Civic Intelligence

Oligonucleotide Therapeutics Society

990 • Fiscal year 2018 • EIN 57-1162250

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

4377 Newport AvenueSan Diego, CA 92107

(619) 300-6484

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

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

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

21st percentile

0.00x

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

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

85th percentile

19%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

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

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

31%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$963,733

Up $154,479 (+19%) from 2017

Net Assets

Up

$963,733

Up $154,479 (+19%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$822,106

Up $192,526 (+31%) from 2017

Expenses

Up

$667,627

Up $162,424 (+32%) from 2017

Net Income

Up

$154,479

Up $30,102 (+24%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $89,548Liabilities 2012: $0Net Assets 2012: $89,5482012Assets 2013: $143,952Liabilities 2013: $0Net Assets 2013: $143,9522013Assets 2014: $316,523Liabilities 2014: $0Net Assets 2014: $316,5232014Assets 2015: $520,000Liabilities 2015: $0Net Assets 2015: $520,0002015Assets 2016: $684,877Liabilities 2016: $0Net Assets 2016: $684,8772016Assets 2017: $809,254Liabilities 2017: $0Net Assets 2017: $809,2542017Assets 2018: $963,733Liabilities 2018: $0Net Assets 2018: $963,7332018Assets 2019: $977,950Liabilities 2019: $0Net Assets 2019: $977,9502019Assets 2020: $1,260,770Liabilities 2020: $0Net Assets 2020: $1,260,7702020Assets 2021: $1,697,866Liabilities 2021: $0Net Assets 2021: $1,697,8662021Assets 2022: $1,817,748Liabilities 2022: $0Net Assets 2022: $1,817,7482022Assets 2023: $1,734,820Liabilities 2023: $0Net Assets 2023: $1,734,8202023Assets 2024: $2,063,953Liabilities 2024: $0Net Assets 2024: $2,063,9532024

Highlighted filing

2018

Assets$963,733
Liabilities$0
Net Assets$963,733

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $354,659Expenses 2012: $341,964Net Income 2012: $12,6952012Revenue 2013: $419,112Expenses 2013: $364,708Net Income 2013: $54,4042013Revenue 2014: $583,947Expenses 2014: $406,918Net Income 2014: $177,0292014Revenue 2015: $656,604Expenses 2015: $453,127Net Income 2015: $203,4772015Revenue 2016: $688,648Expenses 2016: $521,105Net Income 2016: $167,5432016Revenue 2017: $629,580Expenses 2017: $505,203Net Income 2017: $124,3772017Revenue 2018: $822,106Expenses 2018: $667,627Net Income 2018: $154,4792018Revenue 2019: $844,284Expenses 2019: $830,066Net Income 2019: $14,2182019Revenue 2020: $601,451Expenses 2020: $313,631Net Income 2020: $287,8202020Revenue 2021: $788,991Expenses 2021: $388,431Net Income 2021: $400,5602021Revenue 2022: $1,230,167Expenses 2022: $1,077,810Net Income 2022: $152,3572022Revenue 2023: $1,561,718Expenses 2023: $1,644,646Net Income 2023: -$82,9282023Revenue 2024: $1,653,140Expenses 2024: $1,324,007Net Income 2024: $329,1332024

Highlighted filing

2018

Revenue$822,106
Expenses$667,627
Net Income$154,479
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$822,106
Mission and Program Overview

Mission

Educational organization created to discuss oligonucleotide research and therapeutics development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$614,914$936,167▲ $321,253
Cash and Non-Interest-Bearing Accounts$194,340$27,566▼ $166,774
Total Assets$809,254$963,733▲ $154,479
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$809,254$963,733▲ $154,479
Total Net Assets Fund Balance$809,254$963,733▲ $154,479
Total Liabilities and Net Assets / Fund Balance$809,254$963,733▲ $154,479
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brett MoniaImmediate Past President
Arthur KriegPresident
Annemieke Aartsma-RusPresident Elect
Anastasia KhvorovaDirector
David BlakeyDirector
David CoreyDirector
Frank RigoDirector
Fritz EcksteinDirector
John RossiDirector
Mark A KayDirector
Mike GaitDirector
Muthiah ManoharanDirector
Paloma GiangrandeDirector
Steven DowdyDirector
Takanori YokotaDirector
Tom TuschlDirector
Jonathan K WattsSecretary
Marc LemaitreTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Event InnovationsEvent management & society management4377 Newport Avenue, San Diego, CA 92107$138,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$820,986
Investment Income
$381
Other Revenue
$739
Change in Net Assets
$154,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$634,177
Grants and Similar Amounts Paid$33,450
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$444,803$0$0$444,803
Fees for Services Management$52,800$17,600$0$70,400
Grants to Domestic Individuals$20,850--$20,850
Office Expenses$15,753$1,118$0$16,871
Foreign Grants$12,600--$12,600
Travel$9,270$3,090$0$12,360
Information Technology$4,365$1,455$0$5,820
Other Expenses$2,834$928$0$3,762
Fees for Services Accounting$0$1,360$0$1,360
Total Functional Expenses$636,270$31,357$0$667,627
International Activity

International Summary

Offices
0
Employees
0
Spending
$12,600

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrants to recipients located in the region-00$8,850
East Asia and PacificGrants to recipients located in the region-00$3,000
North AmericaGrants to recipients located in the region-00$750
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Filing and Contact Details

Filer

Filer Name
Oligonucleotide Therapeutics Society
EIN
57-1162250
Phone
6193006484
Address
4377 Newport Avenue, San Diego, CA 92107

Signing Officer

Name
Arthur Krieg
Title
President
Phone
6193006484
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur Krieg
Formed
2002
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
39

Preparer

Firm
Janet L McClean CPA
Address
6031 Paseo Carreta, Carlsbad, CA 92009
Preparer
Janet L McClean
Phone
7602133008
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The membership of the society shall be divided into the following classes: regular members, student members, and emeritus/honory members. All members shall have equal voting rights. A member in good standing may nominate candidates for the board and the scientific advisory committee.

Pt VI, Line 7A

Each member in good standing has the right to exercise one vote per open Directors position for the election of the Directors by online proxy on the bi-annual election date, the results of which shall be sent out in writing or announced at the bi-annual conference. Members shall have no other voting rights.

Pt VI, Line 8B

There are no committees with authority to act on behalf of the board.

Pt VI, Line 11B

Form 990 is prepared by an independent accountant. It is then reviewed in detail by the management partner and passed to the President and Treasurer for signautre and final review.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/MissionDesc0Oligonucleotide Therapeutics Society (OTS) is an educational organization created to provide a neutral forum for the dissemination of information and scientific exchange in all aspects of oligonucleotide research and therapeutic development.
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IRS990/PartialLiquidationInd0false
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IRS990/PrincipalOfficerNm0Arthur Krieg
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grants to recipients located in the region
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Grants to recipients located in the region
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Grants to recipients located in the region
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Grants provided are for only travel. Travel grant funds are only provided to the awardee AFTER the conclusion of the annual meeting to ensure they have attended.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1There is a spreadsheet that lists each awardee and their location of residence (US or foreign recipient) and method of payment (check/wire). The society accounts for foreign expenditures using the cash method of accounting.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The membership of the society shall be divided into the following classes: regular members, student members, and emeritus/honory members. All members shall have equal voting rights. A member in good standing may nominate candidates for the board and the scientific advisory committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member in good standing has the right to exercise one vote per open Directors position for the election of the Directors by online proxy on the bi-annual election date, the results of which shall be sent out in writing or announced at the bi-annual conference. Members shall have no other voting rights.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no committees with authority to act on behalf of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is prepared by an independent accountant. It is then reviewed in detail by the management partner and passed to the President and Treasurer for signautre and final review.
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