Civic Intelligence

Walsh Research Institute

990 • Fiscal year 2015 • EIN 80-0213945

Oct 01, 2014 to Sep 30, 2015 • Filed on Oct 30, 2015

1155 S Washington StNaperville, IL 60540

(630) 596-5095

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

80th percentile

25%

Higher net margin than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

96th percentile

$66,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 26.9% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

78th percentile

32%

Faster asset growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$214,235

Up $52,360 (+32%) from 2014

Net Assets

Up

$212,169

Up $52,624 (+33%) from 2014

Liabilities

Down

$2,066

Down $264 (-11%) from 2014

Revenue

Up

$245,749

Up $60,873 (+33%) from 2014

Expenses

Up

$185,445

Up $26,209 (+16%) from 2014

Net Income

Up

$60,304

Up $34,664 (+135%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $95,938Liabilities 2010: $415Net Assets 2010: $95,5232010Assets 2011: $136,083Liabilities 2011: $0Net Assets 2011: $136,0832011Assets 2012: $183,913Liabilities 2012: $12,440Net Assets 2012: $171,4732012Assets 2013: $136,565Liabilities 2013: $2,794Net Assets 2013: $133,7712013Assets 2014: $161,875Liabilities 2014: $2,330Net Assets 2014: $159,5452014Assets 2015: $214,235Liabilities 2015: $2,066Net Assets 2015: $212,1692015Assets 2016: $255,728Liabilities 2016: $6,409Net Assets 2016: $249,3192016Assets 2017: $163,525Liabilities 2017: $7,837Net Assets 2017: $155,6882017Assets 2018: $122,722Liabilities 2018: $12,239Net Assets 2018: $110,4832018Assets 2019: $150,577Liabilities 2019: $14,528Net Assets 2019: $136,0492019Assets 2020: $275,445Liabilities 2020: $140,795Net Assets 2020: $134,6502020Assets 2021: $258,807Liabilities 2021: $56,984Net Assets 2021: $201,8232021Assets 2022: $316,509Liabilities 2022: $128,678Net Assets 2022: $187,8312022Assets 2023: $326,385Liabilities 2023: $100,361Net Assets 2023: $226,0242023Assets 2024: $255,977Liabilities 2024: $28,660Net Assets 2024: $227,3172024Assets 2025: $96,806Liabilities 2025: $24,513Net Assets 2025: $72,2932025

Highlighted filing

2015

Assets$214,235
Liabilities$2,066
Net Assets$212,169

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $107,492Expenses 2010: $89,689Net Income 2010: $17,8032010Revenue 2011: $138,578Expenses 2011: $98,933Net Income 2011: $39,6452011Revenue 2012: $196,478Expenses 2012: $160,184Net Income 2012: $36,2942012Revenue 2013: $128,238Expenses 2013: $165,963Net Income 2013: -$37,7252013Revenue 2014: $184,876Expenses 2014: $159,236Net Income 2014: $25,6402014Revenue 2015: $245,749Expenses 2015: $185,445Net Income 2015: $60,3042015Revenue 2016: $321,390Expenses 2016: $283,857Net Income 2016: $37,5332016Revenue 2017: $234,166Expenses 2017: $327,797Net Income 2017: -$93,6312017Revenue 2018: $274,496Expenses 2018: $319,701Net Income 2018: -$45,2052018Revenue 2019: $293,591Expenses 2019: $268,025Net Income 2019: $25,5662019Revenue 2020: $201,504Expenses 2020: $202,023Net Income 2020: -$5192020Revenue 2021: $180,094Expenses 2021: $212,920Net Income 2021: -$32,8262021Revenue 2022: $173,883Expenses 2022: $152,125Net Income 2022: $21,7582022Revenue 2023: $197,713Expenses 2023: $195,273Net Income 2023: $2,4402023Revenue 2024: $195,052Expenses 2024: $193,759Net Income 2024: $1,2932024Revenue 2025: $144,373Expenses 2025: $299,397Net Income 2025: -$155,0242025

Highlighted filing

2015

Revenue$245,749
Expenses$185,445
Net Income$60,304
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Oct 30, 2015
Return Version
2014v5.0
Gross Receipts
$245,749
Mission and Program Overview

Mission

1. engage in research in the fields of biochemistry and molecular biology; 2. train and educate in the areas of biochemistry and advanced nutrient therapy; 3. aid or assist medical researchers and/or medical practitioners in clinical practice; 4. establish, assist in establishment of or otherwise finance research and education in the fields of autism, behavior disorders, ADHD, depression, bipolar disorders, schizophrenia, neurodegenerative diseases, and various orphan diseases; 5. promote, develop and expand awareness of the efficacy and power of individualized nutrient therapy; 6. prepare and publish information regarding research findings, clinical methods and outcomes, advanced laboratory assays, advanced treatment protocols, and the genetics, biophysics, and biochemistry of mental disorders; and 7. supplement or assist in the work of any school, college, university or institute in scientific research and the development of advanced treatment modalities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$161,875$210,532▲ $48,657
Accounts Receivable-$3,703-
Total Assets$161,875$214,235▲ $52,360
Liabilities
Accounts Payable and Accrued Expenses$10,010$2,066▼ $7,944
Total Liabilities$10,010$2,066▼ $7,944
Net Assets / Fund Balance
Unrestricted Net Assets$151,865$212,169▲ $60,304
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$151,865$212,169▲ $60,304
Total Liabilities and Net Assets / Fund Balance$161,875$214,235▲ $52,360
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
William WalshChief ExecutiveFT$66,000$66,000
Albert H P K MensahDirector-$2,500$2,500
Judy E BowmanDirector-$2,500$2,500

Board Members and Trustees

NameTitle
Dr Susan AugustineDirector
John G ProvenzaleDirector
Richard S Peabody JrDirector
Molly Walsh PietrowiczDirector, Sec of BOD
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$245,710
Investment Income
$39
Other Revenue
$0
Change in Net Assets
$60,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,401
Salaries, Compensation, and Employee Benefits$55,044
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$56,015--$56,015
Current Officers, Directors, Trustees, and Key Employees$55,044--$55,044
Conferences and Meetings$31,422--$31,422
All Other Expenses$20,550--$20,550
Fees for Services Accounting$7,500--$7,500
Occupancy$6,624--$6,624
Travel$4,129--$4,129
Office Expenses$2,096--$2,096
Insurance$1,202--$1,202
Fees for Services Legal$863--$863
Total Functional Expenses$185,445$0$0$185,445
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

Via email and in person board meeting.

Form 990, Part VI, Section B, Line 15

Via email and in person board meeting.

Form 990, Part VI, Section C, Line 19

Upon Request and via Guidestar

Filing and Contact Details

Filer

Filer Name
Walsh Research Institute
EIN
80-0213945
Phone
6305965095
Address
1155 S Washington St, Naperville, IL 60540

Signing Officer

Name
William Walsh
Title
President
Phone
6309234675
Signed
2015-10-30

Organization Details

Principal Officer
William Walsh
Formed
2008
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
5
Employees
1
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional Fees

Form 990, Part IX, Line 24E

Computer expenses, Telepohone, Office Supply, CME fees, Bank Charges

Raw XML Appendix392 raw XML fields

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/MissionDesc01. engage in research in the fields of biochemistry and molecular biology; 2. train and educate in the areas of biochemistry and advanced nutrient therapy; 3. aid or assist medical researchers and/or medical practitioners in clinical practice; 4. establish, assist in establishment of or otherwise finance research and education in the fields of autism, behavior disorders, ADHD, depression, bipolar disorders, schizophrenia, neurodegenerative diseases, and various orphan diseases; 5. promote, develop and expand awareness of the efficacy and power of individualized nutrient therapy; 6. prepare and publish information regarding research findings, clinical methods and outcomes, advanced laboratory assays, advanced treatment protocols, and the genetics, biophysics, and biochemistry of mental disorders; and 7. supplement or assist in the work of any school, college, university or institute in scientific research and the development of advanced treatment modalities.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt045251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0245710
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0139610
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0128160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0196411
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0138578
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0848469
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0893720
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0245710
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0184861
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0128160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0196411
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0138578
IRS990ScheduleA/Total509Grp/TotalAmt0893720
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0245710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0184861
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0128160
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0196411
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0138578
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0893720
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Via email and in person board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Via email and in person board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon Request and via Guidestar
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Professional Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Computer expenses, Telepohone, Office Supply, CME fees, Bank Charges
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0161875
IRS990/TotalAssetsEOYAmt0214235
IRS990/TotalAssetsGrp/BOYAmt0161875
IRS990/TotalAssetsGrp/EOYAmt0214235
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0185445
IRS990/TotalFunctionalExpensesGrp/TotalAmt0185445
IRS990/TotalGrossUBIAmt039
IRS990/TotalLiabilitiesBOYAmt010010
IRS990/TotalLiabilitiesEOYAmt02066
IRS990/TotalLiabilitiesGrp/BOYAmt010010
IRS990/TotalLiabilitiesGrp/EOYAmt02066
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0151865
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0212169
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt016588
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0245710
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0245710
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0185445
IRS990/TotalProgramServiceRevenueAmt0245710
IRS990/TotalReportableCompFromOrgAmt071000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0245710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0245749
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt039
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0161875
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0214235
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04129
IRS990/TravelGrp/TotalAmt04129
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0151865
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0212169
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01155 South Washington Street
IRS990/USAddress/AddressLine2Txt0Suite 2B
IRS990/USAddress/CityNm0Naperville
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060540
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0walshinstitute.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0William Walsh
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06309234675
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALSH RESEARCH INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0WALS
ReturnHeader/Filer/EIN0800213945
ReturnHeader/Filer/PhoneNum06305965095
ReturnHeader/Filer/USAddress/AddressLine1Txt01155 S Washington St
ReturnHeader/Filer/USAddress/CityNm0Naperville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060540
ReturnHeader/ReturnTs02015-10-31T11:39:11-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.97$0.25$0.72$1.44$2.99$1.55
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.29$2.27$1.95$1.94$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$1.00$2.26$1.98$1.95$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.17$1.29$1.88$1.74$1.52$0.22
2021Detailed filing. Detailed filing data is available for this year.$2.59$0.57$2.02$1.80$2.13$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.75$1.41$1.35$2.02$2.02$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.15$1.36$2.94$2.68$0.26
2018Summary only. Only limited summary data is available for this year.$1.23$0.12$1.10$2.74$3.20$0.45
2017Detailed filing. Detailed filing data is available for this year.$1.64$0.08$1.56$2.34$3.28$0.94
2016Detailed filing. Detailed filing data is available for this year.$2.56$0.06$2.49$3.21$2.84$0.38
2015Detailed filing. Detailed filing data is available for this year.$2.14$0.02$2.12$2.46$1.85$0.60
2014Detailed filing. Detailed filing data is available for this year.$1.62$0.02$1.60$1.85$1.59$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.03$1.34$1.28$1.66$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.12$1.71$1.96$1.60$0.36
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.00$1.36$1.39$0.99$0.40
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.00$0.96$1.07$0.90$0.18