Civic Intelligence

DMM Global Foundation Inc

990 • Fiscal year 2015 • EIN 46-1107249

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 21, 2016

Organization ProfileWWW.DMMGLOBALFOUNDATION.ORG
19 Saville StreetCambridge, MA 02138

(617) 710-2454

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

87th percentile

35%

Higher net margin than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

96th percentile

$67,782

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 30.3% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

86th percentile

59%

Faster asset growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

97th percentile

276%

Faster revenue growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$68,987

Up $25,521 (+59%) from 2014

Net Assets

Up

$68,987

Up $78,211 (+848%) from 2014

Liabilities

Down

$0

Down $52,690 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin87th percentile

Revenue

Up

$223,350

Up $163,937 (+276%) from 2014

Expenses

Up

$145,139

Up $76,502 (+111%) from 2014

Net Income

Up

$78,211

Up $87,435 (+948%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$150K$100K$50K$0-$50KAssets 2014: $43,466Liabilities 2014: $52,690Net Assets 2014: -$9,2242014Assets 2015: $68,987Liabilities 2015: $0Net Assets 2015: $68,9872015Assets 2016: $76,652Liabilities 2016: $0Net Assets 2016: $76,6522016Assets 2017: $28,194Liabilities 2017: $0Net Assets 2017: $28,1942017Assets 2018: $139,596Liabilities 2018: $0Net Assets 2018: $139,5962018Assets 2019: $76,311Liabilities 2019: $0Net Assets 2019: $76,3112019Assets 2020: $71,668Liabilities 2020: $3,725Net Assets 2020: $67,9432020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2015

Assets$68,987
Liabilities$0
Net Assets$68,987
Open 2015 Filing

Operations Trend

Revenue Growth97th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $59,413Expenses 2014: $68,637Net Income 2014: -$9,2242014Revenue 2015: $223,350Expenses 2015: $145,139Net Income 2015: $78,2112015Revenue 2016: $122,228Expenses 2016: $114,563Net Income 2016: $7,6652016Revenue 2017: $46,602Expenses 2017: $95,060Net Income 2017: -$48,4582017Revenue 2018: $223,904Expenses 2018: $112,502Net Income 2018: $111,4022018Revenue 2019: $0Expenses 2019: $63,285Net Income 2019: -$63,2852019Revenue 2020: $0Expenses 2020: $8,368Net Income 2020: -$8,3682020Revenue 2021: $3,725Expenses 2021: $71,668Net Income 2021: -$67,9432021

Highlighted filing

2015

Revenue$223,350
Expenses$145,139
Net Income$78,211
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 21, 2016
Return Version
2015v2.1
Gross Receipts
$223,350
Mission and Program Overview

Mission

Dmm global foundation (the organization) was formed for the purpose of advancing global knowledge and dialogue in the field of molecular medicine and its influence on global health.

Advancing global knowledge and dialogue in the field of molecular medicine and global health

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$43,466$61,677▲ $18,211
Loans From Officers Directors$52,690$0▼ $52,690
Receivables From Officers Etc-$7,310-
Total Assets$43,466$68,987▲ $25,521
Other Assets Total$0$0→ $0
Liabilities
Total Liabilities$52,690$0▼ $52,690
Net Assets / Fund Balance
Unrestricted Net Assets$-9,224$68,987▲ $78,211
Total Net Assets Fund Balance$-9,224$68,987▲ $78,211
Total Liabilities and Net Assets / Fund Balance$43,466$68,987▲ $25,521
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Megan DonovanSecr, Treas, COO, DirectorFT$67,782$67,782
Joseph F X Donovan IiiSecr, Treas and Director (resigned 5/8/15)PT$10,321$10,321

Board Members and Trustees

NameTitle
Kenneth R Chien Md PhdPresident and Director
Revenue and Support

Revenue Composition

Contributions and Grants
$223,350
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$223,350
Change in Net Assets
$78,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$86,207
Other Expenses$58,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$39,051$39,052-$78,103
Travel$29,065--$29,065
Conferences and Meetings$18,314--$18,314
Payroll Taxes$4,052$4,052-$8,104
Fees for Services Accounting-$7,650-$7,650
Fees for Services Other$3,000--$3,000
Interest-$389-$389
Information Technology-$214-$214
Other Expenses-$60-$60
Total Functional Expenses$93,482$51,657$0$145,139
International Activity

International Summary

Offices
0
Employees
0
Spending
$42,600

International Compliance

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 & Greenland)Program Services - Conferences and MeetingsThe Largest Conference, Days of Molecular Medicine, Is a Three-day Conference With Up to 500 Participants Held Annually at an International Site (medical/scientific Educational Institution). This Conference Highlights Recent Advances in a Specific, Emerging Area of Translational Science. the Conference Was Held During 2015 and Is Scheduled to Be Held During 2016.00$42,600
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$52,690$0▼ $52,690
Receivables from Officers, Directors, Trustees, and Key Employees-$7,310-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Megan donovan is married to kenneth r. Chien who is an officer and director; she is the sister of joseph f. X. Donovan, iii, who is also an officer and director.”

Form 990, Part VI, Section B, Line 11

“The organization provides a copy of the form 990 to the governing body for review prior to filing the return.”

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

“The organization's policy contains a duty to disclose clause, where any interested person must disclose any conflict of interest. After the disclosure, the board of directors or the committee will, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee will determine whether the corporation can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not possible, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. If the board or committee has reasonable cause to believe an interested person has failed to disclose actual or possible conflicts of interest, it shall investigate and if warranted take the appropriate and corrective action.”

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 upon request.”

Filing and Contact Details

Filer

Filer Name
Dmm Global Foundation Inc
EIN
46-1107249
Phone
6177102454
Address
19 SAVILLE STREET, CAMBRIDGE, MA 02138

Signing Officer

Name
Dr Kenneth Chien
Title
President
Phone
6177102454
Signed
2016-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Kenneth Chien
Formed
2010
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
0
Employees
2
Volunteers
0

Preparer

Firm
Baumann & Baumann Cpas
Address
62 WALNUT STREET, WELLESLEY, MA 02481
Preparer
Karl M Baumann
Phone
7812390190
Supplemental Narrative

Additional Explanations

GENERAL INFORMATION - QUESTION J:

“Website information: currently the entity's website is under construction. The web address when completed will be www.dmmglobalfoundation.org.”

Financial Statement Notes

PART X, LINE 2:

“The organization's federal returns for the years ended december 31, 2013 through december 31, 2015 are subject to examination by the irs and massachusetts attorney general's office. There are currently no audits for any tax periods in progress. Financial standards prescribe a comprehensive model for how an organization should measure, recognize, present, and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. The organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2015.”

Raw XML Appendix346 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECR, TREAS AND DIR (RESIGNED 5/8/15)
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECR, TREAS, COO, DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0THE LARGEST CONFERENCE, DAYS OF MOLECULAR MEDICINE, IS A THREE-DAY CONFERENCE WITH UP TO 500 PARTICIPANTS HELD ANNUALLY AT AN INTERNATIONAL SITE (MEDICAL/SCIENTIFIC EDUCATIONAL INSTITUTION). THIS CONFERENCE HIGHLIGHTS RECENT ADVANCES IN A SPECIFIC, EMERGING AREA OF TRANSLATIONAL SCIENCE. THE CONFERENCE WAS HELD DURING 2015 AND IS SCHEDULED TO BE HELD DURING 2016.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO FUND TRAVEL ADVANCES.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1TO FUND TEMPORARY CASH FLOW DEFICIT.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt011510
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt160000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MEGAN DONOVAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1KENNETH R CHIEN MD PHD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/TotalBalanceDueAmt07310
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WEBSITE INFORMATION: CURRENTLY THE ENTITY'S WEBSITE IS UNDER CONSTRUCTION. THE WEB ADDRESS WHEN COMPLETED WILL BE WWW.DMMGLOBALFOUNDATION.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEGAN DONOVAN IS MARRIED TO KENNETH R. CHIEN WHO IS AN OFFICER AND DIRECTOR; SHE IS THE SISTER OF JOSEPH F. X. DONOVAN, III, WHO IS ALSO AN OFFICER AND DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S POLICY CONTAINS A DUTY TO DISCLOSE CLAUSE, WHERE ANY INTERESTED PERSON MUST DISCLOSE ANY CONFLICT OF INTEREST. AFTER THE DISCLOSURE, THE BOARD OF DIRECTORS OR THE COMMITTEE WILL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE WILL DETERMINE WHETHER THE CORPORATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT POSSIBLE, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INVESTIGATE AND IF WARRANTED TAKE THE APPROPRIATE AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0GENERAL INFORMATION - QUESTION J:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt043466
IRS990/TotalAssetsEOYAmt068987
IRS990/TotalAssetsGrp/BOYAmt043466
IRS990/TotalAssetsGrp/EOYAmt068987
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0223350
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051657
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt093482
IRS990/TotalFunctionalExpensesGrp/TotalAmt0145139
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052690
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt052690
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-9224
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt068987
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt093482
IRS990/TotalReportableCompFromOrgAmt078103
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0223350
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt043466
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt068987
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt029065
IRS990/TravelGrp/TotalAmt029065
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-9224
IRS990/UnrestrictedNetAssetsGrp/EOYAmt068987
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019 SAVILLE STREET
IRS990/USAddress/CityNm0CAMBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002138
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.DMMGLOBALFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR KENNETH CHIEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06177102454
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DMM GLOBAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0DMMG
ReturnHeader/Filer/EIN0461107249
ReturnHeader/Filer/PhoneNum06177102454
ReturnHeader/Filer/USAddress/AddressLine1Txt019 SAVILLE STREET
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002138
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043006399
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAUMANN & BAUMANN CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt062 WALNUT STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WELLESLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002481
ReturnHeader/PreparerPersonGrp/PhoneNum07812390190
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARL M BAUMANN
ReturnHeader/ReturnTs02016-10-21T13:06:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,987
Liabilities
$0
Net assets
$68,987
Revenue
$223,350
Expenses
$145,139
Net income
$78,211
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.04$0.72$0.68
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.04$0.68$0.00$0.08$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.00$0.63$0.63
2018Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$2.24$1.13$1.11
2017Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.47$0.95$0.48
2016Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$1.22$1.15$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$2.23$1.45$0.78
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.53$0.09$0.59$0.69$0.09