Civic Intelligence

Usher 1F Collaborative Inc.

990 • Fiscal year 2021 • EIN 46-4309387

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 19, 2022

Organization Profilewww.usher1f.org

View Organization Page

321 Walnut Street STE 228Newtonville, MA 02460

(339) 221-2743

Siviq Scores

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

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

40th percentile

0.05x

Higher debt load relative to revenue than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

6th percentile

-41%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

5th percentile

-16%

Faster asset growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-52%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$1,173,759

Down $224,476 (-16%) from 2020

Net Assets

Down

$1,144,869

Down $253,366 (-18%) from 2020

Liabilities

Up

$28,890

Up $28,890 from 2020

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin6th percentile

Revenue

Down

$597,802

Down $636,127 (-52%) from 2020

Expenses

Up

$840,065

Up $357,508 (+74%) from 2020

Net Income

Down

-$242,263

Down $993,635 (-132%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$1.5M$1.0M$500K$0Assets 2014: $14,265Liabilities 2014: $02014Assets 2015: $127,188Liabilities 2015: $0Net Assets 2015: $127,1882015Assets 2016: $370,001Liabilities 2016: $0Net Assets 2016: $370,0012016Assets 2017: $355,469Liabilities 2017: $0Net Assets 2017: $355,4692017Assets 2018: $298,956Liabilities 2018: $0Net Assets 2018: $298,9562018Assets 2019: $646,863Liabilities 2019: $0Net Assets 2019: $646,8632019Assets 2020: $1,398,235Liabilities 2020: $0Net Assets 2020: $1,398,2352020Assets 2021: $1,173,759Liabilities 2021: $28,890Net Assets 2021: $1,144,8692021Assets 2022: $1,300,335Liabilities 2022: $5,320Net Assets 2022: $1,295,0152022Assets 2023: $810,900Liabilities 2023: $7,699Net Assets 2023: $803,2012023Assets 2024: $781,549Liabilities 2024: $3,731Net Assets 2024: $777,8182024Assets 2025: $691,312Liabilities 2025: $55,407Net Assets 2025: $635,9052025

Highlighted filing

2021

Assets$1,173,759
Liabilities$28,890
Net Assets$1,144,869
Open 2021 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $23,785Expenses 2014: $11,571Net Income 2014: $12,2142014Revenue 2015: $215,611Expenses 2015: $102,688Net Income 2015: $112,9232015Revenue 2016: $469,810Expenses 2016: $226,997Net Income 2016: $242,8132016Revenue 2017: $425,468Expenses 2017: $440,000Net Income 2017: -$14,5322017Revenue 2018: $409,468Expenses 2018: $465,981Net Income 2018: -$56,5132018Revenue 2019: $783,556Expenses 2019: $435,650Net Income 2019: $347,9062019Revenue 2020: $1,233,929Expenses 2020: $482,557Net Income 2020: $751,3722020Revenue 2021: $597,802Expenses 2021: $840,065Net Income 2021: -$242,2632021Revenue 2022: $1,082,978Expenses 2022: $932,832Net Income 2022: $150,1462022Revenue 2023: $446,533Expenses 2023: $646,264Net Income 2023: -$199,7312023Revenue 2024: $845,716Expenses 2024: $871,099Net Income 2024: -$25,3832024Revenue 2025: $743,572Expenses 2025: $885,485Net Income 2025: -$141,9132025

Highlighted filing

2021

Revenue$597,802
Expenses$840,065
Net Income-$242,263
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 19, 2022
Return Version
2021v4.2
Gross Receipts
$597,802
Mission and Program Overview

Mission

To fund medical research to find an effective treatment to save or restore the vision of those affected with Usher Syndrome Type 1F.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,366,303$1,148,588▼ $217,715
Cash and Non-Interest-Bearing Accounts$32,646$25,171▼ $7,475
Total Assets$1,400,926$1,173,759▼ $227,167
Other Assets Total$1,977--
Liabilities
Accounts Payable and Accrued Expenses$13,794$28,890▲ $15,096
Total Liabilities$13,794$28,890▲ $15,096
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,079,453$1,138,869▲ $59,416
Net Assets With Donor Restrictions$307,679$6,000▼ $301,679
Total Net Assets Fund Balance$1,387,132$1,144,869▼ $242,263
Total Liabilities and Net Assets / Fund Balance$1,400,926$1,173,759▼ $227,167
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Melissa ChaikofPresident
Elliot ChaikofVice President
Jared RootDirector
Joshua CohenDirector
Joshua HerzDirector
Julian SeewaldDirector
Laurie ShapiroDirector
Lijun SunDirector
Sari L SpringerDirector
Rachel RootSecretary
Frank GentileTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$596,676
Program Service Revenue
$0
Investment Income
$1,126
Other Revenue
$0
All Other Contributions
$596,676
Change in Net Assets
$-242,263

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$50,477Fair Market Value (FMV)
Total Noncash Contributions1$50,477-

Audited Revenue Reconciliation

Revenue per Audited Statements
$597,802
Total Revenue per Audited Statements
$597,802
Total Revenue per Form 990
$597,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$585,000
Other Expenses$198,372
Total Fundraising Expense$106,146
Salaries, Compensation, and Employee Benefits$56,693
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$535,000--$535,000
Fees for Services Other$1,000$850$61,698$63,548
Advertising$25,105-$31,198$56,303
Foreign Grants$50,000--$50,000
Other Salaries and Wages$3,170$39,275-$42,445
Conferences and Meetings$24,567--$24,567
Office Expenses$7,179$5,176$5,365$17,720
Information Technology$455$8,088$7,885$16,428
Fees for Services Accounting$75$13,477-$13,552
Payroll Taxes$670$8,301-$8,971
Other Employee Benefits$304$3,773-$4,077
Insurance-$3,202-$3,202
Depreciation Depletion-$1,977-$1,977
Pension Plan Contributions$90$1,110-$1,200
Fees for Services Legal-$599-$599
Fees for Services Management-$476-$476
Total Functional Expenses$647,615$86,304$106,146$840,065

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$840,065
Total Expenses per Audited Statements$840,065
Total Expenses per Form 990$840,065
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation Fighting BlindnessColumbia, MD501c3-$200,000
Harvard UniversityCambridge, MA501c3-$150,000
University of Maryland FoundationBaltimore, MD501c3-$100,000
University of Oregon FoundationEugene, OR501c3-$85,000
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
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Melissa Chaikof is married to Elliot Chaikof. Rachel Root is married to Jared Root. Sari Springer is Elliot Chaikofs sister.”

Form 990 governing body review Part VI line 11

“The 990 is reviewed by an officer of the board prior to filing.”

Governing documents etc available to public Part VI line 19

“The Organization will provide document copies upon request.”

Filing and Contact Details

Filer

Filer Name
Usher 1F Collaborative Inc
EIN
46-4309387
Address
321 Walnut Street STE 228, Newtonville, MA 02460

Signing Officer

Name
Melissa Chaikof
Title
President
Phone
3392212743
Signed
2022-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Chaikof
Formed
2013
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
50

Preparer

Firm
Mullins PC
Address
7625 Wisconsin Avenue, Bethesda, MD 20814
Preparer
John Mullins
Phone
2027706371
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Collaborative may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities at year-end.The Collaboratives policy would be to recognize interest and penalties, if any, on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. No interest and penalties were assessed or recorded during the year.”

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IRS990/PrincipalOfficerNm0Melissa Chaikof
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Collaborative may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities at year-end.The Collaboratives policy would be to recognize interest and penalties, if any, on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. No interest and penalties were assessed or recorded during the year.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
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IRS990ScheduleI/RecipientTable/CashGrantAmt185000
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Harvard University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1University of Oregon Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Foundation Fighting Blindness
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3University of Maryland Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0042103580
IRS990ScheduleI/RecipientTable/RecipientEIN1936015767
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IRS990ScheduleI/RecipientTable/RecipientEIN3521125663
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01033 Massachusetts Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11720 E 13th Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt26925 Oakland Mills Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3800 West Baltimore Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Cambridge
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Eugene
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Columbia
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Baltimore
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organization receives written updates from the grant recipients every six months or as needed if there are important progress updates. The Organization also speaks to the funded researchers periodically to receive updated either via phone or email.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Melissa Chaikof is married to Elliot Chaikof. Rachel Root is married to Jared Root. Sari Springer is Elliot Chaikofs sister.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is reviewed by an officer of the board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization will provide document copies upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/StatesWhereCopyOfReturnIsFldCd0MA
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,173,759
Liabilities
$28,890
Net assets
$1,144,869
Revenue
$597,802
Expenses
$840,065
Net income
-$242,263
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.69$0.06$0.64$0.74$0.89$0.14
2024Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.85$0.87$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.45$0.65$0.20
2022Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.30$1.08$0.93$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.03$1.14$0.60$0.84$0.24
2020Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$1.23$0.48$0.75
2019Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.78$0.44$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.41$0.47$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.43$0.44$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.47$0.23$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.22$0.10$0.11
2014Summary only. Only limited summary data is available for this year.$0.01$0.00$0.02$0.01$0.01