Civic Intelligence

Corus Solutions Inc.

990 • Fiscal year 2020 • EIN 82-4219629

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 25, 2021

1730 M St NE Suite 1100Washington, DC 20036

(202) 888-6200

Siviq Scores

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

Liabilities / Assets

88th percentile

0.84x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.26x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$403,535

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

1st percentile

-44%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

78%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,687,450

Down $2,079,453 (-44%) from 2019

Net Assets

Up

$423,934

Up $314,285 (+287%) from 2019

Liabilities

Down

$2,263,516

Down $2,393,738 (-51%) from 2019

Revenue

Up

$8,861,610

Up $3,893,633 (+78%) from 2019

Expenses

Up

$8,547,325

Up $3,688,291 (+76%) from 2019

Net Income

Up

$314,285

Up $205,342 (+188%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2018: $813,245Liabilities 2018: $812,539Net Assets 2018: $7062018Assets 2019: $4,766,903Liabilities 2019: $4,657,254Net Assets 2019: $109,6492019Assets 2020: $2,687,450Liabilities 2020: $2,263,516Net Assets 2020: $423,9342020Assets 2021: $3,612,532Liabilities 2021: $3,025,664Net Assets 2021: $586,8682021Assets 2022: $8,994,368Liabilities 2022: $6,082,722Net Assets 2022: $2,911,6462022Assets 2023: $7,329,759Liabilities 2023: $4,974,451Net Assets 2023: $2,355,3082023Assets 2024: $7,168,379Liabilities 2024: $6,694,046Net Assets 2024: $474,3332024

Highlighted filing

2020

Assets$2,687,450
Liabilities$2,263,516
Net Assets$423,934

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2018: $79,590Expenses 2018: $78,884Net Income 2018: $7062018Revenue 2019: $4,967,977Expenses 2019: $4,859,034Net Income 2019: $108,9432019Revenue 2020: $8,861,610Expenses 2020: $8,547,325Net Income 2020: $314,2852020Revenue 2021: $10,914,808Expenses 2021: $10,751,874Net Income 2021: $162,9342021Revenue 2022: $13,127,527Expenses 2022: $10,802,749Net Income 2022: $2,324,7782022Revenue 2023: $11,659,728Expenses 2023: $11,395,759Net Income 2023: $263,9692023Revenue 2024: $5,700,130Expenses 2024: $7,581,105Net Income 2024: -$1,880,9752024

Highlighted filing

2020

Revenue$8,861,610
Expenses$8,547,325
Net Income$314,285
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 25, 2021
Return Version
2019v5.1
Gross Receipts
$8,861,610
Mission and Program Overview

Mission

Ima innovations is a center where innovative public health and allied programs can be conceived, tested and implemented on behalf of ima world health. Ima innovations will pursue creative projects that expand and refine the agency's public health programming while exploring future areas of work.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,927,951$2,523,821▼ $404,130
Pledges and Grants Receivable$1,243,197$73,054▼ $1,170,143
Accounts Receivable$383,386$45,173▼ $338,213
Prepaid Expenses and Deferred Charges$9,327$3,242▼ $6,085
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,766,903$2,687,450▼ $2,079,453
Other Assets Total$203,042$42,160▼ $160,882
Liabilities
Deferred Revenue$3,472,471$1,585,902▼ $1,886,569
Accounts Payable and Accrued Expenses$1,184,783$677,614▼ $507,169
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,657,254$2,263,516▼ $2,393,738
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$109,649$423,934▲ $314,285
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$109,649$423,934▲ $314,285
Total Liabilities and Net Assets / Fund Balance$4,766,903$2,687,450▼ $2,079,453
Compensation and Service Providers

Employees

NameTitleOtherTotal
Amb Daniel V SpeckhaPresident & CEO$403,535$403,535
Shelly TalcottSr Director Trans & Spec Initiative$146,579$146,579
Emily SollieSr Director Exec Communications$143,188$143,188
Cheri KaseChief Information Officer$130,618$130,618

Board Members and Trustees

NameTitle
Jean HansonBoard Chair
Amb Daniel V Speckhard RtPresident & CEO
Phillip Atkins-pattensVice Chair
Dr Gregg SylvesterDirector
Dr Louise P EvensonDirector
Dr William J CraftDirector
Hilda Bambi ArellanoDirector
Kenneth Jones IiDirector
Martine PolycarpeDirector
Sonya Funna EvelynDirector
Tamron KeithDirector
The Rev Dr David LosDirector
The Rev Timothy RuntsDirector
Jeff JordanDirector - UNTIL March 2020
Dawn ButcherAssociate VP Human Resources
Roberto FloresChief Fin. Officer
James CoxChief Ops Officer
Timothy MccullyExec. VP Internal Relations
Frederick KellettManaging Dir, Impact Investing
Abagail NelsonOfficer at Large
Dr Kathi TunheimSecretary
Richard SantosSenior Advisor (former)
Mary LinehanSr Tech, Infectious Diseases
Joann TheysSr VP, Fin & Admin, CFO/Treas
Edward ByrdVP External Relations & Engage
Michael WattVP Internal Operations
Allyson P BearVP International Programs

Highest Paid Contractors

ContractorServicesLocationCompensation
InstaprintDigital Printing1208 W 6TH AVE, Eugene, OR 97402$109,435
Revenue and Support

Revenue Composition

Contributions and Grants
$8,859,681
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,929
All Other Contributions
$5,502
Change in Net Assets
$314,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,861,610
Total Revenue per Audited Statements
$8,861,610
Total Revenue per Form 990
$8,861,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,446,888
Salaries, Compensation, and Employee Benefits$1,609,365
Grants and Similar Amounts Paid$491,072
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$843,770$414$0$844,184
Office Expenses$635,089$0$0$635,089
Other Employee Benefits$590,149$0$0$590,149
Fees for Services Other$531,716$0$0$531,716
Travel$512,047$0$0$512,047
Foreign Grants$491,072--$491,072
Occupancy$463,188$0$0$463,188
Pension Plan Contributions$139,110$0$0$139,110
Payroll Taxes$35,922$0$0$35,922
Fees for Services Accounting$13,833$0$0$13,833
Conferences and Meetings$13,122$0$0$13,122
Other Expenses$10,636$0$0$10,636
Fees for Services Legal$8,981$0$0$8,981
Insurance$8,511$0$0$8,511
Total Functional Expenses$8,546,911$414$0$8,547,325

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,547,325
Total Expenses per Audited Statements$8,547,325
Total Expenses per Form 990$8,547,325
International Activity

International Summary

Offices
0
Employees
0
Spending
$491,072

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrantmaking-00$491,072
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A LINE 7A:

Ima innovations working in conjunction with ima world health, has members who meet annually to elect the board of directors.

FORM 990, PART VI, SECTION A, LINE 7B:

Ima innovations working in conjuction with ima world health, has members who meet annually to elect the board of directors.

FORM 990, PART VI, SECTION B, LINE 11B:

The chief financial officer provides a draft copy of the federal form 990 to the finance committee of the board of directors for questions and comments prior to submission. Once their review is complete and the finance committee has approved the draft form 990, the federal form 990 is provided to the president and ceo for signature. A copy of the final federal form 990 submission is provided to the board of directors before it is filed with the internal revenue service.

FORM 990, PART VI, SECTION B, LINE 12C:

The conflict of interest policy (applicable to board of directors and all employees) states that a conflict of interest exists whenever there is a proposed agency transaction in which a director, officer, or staff member has any actual or potential involvement, interest, or relationship, either directly or indirectly. A conflict of interest may also exist when the interests or concerns of an employee, or such employee's immediate family, or any party, group or organization to which such person has allegiance, may be seen as competing with the interests or concerns of the agency. Each employee has a duty to disclose to the president the material facts of any proposed transaction of the agency in which such person has any actual or potential conflict of interest. The required disclosure must be made prior to any consideration of such proposed transaction by the agency. An employee or board member having an actual or proposed conflict of interest shall not participate in the deliberations or decision-making process of the agency regarding the matter under consideration. However, he or she shall provide the agency with any, and all relevant information regarding the matter. The president shall take such additional action as may be required to ensure that the conflict of interest is resolved and shall maintain a record.

FORM 990, PART VI, SECTION B, LINE 15A:

Determination of president's compensation: an independent compensation consultant performs an analysis annually using independent research which considers the organization's current budget, the current salary of the president, and the number of years the president has served in that position. The analysis is based on various salary surveys to provide a salary range competitive with other similarly situated nonprofits in the geographical area. The resulting findings are provided to the board of directors' officers, who reviews the findings and makes a recommendation to the full board for their approval regarding the president's compensation for the coming year. Compensation of all other staff (including other officers): salary adjustments for all ima staff are guided by a salary administration policy developed by ima. The objective of this policy is to ensure that salaries are commensurate with comparable organizations in the competitive labor market and that salary grades reflect the relative internal responsibility, accountability and know-how of all positions across the organization. An internal committee evaluates every job description to determine the appropriate salary range for all positions; salary ranges are intended to reinforce career growth, consider market values, and are managed in an equitable manner consistent with organizational values.

FORM 990, PART VI, SECTION B, LINE 15B:

The executive/personnel committee of the board of directors oversees all compensation matters on behalf of the board of directors. The executive committee reviews compensation benchmarking analyses for all staff positions and approves compensation of the president and ceo and other senior management position. Compensation is reviewed by the executive committee at the spring board of directors meeting each year and the approved compensation figures are included in ima's annual budget that is provided to the board of directors for approval.

Filing and Contact Details

Filer

Filer Name
Ima Innovations
EIN
82-4219629
In Care Of
% ERIC SCHAEFFER
Phone
2028886200
Address
1730 M St NE Suite 1100, WASHINGTON, DC 20036

Signing Officer

Name
Joann Theys
Title
Sr. VP, Finance, CFO
Phone
2028886200
Signed
2021-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joann Theys
Formed
2018
Legal Domicile
Dc
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Bdo USA Llp
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Marc Berger
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

TO PURSUE CREATIVE PROJECTS THAT EXPAND AND REFINE PUBLIC HEALTH PROGRAMMING WHILE EXPLORING FUTURE AREAS OF WORK. IMA INNOVATIONS IS A CENTER WHERE INNOVATIVE PUBLIC HEALTH AND ALLIED PROGRAMS CAN BE CONCEIVED, TESTED, AND IMPLEMENTED. FORM 990, PART VI, SECTION A, LINE 6: IMA Innovations working in conjunction with IMA World Health, has 13 members which are Non-Profit charitable organizations.

Financial Statement Notes

Part X, Line 2

Ima innovations is generally exempt from federal income taxes under the provisions of section 501(c)(3) of the irc. In addition, ima innovations qualifies for charitable contribution deductions and has been classified as an organization that is not a private foundation. Income, which is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate income taxes. Ima innovations had no net unrelated business income for the years ended september 30, 2020. Ima innovations follows the provisions of the fasb asc 740-10, accounting for uncertainty in income taxes. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax position will more-likely than-not be sustained upon examination by taxing authorities. Ima innovations files tax returns in the u.s. Federal jurisdictions. Ima innovations believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on ima innovations's financial position, results of activities or cash flows. Accordingly, ima innovations has not recorded any reserves or related accruals for taxes, interest and penalties for uncertain income tax positions at september 30, 2020. Ima innovations is open to examination by taxing authorities from 2017 forward.

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IRS990/Desc0DEMOCRATIC REPUBLIC OF CONGO: IMA INNOVATIONS, A WHOLLY OWNED SUBSIDIARY OF IMA WORLD HEALTH(IMA) IS A CHARITABLE ORGANIZATION THAT SEEKS TO DEVELOP PROJECTS AND INITIATIVES TO SOLVE PUBLIC HEALTH CRISES AROUND THE WORLD IN CONJUNCTION WITH IMA BY TESTING AND IMPLEMENTING PROGRAMS ON BEHALF OF IMA, TO ACHIEVE BETTER HEALTH OUTCOMES FOR PEOPLE IN DEVELOPING AND EMERGENCY SETTINGS. IMA INNOVATIONS IS A CENTER WHERE INNOVATIVE PUBLIC HEALTH AND ALLIED PROGRAMS ARE CONCEIVED, TESTED, AND IMPLEMENTED ON BEHALF OF IMA. IMA INNOVATIONS PURSUE CREATIVE PROJECTS THAT EXPAND AND REFINE THE AGENCY'S PUBLIC HEALTH PROGRAMMING WHILE EXPLORING FUTURE AREAS OF WORK. IMA INNOVATIONS AIMS TO FIND CUTTING-EDGE SOLUTIONS TO CHRONIC HEALTH AND DEVELOPMENT PROBLEMS. IN FY20, THIS INVOLVED WORKING ON SOLUTIONS TO COMBAT MALARIA AND HIV INFECTION IN THE DEMOCRATIC REPUBLIC OF CONGO, AS WELL AS PROMOTING THE FABRICATION AND USE OF CLEAN COOKSTOVE TECHNOLOGIES TO KEEP FAMILIES SAFE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SENIOR ADVISOR (FORMER)
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXEC. VP INTERNAL RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3Sr VP, Fin & Admin, CFO/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chief Ops Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Sr Tech, Infectious Diseases
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP Internal Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP EXTERNAL RELATIONS & ENGAGE
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chief Fin. Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP International Programs
IRS990/Form990PartVIISectionAGrp/TitleTxt10MANAGING DIR, IMPACT INVESTING
IRS990/Form990PartVIISectionAGrp/TitleTxt11Associate VP Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt12SR DIR TRANS & SPEC INITIATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt13Sr Dir Exec Communications
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IRS990/Form990PartVIISectionAGrp/TitleTxt22Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Officer at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director - UNTIL March 2020
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