Civic Intelligence

Asapbio

990 • Fiscal year 2017 • EIN 81-4921243

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileASAPBIO.ORG

View Organization Page

600 16th St Ste N312eSan Francisco, CA 94143-2517

(267) 614-1411

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

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

Liabilities / Revenue

14th percentile

0.00x

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

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

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

$994,142

No earlier filing loaded for comparison.

Net Assets

$994,142

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin99th percentile

Revenue

$1,001,831

No earlier filing loaded for comparison.

Expenses

$7,689

No earlier filing loaded for comparison.

Net Income

$994,142

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $994,142Liabilities 2017: $0Net Assets 2017: $994,1422017Assets 2018: $1,559,187Liabilities 2018: $5,702Net Assets 2018: $1,553,4852018Assets 2019: $1,008,711Liabilities 2019: $8,905Net Assets 2019: $999,8062019Assets 2020: $716,805Liabilities 2020: $14,401Net Assets 2020: $702,4042020Assets 2021: $1,131,816Liabilities 2021: $5,241Net Assets 2021: $1,126,5752021Assets 2022: $1,011,205Liabilities 2022: $10,057Net Assets 2022: $1,001,1482022Assets 2023: $718,151Liabilities 2023: $9,540Net Assets 2023: $708,6112023Assets 2024: $478,835Liabilities 2024: $6,949Net Assets 2024: $471,8862024

Highlighted filing

2017

Assets$994,142
Liabilities$0
Net Assets$994,142
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2017: $1,001,831Expenses 2017: $7,689Net Income 2017: $994,1422017Revenue 2018: $648,370Expenses 2018: $89,027Net Income 2018: $559,3432018Revenue 2019: $50,578Expenses 2019: $604,257Net Income 2019: -$553,6792019Revenue 2020: $77,386Expenses 2020: $374,788Net Income 2020: -$297,4022020Revenue 2021: $730,995Expenses 2021: $306,824Net Income 2021: $424,1712021Revenue 2022: $169,088Expenses 2022: $294,515Net Income 2022: -$125,4272022Revenue 2023: $8,990Expenses 2023: $301,527Net Income 2023: -$292,5372023Revenue 2024: $59,643Expenses 2024: $296,368Net Income 2024: -$236,7252024

Highlighted filing

2017

Revenue$1,001,831
Expenses$7,689
Net Income$994,142
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$1,001,831
Mission and Program Overview

Mission

Asapbio is accelerating the open communication of life sciences research, promoting the advancement of discovery and the dissemination of knowledge for the public good, and empowering early career researchers with mechanisms for demonstrating their productivity.

In early 2017, asapbio planned to facilitate the technological development and operation of an archive and search tool for preprints in the life sciences according to principles set out by a consortium of research funders. However, rapid changes in the preprint ecosystem prompted us to halt these plans, conduct a landscaping excercise that culminated in a meeting to discuss technological gaps in the existing preprint ecosystem, and ultimately refocus our preprint efforts on increasing awareness and promoting best practices for their use. At the same time, we began exploring and advocating for increased transparency in peer review.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$950,358-
Cash and Non-Interest-Bearing Accounts-$43,784-
Total Assets$0$994,142▲ $994,142
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$993,784-
Unrestricted Net Assets-$358-
Total Net Assets Fund Balance$0$994,142▲ $994,142
Total Liabilities and Net Assets / Fund Balance$0$994,142▲ $994,142
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Ron ValePresident
Cynthia WolbergerVice President
Carly StrasserDirector
Daniel Colon-ramosDirector
Harlan KrumholzDirector
Harold VarmusDirector
Maria LeptinDirector
Tony HymanDirector
Jessica PolkaExecutive Director
James FraserSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,001,498
Program Service Revenue
$0
Investment Income
$333
Other Revenue
$0
All Other Contributions
$993,809
Change in Net Assets
$994,142

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,001,831
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,001,831
Total Revenue per Form 990
$1,001,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,689
Total Fundraising Expense$1,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$4,501$1,200$5,701
Insurance-$1,988-$1,988
Total Functional Expenses$0$6,489$1,200$7,689

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,689
Total Expenses per Audited Statements$7,689
Total Expenses per Form 990$7,689
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
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

“The organization does not have any committees with authority to act on behalf of the governing body.”

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

“The prepared form 990 is reviewed in detail by a designated member of the governing body who makes a report to the rest of the governing body. The entire governing body also conducts a general review of the return before it is filed with the irs.”

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

“Annually all directors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The members of the governing body make determinations of whether a conflict exists and review actual conflicts. Any person with a conflict is prohibited from participating in the governing body's deliberations and decisions in the transaction.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Asapbio
EIN
81-4921243
Phone
2676141411
Address
600 16TH ST STE N312E, SAN FRANCISCO, CA 94143-2517

Signing Officer

Name
Jessica Polka
Title
Executive Director
Phone
2676141411
Signed
2018-11-14

Organization Details

Principal Officer
Jessica Polka
Formed
2017
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
30

Preparer

Firm
Wegner Cpas Llp
Address
230 PARK AVE FL 3, NEW YORK, NY 10169-0005
Preparer
Yigit Uctum CPA
Phone
2125511724
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Asapbio explored outstanding questions in peer review in the life sciences and began organizing a meeting in collaboration with howard hughes medical institute and czi: http://asapbio.org/peer-review.”

Raw XML Appendix322 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/ActivityOrMissionDesc0IN EARLY 2017, ASAPBIO PLANNED TO FACILITATE THE TECHNOLOGICAL DEVELOPMENT AND OPERATION OF AN ARCHIVE AND SEARCH TOOL FOR PREPRINTS IN THE LIFE SCIENCES ACCORDING TO PRINCIPLES SET OUT BY A CONSORTIUM OF RESEARCH FUNDERS. HOWEVER, RAPID CHANGES IN THE PREPRINT ECOSYSTEM PROMPTED US TO HALT THESE PLANS, CONDUCT A LANDSCAPING EXCERCISE THAT CULMINATED IN A MEETING TO DISCUSS TECHNOLOGICAL GAPS IN THE EXISTING PREPRINT ECOSYSTEM, AND ULTIMATELY REFOCUS OUR PREPRINT EFFORTS ON INCREASING AWARENESS AND PROMOTING BEST PRACTICES FOR THEIR USE. AT THE SAME TIME, WE BEGAN EXPLORING AND ADVOCATING FOR INCREASED TRANSPARENCY IN PEER REVIEW.
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IRS990/MissionDesc0ASAPBIO IS ACCELERATING THE OPEN COMMUNICATION OF LIFE SCIENCES RESEARCH, PROMOTING THE ADVANCEMENT OF DISCOVERY AND THE DISSEMINATION OF KNOWLEDGE FOR THE PUBLIC GOOD, AND EMPOWERING EARLY CAREER RESEARCHERS WITH MECHANISMS FOR DEMONSTRATING THEIR PRODUCTIVITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASAPBIO EXPLORED OUTSTANDING QUESTIONS IN PEER REVIEW IN THE LIFE SCIENCES AND BEGAN ORGANIZING A MEETING IN COLLABORATION WITH HOWARD HUGHES MEDICAL INSTITUTE AND CZI: HTTP://ASAPBIO.ORG/PEER-REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PREPARED FORM 990 IS REVIEWED IN DETAIL BY A DESIGNATED MEMBER OF THE GOVERNING BODY WHO MAKES A REPORT TO THE REST OF THE GOVERNING BODY. THE ENTIRE GOVERNING BODY ALSO CONDUCTS A GENERAL REVIEW OF THE RETURN BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0994142
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0333
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01001831
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0994142
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0358
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0600 16TH ST STE N312E
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0941432517
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0ASAPBIO.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JESSICA POLKA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02676141411
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASAPBIO
ReturnHeader/Filer/BusinessNameControlTxt0ASAP
ReturnHeader/Filer/EIN0814921243
ReturnHeader/Filer/PhoneNum02676141411
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 16TH ST STE N312E
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0941432517
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06BE22992A1FE3C9B6F79F8315EFC85A5D6DFCE95
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B169A553E6FC674180C4B0C62460B1C0CC916730
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0172.102.5.106
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:51:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 PARK AVE FL 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101690005
ReturnHeader/PreparerPersonGrp/PhoneNum02125511724
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YIGIT UCTUM CPA
ReturnHeader/ReturnTs02018-11-14T14:34:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-09
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
$994,142
Liabilities
$0
Net assets
$994,142
Revenue
$1,001,831
Expenses
$7,689
Net income
$994,142
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.01$0.47$0.06$0.30$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.01$0.71$0.01$0.30$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.01$1.00$0.17$0.29$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.01$1.13$0.73$0.31$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.01$0.70$0.08$0.37$0.30
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.01$1.00$0.05$0.60$0.55
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.01$1.55$0.65$0.09$0.56
2017Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$1.00$0.01$0.99