Civic Intelligence

Foundation for Vascular Innovation Inc

990EZ • Fiscal year 2018 • EIN 45-3029438

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 12, 2019

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

57th percentile

0.00x

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

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

Liabilities / Revenue

56th percentile

0.00x

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

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

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

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

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.

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

Asset Growth

16th percentile

-29%

Faster asset growth than 16% of similar nonprofits.

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

Revenue Growth

88th percentile

59%

Faster revenue growth than 88% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$23,495

Down $9,426 (-29%) from 2017

Net Assets

Down

$23,495

Down $9,426 (-29%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin14th percentile

Revenue

Up

$38,688

Up $14,418 (+59%) from 2017

Expenses

Up

$48,114

Up $5,103 (+12%) from 2017

Net Income

Up

-$9,426

Up $9,315 (+50%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2018

Assets$23,495
Liabilities$0
Net Assets$23,495
Open 2018 Filing

Operations Trend

Revenue Growth88th 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

2018

Revenue$38,688
Expenses$48,114
Net Income-$9,426
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 12, 2019
Return Version
2018v3.1
Gross Receipts
$38,688
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.$42,628$42,628
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MATTHEW CORRIERE MDTreasurer/CFO-$0--
PETER R NELSON MD MSPresident-$0--
JASON LEE MDSecretary-$0--
JONATHAN ELIASON 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
Matthew Corriere Md
Title
Treasurer/CFO
Phone
9789277800
Signed
2019-02-12
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

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

“Description: filing fees. Amount: 3,010. Description: bank fees. Amount: 22. Description: other. Amount: 10. Total to form 990-ez, line 16: 3,042.”

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/TitleTxt2SECRETARY
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IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/PrimaryExemptPurposeTxt0TO SUPPORT EDUCATIONAL AND RESEARCH ACTIVITIES IN THE AREA OF VASCULAR DISEASE DISCOVERY, PREVENTION AND TREATMENT.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt042628
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt024000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt016500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt058025
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0161463
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt020
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ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,495
Liabilities
$0
Net assets
$23,495
Revenue
$38,688
Expenses
$48,114
Net income
-$9,426
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