Civic Intelligence

Global Oncology Inc

990 • Fiscal year 2018 • EIN 46-4061142

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 27, 2019

PO Box 574Brookline, MA 02446

(617) 504-4441

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

13th percentile

-27%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$49,060

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 27.1% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

20th percentile

-21%

Faster asset growth than 20% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$182,532

Down $49,846 (-21%) from 2017

Net Assets

Down

$178,067

Down $48,521 (-21%) from 2017

Liabilities

Down

$4,465

Down $1,325 (-23%) from 2017

Revenue

Up

$180,768

Up $30,068 (+20%) from 2017

Expenses

Down

$229,289

Down $42,325 (-16%) from 2017

Net Income

Up

-$48,521

Up $72,393 (+60%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $170,899Liabilities 2014: $0Net Assets 2014: $170,8992014Assets 2015: $199,927Liabilities 2015: $810Net Assets 2015: $199,1172015Assets 2016: $355,863Liabilities 2016: $8,361Net Assets 2016: $347,5022016Assets 2017: $232,378Liabilities 2017: $5,790Net Assets 2017: $226,5882017Assets 2018: $182,532Liabilities 2018: $4,465Net Assets 2018: $178,0672018Assets 2019: $171,246Liabilities 2019: $2,434Net Assets 2019: $168,8122019Assets 2020: $253,395Liabilities 2020: $11,011Net Assets 2020: $242,3842020Assets 2021: $299,403Liabilities 2021: $7,129Net Assets 2021: $292,2742021Assets 2022: $344,266Liabilities 2022: $2,985Net Assets 2022: $341,2812022Assets 2023: $465,160Liabilities 2023: $8,093Net Assets 2023: $457,0672023Assets 2024: $393,072Liabilities 2024: $867Net Assets 2024: $392,2052024

Highlighted filing

2018

Assets$182,532
Liabilities$4,465
Net Assets$178,067

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $196,795Expenses 2014: $25,896Net Income 2014: $170,8992014Revenue 2015: $135,278Expenses 2015: $107,060Net Income 2015: $28,2182015Revenue 2016: $406,334Expenses 2016: $257,953Net Income 2016: $148,3812016Revenue 2017: $150,700Expenses 2017: $271,614Net Income 2017: -$120,9142017Revenue 2018: $180,768Expenses 2018: $229,289Net Income 2018: -$48,5212018Revenue 2019: $179,738Expenses 2019: $188,993Net Income 2019: -$9,2552019Revenue 2020: $195,551Expenses 2020: $121,979Net Income 2020: $73,5722020Revenue 2021: $188,636Expenses 2021: $138,746Net Income 2021: $49,8902021Revenue 2022: $157,540Expenses 2022: $108,533Net Income 2022: $49,0072022Revenue 2023: $205,554Expenses 2023: $89,768Net Income 2023: $115,7862023Revenue 2024: $102,322Expenses 2024: $167,184Net Income 2024: -$64,8622024

Highlighted filing

2018

Revenue$180,768
Expenses$229,289
Net Income-$48,521
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 27, 2019
Return Version
2018v3.1
Gross Receipts
$196,863
Mission and Program Overview

Mission

Global oncology's mission is to bring the best in cancer care to underserved patients around the world. The global oncology 2016-2019 strategic framework will guide our strategic goals and specific objectives towards sustainable and scalable actions in the global fight against cancer. Initally we will focus our efforts, resources and collaboration on selected high-need regions where we can partner effectively with local care delivery teams. We will broadly share best practices and tools developed through global oncology's efforts to maximize impact. With additional support and partnerships, we plan to expand the application of our scalable solutions to additional geographic areas.

Global oncology's mission is to bring the best in cancer care to underserved patients around the world. The global oncology 2016-2019 strategic framework will guide our strategic goals and specific objectives towards sustainable and scalable actions in the global fight against cancer. Initally we are focusing our efforts, resources and collaboration on selected high-need regions where we can partner effectively with local care delivery teams. We will broadly share best practices and tools developed through global oncology's efforts to maximize impact. With additional support and partnerships, we plan to expand the application of our scalable solutions to additional geographic areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$205,286$168,939▼ $36,347
Land, Buildings, and Equipment, Net$17,967$8,593▼ $9,374
Pledges and Grants Receivable$9,125$5,000▼ $4,125
Total Assets$232,378$182,532▼ $49,846
Liabilities
Accounts Payable and Accrued Expenses$5,790$4,465▼ $1,325
Total Liabilities$5,790$4,465▼ $1,325
Net Assets / Fund Balance
Unrestricted Net Assets$226,588$178,067▼ $48,521
Total Net Assets Fund Balance$226,588$178,067▼ $48,521
Total Liabilities and Net Assets / Fund Balance$232,378$182,532▼ $49,846

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,593$91,231$99,824
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Danna RemenInterim Ex.PT$49,060$49,060
Donna BarryFormer Ex. DFT$48,308$48,308

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$186,470
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-5,702
All Other Contributions
$59,771
Change in Net Assets
$-48,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$134,091
Other Expenses$95,198
Total Fundraising Expense$40,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$30,957$42,696$23,715$97,368
Fees for Services Other$61,640$3,313$2,700$67,653
Other Salaries and Wages$11,813$5,631$8,984$26,428
Payroll Taxes$3,647$3,974$2,674$10,295
Depreciation Depletion$9,374--$9,374
Occupancy$2,346$1,718$1,173$5,237
Travel$732$1,372-$2,104
Insurance-$2,050-$2,050
Office Expenses$530$502$737$1,769
Conferences and Meetings$153$1,165-$1,318
Fees for Services Legal$532--$532
Advertising-$145$97$242
Other Expenses$60$1,472$299$60
Total Functional Expenses$124,058$64,852$40,379$229,289
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,095
Fundraising Gross Income$10,393
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert$137,092$10,393-$10,393
Total Events$137,092$10,393$16,095$-5,702
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
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, Page 6, Part VI, Line 11B

Form 990 is prepared and given to the board of directors for review. The audit and finance committee will review and approve the information return.

Form 990, Page 6, Part VI, Line 12C

If a conflict of interest is noted, the interested person may make a presentation to the board of directors or committee, then he or she shall leave the meeting while discussion and voting occurs on the transaction or arrangement involving the possible conflict of interest. After exercising due diligence, the board or committee shall determine whether the organization can obtain within reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If it is not reasonably possible, then the board or committee shall vote on the transaction or arrangement in the organization's best interest.

Form 990, Page 6, Part VI, Line 19

Upon request to the organzation, required public forms will be made available.

Filing and Contact Details

Filer

Filer Name
Global Oncology Inc
EIN
46-4061142
Phone
6175044441
Address
PO BOX 574, BROOKLINE, MA 02446

Signing Officer

Name
Franklin Huang Md Phd
Title
President
Phone
6172908889
Signed
2019-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Franklin Huang Md Phd
Formed
2013
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
50

Preparer

Firm
Mason & Rich Pa
Address
6 BICENTENNIAL SQ, CONCORD, NH 03301-4058
Preparer
Leslie a Walker CPA
Phone
6032242000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Global oncology's mission is to bring the best in cancer care to underserved patients around the world. The global oncology 2016-2019 strategic framework will guide our strategic goals and specific objectives towards sustainable and scalable actions in the global fight against cancer. Initally we are focusing our efforts, resources and collaboration on selected high-need regions where we can partner effectively with local care delivery teams. We will broadly share best practices and tools developed through global oncology's efforts to maximize impact. With additional support and partnerships, we plan to expand the application of our scalable solutions to additional geographic areas.

Form 990, Page 1, Part I, Line 6

Volunteers perform a variety of functions in support of the organization's mission from helping to build global oncology's infrastructure, to leading and participating in projects, to promoting awareness of the global cancer crisis. Volunteers are at all levels of profession and include: physicians, scientists, designers, engineers, public health experts, policymakers, nurses, lawyers and students. The board of directors are also volunteers, who oversee the organization and ensure fiscal responsibility.

Form 990, Part IX, Line 11G

Consulting 61,640 3,313 2,700

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GLOBAL ONCOLOGY'S MISSION IS TO BRING THE BEST IN CANCER CARE TO UNDERSERVED PATIENTS AROUND THE WORLD. THE GLOBAL ONCOLOGY 2016-2019 STRATEGIC FRAMEWORK WILL GUIDE OUR STRATEGIC GOALS AND SPECIFIC OBJECTIVES TOWARDS SUSTAINABLE AND SCALABLE ACTIONS IN THE GLOBAL FIGHT AGAINST CANCER. INITALLY WE ARE FOCUSING OUR EFFORTS, RESOURCES AND COLLABORATION ON SELECTED HIGH-NEED REGIONS WHERE WE CAN PARTNER EFFECTIVELY WITH LOCAL CARE DELIVERY TEAMS. WE WILL BROADLY SHARE BEST PRACTICES AND TOOLS DEVELOPED THROUGH GLOBAL ONCOLOGY'S EFFORTS TO MAXIMIZE IMPACT. WITH ADDITIONAL SUPPORT AND PARTNERSHIPS, WE PLAN TO EXPAND THE APPLICATION OF OUR SCALABLE SOLUTIONS TO ADDITIONAL GEOGRAPHIC AREAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS PERFORM A VARIETY OF FUNCTIONS IN SUPPORT OF THE ORGANIZATION'S MISSION FROM HELPING TO BUILD GLOBAL ONCOLOGY'S INFRASTRUCTURE, TO LEADING AND PARTICIPATING IN PROJECTS, TO PROMOTING AWARENESS OF THE GLOBAL CANCER CRISIS. VOLUNTEERS ARE AT ALL LEVELS OF PROFESSION AND INCLUDE: PHYSICIANS, SCIENTISTS, DESIGNERS, ENGINEERS, PUBLIC HEALTH EXPERTS, POLICYMAKERS, NURSES, LAWYERS AND STUDENTS. THE BOARD OF DIRECTORS ARE ALSO VOLUNTEERS, WHO OVERSEE THE ORGANIZATION AND ENSURE FISCAL RESPONSIBILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED AND GIVEN TO THE BOARD OF DIRECTORS FOR REVIEW. THE AUDIT AND FINANCE COMMITTEE WILL REVIEW AND APPROVE THE INFORMATION RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF A CONFLICT OF INTEREST IS NOTED, THE INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD OF DIRECTORS OR COMMITTEE, THEN HE OR SHE SHALL LEAVE THE MEETING WHILE DISCUSSION AND VOTING OCCURS ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITHIN REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF IT IS NOT REASONABLY POSSIBLE, THEN THE BOARD OR COMMITTEE SHALL VOTE ON THE TRANSACTION OR ARRANGEMENT IN THE ORGANIZATION'S BEST INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST TO THE ORGANZATION, REQUIRED PUBLIC FORMS WILL BE MADE AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING 61,640 3,313 2,700
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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