Civic Intelligence

Initiative for Digital Engineering and Life Sciences

990 • Fiscal year 2022 • EIN 83-1372987

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 29, 2023

Organization ProfileN/A

View Organization Page

6 Fundy Road 100Falmouth, ME 04105-1780

(207) 781-3445

Siviq Scores

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

Liabilities / Assets

21st percentile

0.03x

Higher debt load relative to assets than 21% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.07x

Higher debt load relative to revenue than 19% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

80th percentile

$440,000

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

94th percentile

72%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

19th percentile

-18%

Faster revenue growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$26,872,146

Up $11,267,328 (+72%) from 2021

Net Assets

Up

$26,002,854

Up $11,673,656 (+81%) from 2021

Liabilities

Down

$869,292

Down $406,328 (-32%) from 2021

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin99th percentile

Revenue

Down

$11,747,907

Down $2,512,623 (-18%) from 2021

Expenses

Down

$74,251

Down $92,687 (-56%) from 2021

Net Income

Down

$11,673,656

Down $2,419,936 (-17%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$60M$40M$20M$0Assets 2018: $95,936Liabilities 2018: $42,303Net Assets 2018: $53,6332018Assets 2019: $384,794Liabilities 2019: $36,749Net Assets 2019: $348,0452019Assets 2020: $259,960Liabilities 2020: $24,354Net Assets 2020: $235,6062020Assets 2021: $15,604,818Liabilities 2021: $1,275,620Net Assets 2021: $14,329,1982021Assets 2022: $26,872,146Liabilities 2022: $869,292Net Assets 2022: $26,002,8542022Assets 2023: $42,237,873Liabilities 2023: $1,247,996Net Assets 2023: $40,989,8772023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$26,872,146
Liabilities$869,292
Net Assets$26,002,854
Open 2022 Filing

Operations Trend

Revenue Growth19th percentile

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

$50M$0-$50MRevenue 2018: $250,098Expenses 2018: $196,465Net Income 2018: $53,6332018Revenue 2019: $1,231,791Expenses 2019: $937,379Net Income 2019: $294,4122019Revenue 2020: $400,198Expenses 2020: $512,637Net Income 2020: -$112,4392020Revenue 2021: $14,260,530Expenses 2021: $166,938Net Income 2021: $14,093,5922021Revenue 2022: $11,747,907Expenses 2022: $74,251Net Income 2022: $11,673,6562022Revenue 2023: $15,034,369Expenses 2023: $47,346Net Income 2023: $14,987,0232023Revenue 2024: $8,160,481Expenses 2024: $49,150,358Net Income 2024: -$40,989,8772024

Highlighted filing

2022

Revenue$11,747,907
Expenses$74,251
Net Income$11,673,656
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 29, 2023
Return Version
2022v5.0
Gross Receipts
$11,747,907
Mission and Program Overview

Mission

Institute dedicated to creating a graduate school for digital engineering and life sciences in southern maine. Significant activities include finding a partner for the new school, finding and engaging potential stakeholders and contributors, and analyzing the market for potential real estate for the school.

See statmentthe corporation is solely committed to the placement and operation of a graduate institute instructing students, conducting research, and supporting innovation and entrepreneurialism in the fields of artificial intelligence, digital science, genomics and life sciences in portland, maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,030$11,417,302▲ $11,378,272
Savings and Temporary Cash Investments$10,670,699$3,706,649▼ $6,964,050
Cash and Non-Interest-Bearing Accounts$537,744$112,859▼ $424,885
Intangible Assets$13,719$12,557▼ $1,162
Prepaid Expenses and Deferred Charges$1,515$3,982▲ $2,467
Total Assets$15,604,818$26,872,146▲ $11,267,328
Other Assets Total$4,342,111$11,618,797▲ $7,276,686
Liabilities
Accounts Payable and Accrued Expenses$1,275,620$869,292▼ $406,328
Total Liabilities$1,275,620$869,292▼ $406,328
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,329,198$26,002,854▲ $11,673,656
Total Net Assets Fund Balance$14,329,198$26,002,854▲ $11,673,656
Total Liabilities and Net Assets / Fund Balance$15,604,818$26,872,146▲ $11,267,328

Asset Categories

AssetBook ValueDepreciationBasis
Land$11,387,885-$11,387,885
Equipment$17,762$46,172$63,934
Leasehold Improvements$11,655$5,363$17,018
Other Assets Org$11,600,953--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles HewettBoard Member/executive DirectorFT$330,000$110,000$440,000
Ford ReicheChief Operating OfficerFT$305,208$53,067$358,275

Board Members and Trustees

NameTitle
David RouxBoard Chair
Barbara RouxBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Cambridge Seven Associates INCArchitectural And Design1050 MASSACHUSETTS AVENUE, Cambridge, MA 02138$4,388,907
Tsoi Kobus DesignArchitectural And Design60 STATE STREET, Boston, MA 02109$482,716
Berstein Shur Sawyer & Nelson PaLegalPO BOX 9729 100 MIDDLE STREET, Portland, ME 04104$446,490
Woodard & Curran INCArchitectural And DesignPO BOX 55008, Boston, MA 02205-2008$409,849
Vanasse Hangen Brustlin INCTechnicalPO BOX 845179, Boston, MA 02284-5179$239,151
Revenue and Support

Revenue Composition

Contributions and Grants
$11,725,000
Program Service Revenue
$0
Investment Income
$18,407
Other Revenue
$4,500
All Other Contributions
$11,725,000
Change in Net Assets
$11,673,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$29,290-$29,290
Office Expenses-$18,430-$18,430
Depreciation Depletion-$10,775-$10,775
Information Technology-$6,079-$6,079
Conferences and Meetings-$6,074-$6,074
Fees for Services Other-$1,736-$1,736
Other Expenses-$1,607-$1,607
Fees for Services Legal-$260-$260
Total Functional Expenses$0$74,251$0$74,251
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
Backup withholding compliance
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
No
Conflict-of-interest policy
No
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

“David roux and barbara roux are married.”

Form 990, Part VI, Section A, Line 4

“The articles of incorporation was restated to clarify that initiative for digital engineering (the corporation) is only facilitating the creation and operation of a specialized graduate institute instead of actively operating the specialized graduate institute. The board members of the corporation selects an educational insitution to oversee and operate the specialized graduate institute.”

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

“The executive director reviews the 990 first. When the figures in the return are approved by the executive director the 990 is presented to the board of directors for final approval.”

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

“Chairman of the board david roux researched the salaries of similar non-profit academic leaders and selected a corresponding consulting rate for the executive director.”

Form 990, Part VI, Section C, Line 19

“All relevant information is accessible in digital format. Any person looking for this information will have access to our phone number and mailing address. Copies are available upon request.”

Filing and Contact Details

Filer

Filer Name
Initiative for Digital Engineering
EIN
83-1372987
Phone
2077813445
Address
6 FUNDY ROAD 100, FALMOUTH, ME 04105-1780

Signing Officer

Name
Charles Hewett
Title
Executive Director
Phone
2076643427
Signed
2023-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Hewett
Formed
2018
Legal Domicile
Me
Voting Board Members
3
Independent Board Members
2
Employees
2
Volunteers
2

Preparer

Firm
Berry Talbot Royer
Address
SIX FUNDY ROAD, FALMOUTH, ME 04105
Preparer
Michael C Royer CPA Mst
Phone
2077813445
Raw XML AppendixShowing 400 of 421 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0198
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01791
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt098
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0250000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt027865000
IRS990ScheduleA/TotalSupportAmt027890524
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt046172
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063934
IRS990ScheduleD/LandGrp/BookValueAmt011387885
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011387885
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011655
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05363
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt017018
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017844
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt111600953
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011417302
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011618797
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0330000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1305208
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHARLES HEWETT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1FORD REICHE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER/EXECUTIVE DIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OPERATING OFFICER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1358275
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID ROUX AND BARBARA ROUX ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ARTICLES OF INCORPORATION WAS RESTATED TO CLARIFY THAT INITIATIVE FOR DIGITAL ENGINEERING (THE CORPORATION) IS ONLY FACILITATING THE CREATION AND OPERATION OF A SPECIALIZED GRADUATE INSTITUTE INSTEAD OF ACTIVELY OPERATING THE SPECIALIZED GRADUATE INSTITUTE. THE BOARD MEMBERS OF THE CORPORATION SELECTS AN EDUCATIONAL INSITUTION TO OVERSEE AND OPERATE THE SPECIALIZED GRADUATE INSTITUTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR REVIEWS THE 990 FIRST. WHEN THE FIGURES IN THE RETURN ARE APPROVED BY THE EXECUTIVE DIRECTOR THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHAIRMAN OF THE BOARD DAVID ROUX RESEARCHED THE SALARIES OF SIMILAR NON-PROFIT ACADEMIC LEADERS AND SELECTED A CORRESPONDING CONSULTING RATE FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL RELEVANT INFORMATION IS ACCESSIBLE IN DIGITAL FORMAT. ANY PERSON LOOKING FOR THIS INFORMATION WILL HAVE ACCESS TO OUR PHONE NUMBER AND MAILING ADDRESS. COPIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt026872146
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IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalReportableCompFromOrgAmt0745208
IRS990/TotalRevenueGrp/ExclusionAmt022907
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
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IRS990/USAddress/CityNm0FALMOUTH
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd0041051780
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
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IRS990/WhistleblowerPolicyInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES HEWETT
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ReturnHeader/BusinessOfficerGrp/PhoneNum02076643427
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INITIATIVE FOR DIGITAL ENGINEERING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AND LIFE SCIENCES
ReturnHeader/Filer/BusinessNameControlTxt0INIT
ReturnHeader/Filer/EIN0831372987

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,872,146
Liabilities
$869,292
Net assets
$26,002,854
Revenue
$11,747,907
Expenses
$74,251
Net income
$11,673,656
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$8.16$49.2$41.0
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.2$1.25$41.0$15.0$0.05$15.0
2022Detailed filing. Detailed filing data is available for this year.$26.9$0.87$26.0$11.7$0.07$11.7
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$1.28$14.3$14.3$0.17$14.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.02$0.24$0.40$0.51$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.04$0.35$1.23$0.94$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.04$0.05$0.25$0.20$0.05