Civic Intelligence

Parkinson Study Group Inc

990 • Fiscal year 2022 • EIN 46-5749468

Oct 01, 2021 to Sep 30, 2022 • Filed on Aug 10, 2023

114 16th Street STE 3002Charlestown, MA 02129

(617) 816-1475

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.02x

Higher debt load relative to revenue than 31% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

88th percentile

47%

Higher net margin than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$97,083

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

88th percentile

47%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

105%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,102,918

Up $353,966 (+47%) from 2021

Net Assets

Up

$1,085,185

Up $362,095 (+50%) from 2021

Liabilities

Down

$17,733

Down $8,129 (-31%) from 2021

Revenue

Up

$898,835

Up $459,976 (+105%) from 2021

Expenses

Up

$480,686

Up $96,965 (+25%) from 2021

Net Income

Up

$418,149

Up $363,011 (+658%) from 2021

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: $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

2022

Assets$1,102,918
Liabilities$17,733
Net Assets$1,085,185

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: $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

2022

Revenue$898,835
Expenses$480,686
Net Income$418,149
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 10, 2023
Return Version
2021v4.2
Gross Receipts
$898,835
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$685,115$792,995▲ $107,880
Accounts Receivable$5,000$309,923▲ $304,923
Total Assets$690,115$1,102,918▲ $412,803
Liabilities
Accounts Payable and Accrued Expenses$13,477$11,650▼ $1,827
Deferred Revenue$9,150--
Other Liabilities-$4,078-
Unsecured Notes Loans Payable-$2,005-
Total Liabilities$22,627$17,733▼ $4,894
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$667,488$1,085,185▲ $417,697
Total Net Assets Fund Balance$667,488$1,085,185▲ $417,697
Total Liabilities and Net Assets / Fund Balance$690,115$1,102,918▲ $412,803
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah SperlingExecutive DirectorFT$91,983$5,100$97,083
Eric MacKlinBoard MemberPT$12,938-$12,938
Michael SchwarzchildChairPT$11,715-$11,715
Hubert FernandezCo-ChairPT$7,807-$7,807
Andrew SiderowfBoard MemberPT$4,983-$4,983
Tanya SimuniBoard MemberPT$4,750-$4,750
Allison WillisBoard MemberPT$3,000-$3,000

Board Members and Trustees

NameTitle
Cindy CasaceliBoard Member
Grace BwalaBoard Member
Joel PerlmutterBoard Member
Joohi Jimenez-ShahedBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$52,389
Program Service Revenue
$846,446
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$418,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$355,612
Salaries, Compensation, and Employee Benefits$100,074
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$184,011$1,338-$185,349
Fees for Services Management$92,627$53,875-$146,502
Other Salaries and Wages-$73,333-$73,333
Grants to Domestic Individuals$25,000--$25,000
Comp Disqual Persons$18,188--$18,188
Insurance-$9,843-$9,843
Payroll Taxes-$5,853-$5,853
Information Technology-$4,372-$4,372
Pension Plan Contributions-$2,400-$2,400
Occupancy-$1,474-$1,474
All Other Expenses-$1,000-$1,000
Fees for Services Accounting-$883-$883
Advertising-$644-$644
Other Employee Benefits-$300-$300
Other Expenses$65$209-$65
Travel-$44-$44
Office Expenses-$16-$16
Total Functional Expenses$320,168$160,518$0$480,686
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Tax$1,767
OH LOcal Tax$1,650
Guideline Traditional 401k$933
OH Income Tax$173
OH Unemployment Tax$-445
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

There are two membership classes within the organization consisting of voting members and associate members.

Member election for additional members Part VI 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

Executive committee members are provided a copy of form 990 and a presentation is made at a commettee meeting prior to submission.

Conflict of interest policy compliance Part VI 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

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

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 AIN 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, Charlestown, MA 02129

Signing Officer

Name
Michael Schwarzchild
Title
Chair
Phone
8577062555
Signed
2023-08-10
Discuss with paid preparer
No

Organization Details

Principal Officer
Michael Schwarzchild
Formed
1986
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
4
Employees
1

Preparer

Firm
J&e Accounting and Tax Services Inc
Address
945 CONCORD STREET SUITE 109, FRAMINGHAM, MA 01701
Preparer
Ashraf Wasilidas CPA
Phone
6174626651
Supplemental Narrative

Additional Explanations

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

Prior year adjustment to include deferred revenue adjustment

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/ExplanationTxt0THERE ARE TWO MEMBERSHIP CLASSES WITHIN THE ORGANIZATION CONSISTING OF VOTING MEMBERS AND ASSOCIATE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE VOTING MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE EXECUTIVE COMMITTEE AS TERM LIMITS EXPIRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE COMMITTEE MEMBERS ARE PROVIDED A COPY OF FORM 990 AND A PRESENTATION IS MADE AT A COMMETTEE MEETING PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISCLOSURE 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/ExplanationTxt418: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/ExplanationTxt5COPIES 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/ExplanationTxt6Prior year adjustment to include deferred revenue adjustment
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 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/ExplanationTxt8FORM 990, PART VII, SECTION AIN 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/FormAndLineReferenceDesc7Part III response or note to any other line in Part III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part VII response or note to any other line in Part VII
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Schwarzchild
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum08577062555
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARKINSON STUDY GROUP INC
ReturnHeader/Filer/BusinessNameControlTxt0PARK
ReturnHeader/Filer/EIN0465749468
ReturnHeader/Filer/USAddress/AddressLine1Txt0114 16th Street STE 3002
ReturnHeader/Filer/USAddress/CityNm0Charlestown
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0824025588
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J&E ACCOUNTING AND TAX SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0945 CONCORD STREET SUITE 109

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