Civic Intelligence

Institute for Biomedical Entrepreneurship Inc.

990 • Fiscal year 2017 • EIN 81-2546388

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 03, 2018

Organization ProfileWWW.IBEINC.ORG
27 Market StreetIpswich, MA 01938

(781) 245-7773

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

34th percentile

-2.7%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

32nd percentile

-6.8%

Faster asset growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

87%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$97,052

Down $7,124 (-6.8%) from 2016

Net Assets

Down

$96,802

Down $7,124 (-6.9%) from 2016

Liabilities

Flat

$250

Flat from 2016

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin34th percentile

Revenue

Up

$261,900

Up $121,900 (+87%) from 2016

Expenses

Up

$269,024

Up $232,950 (+646%) from 2016

Net Income

Down

-$7,124

Down $111,050 (-107%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$200K$150K$100K$50K$0Assets 2016: $104,176Liabilities 2016: $250Net Assets 2016: $103,9262016Assets 2017: $97,052Liabilities 2017: $250Net Assets 2017: $96,8022017Assets 2018: $30,656Liabilities 2018: $250Net Assets 2018: $30,4062018Assets 2019: $98,408Liabilities 2019: $250Net Assets 2019: $98,1582019Assets 2020: $169,512Liabilities 2020: $250Net Assets 2020: $169,2622020Assets 2021: $97,134Liabilities 2021: $250Net Assets 2021: $96,8842021Assets 2022: $186,436Liabilities 2022: $250Net Assets 2022: $186,1862022Assets 2023: $17,067Liabilities 2023: $250Net Assets 2023: $16,8172023

Highlighted filing

2017

Assets$97,052
Liabilities$250
Net Assets$96,802
Open 2017 Filing

Operations Trend

Revenue Growth91st percentile

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

$600K$400K$200K$0-$200KRevenue 2016: $140,000Expenses 2016: $36,074Net Income 2016: $103,9262016Revenue 2017: $261,900Expenses 2017: $269,024Net Income 2017: -$7,1242017Revenue 2018: $157,845Expenses 2018: $224,241Net Income 2018: -$66,3962018Revenue 2019: $339,600Expenses 2019: $271,848Net Income 2019: $67,7522019Revenue 2020: $185,000Expenses 2020: $113,896Net Income 2020: $71,1042020Revenue 2021: $68,759Expenses 2021: $141,137Net Income 2021: -$72,3782021Revenue 2022: $424,000Expenses 2022: $334,698Net Income 2022: $89,3022022Revenue 2023: $360,000Expenses 2023: $529,369Net Income 2023: -$169,3692023

Highlighted filing

2017

Revenue$261,900
Expenses$269,024
Net Income-$7,124
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 3, 2018
Return Version
2017v2.3
Gross Receipts
$261,900
Mission and Program Overview

Mission

The development and delivery of educational programs for researchers and other innovators to improve public health

The development and delivery of educational programs for researchers and other innovators to improve public health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$104,176$95,728▼ $8,448
Land, Buildings, and Equipment, Net$0$1,324▲ $1,324
Total Assets$104,176$97,052▼ $7,124
Liabilities
Other Liabilities$250$250→ $0
Total Liabilities$250$250→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$103,926$96,802▼ $7,124
Total Net Assets Fund Balance$103,926$96,802▼ $7,124
Total Liabilities and Net Assets / Fund Balance$104,176$97,052▼ $7,124

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,324$120$1,444
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Tony ManningChairman - Board of Directors
Curtis SprousePresident
Gregg FairbrothersVice-president
Charles YonBoard of Director
Curtis SprouseBoard of Director
Gregg FairbrothersBoard of Director
Henry SkinnerBoard of Director
Tony ManningBoard of Director
Tony ManningCEO
Henry SkinnerCOO
Charles YonSecretary
Curtis SprouseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$261,900
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$261,900
Change in Net Assets
$-7,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$269,024
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
Fees for Services Other$116,534$7,820-$124,354
Conferences and Meetings$21,248--$21,248
Office Expenses-$4,864-$4,864
Other Expenses$107,184$1,716-$1,716
Fees for Services Legal-$1,420-$1,420
Fees for Services Accounting-$1,350-$1,350
Travel-$839-$839
All Other Expenses-$669-$669
Depreciation Depletion-$120-$120
Total Functional Expenses$244,966$24,058$0$269,024
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Start Up Loan - Due to Eurekaconnect$250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

“The president approves the organization tax return. After approval; it is provided to the board of directors for review and discussion.”

Form 990, Part VI, Section B, Line 12C

“The organization yearly checks for updates on possible conflicts of interest with board of directors and officers. Anyone with a conflict is required to file an annual statement annually with the organization per article ix, section 7 of the organizations certificate of incorporation documents.”

Form 990, Part VI, Section C, Line 19

“The organization governing documents, conflict of interest policy and financial statements are available upon request and are posted on the massachusetts attorney generals website.”

Filing and Contact Details

Filer

Filer Name
Institute for Biomedical
EIN
81-2546388
Phone
7812457773
Address
27 MARKET STREET, IPSWICH, MA 01938

Signing Officer

Name
Curtis Sprouse
Title
President
Phone
7812457773
Signed
2018-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Curtis Sprouse
Formed
2016
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
5

Preparer

Firm
Stowe & Degon LLC
Address
95A TURNPIKE ROAD, WESTBOROUGH, MA 01581
Preparer
Joseph M Caplice
Phone
5089836700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Conference design and management costs: program service expenses 109,625. Management and general expenses 0. Fundraising expenses 0. Total expenses 109,625. Speaker fees: program service expenses 4,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,900. Website expense: program service expenses 0. Management and general expenses 7,820. Fundraising expenses 0. Total expenses 7,820. Conference audio design costs: program service expenses 2,009. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,009.”

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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/ExplanationTxt0THE PRESIDENT APPROVES THE ORGANIZATION TAX RETURN. AFTER APPROVAL; IT IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION YEARLY CHECKS FOR UPDATES ON POSSIBLE CONFLICTS OF INTEREST WITH BOARD OF DIRECTORS AND OFFICERS. ANYONE WITH A CONFLICT IS REQUIRED TO FILE AN ANNUAL STATEMENT ANNUALLY WITH THE ORGANIZATION PER ARTICLE IX, SECTION 7 OF THE ORGANIZATIONS CERTIFICATE OF INCORPORATION DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ARE POSTED ON THE MASSACHUSETTS ATTORNEY GENERALS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFERENCE DESIGN AND MANAGEMENT COSTS: PROGRAM SERVICE EXPENSES 109,625. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 109,625. SPEAKER FEES: PROGRAM SERVICE EXPENSES 4,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,900. WEBSITE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,820. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,820. CONFERENCE AUDIO DESIGN COSTS: PROGRAM SERVICE EXPENSES 2,009. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,009.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0104176
IRS990/TotalAssetsEOYAmt097052
IRS990/TotalAssetsGrp/BOYAmt0104176
IRS990/TotalAssetsGrp/EOYAmt097052
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0261900
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024058
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0244966
IRS990/TotalFunctionalExpensesGrp/TotalAmt0269024
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0250
IRS990/TotalLiabilitiesEOYAmt0250
IRS990/TotalLiabilitiesGrp/BOYAmt0250
IRS990/TotalLiabilitiesGrp/EOYAmt0250
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0103926
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt096802
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0244966
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0261900
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0104176
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt097052
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0839
IRS990/TravelGrp/TotalAmt0839
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0103926
IRS990/UnrestrictedNetAssetsGrp/EOYAmt096802
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt027 MARKET STREET
IRS990/USAddress/CityNm0IPSWICH
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001938
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.IBEINC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CURTIS SPROUSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07812457773
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSTITUTE FOR BIOMEDICAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ENTREPRENEURSHIP INC
ReturnHeader/Filer/BusinessNameControlTxt0INST
ReturnHeader/Filer/EIN0812546388
ReturnHeader/Filer/PhoneNum07812457773
ReturnHeader/Filer/USAddress/AddressLine1Txt027 MARKET STREET
ReturnHeader/Filer/USAddress/CityNm0IPSWICH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001938
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId032D99A2044F456FF501CD231C2173B464D55710A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId032D99A2044F456FF501CD231C2173B464D55710A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.39.85.10
ReturnHeader/FilingSecurityInformation/IPDt02018-10-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:50:24
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043379904
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STOWE & DEGON LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt095A TURNPIKE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05089836700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH M CAPLICE
ReturnHeader/ReturnTs02018-10-22T12:15:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97,052
Liabilities
$250
Net assets
$96,802
Revenue
$261,900
Expenses
$269,024
Net income
-$7,124
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$3.60$5.29$1.69
2022Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$4.24$3.35$0.89
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.69$1.41$0.72
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.69$1.85$1.14$0.71
2019Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$3.40$2.72$0.68
2018Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.30$1.58$2.24$0.66
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$2.62$2.69$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$1.40$0.36$1.04