Civic Intelligence

Foundation for Vascular Innovation Inc

990EZ • Fiscal year 2017 • EIN 45-3029438

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

Organization ProfileVESURGERY.ORG
100 Cummings Center No 124ABeverly, MA 01915

(978) 927-7800

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

6th percentile

-77%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

13th percentile

-36%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

50th percentile

1.0%

Faster revenue growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$32,921

Down $18,741 (-36%) from 2016

Net Assets

Down

$32,921

Down $18,741 (-36%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin6th percentile

Revenue

Up

$24,270

Up $229 (+1.0%) from 2016

Expenses

Up

$43,011

Up $31,461 (+272%) from 2016

Net Income

Down

-$18,741

Down $31,232 (-250%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$60K$40K$20K$0Assets 2011: $1Liabilities 2011: $02011Assets 2012: $1Liabilities 2012: $02012Assets 2013: $1Liabilities 2013: $02013Assets 2014: $36,751Liabilities 2014: $0Net Assets 2014: $36,7512014Assets 2015: $39,171Liabilities 2015: $0Net Assets 2015: $39,1712015Assets 2016: $51,662Liabilities 2016: $0Net Assets 2016: $51,6622016Assets 2017: $32,921Liabilities 2017: $0Net Assets 2017: $32,9212017Assets 2018: $23,495Liabilities 2018: $0Net Assets 2018: $23,4952018

Highlighted filing

2017

Assets$32,921
Liabilities$0
Net Assets$32,921
Open 2017 Filing

Operations Trend

Revenue Growth50th percentile

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

$60K$40K$20K$0-$20KRevenue 2011: $1Expenses 2011: $0Net Income 2011: $12011Revenue 2012: $1Expenses 2012: $0Net Income 2012: $12012Revenue 2013: $1Expenses 2013: $0Net Income 2013: $12013Revenue 2014: $58,059Expenses 2014: $21,308Net Income 2014: $36,7512014Revenue 2015: $16,548Expenses 2015: $14,128Net Income 2015: $2,4202015Revenue 2016: $24,041Expenses 2016: $11,550Net Income 2016: $12,4912016Revenue 2017: $24,270Expenses 2017: $43,011Net Income 2017: -$18,7412017Revenue 2018: $38,688Expenses 2018: $48,114Net Income 2018: -$9,4262018

Highlighted filing

2017

Revenue$24,270
Expenses$43,011
Net Income-$18,741
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$24,270
Mission and Program Overview

Mission

To support educational and research activities in the area of vascular disease discovery, prevention and treatment.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION PROVIDES GRANTS FOR RESEARCH ENDEAVORS, TRAINING AND CAREER DEVELOPMENT.$40,000$40,000
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PETER R NELSON MD MSTreasurer/CFO-$0--
RUTH L BUSH MD JD MPHPresident-$0--
MARTIN R BACK MDSecretary-$0--
W DARRIN CLOUSE MDVice President-$0--
Filing and Contact Details

Filer

Filer Name
Foundation for Vascular Innovation Inc
EIN
45-3029438
Phone
9789277800
Address
100 CUMMINGS CENTER NO 124A, BEVERLY, MA 01915

Signing Officer

Name
Peter R Nelson Md Ms
Title
CFO
Phone
9789277800
Signed
2018-05-08
Discuss with paid preparer
Yes

Preparer

Firm
Moody Famiglietti & Andronico Llp
Address
1 HIGHWOOD DRIVE, TEWKSBURY, MA 01876
Preparer
Joyce Ripianzi CPA
Phone
9785575300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: interest income. Amount: 20.”

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

“Description: filing fees. Amount: 2,706. Description: bank fees. Amount: 116. Description: other. Amount: 10. Total to form 990-ez, line 16: 2,832.”

Raw XML Appendix161 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/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER/CFO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE PRESIDENT
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/OtherRevenueTotalAmt020
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO SUPPORT EDUCATIONAL AND RESEARCH ACTIVITIES IN THE AREA OF VASCULAR DISEASE DISCOVERY, PREVENTION AND TREATMENT.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt024000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt016500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt058025
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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.
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ReturnHeader/Filer/PhoneNum09789277800
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ReturnHeader/ReturnTs02018-05-31T11:00:12-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,921
Liabilities
$0
Net assets
$32,921
Revenue
$24,270
Expenses
$43,011
Net income
-$18,741
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$23.5$0.00$23.5$38.7$48.1$9.43
2017Detailed filing. Detailed filing data is available for this year.$32.9$0.00$32.9$24.3$43.0$18.7
2016Detailed filing. Detailed filing data is available for this year.$51.7$0.00$51.7$24.0$11.6$12.5
2015Detailed filing. Detailed filing data is available for this year.$39.2$0.00$39.2$16.5$14.1$2.42
2014Detailed filing. Detailed filing data is available for this year.$36.8$0.00$36.8$58.1$21.3$36.8
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00