Civic Intelligence

Ispe Foundation Inc.

990 • Fiscal year 2022 • EIN 61-1856137

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

600 N Westshore Blvd Suite 900Tampa, FL 33609

(813) 960-2105

Siviq Scores

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

Liabilities / Assets

84th percentile

0.41x

Higher debt load relative to assets than 84% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

0.65x

Higher debt load relative to revenue than 88% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

77th percentile

25%

Faster asset growth than 77% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

30th percentile

-7.4%

Faster revenue growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$521,590

Up $104,194 (+25%) from 2021

Net Assets

Down

$307,602

Down $36,229 (-11%) from 2021

Liabilities

Up

$213,988

Up $140,423 (+191%) from 2021

Revenue

Down

$331,152

Down $26,309 (-7.4%) from 2021

Expenses

Up

$367,381

Up $72,702 (+25%) from 2021

Net Income

Down

-$36,229

Down $99,011 (-158%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $194,426Liabilities 2018: $84,523Net Assets 2018: $109,9032018Assets 2019: $271,577Liabilities 2019: $119,792Net Assets 2019: $151,7852019Assets 2020: $292,307Liabilities 2020: $11,258Net Assets 2020: $281,0492020Assets 2021: $417,396Liabilities 2021: $73,565Net Assets 2021: $343,8312021Assets 2022: $521,590Liabilities 2022: $213,988Net Assets 2022: $307,6022022Assets 2023: $539,992Liabilities 2023: $178,981Net Assets 2023: $361,0112023Assets 2024: $500,564Liabilities 2024: $0Net Assets 2024: $500,5642024

Highlighted filing

2022

Assets$521,590
Liabilities$213,988
Net Assets$307,602

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $136,639Expenses 2018: $45,362Net Income 2018: $91,2772018Revenue 2019: $85,113Expenses 2019: $43,231Net Income 2019: $41,8822019Revenue 2020: $222,934Expenses 2020: $93,670Net Income 2020: $129,2642020Revenue 2021: $357,461Expenses 2021: $294,679Net Income 2021: $62,7822021Revenue 2022: $331,152Expenses 2022: $367,381Net Income 2022: -$36,2292022Revenue 2023: $618,079Expenses 2023: $704,059Net Income 2023: -$85,9802023Revenue 2024: $656,011Expenses 2024: $516,458Net Income 2024: $139,5532024

Highlighted filing

2022

Revenue$331,152
Expenses$367,381
Net Income-$36,229
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Dec 7, 2023
Return Version
2022v5.0
Gross Receipts
$351,887
Mission and Program Overview

Mission

A) provide a forum to identify and discuss major issues and problems that effect the pharmaceutical and related health care technology industry. B) raise funds for the research and development of practical applications for the advancement of health care technology worldwide. C) provide a channel for chapters and affiliates to provide scholarship money for students choosing the pharmaceutical engineering field. Whatever acivities or projects are funded will enhance the entire industry, which will benefit the members of ispe.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$404,241$452,090▲ $47,849
Accounts Receivable$2,655$65,000▲ $62,345
Land, Buildings, and Equipment, Net$10,500$4,500▼ $6,000
Total Assets$417,396$521,590▲ $104,194
Liabilities
Deferred Revenue-$138,889-
Other Liabilities$73,565$75,099▲ $1,534
Total Liabilities$73,565$213,988▲ $140,423
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$238,471$180,112▼ $58,359
Net Assets With Donor Restrictions$105,360$127,490▲ $22,130
Total Net Assets Fund Balance$343,831$307,602▼ $36,229
Total Liabilities and Net Assets / Fund Balance$417,396$521,590▲ $104,194

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,500$35,938$40,438
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$351,848
Program Service Revenue
$0
Investment Income
$39
Other Revenue
$-20,735
All Other Contributions
$255,098
Change in Net Assets
$-36,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$199,368
Other Expenses$168,013
Total Fundraising Expense$186
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$32,205$148,889-$181,094
Travel$21,478$26,455-$47,933
Information Technology-$19,988-$19,988
Payroll Taxes-$13,748-$13,748
Advertising$11,423--$11,423
Office Expenses$6,370$1,001-$7,371
Depreciation Depletion$6,000--$6,000
Other Employee Benefits-$4,526-$4,526
Fees for Services Other$2,784$743$186$3,713
Insurance-$3,629-$3,629
Fees for Services Accounting-$2,450-$2,450
Other Expenses$55,000$70-$70
Total Functional Expenses$135,260$231,935$186$367,381
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,735
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$96,750-$20,425-
Total Events$96,750-$20,735$-20,735
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Ispe, Inc.$75,099
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Management duties delegated
No

Governance Explanations

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

A public accounting firm was hired to prepare and analyze the form 990. Guy block and mark hernick acted as representatives to review the form 990.

Form 990, Page 6, Part VI, Line 19

All governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Ispe Foundation Inc
EIN
61-1856137
Phone
8139602105
Address
600 N WESTSHORE BLVD SUITE 900, TAMPA, FL 33609

Signing Officer

Name
Tom Hartman
Title
CEO & President
Phone
8139602105
Signed
2023-12-07

Organization Details

Principal Officer
Tom Hartman
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
18

Preparer

Firm
Dearolf & Mereness Llp
Address
15425 N FLORIDA AVE, TAMPA, FL 33613
Preparer
Michael Zichmiller
Phone
8132695700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

A) provide a forum to identify and discuss major issues and problems that effect the pharmaceutical and related health care technology industry. B) raise funds for the research and development of practical applications for the advancement of health care technology worldwide. C) provide a channel for chapters and affiliates to provide scholarship money for students choosing the pharmaceutical engineering field. Whatever acivities or projects are funded will enhance the entire industry, which will benefit the members of ispe.

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IRS990/MissionDesc0A) PROVIDE A FORUM TO IDENTIFY AND DISCUSS MAJOR ISSUES AND PROBLEMS THAT EFFECT THE PHARMACEUTICAL AND RELATED HEALTH CARE TECHNOLOGY INDUSTRY. B) RAISE FUNDS FOR THE RESEARCH AND DEVELOPMENT OF PRACTICAL APPLICATIONS FOR THE ADVANCEMENT OF HEALTH CARE TECHNOLOGY WORLDWIDE. C) PROVIDE A CHANNEL FOR CHAPTERS AND AFFILIATES TO PROVIDE SCHOLARSHIP MONEY FOR STUDENTS CHOOSING THE PHARMACEUTICAL ENGINEERING FIELD. WHATEVER ACIVITIES OR PROJECTS ARE FUNDED WILL ENHANCE THE ENTIRE INDUSTRY, WHICH WILL BENEFIT THE MEMBERS OF ISPE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ISPE WOMEN IN PHARMA WILL PROVIDE WOMEN IN THE PHARMACEUTICAL INDUSTRY PROFESSIONAL TRAINING AND EDUCATION TO FOSTER MENTORSHIP AND NETWORKING FOR WOMEN AND ETHNICALLY DIVERSE PEOPLE, TO DRIVE THEIR SUCCESSFUL CAREER PROGRESS. A COMMUNITY OF WIP MENTORS, RESOURCES ACROSS ALL LEVELS, AND EDUCATIONAL SESSIONS WILL BE AN ENABLER FOR CAREER SUCCESS AND WORK-LIFE BALANCE.
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01154112
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IRS990ScheduleD/TotalLiabilityAmt075099
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A) PROVIDE A FORUM TO IDENTIFY AND DISCUSS MAJOR ISSUES AND PROBLEMS THAT EFFECT THE PHARMACEUTICAL AND RELATED HEALTH CARE TECHNOLOGY INDUSTRY. B) RAISE FUNDS FOR THE RESEARCH AND DEVELOPMENT OF PRACTICAL APPLICATIONS FOR THE ADVANCEMENT OF HEALTH CARE TECHNOLOGY WORLDWIDE. C) PROVIDE A CHANNEL FOR CHAPTERS AND AFFILIATES TO PROVIDE SCHOLARSHIP MONEY FOR STUDENTS CHOOSING THE PHARMACEUTICAL ENGINEERING FIELD. WHATEVER ACIVITIES OR PROJECTS ARE FUNDED WILL ENHANCE THE ENTIRE INDUSTRY, WHICH WILL BENEFIT THE MEMBERS OF ISPE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A PUBLIC ACCOUNTING FIRM WAS HIRED TO PREPARE AND ANALYZE THE FORM 990. GUY BLOCK AND MARK HERNICK ACTED AS REPRESENTATIVES TO REVIEW THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine1Txt0600 N WESTSHORE BLVD SUITE 900
IRS990/USAddress/CityNm0TAMPA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033609
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IRS990/WebsiteAddressTxt0WWW.ISPEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM HARTMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO & PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08139602105
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE ISPE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ISPE
ReturnHeader/Filer/EIN0611856137
ReturnHeader/Filer/PhoneNum08139602105
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 N WESTSHORE BLVD SUITE 900

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