Civic Intelligence

Health Science Industry Scholarship Fund

EIN 46-1909331 • 501(c)3 • Bedminster, NJ

Profile

Our Mission is to provide financial assistance

75 Washington Valley RoadBedminster, NJ 07921

http/www.healthsciencescholarship.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

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

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

82nd percentile

33%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

82nd percentile

43%

Faster revenue growth than 82% of similar nonprofits.

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

Assets

Up

$15,552

Up $3,894 (+33%) from 2015

Liabilities

Flat

$0

Flat from 2015

Net Assets

Up

$15,552

Up $3,894 (+33%) from 2015

Revenue

Up

$10,000

Up $2,999 (+43%) from 2015

Expenses

Down

$6,906

Down $1,185 (-15%) from 2015

Net Income

Up

$3,094

Up $4,184 (+384%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$15K$10K$5.0K$0Assets 2013: $7,308Liabilities 2013: $0Net Assets 2013: $7,3082013Assets 2014: $12,748Liabilities 2014: $0Net Assets 2014: $12,7482014Assets 2015: $11,658Liabilities 2015: $0Net Assets 2015: $11,6582015Assets 2016: $15,552Liabilities 2016: $0Net Assets 2016: $15,5522016

Highlighted filing

2016

Assets$15,552
Liabilities$0
Net Assets$15,552

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0-$5.0KRevenue 2013: $7,691Expenses 2013: $383Net Income 2013: $7,3082013Revenue 2014: $12,000Expenses 2014: $6,561Net Income 2014: $5,4392014Revenue 2015: $7,001Expenses 2015: $8,091Net Income 2015: -$1,0902015Revenue 2016: $10,000Expenses 2016: $6,906Net Income 2016: $3,0942016

Highlighted filing

2016

Revenue$10,000
Expenses$6,906
Net Income$3,094

Filings

Latest Detailed Filing

The latest 2016 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 17, 2015
Return Version
2014v5.0
Gross Receipts
$12,000
Mission and Program Overview

Mission

Our Mission is to provide financial assistance

Our Mission is to provide financial assistance to qualified graduate and undergraduate students pursuing health science related degrees at accredited colleges and universities throughout the United States and its territories. The Fund will accomplish this by buidling a portfolio of endowed and unrestricted funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$12,748-
Total Assets$0$12,748▲ $12,748
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$12,748-
Total Net Assets Fund Balance$0$12,748▲ $12,748
Total Liabilities and Net Assets / Fund Balance$0$12,748▲ $12,748
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert LechichBoard Chair
Bruce EckmanBoard Member
JAMES O'BRIENBoard Member
Joseph ManfrediBoard Member
Peter SolazzoBoard Member
R J PalermoBoard Member
Scott HickokTreasurer and Board Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$5,439
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,561
Total Fundraising Expense$3,475
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$0$0$1,927$1,927
Travel$0$0$1,473$1,473
Information Technology$0$995$0$995
Insurance$0$712$0$712
Fees for Services Accounting$0$600$0$600
Office Expenses$0$447$0$447
Other Expenses$0$0$75$75
Total Functional Expenses$0$3,086$3,475$6,561
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Health Science Industry Scholarship Fund
EIN
46-1909331
Phone
9089011688
Address
75 Washington Valley Road, BEDMINSTER, NJ 07921

Signing Officer

Name
Robert Lechich
Title
President
Phone
9089011688
Signed
2015-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Lechich
Formed
2013
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Hills Tax and Accounting PC
Address
1200 Route 22 East Suite 2000 C5, Bridgewater, NJ 08807
Preparer
Henry Brasch
Phone
9082034744
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Prior to filing Form 990, all board members must read and review the form and provide any feedback and corrections they believe are necessary.

Pt VI, Line 15B

Officers and key employees did not receive compensation.

Pt VI, Line 15A

All officers did not receive compensation.

Pt VI, Line 12C

The board requests once per year or based upon significant change that all board members agree to our conflict of interest policy.

Pt VI, Line 7A

Selection/appointment of the governing body: the initial selection and appointment was based upon individuals within the pharmaceutical industry who have been involved in student programs at universities/colleges with programs supporting the Health Science Industry as well as understand the management and financial responsibilities of such a program. Also, one of the criteria is that no relative or family member would apply for the scholarship program. In this way, the individuals can be objective and remain impartial during their tenure on the board and committees.

Raw XML Appendix287 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
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IRS990/Form990PartVIISectionAGrp/PersonNm5R J PALERMO
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES O'BRIEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer and Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt012000
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0995
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt0995
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0712
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt0712
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0Mailbox Setup
IRS990/OtherExpensesGrp/Desc1Badges
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0332
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IRS990/OtherExpensesGrp/TotalAmt0332
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IRS990/PartialLiquidationInd0false
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IRS990/PoliticalCampaignActyInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Officers and key employees did not receive compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All officers did not receive compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board requests once per year or based upon significant change that all board members agree to our conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Selection/appointment of the governing body: the initial selection and appointment was based upon individuals within the pharmaceutical industry who have been involved in student programs at universities/colleges with programs supporting the Health Science Industry as well as understand the management and financial responsibilities of such a program. Also, one of the criteria is that no relative or family member would apply for the scholarship program. In this way, the individuals can be objective and remain impartial during their tenure on the board and committees.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7a
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IRS990/USAddress/CityNm0Bedminster
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IRS990/USAddress/ZIPCd007921
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ReturnHeader/BuildTS02016-03-07 17:11:31Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09089011688
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Health Science Industry Scholarship Fund
ReturnHeader/Filer/BusinessNameControlTxt0HEAL
ReturnHeader/Filer/EIN0461909331
ReturnHeader/Filer/PhoneNum09089011688
ReturnHeader/Filer/USAddress/AddressLine1Txt075 Washington Valley Road
ReturnHeader/Filer/USAddress/CityNm0BEDMINSTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007921
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01200 Route 22 East Suite 2000 C5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bridgewater
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008807
ReturnHeader/PreparerPersonGrp/PhoneNum09082034744
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HENRY BRASCH
ReturnHeader/ReturnTs02015-11-23T15:22:19-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

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