Civic Intelligence

VIVLI Inc.

990 • Fiscal year 2017 • EIN 81-4368586

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

14 Story Street 4th FloorCambridge, MA 02138

(617) 496-8063

Siviq Scores

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

Liabilities / Assets

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

38th percentile

0.05x

Higher debt load relative to revenue than 38% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

96th percentile

73%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$60,780

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$2,586,040

No earlier filing loaded for comparison.

Net Assets

$2,415,000

No earlier filing loaded for comparison.

Liabilities

$171,040

No earlier filing loaded for comparison.

Revenue

$3,311,980

No earlier filing loaded for comparison.

Expenses

$896,980

No earlier filing loaded for comparison.

Net Income

$2,415,000

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $2,586,040Liabilities 2017: $171,040Net Assets 2017: $2,415,0002017Assets 2018: $3,852,276Liabilities 2018: $477,826Net Assets 2018: $3,374,4502018Assets 2019: $3,394,783Liabilities 2019: $391,563Net Assets 2019: $3,003,2202019Assets 2020: $4,398,681Liabilities 2020: $722,609Net Assets 2020: $3,676,0722020Assets 2021: $8,179,983Liabilities 2021: $1,404,823Net Assets 2021: $6,775,1602021Assets 2022: $9,263,321Liabilities 2022: $1,308,270Net Assets 2022: $7,955,0512022Assets 2023: $9,940,323Liabilities 2023: $1,567,875Net Assets 2023: $8,372,4482023Assets 2024: $10,639,471Liabilities 2024: $1,451,137Net Assets 2024: $9,188,3342024

Highlighted filing

2017

Assets$2,586,040
Liabilities$171,040
Net Assets$2,415,000

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $3,311,980Expenses 2017: $896,980Net Income 2017: $2,415,0002017Revenue 2018: $2,077,881Expenses 2018: $1,118,431Net Income 2018: $959,4502018Revenue 2019: $1,421,923Expenses 2019: $1,793,153Net Income 2019: -$371,2302019Revenue 2020: $2,781,642Expenses 2020: $2,108,790Net Income 2020: $672,8522020Revenue 2021: $6,030,172Expenses 2021: $2,895,959Net Income 2021: $3,134,2132021Revenue 2022: $5,206,066Expenses 2022: $4,031,230Net Income 2022: $1,174,8362022Revenue 2023: $5,188,320Expenses 2023: $4,783,207Net Income 2023: $405,1132023Revenue 2024: $6,896,288Expenses 2024: $6,100,502Net Income 2024: $795,7862024

Highlighted filing

2017

Revenue$3,311,980
Expenses$896,980
Net Income$2,415,000
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.2
Gross Receipts
$3,311,980
Mission and Program Overview

Mission

To promote, coordinate, and facilitate scientific sharing and reuse of clinical research data through the creation and implementation of a sustainable global data-sharing enterprise

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$1,800,980-
Intangible Assets-$220,165-
Cash and Non-Interest-Bearing Accounts-$180,485-
Savings and Temporary Cash Investments-$20,000-
Total Assets$0$2,586,040▲ $2,586,040
Other Assets Total$0$364,410▲ $364,410
Liabilities
Accounts Payable and Accrued Expenses-$171,040-
Total Liabilities$0$171,040▲ $171,040
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$1,875,980-
Unrestricted Net Assets-$539,020-
Total Net Assets Fund Balance$0$2,415,000▲ $2,415,000
Total Liabilities and Net Assets / Fund Balance$0$2,586,040▲ $2,586,040

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$6,173--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$0$2,950,980-$1,075,000$1,875,980
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebecca LiTreasurer/director/exec. DirectorFT$57,500$3,280$60,780
Ida SimDirector/consultant-$12,000-$12,000

Board Members and Trustees

NameTitle
Barbara BiererPresident/director
Mark BarnesClerk/director
Justin MccarthyDirector
Michael StebbinsDirector
Murray StewartDirector
Sharon TerryDirector
Stuart BuckDirector (resigned 7/31/17)
Revenue and Support

Revenue Composition

Contributions and Grants
$3,311,980
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,311,980
Change in Net Assets
$2,415,000

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$360,000Market Rate
Total Noncash Contributions1$360,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,311,980
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$194,066
Total Revenue per Audited Statements
$3,506,046
Total Revenue per Form 990
$3,311,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$771,323
Salaries, Compensation, and Employee Benefits$125,657
Total Fundraising Expense$29,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$30,234$21,274$21,272$72,780
Other Expenses$50,271--$50,271
Other Salaries and Wages$21,123$17,115$5,334$43,572
Travel$14,766--$14,766
Fees for Services Other$9,626--$9,626
Office Expenses-$9,071-$9,071
Payroll Taxes$3,222$3,127$2,093$8,442
Fees for Services Accounting$446$4,066$446$4,958
Insurance$736$771$494$2,001
Information Technology$1,763--$1,763
Advertising$1,050--$1,050
Other Employee Benefits$393$400$70$863
Depreciation Depletion-$31-$31
Total Functional Expenses$811,416$55,855$29,709$896,980

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,091,046
Expenses per Audited Statements$896,980
Total Expenses per Form 990$896,980
Expenses Not Reported on Form 990$194,066
Expenses Not Reported on Financial Statements$0
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
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 A, Line 8B

There are no committees with authority to act on behalf of the governing body. All matters are acted upon by the full board.

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

The 990 is reviewed by the executive director/treasurer and contracted cfo. The executive director/treasurer will then recommend that the board approve the 990. Once approved, it will be filed.

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

Any actual or potential conflict of interest between an employee of vivli and a competitor, supplier, distributor, or contractor to vivli, must be disclosed by the employee to their manager. If an actual or potential conflict of interest is determined to exist, vivli will take such steps as it deems necessary to reduce or eliminate this conflict.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are open to public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Vivli Inc
EIN
81-4368586
Phone
6174968063
Address
14 STORY STREET 4TH FLOOR, CAMBRIDGE, MA 02138

Signing Officer

Name
Murray Stewart
Title
Current Treasurer
Phone
6174968063
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Li
Formed
2016
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Edelstein and Company Llp
Address
160 FEDERAL STREET 9TH FLOOR, BOSTON, MA 02110
Preparer
Scott Kaplowitch
Phone
6172276161
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Temporarily restricted net assets consisted of the following at 12/31/17: purpose restriction-development of global clinical research data-sharing platform $1,775,980 purpose restriction-to cover salary/benefits of executive director $100,000 total temporarily restricted net assets @ 12/31/17 $1,875,980

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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02950980
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01875980
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01075000
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0194066
IRS990ScheduleD/DonatedServicesUseFcltsAmt0194066
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0194066
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0896980
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0358237
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16173
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNAMORTIZED CLOUD CREDITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DATA LICENSE AGREEMENTS
IRS990ScheduleD/RevenueNotReportedAmt0194066
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03311980
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TEMPORARILY RESTRICTED NET ASSETS CONSISTED OF THE FOLLOWING AT 12/31/17: PURPOSE RESTRICTION-DEVELOPMENT OF GLOBAL CLINICAL RESEARCH DATA-SHARING PLATFORM $1,775,980 PURPOSE RESTRICTION-TO COVER SALARY/BENEFITS OF EXECUTIVE DIRECTOR $100,000 TOTAL TEMPORARILY RESTRICTED NET ASSETS @ 12/31/17 $1,875,980
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0364410
IRS990ScheduleD/TotalExpensesPerForm990Amt0896980
IRS990ScheduleD/TotalRevenuePerForm990Amt03311980
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03506046
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01091046
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0CLOUD STORAGE CREDITS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0MARKET RATE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0360000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. ALL MATTERS ARE ACTED UPON BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR/TREASURER AND CONTRACTED CFO. THE EXECUTIVE DIRECTOR/TREASURER WILL THEN RECOMMEND THAT THE BOARD APPROVE THE 990. ONCE APPROVED, IT WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST BETWEEN AN EMPLOYEE OF VIVLI AND A COMPETITOR, SUPPLIER, DISTRIBUTOR, OR CONTRACTOR TO VIVLI, MUST BE DISCLOSED BY THE EMPLOYEE TO THEIR MANAGER. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, VIVLI WILL TAKE SUCH STEPS AS IT DEEMS NECESSARY TO REDUCE OR ELIMINATE THIS CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE OPEN TO PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01875980
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt02586040
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt02586040
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03311980
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt029709
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055855
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0811416
IRS990/TotalFunctionalExpensesGrp/TotalAmt0896980
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0171040
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0171040
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02415000
IRS990/TotalOtherCompensationAmt03280
IRS990/TotalProgramServiceExpensesAmt0811416
IRS990/TotalReportableCompFromOrgAmt069500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03311980
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02586040
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt014766
IRS990/TravelGrp/TotalAmt014766
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0539020
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014 STORY STREET 4TH FLOOR
IRS990/USAddress/CityNm0CAMBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002138
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.VIVLI.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MURRAY STEWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CURRENT TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06174968063
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIVLI INC
ReturnHeader/Filer/BusinessNameControlTxt0VIVL
ReturnHeader/Filer/EIN0814368586
ReturnHeader/Filer/PhoneNum06174968063
ReturnHeader/Filer/USAddress/AddressLine1Txt014 STORY STREET 4TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002138
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C1284B650163F101757B7047818B4EE77766F5D2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C1284B650163F101757B7047818B4EE77766F5D2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.111.9.114
ReturnHeader/FilingSecurityInformation/IPDt02018-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:50:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042442519
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EDELSTEIN AND COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0160 FEDERAL STREET 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002110
ReturnHeader/PreparerPersonGrp/PhoneNum06172276161
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT KAPLOWITCH
ReturnHeader/ReturnTs02018-05-10T14:25:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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