Civic Intelligence

DMM Global Foundation Inc

990 • Fiscal year 2016 • EIN 46-1107249

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

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

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

57th percentile

6.3%

Higher net margin than 57% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$52,269

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 42.8% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-45%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$76,652

Up $7,665 (+11%) from 2015

Net Assets

Up

$76,652

Up $7,665 (+11%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$122,228

Down $101,122 (-45%) from 2015

Expenses

Down

$114,563

Down $30,576 (-21%) from 2015

Net Income

Down

$7,665

Down $70,546 (-90%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$76,652
Liabilities$0
Net Assets$76,652

Operations Trend

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

2016

Revenue$122,228
Expenses$114,563
Net Income$7,665
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$122,228
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$61,677$76,652▲ $14,975
Receivables From Officers Etc$7,310--
Total Assets$68,987$76,652▲ $7,665
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$68,987$76,652▲ $7,665
Total Net Assets Fund Balance$68,987$76,652▲ $7,665
Total Liabilities and Net Assets / Fund Balance$68,987$76,652▲ $7,665
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Megan DonovanSecr, Treas, COO, DirectorFT$52,269$52,269

Board Members and Trustees

NameTitle
Kenneth R Chien Md PhdPresident and Director
Revenue and Support

Revenue Composition

Contributions and Grants
$122,228
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$122,228
Change in Net Assets
$7,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$69,347
Other Expenses$45,216
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$31,134$31,135-$62,269
Travel$18,132--$18,132
Conferences and Meetings$13,035--$13,035
Fees for Services Other$8,030--$8,030
Payroll Taxes$3,539$3,539-$7,078
Fees for Services Accounting-$5,500-$5,500
Information Technology-$158-$158
Other Expenses-$85-$85
Total Functional Expenses$73,870$40,693$0$114,563
International Activity

International Summary

Offices
0
Employees
0
Spending
$30,307

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 2016 and Is Scheduled to Be Held During 2017.00$30,307
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
Receivables from Officers, Directors, Trustees, and Key Employees$7,310--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 11B

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
2017-05-11
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, 2014 through december 31, 2016 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, 2016.

Raw XML Appendix331 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, COO, DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FEDERAL RETURNS FOR THE YEARS ENDED DECEMBER 31, 2014 THROUGH DECEMBER 31, 2016 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, 2016.
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 2016 AND IS SCHEDULED TO BE HELD DURING 2017.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MEGAN DONOVAN
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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 11B
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/TotalAssetsBOYAmt068987
IRS990/TotalAssetsEOYAmt076652
IRS990/TotalAssetsGrp/BOYAmt068987
IRS990/TotalAssetsGrp/EOYAmt076652
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0122228
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040693
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt073870
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114563
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt068987
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt076652
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt073870
IRS990/TotalReportableCompFromOrgAmt052269
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0122228
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt068987
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt076652
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt018132
IRS990/TravelGrp/TotalAmt018132
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt068987
IRS990/UnrestrictedNetAssetsGrp/EOYAmt076652
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/SignatureDt02017-05-11
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/FilingSecurityInformation/AtSubmissionCreationDeviceId006407439CE9F017A38BBAF1E74D74EE9560AAF02
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C1634E5A3DE4813B4765FB01FC7AA263A4BA57F4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.13.111.61
ReturnHeader/FilingSecurityInformation/IPDt02017-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm016:16:30
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/ReturnTs02017-05-15T09:48:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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