Civic Intelligence

Phact-MI Inc

990 • Fiscal year 2021 • EIN 47-2715845

Jan 01, 2021 to Dec 31, 2021 • Filed on Jan 21, 2022

Organization ProfileWWW.PHACTMI.ORG
PO Box 320West Point, PA 19486

(267) 305-2235

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

42nd percentile

7.7%

Higher net margin than 42% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

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

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

30th percentile

4.8%

Faster asset growth than 30% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

9.5%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$3,385,062

Up $156,413 (+4.8%) from 2020

Net Assets

Up

$3,385,062

Up $156,413 (+4.8%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin42nd percentile

Revenue

Up

$2,025,174

Up $175,066 (+9.5%) from 2020

Expenses

Up

$1,868,761

Up $442,591 (+31%) from 2020

Net Income

Down

$156,413

Down $267,525 (-63%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $3,228,649Liabilities 2020: $0Net Assets 2020: $3,228,6492020Assets 2021: $3,385,062Liabilities 2021: $0Net Assets 2021: $3,385,0622021Assets 2022: $2,497,757Liabilities 2022: $0Net Assets 2022: $2,497,7572022Assets 2023: $1,490,683Liabilities 2023: $0Net Assets 2023: $1,490,6832023Assets 2024: $787,516Liabilities 2024: $0Net Assets 2024: $787,5162024Assets 2025: $1,075,565Liabilities 2025: $0Net Assets 2025: $1,075,5652025

Highlighted filing

2021

Assets$3,385,062
Liabilities$0
Net Assets$3,385,062
Open 2021 Filing

Operations Trend

Revenue Growth50th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2020: $1,850,108Expenses 2020: $1,426,170Net Income 2020: $423,9382020Revenue 2021: $2,025,174Expenses 2021: $1,868,761Net Income 2021: $156,4132021Revenue 2022: $1,816,995Expenses 2022: $2,686,183Net Income 2022: -$869,1882022Revenue 2023: $1,767,451Expenses 2023: $2,815,444Net Income 2023: -$1,047,9932023Revenue 2024: $1,792,871Expenses 2024: $2,531,420Net Income 2024: -$738,5492024Revenue 2025: $2,647,892Expenses 2025: $2,393,498Net Income 2025: $254,3942025

Highlighted filing

2021

Revenue$2,025,174
Expenses$1,868,761
Net Income$156,413
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 21, 2022
Return Version
2021v4.0
Gross Receipts
$2,025,174
Mission and Program Overview

Mission

Phact-mi, inc. Is a collaboration of medical information leaders across the pharmaceutical industry. The members of phact-mi, inc. Have collaborated to provide healthcare professionals (hcps) access to medical information across their organizations through a single point of access to address hcps' growing needs for transparent medical information.

Phact-mi, inc. Is a collaboration of medical information departments across the pharmaceutical industry. The members of phact-mi, inc. Have collaborated to provide healthcare professionals (hcps) access to medical information across their organizations through a single point of access to address hcps' growing needs for transparent medical information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,738,777$1,738,951▲ $174
Cash and Non-Interest-Bearing Accounts$1,489,872$1,646,111▲ $156,239
Total Assets$3,228,649$3,385,062▲ $156,413
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,228,649$3,385,062▲ $156,413
Total Net Assets Fund Balance$3,228,649$3,385,062▲ $156,413
Total Liabilities and Net Assets / Fund Balance$3,228,649$3,385,062▲ $156,413
Compensation and Service Providers
Top Officer Pay25th percentile

Board Members and Trustees

NameTitle
Mary SendiPresident
Dominick AlbanoBoard Member
Christopher KeenanDirector
Darshan KulkarniDirector
Joanne JaniDirector
Jung LeeDirector
Katherine MertonDirector
Leena JindiaPast Preside
Marie-ange NoueSecretary
Anne Flanigan-minnickTreasurer
Stacey FungVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,025,000
Program Service Revenue
$0
Investment Income
$174
Other Revenue
$0
All Other Contributions
$30,000
Change in Net Assets
$156,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,868,761
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology---$722,693
Fees for Services Management---$539,709
Advertising---$257,619
Fees for Services Other---$144,697
Fees for Services Legal---$33,525
Insurance---$14,993
Fees for Services Accounting---$11,000
Conferences and Meetings---$1,476
Other Expenses---$300
All Other Expenses---$72
Total Functional Expenses$0$0$0$1,868,761
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
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Former DirectorConsulting ServicesNo$197,420
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has members.”

Form 990, Page 6, Part VI, Line 7A

“The members have the power to appoint members of the governing body.”

Form 990, Page 6, Part VI, Line 7B

“Executive members are sometime required to vote on various decisions of the organization.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 will be sent to all board member for review after filing the return.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Phact-mi Inc
EIN
47-2715845
Phone
2673052235
Address
PO BOX 320, WEST POINT, PA 19486

Signing Officer

Name
Christopher Keenan
Title
Director
Phone
2673052235
Signed
2022-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Sendi
Formed
2014
Legal Domicile
De
Voting Board Members
33
Independent Board Members
33
Employees
0
Volunteers
320

Preparer

Firm
James Moore & Co Pl
Address
112 E FORT KING ST, OCALA, FL 34471
Preparer
Ronald P White CPA
Phone
3523691120
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Phact-mi, inc. Is a collaboration of medical information departments across the pharmaceutical industry. The members of phact-mi, inc. Have collaborated to provide healthcare professionals (hcps) access to medical information across their organizations through a single point of access to address hcps' growing needs for transparent medical information.”

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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/ExplanationTxt0PHACT-MI, INC. IS A COLLABORATION OF MEDICAL INFORMATION DEPARTMENTS ACROSS THE PHARMACEUTICAL INDUSTRY. THE MEMBERS OF PHACT-MI, INC. HAVE COLLABORATED TO PROVIDE HEALTHCARE PROFESSIONALS (HCPS) ACCESS TO MEDICAL INFORMATION ACROSS THEIR ORGANIZATIONS THROUGH A SINGLE POINT OF ACCESS TO ADDRESS HCPS' GROWING NEEDS FOR TRANSPARENT MEDICAL INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS HAVE THE POWER TO APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE MEMBERS ARE SOMETIME REQUIRED TO VOTE ON VARIOUS DECISIONS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FORM 990 WILL BE SENT TO ALL BOARD MEMBER FOR REVIEW AFTER FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01868761
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03228649
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03385062
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0174
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02025174
IRS990/TotalVolunteersCnt0320
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03228649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03385062
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 ARCOLA ROAD
IRS990/USAddress/AddressLine2Txt0PFIZER
IRS990/USAddress/CityNm0COLLEGEVILLE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019426
IRS990/VotingMembersGoverningBodyCnt033
IRS990/VotingMembersIndependentCnt033
IRS990/WebsiteAddressTxt0WWW.PHACTMI.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPHER KEENAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02673052235
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHACT-MI INC
ReturnHeader/Filer/BusinessNameControlTxt0PHAC
ReturnHeader/Filer/EIN0472715845
ReturnHeader/Filer/PhoneNum02673052235
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 320
ReturnHeader/Filer/USAddress/CityNm0WEST POINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019486
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593204548
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES MOORE & CO PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0112 E FORT KING ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OCALA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034471
ReturnHeader/PreparerPersonGrp/PhoneNum03523691120
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD P WHITE CPA
ReturnHeader/ReturnTs02022-02-18T08:34:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTOPHER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KEENAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,385,062
Liabilities
$0
Net assets
$3,385,062
Revenue
$2,025,174
Expenses
$1,868,761
Net income
$156,413
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$2.65$2.39$0.25
2024Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$1.79$2.53$0.74
2023Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$1.77$2.82$1.05
2022Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$1.82$2.69$0.87
2021Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$2.03$1.87$0.16
2020Summary only. Only limited summary data is available for this year.$3.23$0.00$3.23$1.85$1.43$0.42