: $855,835Net Assets 2016: $4,839,4552016Assets 2017: $5,218,772Liabilities 2017: $503,054Net Assets 2017: $4,715,7182017Assets 2018: $11,398,154Liabilities 2018: $1,354,476Net Assets 2018: $10,043,6782018Assets 2019: $10,606,466Liabilities 2019: $1,852,410Net Assets 2019: $8,754,0562019Assets 2020: $20,909,832Liabilities 2020: $3,109,449Net Assets 2020: $17,800,3832020Assets 2021: $25,693,539Liabilities 2021: $3,143,870Net Assets 2021: $22,549,6692021Assets 2022: $31,113,409Liabilities 2022: $620,624Net Assets 2022: $30,492,7852022Assets 2023: $33,103,416Liabilities 2023: $662,475Net Assets 2023: $32,440,9412023

Highlighted filing

2022

Assets$31,113,409
Liabilities$620,624
Net Assets$30,492,785

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $8,308,4962011Expenses 2012: $6,931,1072012Expenses 2013: $6,421,8062013Revenue 2014: $6,902,898Expenses 2014: $6,774,548Net Income 2014: $128,3502014Revenue 2015: $7,507,779Expenses 2015: $6,496,266Net Income 2015: $1,011,5132015Revenue 2016: $5,868,967Expenses 2016: $6,630,190Net Income 2016: -$761,2232016Revenue 2017: $5,788,558Expenses 2017: $6,120,336Net Income 2017: -$331,7782017Revenue 2018: $12,950,845Expenses 2018: $7,731,213Net Income 2018: $5,219,6322018Revenue 2019: $6,759,603Expenses 2019: $8,169,957Net Income 2019: -$1,410,3542019Revenue 2020: $16,124,449Expenses 2020: $7,241,943Net Income 2020: $8,882,5062020Revenue 2021: $8,954,721Expenses 2021: $6,814,636Net Income 2021: $2,140,0852021Revenue 2022: $18,472,948Expenses 2022: $7,358,317Net Income 2022: $11,114,6312022Revenue 2023: $10,283,998Expenses 2023: $9,075,142Net Income 2023: $1,208,8562023

Highlighted filing

2022

Revenue$18,472,948
Expenses$7,358,317
Net Income$11,114,631
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$21,997,198
Mission and Program Overview

Mission

We give hope. We fund research, advocate for patients, and build a community for all impacted by pkd.

Promote programs of research and education to discover treatments and a cure for pkd.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,716,498$16,803,248▼ $1,913,250
Savings and Temporary Cash Investments$2,174,666$7,462,786▲ $5,288,120
Pledges and Grants Receivable$1,256,047$5,179,319▲ $3,923,272
Cash and Non-Interest-Bearing Accounts$1,842,740$920,093▼ $922,647
Land, Buildings, and Equipment, Net$477,856$310,207▼ $167,649
Prepaid Expenses and Deferred Charges$274,717$275,895▲ $1,178
Accounts Receivable$78,387$146,328▲ $67,941
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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$25,693,539$31,113,409▲ $5,419,870
Other Assets Total$872,628$15,533▼ $857,095
Liabilities
Unsecured Notes Loans Payable$483,385$0▼ $483,385
Accounts Payable and Accrued Expenses$316,820$464,465▲ $147,645
Grants Payable$300,000$0▼ $300,000
Other Liabilities$241,060$154,752▼ $86,308
Deferred Revenue$1,802,605$1,407▼ $1,801,198
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,143,870$620,624▼ $2,523,246
Net Assets / Fund Balance
Net Assets With Donor Restrictions$16,286,764$16,409,236▲ $122,472
Net Assets Without Donor Restrictions$6,262,905$14,083,549▲ $7,820,644
Total Net Assets Fund Balance$22,549,669$30,492,785▲ $7,943,116
Total Liabilities and Net Assets / Fund Balance$25,693,539$31,113,409▲ $5,419,870

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$310,207$575,023$885,230

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$18,972,089$1,081,064▼ $2,726,381$115,136$17,101,843
2020$14,598,334$569,425▲ $3,894,361-$18,972,089
2019$4,597,077$9,642,300▲ $399,614-$14,598,334
2018$4,079,744$409,814▲ $276,814$148,064$4,597,077
2017$2,960,433$1,021,831▲ $222,220$108,000$4,079,744
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew BettsChief Executive OfficerFT$252,341$87,930$340,271
Christopher RusconiChief Research OfficerFT$191,900$76,190$268,090
Chad IsemanChief Advancement OfficerFT$173,760$64,948$238,708
Shanna EiklenborgSenior Dir.-education & EventsFT$109,155$24,641$133,796
Susan DeremerDirector of Leadership GiftsFT$105,346$24,016$129,362
Carmen GleasonChief Operations OfficerFT$90,167$19,792$109,959
Michael MrugDirector-$77,975-$77,975

Board Members and Trustees

NameTitle
Bev BensonDirector/past Chair
Navin ManglaniDirector/vice Chair
Ashley BrownDirector
Julie MarshallDirector
Katherine DellDirector
Paula HutchinsonDirector
Rob RothDirector
Stu CaplanDirector
Amy OmennDirector/secretary
Chris WessDirector/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
ManifestMagazine Publication228 E 45TH STREET 7TH FLOOR, New York, NY 10017$207,525
Revenue and Support

Revenue Composition

Contributions and Grants
$18,319,682
Program Service Revenue
$0
Investment Income
$285,943
Other Revenue
$-132,677
All Other Contributions
$15,733,839
Change in Net Assets
$11,114,631

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded20$2,467,529Fair Market Value
Cars and Other Vehicles15$34,900Fair Market Value
Total Noncash Contributions35$2,502,429-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,472,948
Revenue Not Reported on Form 990
$-2,524,342
Total Revenue per Audited Statements
$15,948,606
Total Revenue per Form 990
$18,472,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,325,422
Other Expenses$2,058,513
Grants and Similar Amounts Paid$1,898,465
Total Fundraising Expense$943,027
Professional Fundraising Fees$75,917

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,157,129$311,219$172,149$1,640,497
Grants to Domestic Orgs$1,608,465--$1,608,465
Current Officers, Directors, Trustees, and Key Employees$446,268$107,903$203,213$757,384
Advertising$353,414$25,333$135,135$513,882
Other Employee Benefits$326,136$85,251$76,350$487,737
Fees for Services Other$257,208$18,437$35,773$311,418
Information Technology$181,315$47,395$42,446$271,156
Foreign Grants$240,000--$240,000
Occupancy$126,597$50,273$62,758$239,628
Payroll Taxes$149,483$39,074$34,995$223,552
Pension Plan Contributions$144,602$37,798$33,852$216,252
Depreciation Depletion$159,344$23,518$18,979$201,841
Fees for Services Lobbying$174,062--$174,062
Travel$62,467$16,329$14,624$93,420
Fees for Services Professional Fundraising--$75,917$75,917
Office Expenses$47,824$12,502$11,196$71,522
Grants to Domestic Individuals$50,000--$50,000
Fees for Services Legal$2,069$42,925-$44,994
Fees for Services Accounting-$39,005-$39,005
Insurance$16,919$5,569$6,081$28,569
Conferences and Meetings$15,551$4,065$3,640$23,256
Other Expenses$5,632$1,474$1,318$8,424
Interest$2,835$741$664$4,240
Total Functional Expenses$5,534,456$880,834$943,027$7,358,317

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,005,490
Expenses per Audited Statements$7,358,317
Total Expenses per Form 990$7,358,317
Expenses Not Reported on Form 990$647,173
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Colorado DenverDenver, CO501(c)(3)Investigator Grant / Drug Repurposing$190,000
University of Kansas Medical Center Research InstKansas City, KS501(c)(3)Investigator Grant$160,000
Yale UniversityNew Haven, CT501(c)(3)Investigator Grant / Fellowship Grant$140,000
Mayo ClinicRochester, MN501(c)(3)Fellowship Grant / Center of Excellence$100,000
CHILDREN'S HOSPITAL MEDICAL CENTERCinncinnati, OH501(c)(3)Investigator Grant$80,000
Childrens Hospital of Philadelphia ResearchPhiladelphia, PA501(c)(3)Investigator Grant$80,000
Cleveland Clinic FoundationCleveland, OH501(c)(3)Investigator Grant$80,000
Icahn School of Medicine at Mount SinaiNew York, NY501(c)(3)Investigator Grant$80,000
Medical College of WisconsinMilwaukee, WI501(c)(3)Investigator Grant$80,000
University of Oklahoma Health Science CenterOklahoma City, OKGovtInvestigator Grant$80,000
University of Texas Southwestern Medical CenterDallas, TXGovtInvestigator Grant$80,000
RutgersPiscataway, NJGovtFellowship Grant$60,000
University of Alabama at BirminghamBirmingham, AL501(c)(3)Fellowship Grant$60,000
University of California San FranciscoSan Francisco, CA501(c)(3)Fellowship Grant$60,000
University of Southern CaliforniaLos Angeles, CA501(c)(3)Drug Repurposing$30,000

International Summary

Offices
0
Employees
0
Spending
$240,000

International Compliance

Foreign grant records maintained
Yes
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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Grantmaking-00$160,000
North AmericaGrantmaking-00$40,000
East Asia and the PacificGrantmaking-00$40,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$210,396
Fundraising Gross Income$77,166
Professional Fundraising Fees$75,917
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Conference/pkdc$265,700-$43,999-
Walk for Pkd$978,634$53,705$20,917$32,788
Total Events$2,179,624$77,166$210,396$-133,230
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Liability$154,752
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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 form 990 is prepared by an independent accounting firm. Prior to filing the form 990 for pkd foundation, a draft copy will be provided to the board of directors for review and comment. Any comments will be accumulated by management and addressed accordingly prior to filing with the irs.

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

Members of the board of directors of pkd foundation are required to sign an annual statement disclosing any conflicts of interest. The executive committee reviews the statements and ensures that board members are prohibited from participating in discussions or decisions related to transactions that involve actual conflicts of interest. Employees are required to sign an annual statement disclosing any conflicts of interest. These documents are reviewed and conflicts are mitigated by the ceo.

Form 990, Part VI, Section B, Line 15A & 15B

Annually, the executive committee works with the ceo to develop the ceo's goals for the new fiscal year. At the end of each fiscal year, the executive committee evaluates the ceo against these goals and determines merit and bonus levels based on their review. Annually, the executive committee reviews a national nonprofit compensation report for comparability data for the ceo salary. After a full review of performance and comparability data, the executive committee votes to approve any salary increase and bonus.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public on their own website and upon request.

Form 990, Part VII, Section A, Line 1

Pkd foundation contracts with adp totalsource to provide certain Employee benefits and payroll services. Employees are considered to be Jointly employed by both pkd foundation and adp totalsource. In order To comply with transparency directives as a part of the form 990, the Foundation has decided to report compensation in part vii to include AMOUNTS PAID AND REPORTED ON W-2S BY ADP TOTALSOURCE.

Filing and Contact Details

Filer

Filer Name
Pkd Foundation
EIN
43-1266906
In Care Of
% TOM ROSS
Phone
8169312600
Address
1001 E 101ST TER Suite 220, KANSAS CITY, MO 64131

Signing Officer

Name
Carmen Gleason
Title
COO
Phone
8169312600
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Rusconi
Formed
1982
Legal Domicile
Mo
Voting Board Members
11
Independent Board Members
10
Employees
31
Volunteers
1,400

Preparer

Firm
Forvis Llp
Address
1201 Walnut Suite 1700, Kansas City, MO 64106-2246
Preparer
April Arnold CPA
Phone
8162216300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Research: since its founding in 1982, the foundation has invested more than $50 million in research, clinical and scientific grants, awards, fellowships and scientific meetings, making it the largest private funder of polycystic kidney disease (pkd) research. The foundation's financial commitment over the years has seen results on a local, national and even global level, including initiating funding for young investigators from around the world; supporting innovative research ideas; and providing seed funding to allow researchers world-wide to apply for larger national institute of health (nih) grants. Initiatives included in research are outlined below. Research grants: support for basic laboratory research aimed at increasing understanding of the genetic and pathological processes involved in pkd as well as research with an obvious or direct potential to accelerate the development of potential therapies. Research fellowships: support and recognize early-career scientists whose achievements and potential identify them as rising stars - the next generation of scientific leaders in pkd research. Our fellowships aim to attract promising trainees who will obtain significant research experience as they initiate and - we hope - spend long and productive careers in pkd research. Pkd outcomes consortium (pkdoc): a significant collaboration between the foundation, critical path institute, representatives of the pharmaceutical industry, pkd clinicians, and the u.s. Food and drug administration (fda). It was created to facilitate clinical trial development for pkd therapies by establishing a clear regulatory pathway for the pharmaceutical industry to evaluate the effectiveness of potential treatments. Adpkd registry: an online, direct-to-patient, longitudinal registry for individuals diagnosed with adpkd in the united states. The registry also provides targeted clinical study recruitment for both academic and industry-sponsored studies in patients.

Form 990, Part III, Line 4B

Awareness and advocacy: the foundation uses marketing to increase disease awareness, promote the foundation's services, and inspire the public to support the foundation's mission. Marketing materials include pkd life magazine, a monthly email newsletter, social media, the pkd blog, and pkdcure.org. In addition, foundation representatives and volunteers directly engage legislators to encourage support of legislation that increases funding for and awareness of pkd. The foundation advocates for pkd patients in policymaking, drug development, and regulatory decision-making at the state and federal level. Our goals are to raise awareness and further legislation, regulation, and federal funding opportunities that improve the lives of everyone in the pkd community.

Form 990, Part III, Line 4C

Education and support: the pkd foundation supports the pkd community through more than 55 volunteer-led chapters across the united states. Chapters provide meaningful opportunities for the local community to gather together to learn from experts or in support of each other. Chapters raise funds for the foundation through events like cocktails for a cure and the walk for pkd, the foundation's signature event to raise funds and awareness. Walks take place in more than 50 cities across the nation each year and have raised over $33 million since 2000. On a national level, the pkd foundation empowers pkd patients and caregivers to manage pkd while maintaining a high quality of life. The foundation provides resources across the continuum of disease progression for patients, caregivers, parents, etc. Resources include webinars, enduring webcasts, videos, a comprehensive website (pkdcure.org/education), handbooks and other print materials. The annual pkd national conference (pkdcon) is the foundation's largest education event bringing together the entire pkd community including, patients, caregivers, volunteers, researchers and clinicians.

Financial Statement Notes

Schedule D, Part V, Line 4

The endowment is intended to fund research projects in support of our vision to end pkd.

Schedule D, Part X, Line 2

The foundation is exempt from income taxes under section 501(c)(3) of the u.s. Internal revenue code. The foundation does not operate as a private foundation. Although it is exempt from federal and state income taxes on its principal operations, the foundation is subject to federal income taxes on the net income from any operations identified by the internal revenue service to generate unrelated business income. No such unrelated business income tax was incurred during 2021 or 2020. The foundation follows the standards for evaluating uncertain tax positions and has determined no liability should be recorded for uncertain tax positions.

Schedule D, Part XI, Line 2D

Loss on disposal of fixed assets $ 56,668 special event expenses 210,396 --------- total $ 267,064

Schedule D, Part XII, Line 2D

Loss on disposal of fixed assets $ 56,668 special event expenses 210,396 --------- total $ 267,064

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$33.1$0.66$32.4$10.3$9.08$1.21
2022Detailed filing. Detailed filing data is available for this year.$31.1$0.62$30.5$18.5$7.36$11.1
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.7$3.14$22.5$8.95$6.81$2.14
2020Summary only. Only limited summary data is available for this year.$20.9$3.11$17.8$16.1$7.24$8.88
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$1.85$8.75$6.76$8.17$1.41
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$1.35$10.0$13.0$7.73$5.22
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$0.50$4.72$5.79$6.12$0.33
2016Detailed filing. Detailed filing data is available for this year.$5.70$0.86$4.84$5.87$6.63$0.76
2015Summary only. Only limited summary data is available for this year.$6.48$0.94$5.53$7.51$6.50$1.01
2014Detailed filing. Detailed filing data is available for this year.$5.02$0.50$4.52$6.90$6.77$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$0.33$4.39$6.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.60$1.81$6.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.72$1.67$8.31