Civic Intelligence

Biden Cancer Initiative Inc

990 • Fiscal year 2019 • EIN 82-1610708

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 05, 2019

PO Box 14440Washington, DC 20044

(202) 640-2895

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.92x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.10x

Higher debt load relative to revenue than 67% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

1st percentile

-241%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

99th percentile

$429,850

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 48.9% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

1st percentile

-96%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-78%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$92,847

Down $2,086,957 (-96%) from 2018

Net Assets

Down

$7,202

Down $2,118,227 (-100%) from 2018

Liabilities

Up

$85,645

Up $31,270 (+58%) from 2018

Revenue

Down

$878,177

Down $3,056,653 (-78%) from 2018

Expenses

Up

$2,996,404

Up $1,201,241 (+67%) from 2018

Net Income

Down

-$2,118,227

Down $4,257,894 (-199%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2018: $2,179,804Liabilities 2018: $54,375Net Assets 2018: $2,125,4292018Assets 2019: $92,847Liabilities 2019: $85,645Net Assets 2019: $7,2022019Assets 2020: $33,057Liabilities 2020: $2,500Net Assets 2020: $30,5572020

Highlighted filing

2019

Assets$92,847
Liabilities$85,645
Net Assets$7,202

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2018: $3,934,830Expenses 2018: $1,795,163Net Income 2018: $2,139,6672018Revenue 2019: $878,177Expenses 2019: $2,996,404Net Income 2019: -$2,118,2272019Revenue 2020: $316,178Expenses 2020: $293,026Net Income 2020: $23,1522020

Highlighted filing

2019

Revenue$878,177
Expenses$2,996,404
Net Income-$2,118,227
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$878,177
Mission and Program Overview

Mission

The biden cancer initiative will develop and drive implementation of solutions to accelerate progress in cancer prevention, detection, diagnosis, research, and care, and to reduce disparities in cancer outcomes.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,053,320$90,614▼ $1,962,706
Accounts Receivable$19,982$0▼ $19,982
Prepaid Expenses and Deferred Charges$106,502$2,233▼ $104,269
Total Assets$2,179,804$92,847▼ $2,086,957
Liabilities
Accounts Payable and Accrued Expenses$54,375$85,645▲ $31,270
Total Liabilities$54,375$85,645▲ $31,270
Net Assets / Fund Balance
Unrestricted Net Assets$2,125,429$7,202▼ $2,118,227
Total Net Assets Fund Balance$2,125,429$7,202▼ $2,118,227
Total Liabilities and Net Assets / Fund Balance$2,179,804$92,847▼ $2,086,957
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory SimonPresidentFT$424,892$4,958$429,850
Danielle CarnivalVice PresidentFT$249,874$8,333$258,207
Lisa SimmsSr. Director of EngagementFT$187,596$9,948$197,544
Cecilia ArradazaSr. Director of CommunicationsFT$148,500$22,512$171,012
Catherine YoungSr. Director of Science PolicyFT$152,024$18,880$170,904

Board Members and Trustees

NameTitle
Jill BidenCo-chair (until 4/25/19)
Joseph R Biden JrCo-chair (until 4/25/19)
Carol BrownDirector
David AgusDirector
David BradleyDirector
Elizabeth BlackburnDirector
Erin AndrewsDirector
Howard KreinDirector
Jeffrey ZientsDirector
Jimmy GomezDirector
Julie Papanek GrantDirector
Kim ThiboldeauxDirector
Kurt GroteDirector
Susan SchneiderDirector
Todd ParkDirector
Eric LanderSecretary
Elizabeth JaffeeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Visual Frog LLCCommunications & Designs4235 COLORADO AVE NW, Washington, DC 20011$114,190
Revenue and Support

Revenue Composition

Contributions and Grants
$875,430
Program Service Revenue
$0
Investment Income
$2,747
Other Revenue
$0
All Other Contributions
$875,430
Change in Net Assets
$-2,118,227

Audited Revenue Reconciliation

Revenue per Audited Statements
$878,177
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$313,696
Total Revenue per Audited Statements
$1,191,873
Total Revenue per Form 990
$878,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,693,597
Other Expenses$1,302,807
Total Fundraising Expense$34,289
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$841,293$3,748-$845,041
Conferences and Meetings$740,144$2,789-$742,933
Current Officers, Directors, Trustees, and Key Employees$654,590$35,424$18,469$708,483
Fees for Services Other$258,089-$6,029$264,118
Travel$96,709$440-$97,149
Payroll Taxes$84,369$1,668$691$86,728
Fees for Services Accounting$5,075$78,632$62$83,769
Occupancy$55,630$1,444$681$57,755
Other Employee Benefits$47,432$1,232$580$49,244
Information Technology$16,329$389$184$16,902
Office Expenses$7,500$5,176$101$12,777
Insurance-$6,236-$6,236
Pension Plan Contributions$4,021$80-$4,101
Other Expenses$13,657$19$3,892$3,892
Total Functional Expenses$2,824,838$137,277$34,289$2,996,404

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,310,100
Expenses per Audited Statements$2,996,404
Total Expenses per Form 990$2,996,404
Expenses Not Reported on Form 990$313,696
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
Yes
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
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 2

Joseph r. Biden, jr. And jill biden have a family relationship.

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

The form 990 was prepared by the outside accountants and reviewed by the president and vice president. All board members were provided a copy prior to filing with the irs.

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

Board members are required to disclose any conflicts on an annual basis. The organization requires that directors promptly disclose any situations or transactions that give rise to, or reasonably would be expected to give rise to, a conflict or the appearance of a conflict of interest. If an individual thinks that he or she has a conflict of interest, or something that others could reasonably perceive as a conflict of interest, the individual reports it to the board of directors (or an individual designated from time to time by the board of directors). The board of directors is responsible for discussing the situation. No director, officer or key employee may participate in any decision to determine whether he or she has a conflict of interest. Any activity or relationship which presents a conflict of interest or appears to present a conflict must be avoided or terminated unless, after full disclosure, it is determined that the activity is not harmful to the organization or otherwise improper. Employees must disclose any actual, potential or apparent conflict of interest to the president. Where appropriate, the president may require suitable remedial action, such as divestiture of adverse interests, recusal from certain decisions, or other action to avoid an appearance or existence of a conflict.

Form 990, Part VI, Section B, Line 15A

The president's salary is determined by the board of directors using comparative data. Staff salaries are determined by the president with consultation of the board of directors and within the structure determined by the board approved annual operating budget. The last salary review took place in july 2018.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Biden Cancer Initiative Inc
EIN
82-1610708
Phone
2026402895
Address
PO BOX 14440, WASHINGTON, DC 20044

Signing Officer

Name
Gregory Simon
Title
President
Phone
2026402895
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Simon
Formed
2017
Legal Domicile
De
Voting Board Members
16
Independent Board Members
15
Employees
13
Volunteers
17

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Richard J Locastro CPA
Phone
3019519090
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

For the year ended june 30, 2019, bci has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes, and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-CHAIR (UNTIL 4/25/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19SR. DIRECTOR OF COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt20SR. DIRECTOR OF ENGAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21SR. DIRECTOR OF SCIENCE POLICY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0878177
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0184
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0389
IRS990/InformationTechnologyGrp/ProgramServicesAmt016329
IRS990/InformationTechnologyGrp/TotalAmt016902
IRS990/InsuranceGrp/ManagementAndGeneralAmt06236
IRS990/InsuranceGrp/TotalAmt06236
IRS990/InvestmentIncomeGrp/ExclusionAmt02747
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02747
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IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE BIDEN CANCER INITIATIVE WILL DEVELOP AND DRIVE IMPLEMENTATION OF SOLUTIONS TO ACCELERATE PROGRESS IN CANCER PREVENTION, DETECTION, DIAGNOSIS, RESEARCH, AND CARE, AND TO REDUCE DISPARITIES IN CANCER OUTCOMES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02125429
IRS990/NetAssetsOrFundBalancesEOYAmt07202
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0681
IRS990/OccupancyGrp/ManagementAndGeneralAmt01444
IRS990/OccupancyGrp/ProgramServicesAmt055630
IRS990/OccupancyGrp/TotalAmt057755
IRS990/OfficeExpensesGrp/FundraisingAmt0101
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05176
IRS990/OfficeExpensesGrp/ProgramServicesAmt07500
IRS990/OfficeExpensesGrp/TotalAmt012777
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0580
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01232
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt047432
IRS990/OtherEmployeeBenefitsGrp/TotalAmt049244
IRS990/OtherExpensesGrp/Desc0BOOKS, SUBS., REFERENCE
IRS990/OtherExpensesGrp/Desc1LICENSES & REGISTRATION
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IRS990/OtherExpensesGrp/FundraisingAmt13892
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019
IRS990/OtherExpensesGrp/ProgramServicesAmt013657
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IRS990/OtherExpensesGrp/TotalAmt13892
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03748
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0841293
IRS990/OtherSalariesAndWagesGrp/TotalAmt0845041
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0691
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01668
IRS990/PayrollTaxesGrp/ProgramServicesAmt084369
IRS990/PayrollTaxesGrp/TotalAmt086728
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt080
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04021
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02233
IRS990/PrincipalOfficerNm0GREGORY SIMON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03934830
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2118227
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportOtherLiabilitiesInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt090614
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03934189
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04809619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02747
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03388
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03934189
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04809619
IRS990ScheduleA/TotalSupportAmt04813007
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0313696
IRS990ScheduleD/DonatedServicesUseFcltsAmt0313696
IRS990ScheduleD/ExpensesNotReportedAmt0313696
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02996404
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt0313696
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0878177
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEAR ENDED JUNE 30, 2019, BCI HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES, AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt02996404
IRS990ScheduleD/TotalRevenuePerForm990Amt0878177
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01191873
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03310100
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

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