Civic Intelligence

Global Coalition for Adaptive Research Inc.

990 • Fiscal year 2022 • EIN 82-1199380

Jan 01, 2022 to Dec 31, 2022 • Filed on May 12, 2023

700 Larkspur Landing Circle 199Larkspur, CA 94939-1754

(617) 299-6471

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.37x

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

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

65th percentile

0.61x

Higher debt load relative to revenue than 65% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$748,256

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

93rd percentile

46%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

26th percentile

-8.6%

Faster revenue growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Up

$59,575,227

Up $18,834,352 (+46%) from 2021

Net Assets

Up

$37,822,973

Up $10,962,518 (+41%) from 2021

Liabilities

Up

$21,752,254

Up $7,871,834 (+57%) from 2021

Revenue

Down

$35,373,148

Down $3,346,549 (-8.6%) from 2021

Expenses

Up

$24,083,323

Up $4,880,158 (+25%) from 2021

Net Income

Down

$11,289,825

Down $8,226,707 (-42%) from 2021

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0-$20MAssets 2017: $44,119Liabilities 2017: $300,000Net Assets 2017: -$105,8812017Assets 2018: $109,128Liabilities 2018: $157,655Net Assets 2018: -$48,5272018Assets 2019: $7,395,124Liabilities 2019: $755,402Net Assets 2019: $6,639,7222019Assets 2020: $28,309,589Liabilities 2020: $23,032,332Net Assets 2020: $5,277,2572020Assets 2021: $40,740,875Liabilities 2021: $13,880,420Net Assets 2021: $26,860,4552021Assets 2022: $59,575,227Liabilities 2022: $21,752,254Net Assets 2022: $37,822,9732022Assets 2023: $59,610,730Liabilities 2023: $19,617,460Net Assets 2023: $39,993,2702023Assets 2024: $63,602,270Liabilities 2024: $24,355,112Net Assets 2024: $39,247,1582024

Highlighted filing

2022

Assets$59,575,227
Liabilities$21,752,254
Net Assets$37,822,973

Operations Trend

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

$40M$20M$0-$20MRevenue 2017: $0Expenses 2017: $105,881Net Income 2017: -$105,8812017Revenue 2018: $2,525,750Expenses 2018: $2,468,396Net Income 2018: $57,3542018Revenue 2019: $11,915,160Expenses 2019: $5,226,911Net Income 2019: $6,688,2492019Revenue 2020: $15,863,066Expenses 2020: $10,452,245Net Income 2020: $5,410,8212020Revenue 2021: $38,719,697Expenses 2021: $19,203,165Net Income 2021: $19,516,5322021Revenue 2022: $35,373,148Expenses 2022: $24,083,323Net Income 2022: $11,289,8252022Revenue 2023: $28,779,160Expenses 2023: $29,710,627Net Income 2023: -$931,4672023Revenue 2024: $27,688,488Expenses 2024: $30,895,157Net Income 2024: -$3,206,6692024

Highlighted filing

2022

Revenue$35,373,148
Expenses$24,083,323
Net Income$11,289,825
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 12, 2023
Return Version
2022v5.0
Gross Receipts
$35,373,148
Mission and Program Overview

Mission

Our mission is to lead the development and ongoing management of clinical trial platforms to accelerate the discovery and development of cures for patients with rare and deadly diseases.

To lead the development and ongoing management of clinical trial platforms to accelerate the discovery and development of cures for patients with rare and deadly diseases.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$30,360,174$0▼ $30,360,174
Investments in Publicly Traded Securities$0$26,178,251▲ $26,178,251
Investments Other Securities$0$20,969,142▲ $20,969,142
Cash and Non-Interest-Bearing Accounts$5,668,875$7,218,662▲ $1,549,787
Accounts Receivable$4,551,658$3,062,438▼ $1,489,220
Prepaid Expenses and Deferred Charges$160,168$2,146,734▲ $1,986,566
Total Assets$40,740,875$59,575,227▲ $18,834,352
Liabilities
Deferred Revenue$8,910,607$12,660,231▲ $3,749,624
Accounts Payable and Accrued Expenses$3,469,813$7,592,023▲ $4,122,210
Other Liabilities$1,500,000$1,500,000→ $0
Total Liabilities$13,880,420$21,752,254▲ $7,871,834
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,860,455$37,822,973▲ $10,962,518
Total Net Assets Fund Balance$26,860,455$37,822,973▲ $10,962,518
Total Liabilities and Net Assets / Fund Balance$40,740,875$59,575,227▲ $18,834,352

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$20,969,142--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Meredith BuxtonChief Executive Officer & PresidentFT$450,000$298,256$748,256
Robert MurrayChief Business OfficerFT$249,326$121,062$370,388
Rachael ColemanCFO/COOFT$251,567$104,635$356,202
Ashley PowellExecutive Director of Trial OpsFT$199,663$92,060$291,723
Matthew VivaAssoc Director Legal/secretaryFT$170,992$74,681$245,673
Sarah UntchAssoc Director Trial OpsFT$150,011$70,961$220,972
Tracey RobertsAssoc Director, Clinical OperationsFT$160,000$49,835$209,835
Apoorva NelliSenior Clinical ScientistFT$153,303$42,070$195,373
Rachel Rosenstein SissonSr Director of AdministrationFT$150,000$36,674$186,674
Adam JohnsonSr Manager Clin Data ManagementFT$105,563$60,083$165,646
Timothy Cloughesy MdChief Medical Officer and DirectorPT$120,000-$120,000
Gary Gordon Md PhdSenior Medical Advisor and Director-$84,000-$84,000
Wk Alfred Yung MdInvestigator China-chair, Agile & Director-$48,360-$48,360

Board Members and Trustees

NameTitle
Faramarz Yousefzadeh Jd LlmChairman of the Board
Brian Alexander Md MphDirector
John Frishkopf MmsDirector
Webster Cavenee PhdDirector
Sujuan Ba PhdSecretary (thru Mid-dec)/director

Highest Paid Contractors

ContractorServicesLocationCompensation
IqviaClinical Research1700 PERIMETER PARK DR, Morrisville, NC 27560$12,693,182
Berry ConsultantsStatistical Data3345 BEE CAVES RD STE 201, Austin, TX 78746$606,987
MedidataClinical Research350 HUDSON ST 9TH FLOOR, New York, NY 10014$382,571
Wilson SonsiniLegal Services650 PAGE MILL RD, Palo Alto, CA 94304$187,973
Monalee Schultzmrs ConsultingLegal Services315 VIA SAN SEBASTIAN, Redondo Beach, CA 90277$136,796
Revenue and Support

Revenue Composition

Contributions and Grants
$543,271
Program Service Revenue
$34,345,933
Investment Income
$483,944
Other Revenue
$0
All Other Contributions
$543,271
Change in Net Assets
$11,289,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,373,148
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-163,325
Total Revenue per Audited Statements
$35,209,823
Total Revenue per Form 990
$35,373,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,359,003
Salaries, Compensation, and Employee Benefits$4,724,320
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$18,629,731$56,201-$18,685,932
Current Officers, Directors, Trustees, and Key Employees$2,002,135$262,467-$2,264,602
Other Salaries and Wages$1,759,648$212,969-$1,972,617
Insurance$31,016$199,586-$230,602
Payroll Taxes$201,215$26,378-$227,593
Other Employee Benefits$172,303$22,588-$194,891
Information Technology$5,686$101,997-$107,683
Travel$70,555$29,098-$99,653
Fees for Services Legal$39,810$48,595-$88,405
Pension Plan Contributions$57,128$7,489-$64,617
Fees for Services Accounting-$38,752-$38,752
Office Expenses$2,038$36,255-$38,293
Conferences and Meetings$19,240$13,721-$32,961
Advertising$1,285$23,057-$24,342
Fees for Service Investment Mgmnt Fees-$7,108-$7,108
Occupancy$278$4,994-$5,272
Total Functional Expenses$22,992,068$1,091,255$0$24,083,323

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$24,247,305
Total Expenses per Form 990$24,083,323
Expenses per Audited Statements$24,076,215
Expenses Not Reported on Form 990$171,090
Expenses Not Reported on Financial Statements$7,108
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
Refundable Advance$1,500,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 4

The organization amended its bylaws to recognize the change in corporate name from agile research foundation, inc. To global coalition for adaptive research, inc.; introduced staggered terms for current and future board members; made administrative changes to the authorities delegated to the ceo and added descriptions of the offices of the coo, cmo and cso.; remove the chief international development officer as an officer position; and indicate that the chief financial officer serves as treasurer.

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

Chairman of the board reviews with accounting firm. Once form is complete, form is reviewed with the entire board.

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

Each director and officer is required to submit an updated conflict of interest statement on an annual basis. To the extent that relationships are identified via these statements and other information, the individual's constituent record in the company database is updated to include this information, facilitating periodic queries, as necessary. Any board member with a conflict must identify the conflict at any board meeting where the conflict is relevant. The member cannot be present at any part of the meeting where the relevant topic is discussed or voted on. The member cannot be counted for a quorum.

Form 990, Part VI, Section B, Line 15

The board of directors is responsible for the review and approval of top level executive management compensation annually. Independent professional experts are called upon for higher level positions and assist in establishing executive salaries in the competitive marketplace. Salaries in both for profit and not for profit organizations are evaluated in order to attract the most talented personnel. Information is gathered, analyzed and discussed with the intent on ensuring that the executive compensation program falls within a reasonable range of competitive practices for comparable positions among similarly situated organizations. The review includes incentive plans and all fringe benefits as well as base salary arrangements.

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
Global Coalition for Adaptive Research
EIN
82-1199380
Phone
6172996471
Address
700 LARKSPUR LANDING CIRCLE 199, LARKSPUR, CA 94939-1754

Signing Officer

Name
Rachael Coleman
Title
CFO/COO
Phone
6172996471
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Meredith Buxton
Formed
2017
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
5
Employees
31
Volunteers
39

Preparer

Firm
Wegner Cpas Llp
Address
419 N LEE ST, ALEXANDRIA, VA 22314-2301
Preparer
Glenn Miller CPA
Phone
7035190990
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Trial expenses: program service expenses 18,629,731. Management and general expenses 56,201. Fundraising expenses 0. Total expenses 18,685,932.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

INVESTMENT FEES -7,108.

Raw XML AppendixShowing 400 of 708 raw XML fields

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IRS990/Form990PartVIISectionAGrp/PersonNm4SUJUAN BA PHD
IRS990/Form990PartVIISectionAGrp/PersonNm5TIMOTHY CLOUGHESY MD
IRS990/Form990PartVIISectionAGrp/PersonNm6WK ALFRED YUNG MD
IRS990/Form990PartVIISectionAGrp/PersonNm7WEBSTER CAVENEE PHD
IRS990/Form990PartVIISectionAGrp/PersonNm8MATTHEW VIVA
IRS990/Form990PartVIISectionAGrp/PersonNm9MEREDITH BUXTON
IRS990/Form990PartVIISectionAGrp/PersonNm10RACHAEL COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11ASHLEY POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm12ROBERT MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm13APOORVA NELLI
IRS990/Form990PartVIISectionAGrp/PersonNm14RACHEL ROSENSTEIN SISSON
IRS990/Form990PartVIISectionAGrp/PersonNm15SARAH UNTCH
IRS990/Form990PartVIISectionAGrp/PersonNm16TRACEY ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm17ADAM JOHNSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2SENIOR MEDICAL ADVISOR AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY (THRU MID-DEC)/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF MEDICAL OFFICER AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6INVESTIGATOR CHINA-CHAIR, AGILE & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASSOC DIRECTOR LEGAL/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF EXECUTIVE OFFICER & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR OF TRIAL OPS
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF BUSINESS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SENIOR CLINICAL SCIENTIST
IRS990/Form990PartVIISectionAGrp/TitleTxt14SR DIRECTOR OF ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASSOC DIRECTOR TRIAL OPS
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASSOC DIRECTOR, CLINICAL OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt17SR MANAGER CLIN DATA MANAGEMENT
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IRS990/MissionDesc0OUR MISSION IS TO LEAD THE DEVELOPMENT AND ONGOING MANAGEMENT OF CLINICAL TRIAL PLATFORMS TO ACCELERATE THE DISCOVERY AND DEVELOPMENT OF CURES FOR PATIENTS WITH RARE AND DEADLY DISEASES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE OBJECTIVE OF REMAP-COVID IS TO REDUCE MORTALITY AND MORBIDITY IN PATIENTS HOSPITALIZED WITH COVID-19 INFECTION BY QUICKLY GENERATING NEW EVIDENCE ON AVAILABLE AND NOVEL TREATMENTS. THROUGH PARTNERSHIPS WITH ACADEMIA, INDUSTRY AND MULTIPLE HEALTHCARE SYSTEMS, GCAR IS SPONSORING REMAP-COVID IN THE US WITH THE UNIVERSITY OF PITTSBURGH SERVING AS THE US REGIONAL COORDINATING CENTER FOR REMAP-CAP.
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