Civic Intelligence

Parkinson Study Group Inc

990 • Fiscal year 2021 • EIN 46-5749468

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 15, 2022

114 16th Street Ste 3002Boston, MA 02129

(877) 829-5500

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$690,115

Up $130,047 (+23%) from 2020

Net Assets

Up

$667,488

Up $349,536 (+110%) from 2020

Liabilities

Down

$22,627

Down $219,489 (-91%) from 2020

Revenue And Expenses

Revenue

Up

$380,022

Up $2,322 (+0.6%) from 2020

Expenses

Up

$389,635

Up $78,035 (+25%) from 2020

Net Income

Down

-$9,613

Down $75,713 (-115%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2019: $307,019Liabilities 2019: $0Net Assets 2019: $307,0192019Assets 2020: $560,068Liabilities 2020: $242,116Net Assets 2020: $317,9522020Assets 2021: $690,115Liabilities 2021: $22,627Net Assets 2021: $667,4882021Assets 2021: $748,952Liabilities 2021: $25,862Net Assets 2021: $723,0902021Assets 2022: $1,102,918Liabilities 2022: $17,733Net Assets 2022: $1,085,1852022Assets 2023: $1,227,230Liabilities 2023: $95,911Net Assets 2023: $1,131,3192023Assets 2024: $1,166,834Liabilities 2024: $67,943Net Assets 2024: $1,098,8912024Assets 2025: $1,411,276Liabilities 2025: $121,612Net Assets 2025: $1,289,6642025

Highlighted filing

2021

Assets$690,115
Liabilities$22,627
Net Assets$667,488

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2019: $224,943Expenses 2019: $467,924Net Income 2019: -$242,9812019Revenue 2020: $377,700Expenses 2020: $311,600Net Income 2020: $66,1002020Revenue 2021: $380,022Expenses 2021: $389,635Net Income 2021: -$9,6132021Revenue 2021: $438,859Expenses 2021: $383,721Net Income 2021: $55,1382021Revenue 2022: $898,835Expenses 2022: $480,686Net Income 2022: $418,1492022Revenue 2023: $721,063Expenses 2023: $675,644Net Income 2023: $45,4192023Revenue 2024: $966,157Expenses 2024: $998,585Net Income 2024: -$32,4282024Revenue 2025: $1,837,674Expenses 2025: $1,646,901Net Income 2025: $190,7732025

Highlighted filing

2021

Revenue$380,022
Expenses$389,635
Net Income-$9,613
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 15, 2022
Return Version
2020v4.1
Gross Receipts
$380,022
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$486,365$685,115▲ $198,750
Accounts Receivable$73,703$5,000▼ $68,703
Total Assets$560,068$690,115▲ $130,047
Liabilities
Accounts Payable and Accrued Expenses$89,601$13,477▼ $76,124
Deferred Revenue$152,515$9,150▼ $143,365
Total Liabilities$242,116$22,627▼ $219,489
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$165,437$667,488▲ $502,051
Net Assets With Donor Restrictions$152,515--
Total Net Assets Fund Balance$317,952$667,488▲ $349,536
Total Liabilities and Net Assets / Fund Balance$560,068$690,115▲ $130,047
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hubert FernandezCo-chairPT$8,100$8,100
David SimonBoard MemberPT$5,057$5,057
Marie Saint-hilaireBoard MemberPT$3,000$3,000
Michael SchwarzchildChairPT$3,000$3,000
Peter LewittBoard MemberPT$3,000$3,000

Board Members and Trustees

NameTitle
Brad RacetteBoard Member
Cindy CasaceliBoard Member
Eric MacklinBoard Member
Karen WilliamsBoard Member
Kelvin ChouBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$150
Program Service Revenue
$379,872
Investment Income
$0
Other Revenue
$0
All Other Contributions
$150
Change in Net Assets
$-9,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$389,635
Total Fundraising Expense$10,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$250,412$71,277$10,403$332,092
Conferences and Meetings$26,244--$26,244
Information Technology-$8,592-$8,592
Other Expenses$3,225$7,922-$7,922
Fees for Services Accounting-$5,325-$5,325
Total Functional Expenses$279,881$99,351$10,403$389,635
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
Yes
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Form 990, part vi, section a line 6:there are two membership classes within the organization consisting of voting members and associate members.

Member election for additional members Part VI line 7A

Form 990, part vi, section a, line 7a:the voting members of the organization elect the members of the executive committee as term limits expire.

Form 990 governing body review Part VI line 11

Form 990, part vi, section b, line 11b:executive committee members are provided a copy of form 990 and a presentation is made at a committee meeting prior to submission.

Conflict of interest policy compliance Part VI line 12C

Form 990, part vi, section b, line 12c:disclosure forms are required to be completed by executive committee members and members of standing committees and working groups. These forms are updated when there is a change in the status of a psg member regarding a potential conflict of interest. Disclosures are reviewed by legal counsel as needed. Those deemed to be in violation or potential violation are reviewed by members of the standards committee. Recommendations as to the management of these conflicts are then forwarded by the chair of the standards committee to the executive committee for any action necessary.

Form 990 availability to public Part VI line 18

Form 990, part vi, section c, line 18:copies of form 990 and the organizations financial statements are available for public inspection online with the irs and the massachusetts attorney general.

Governing documents etc available to public Part VI line 19

Form 990, part vi, section c, line 19:copies of governing documents and conflict of interest policy are available for public inpection online at the psg website and with the massachusetts attorney general.

Part VII response or note to any other line in Part VII

Form 990, part vii, section a:in accordance with irs guidelines reportable compensation includes compensation for independent contractor services to the filing organization.

Filing and Contact Details

Filer

Filer Name
Parkinson Study Group Inc
EIN
46-5749468
Address
114 16TH STREET STE 3002, BOSTON, MA 02129

Signing Officer

Name
Michael Schwarzchild Md Phd
Title
Chair
Phone
8778295500
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Schwarzchild Md Phd
Formed
1986
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
9
Employees
0

Preparer

Firm
Veritas Tax Business & Consulting
Address
810 Memorial Drive Ste 103, Cambridge, MA 02139
Preparer
Erick Lans
Phone
8577062555
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Organization received remaining balance of funds held by mass general hospital via bank transfer.

List of other fees for services expenses Part IX line 11G

Form 990, part ix, line 11g:program service expenses- stipends - 162,211.88- awards - 75,000- medical editing service - 13,200total other program service expenses - 250,411.88management general & administrative- administrative support - 71,277.64total other management general & administrative - 71,277.45fundraising- program support paid to uor - 10,403total other fundraising - 10,403total other fees for services on form 990, part ix, line 11g, col a - 332,092.33

Part III response or note to any other line in Part III

Form 990, part iii, line 1:to make substantial advances in our understanding and treatment of parkinsons disease and other parkinsonian disorders; working as an efficient, collaborative network of talented clinicians and scientists and operating under a supportive and proactive leadership with broad backing from government, industry, foundation, and patient stake-holders in the parkinson community.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART VI, SECTION A LINE 6:THERE ARE TWO MEMBERSHIP CLASSES WITHIN THE ORGANIZATION CONSISTING OF VOTING MEMBERS AND ASSOCIATE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECTION A, LINE 7A:THE VOTING MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE EXECUTIVE COMMITTEE AS TERM LIMITS EXPIRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, SECTION B, LINE 11B:EXECUTIVE COMMITTEE MEMBERS ARE PROVIDED A COPY OF FORM 990 AND A PRESENTATION IS MADE AT A COMMITTEE MEETING PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART VI, SECTION B, LINE 12C:DISCLOSURE FORMS ARE REQUIRED TO BE COMPLETED BY EXECUTIVE COMMITTEE MEMBERS AND MEMBERS OF STANDING COMMITTEES AND WORKING GROUPS. THESE FORMS ARE UPDATED WHEN THERE IS A CHANGE IN THE STATUS OF A PSG MEMBER REGARDING A POTENTIAL CONFLICT OF INTEREST. DISCLOSURES ARE REVIEWED BY LEGAL COUNSEL AS NEEDED. THOSE DEEMED TO BE IN VIOLATION OR POTENTIAL VIOLATION ARE REVIEWED BY MEMBERS OF THE STANDARDS COMMITTEE. RECOMMENDATIONS AS TO THE MANAGEMENT OF THESE CONFLICTS ARE THEN FORWARDED BY THE CHAIR OF THE STANDARDS COMMITTEE TO THE EXECUTIVE COMMITTEE FOR ANY ACTION NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART VI, SECTION C, LINE 18:COPIES OF FORM 990 AND THE ORGANIZATIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION ONLINE WITH THE IRS AND THE MASSACHUSETTS ATTORNEY GENERAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART VI, SECTION C, LINE 19:COPIES OF GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR PUBLIC INPECTION ONLINE AT THE PSG WEBSITE AND WITH THE MASSACHUSETTS ATTORNEY GENERAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ORGANIZATION RECEIVED REMAINING BALANCE OF FUNDS HELD BY MASS GENERAL HOSPITAL VIA BANK TRANSFER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990, PART IX, LINE 11G:PROGRAM SERVICE EXPENSES- STIPENDS - 162,211.88- AWARDS - 75,000- MEDICAL EDITING SERVICE - 13,200TOTAL OTHER PROGRAM SERVICE EXPENSES - 250,411.88MANAGEMENT GENERAL & ADMINISTRATIVE- ADMINISTRATIVE SUPPORT - 71,277.64TOTAL OTHER MANAGEMENT GENERAL & ADMINISTRATIVE - 71,277.45FUNDRAISING- PROGRAM SUPPORT PAID TO UOR - 10,403TOTAL OTHER FUNDRAISING - 10,403TOTAL OTHER FEES FOR SERVICES ON FORM 990, PART IX, LINE 11G, COL A - 332,092.33
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FORM 990, PART III, LINE 1:TO MAKE SUBSTANTIAL ADVANCES IN OUR UNDERSTANDING AND TREATMENT OF PARKINSONS DISEASE AND OTHER PARKINSONIAN DISORDERS; WORKING AS AN EFFICIENT, COLLABORATIVE NETWORK OF TALENTED CLINICIANS AND SCIENTISTS AND OPERATING UNDER A SUPPORTIVE AND PROACTIVE LEADERSHIP WITH BROAD BACKING FROM GOVERNMENT, INDUSTRY, FOUNDATION, AND PATIENT STAKE-HOLDERS IN THE PARKINSON COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FORM 990, PART VII, SECTION A:IN ACCORDANCE WITH IRS GUIDELINES REPORTABLE COMPENSATION INCLUDES COMPENSATION FOR INDEPENDENT CONTRACTOR SERVICES TO THE FILING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part III response or note to any other line in Part III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part VII response or note to any other line in Part VII
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IRS990/WebsiteAddressTxt0WWW.PARKINSON-STUDY-GROUP.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SCHWARZCHILD MD PHD
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ReturnHeader/BusinessOfficerGrp/PhoneNum08778295500
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARKINSON STUDY GROUP INC
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ReturnHeader/Filer/USAddress/AddressLine1Txt0114 16TH STREET STE 3002
ReturnHeader/Filer/USAddress/CityNm0BOSTON
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0824222360
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Veritas Tax Business & Consulting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0810 Memorial Drive Ste 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cambridge
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002139
ReturnHeader/PreparerPersonGrp/PhoneNum08577062555
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Erick Lans
ReturnHeader/ReturnTs02022-08-15T22:22:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
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ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

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