Civic Intelligence

Spirovation Inc.

990EZ • Fiscal year 2015 • EIN 46-3166721

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 30, 2016

Organization ProfileWWW.MED.UNC.EDU/MARSICOLUNGINSTITUTE/SPIROVATION
109 Grapevine TrailDurham, NC 27707

(919) 357-1941

Siviq Scores

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

Liabilities / Assets

98th percentile

2.19x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • NTEE H • <$500k nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

36.50x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • NTEE H • <$500k nonprofits • Source year 2015

Net Margin

1st percentile

-1206%

Higher net margin than 1% of similar nonprofits.

2015 filings • NTEE H • <$500k nonprofits • Source year 2015

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2015 filings • NTEE H • <$500k nonprofits • Source year 2015

Asset Growth

11th percentile

-41%

Faster asset growth than 11% of similar nonprofits.

2015 filings • NTEE H • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

57th percentile

15%

Faster revenue growth than 57% of similar nonprofits.

2015 filings • NTEE H • <$500k nonprofits • Annualized from 2013 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$220,712

Down $150,345 (-41%) from 2014

Net Assets

Down

-$262,845

Down $160,846 (-158%) from 2014

Liabilities

Up

$483,557

Up $10,501 (+2.2%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

$13,249

No earlier filing loaded for comparison.

Expenses

Up

$173,094

Up $77,468 (+81%) from 2014

Net Income

-$159,845

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$1.0M$500K$0-$500KAssets 2013: $3,000Liabilities 2013: $0Net Assets 2013: $3,0002013Assets 2014: $371,057Liabilities 2014: $473,056Net Assets 2014: -$101,9992014Assets 2015: $220,712Liabilities 2015: $483,557Net Assets 2015: -$262,8452015Assets 2017: $534,146Liabilities 2017: $999,020Net Assets 2017: -$464,8742017Assets 2018: $578,692Liabilities 2018: $287,754Net Assets 2018: $290,9382018Assets 2019: $274,284Liabilities 2019: $192,515Net Assets 2019: $81,7692019Assets 2021: $312,662Liabilities 2021: $16,739Net Assets 2021: $295,9232021Assets 2022: $13,873Liabilities 2022: $0Net Assets 2022: $13,8732022Assets 2023: $6,727Liabilities 2023: $0Net Assets 2023: $6,7272023Assets 2024: $155,696Liabilities 2024: $0Net Assets 2024: $155,6962024

Highlighted filing

2015

Assets$220,712
Liabilities$483,557
Net Assets-$262,845
Open 2015 Filing

Operations Trend

Revenue Growth57th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $10,000Expenses 2013: $7,000Net Income 2013: $3,0002013Expenses 2014: $95,6262014Revenue 2015: $13,249Expenses 2015: $173,094Net Income 2015: -$159,8452015Revenue 2017: $79,188Expenses 2017: $223,315Net Income 2017: -$144,1272017Revenue 2018: $492,627Expenses 2018: $206,608Net Income 2018: $286,0192018Revenue 2019: -$16,688Expenses 2019: $192,481Net Income 2019: -$209,1692019Revenue 2021: $756,831Expenses 2021: $687,924Net Income 2021: $68,9072021Revenue 2022: $836,558Expenses 2022: $1,135,347Net Income 2022: -$298,7892022Revenue 2023: $1,294,210Expenses 2023: $1,301,356Net Income 2023: -$7,1462023Revenue 2024: $1,074,263Expenses 2024: $925,294Net Income 2024: $148,9692024

Highlighted filing

2015

Revenue$13,249
Expenses$173,094
Net Income-$159,845
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 30, 2016
Return Version
2015v2.1
Gross Receipts
$13,249
Mission and Program Overview

Mission

Spirovation provides medical and clinical research services to commercial pharmaceutical and biotechnology companies.

Respiratory Disease

Program Services

DescriptionGrantsExpenses
Spirovation aims to create therapies for respiratory disease--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIM KINGDirectorPT$0--
RICHARD BOUCHERDirector-$0--
JUSTIN BROWNCEOPT$0--
BARBARA ENTISLEDirectorPT$0--
CAM ENARSONDirectorPT$0--
RAY PICKLESCSOPT$0--
WAYNE ANDERSONClinical DevelopmentPT$0--
Filing and Contact Details

Filer

Filer Name
Spirovation Inc
EIN
46-3166721
Address
109 Grapevine Trail, Durham, NC 27707

Signing Officer

Name
Justin Brown
Title
CEO
Phone
9194521631
Signed
2016-04-30
Discuss with paid preparer
No

Preparer

Firm
Tax Paradise
Address
7440 Louisburg Road Suite 133, Raleigh, NC 27616
Preparer
Felicia Lowery
Phone
9197130995
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountInterest Expense 26,445Insurance Expense 8,473Office Expense 5,561”

Other changes in net assets or fund balances Part I line 20

“Description AmountChanges in other fund balances (1,001)”

Description of other assets Part II line 24

“Category Beginning of Year End of YearPREPAID INSURANCE 0 7,168”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearLOAN FROM UNC 450,000 450,000OTHER PAYROLL LIABLITIES 23,056 0INTEREST PAYABLE 0 33,057ACCOUNTS PAYABLE 0 500”

Raw XML Appendix140 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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IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027707
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0371057
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt012293
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-101999
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TIM KING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RICHARD BOUCHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JUSTIN BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BARBARA ENTISLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CAM ENARSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5RAY PICKLES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6WAYNE ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CSO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6CLINICAL DEVELOPMENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt07168
IRS990EZ/OtherChangesInNetAssetsAmt0-1001
IRS990EZ/OtherExpensesTotalAmt040479
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Respiratory Disease
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Spirovation aims to create therapies for respiratory disease
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0473056
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0173094
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt013249
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/HospitalNameAndAddressGrp/CityNm0CHAPEL HILL
IRS990ScheduleA/HospitalNameAndAddressGrp/StateAbbreviationCd0NC
IRS990ScheduleA/HospitalNameAndAddressGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNC
IRS990ScheduleA/MedicalResearchOrganizationInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountInterest Expense 26,445Insurance Expense 8,473Office Expense 5,561
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountChanges in other fund balances (1,001)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearPREPAID INSURANCE 0 7,168
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearLOAN FROM UNC 450,000 450,000OTHER PAYROLL LIABLITIES 23,056 0INTEREST PAYABLE 0 33,057ACCOUNTS PAYABLE 0 500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09194521631
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPIROVATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SPIR
ReturnHeader/Filer/EIN0463166721
ReturnHeader/Filer/USAddress/AddressLine1Txt0109 Grapevine Trail
ReturnHeader/Filer/USAddress/CityNm0Durham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027707
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582526542
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tax Paradise
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07440 Louisburg Road Suite 133
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027616
ReturnHeader/PreparerPersonGrp/PhoneNum09197130995
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Felicia Lowery
ReturnHeader/ReturnTs02016-04-29T10:10:54-04:00
ReturnHeader/ReturnTypeCd0990EZ
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 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$220,712
Liabilities
$483,557
Net assets
-$262,845
Revenue
$13,249
Expenses
$173,094
Net income
-$159,845
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$1.07$0.93$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$1.29$1.30$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.84$1.14$0.30
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.02$0.30$0.76$0.69$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.27$0.19$0.08$0.02$0.19$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.58$0.29$0.29$0.49$0.21$0.29
2017Detailed filing. Detailed filing data is available for this year.$0.53$1.00$0.46$0.08$0.22$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.48$0.26$0.01$0.17$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.47$0.10$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.01$0.00