Civic Intelligence

Phact-MI Inc

990 • Fiscal year 2022 • EIN 47-2715845

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 07, 2023

Organization ProfileWWW.PHACTMI.ORG
PO Box 23Glen Mills, PA 19342

(267) 305-2235

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

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

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

11th percentile

0.00x

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

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

3rd percentile

-48%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

26th percentile

$0

Higher top officer pay than 26% of similar nonprofits.

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

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

4th percentile

-26%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-10%

Faster revenue growth than 16% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$2,497,757

Down $887,305 (-26%) from 2021

Net Assets

Down

$2,497,757

Down $887,305 (-26%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin3rd percentile

Revenue

Down

$1,816,995

Down $208,179 (-10%) from 2021

Expenses

Up

$2,686,183

Up $817,422 (+44%) from 2021

Net Income

Down

-$869,188

Down $1,025,601 (-656%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2022

Assets$2,497,757
Liabilities$0
Net Assets$2,497,757
Open 2022 Filing

Operations Trend

Revenue Growth16th 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

2022

Revenue$1,816,995
Expenses$2,686,183
Net Income-$869,188
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 7, 2023
Return Version
2022v5.0
Gross Receipts
$1,816,995
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,738,951$1,242,207▼ $496,744
Cash and Non-Interest-Bearing Accounts$1,646,111$769,784▼ $876,327
Investments in Publicly Traded Securities-$485,766-
Total Assets$3,385,062$2,497,757▼ $887,305
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,385,062$2,497,757▼ $887,305
Total Net Assets Fund Balance$3,385,062$2,497,757▼ $887,305
Total Liabilities and Net Assets / Fund Balance$3,385,062$2,497,757▼ $887,305
Compensation and Service Providers
Top Officer Pay26th percentile

Board Members and Trustees

NameTitle
Leena JindiaPast President
Mary SendiPresident
Stacey FungVice President
Dominick AlbanoBoard Member Emertius
Darshan KulkarniDirector of Compliance
Jane OreperDirector of Insights
Kristin GoettnerDirector of Membership Services
Katherine MertonDirector of Partnerships
Divyesh KhetiaDirector of Technology
Marie-ange NoueSecretary
Christopher KeenanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Confideo LLCAdvertising215 PARK AVENUE SOUTH 11TH FLOOR, New York, NY 10003, Ca$446,133
Globant LLCTechnology875 HOWARD ST 3RD FLOOR, San Francisco, CA 94103$413,841
ElsevierLicense Fee230 PARK AVE, New York, NY 10169$250,000
BridgeableTechnology4430 STONEBRIDGE ROAD, Destin, FL 32541$247,990
Reilly ConsultingConsulting/pmo Services-$233,732
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,805,000
Investment Income
$11,995
Other Revenue
$0
Change in Net Assets
$-869,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,686,183
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---$1,134,410
Fees for Services Management---$736,634
Advertising---$567,719
Other Expenses---$94,897
Fees for Services Other---$89,776
Office Expenses---$30,770
Fees for Services Legal---$15,537
Fees for Services Accounting---$11,583
Fees for Service Investment Mgmnt Fees---$4,857
Total Functional Expenses$0$0$0$2,686,183
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members.”

Form 990, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section A, Line 7B

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

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Phact-mi Inc
EIN
47-2715845
Phone
2673052235
Address
PO BOX 23, GLEN MILLS, PA 19342

Signing Officer

Name
Christopher Keenan
Title
Treasurer
Phone
2673052235
Signed
2023-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Sendi
Formed
2014
Legal Domicile
De
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
350

Preparer

Firm
James Moore & Co Pl
Address
5931 NW 1ST PL, GAINESVILLE, FL 32607-2063
Preparer
Corinne Laroche
Phone
3523781331
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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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IRS990/PYRevenuesLessExpensesAmt0156413
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01868761
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02025174
IRS990/ReconcilationRevenueExpnssAmt0-869188
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01738951
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01242207
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS HAVE THE POWER TO APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE MEMBERS ARE SOMETIMES REQUIRED TO VOTE ON VARIOUS DECISIONS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 WILL BE SENT TO ALL BOARD MEMBER FOR REVIEW AFTER FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03385062
IRS990/TotalAssetsEOYAmt02497757
IRS990/TotalAssetsGrp/BOYAmt03385062
IRS990/TotalAssetsGrp/EOYAmt02497757
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02686183
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03385062
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02497757
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt02686183
IRS990/TotalProgramServiceExpensesAmt02686183
IRS990/TotalProgramServiceRevenueAmt01805000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt011995
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01805000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01816995
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0350
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03385062
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02497757
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 23
IRS990/USAddress/CityNm0GLEN MILLS
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019342
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.PHACTMI.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPHER KEENAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02673052235
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHACT-MI INC
ReturnHeader/Filer/BusinessNameControlTxt0PHAC
ReturnHeader/Filer/EIN0472715845
ReturnHeader/Filer/PhoneNum02673052235
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 23
ReturnHeader/Filer/USAddress/CityNm0GLEN MILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019342
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593204548
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES MOORE & CO PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05931 NW 1ST PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAINESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0326072063
ReturnHeader/PreparerPersonGrp/PhoneNum03523781331
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CORINNE LAROCHE
ReturnHeader/ReturnTs02023-06-16T10:26:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTOPHER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KEENAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,497,757
Liabilities
$0
Net assets
$2,497,757
Revenue
$1,816,995
Expenses
$2,686,183
Net income
-$869,188
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