Civic Intelligence

DMM Global Foundation Inc

990 • Fiscal year 2020 • EIN 46-1107249

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 14, 2021

Organization ProfileWWW.DMMGF.ORG
70 Sparks StCambridge, MA 02138

(617) 710-2454

Siviq Scores

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

Liabilities / Assets

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2020

Top Officer Pay

77th percentile

$2,500

Higher top officer pay than 77% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

32nd percentile

-6.1%

Faster asset growth than 32% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$71,668

Down $4,643 (-6.1%) from 2019

Net Assets

Down

$67,943

Down $8,368 (-11%) from 2019

Liabilities

Up

$3,725

Up $3,725 from 2019

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2019

Expenses

Down

$8,368

Down $54,917 (-87%) from 2019

Net Income

Up

-$8,368

Up $54,917 (+87%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2020

Assets$71,668
Liabilities$3,725
Net Assets$67,943
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2020

Revenue$0
Expenses$8,368
Net Income-$8,368
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 14, 2021
Return Version
2020v4.1
Gross Receipts
$0
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$76,311$71,668▼ $4,643
Loans From Officers Directors-$3,725-
Total Assets$76,311$71,668▼ $4,643
Liabilities
Total Liabilities$0$3,725▲ $3,725
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$76,311$67,943▼ $8,368
Total Net Assets Fund Balance$76,311$67,943▼ $8,368
Total Liabilities and Net Assets / Fund Balance$76,311$71,668▼ $4,643
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleBaseTotal
Megan DonovanSecr, Treas, COO, Director$2,500$2,500

Board Members and Trustees

NameTitle
Kenneth R Chien Md PhdPresident and Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-8,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,271
Salaries, Compensation, and Employee Benefits$4,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$3,725-$3,725
Current Officers, Directors, Trustees, and Key Employees$1,250$1,250-$2,500
Other Employee Benefits$799$798-$1,597
Information Technology-$240-$240
Other Expenses-$35-$35
Total Functional Expenses$2,049$6,319$0$8,368
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-$3,725-
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 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
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.”

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
70 SPARKS ST, CAMBRIDGE, MA 02138

Signing Officer

Name
Dr Kenneth Chien
Title
President
Phone
6177102454
Signed
2021-06-14
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
1
Volunteers
0

Preparer

Firm
Baumann & Baumann Cpas Llp
Address
40 WALNUT STREET SUITE 301, WELLESLEY, MA 02481
Preparer
Karl M Baumann
Phone
7812390190
Supplemental Narrative

Additional Explanations

GENERAL INFORMATION - QUESTION J:

“Website information: the web address is www.dmmgf.org.”

Raw XML Appendix288 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ADVANCING GLOBAL KNOWLEDGE AND DIALOGUE IN THE FIELD OF MOLECULAR MEDICINE AND GLOBAL HEALTH
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum06177102454
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt070 SPARKS ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0CAMBRIDGE
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02500
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
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IRS990/DecisionsSubjectToApprovaInd00
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IRS990/DeductibleNonCashContriInd00
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IRS990/Desc0THE DMM GLOBAL CONFERENCE NETWORK IS A COLLECTION OF INTERNATIONAL SCIENTIFIC RESEARCH MEETINGS AND CONFERENCES WHICH FOCUS ON THE INTERSECTION OF CUTTING EDGE ADVANCES IN THE FIELD OF MOLECULAR MEDICINE. THE FOCUS OF THE MEETINGS AND CONFERENCES IS TO DISCUSS CONVERGING PRINCIPLES AND MOLECULAR PATHWAYS BEING UNCOVERED FOR DISEASES IN CARDIAC, NEUROMUSCULAR AND CENTRAL NERVOUS SYSTEMS AND RELATED BIOTECHNOLOGY AND GLOBAL HEALTH ISSUES.
IRS990/DescribedInSection501c3Ind01
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IRS990/ForeignActivitiesInd00
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IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm0KENNETH R CHIEN MD PHD
IRS990/Form990PartVIISectionAGrp/PersonNm1MEGAN DONOVAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECR, TREAS, COO, DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
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IRS990/LoanOutstandingInd01
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0DMM 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt076311
IRS990/NetAssetsOrFundBalancesEOYAmt067943
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt076311
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IRS990/NondeductibleContributionsInd00
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IRS990/Organization501c3Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0798
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0799
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01597
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1SOFTWARE
IRS990/OtherExpensesGrp/Desc2STATE FILING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0180
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt191
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt046602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0123445
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT & DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WEBSITE INFORMATION: THE WEB ADDRESS IS WWW.DMMGF.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEGAN DONOVAN IS MARRIED TO KENNETH R. CHIEN WHO IS 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
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IRS990/USAddress/ZIPCd002138
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IRS990/WebsiteAddressTxt0WWW.DMMGF.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR KENNETH CHIEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06177102454
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DMM GLOBAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0DMMG
ReturnHeader/Filer/EIN0461107249
ReturnHeader/Filer/PhoneNum06177102454
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002138
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043006399
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAUMANN & BAUMANN CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 WALNUT STREET SUITE 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WELLESLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002481
ReturnHeader/PreparerPersonGrp/PhoneNum07812390190
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARL M BAUMANN
ReturnHeader/ReturnTs02021-06-14T08:57:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KENNETH CHIEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,668
Liabilities
$3,725
Net assets
$67,943
Revenue
$0
Expenses
$8,368
Net income
-$8,368
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