Civic Intelligence

The Sequoia Project Inc

EIN 83-1938925 • 501(c)3 • Vienna, VA

Profile

See Schedule O for detail.

8300 Boone Blvd 500Vienna, VA 22182

www.sequoiaproject.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.36x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.18x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

41st percentile

1.2%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

49th percentile

4.5%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2024

Revenue Growth

41st percentile

3.0%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2024

Assets

Up

$3,400,592

Up $9,781 (+0.3%) from 2023

Liabilities

Down

$1,224,334

Down $69,969 (-5.4%) from 2023

Net Assets

Up

$2,176,258

Up $79,750 (+3.8%) from 2023

Revenue

Up

$6,776,108

Up $2,140,711 (+46%) from 2023

Expenses

Up

$6,696,358

Up $2,075,962 (+45%) from 2023

Net Income

Up

$79,750

Up $64,749 (+432%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $1,980,482Liabilities 2019: $684,376Net Assets 2019: $1,296,1062019Assets 2020: $2,387,953Liabilities 2020: $1,208,019Net Assets 2020: $1,179,9342020Assets 2021: $2,982,102Liabilities 2021: $1,230,188Net Assets 2021: $1,751,9142021Assets 2022: $3,329,672Liabilities 2022: $1,248,165Net Assets 2022: $2,081,5072022Assets 2023: $3,390,811Liabilities 2023: $1,294,303Net Assets 2023: $2,096,5082023Assets 2024: $3,400,592Liabilities 2024: $1,224,334Net Assets 2024: $2,176,2582024

Highlighted filing

2024

Assets$3,400,592
Liabilities$1,224,334
Net Assets$2,176,258

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $4,365,772Expenses 2019: $4,628,305Net Income 2019: -$262,5332019Revenue 2020: $4,646,907Expenses 2020: $4,763,079Net Income 2020: -$116,1722020Revenue 2021: $6,201,821Expenses 2021: $5,629,841Net Income 2021: $571,9802021Revenue 2022: $7,240,347Expenses 2022: $6,910,754Net Income 2022: $329,5932022Revenue 2023: $4,635,397Expenses 2023: $4,620,396Net Income 2023: $15,0012023Revenue 2024: $6,776,108Expenses 2024: $6,696,358Net Income 2024: $79,7502024

Highlighted filing

2024

Revenue$6,776,108
Expenses$6,696,358
Net Income$79,750

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$6,776,108
Mission and Program Overview

Mission

See Schedule O for detail.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$426,755$1,166,022▲ $739,267
Cash and Non-Interest-Bearing Accounts$1,672,439$1,036,647▼ $635,792
Accounts Receivable$728,995$460,834▼ $268,161
Prepaid Expenses and Deferred Charges$103,967$136,988▲ $33,021
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$3,390,811$3,400,592▲ $9,781
Other Assets Total$458,655$600,101▲ $141,446
Liabilities
Deferred Revenue$458,524$571,682▲ $113,158
Accounts Payable and Accrued Expenses$663,830$443,668▼ $220,162
Other Liabilities$171,949$208,984▲ $37,035
Total Liabilities$1,294,303$1,224,334▼ $69,969
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,096,508$2,176,258▲ $79,750
Total Net Assets Fund Balance$2,096,508$2,176,258▲ $79,750
Total Liabilities and Net Assets / Fund Balance$3,390,811$3,400,592▲ $9,781

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$51,658$51,658
Other Land Buildings$0$28,531$28,531
Other Assets Org$208,984--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mariann YeagerCEOPT$432,216$155,206$587,422
Jay NakashimaExecutive Director - Healtheway, Inc.-$392,321$36,096$428,417
Jay NakashimaExecutive Director - Healtheway, Inc-$320,531$107,886$428,417
Debra CondreyCOO, Chief Information OfficerPT$268,065$91,823$359,888
Alan SwensonExecutive Director - Carequality-$262,931$84,885$347,816
Alan SmithCFOPT$269,423$39,818$309,241
Lindsey ElkindChief Legal CounselFT$258,542$31,059$289,601
Michael YackancihDirector, Program Integration-$206,802$70,012$276,814
Blanca DavisVP, Informatics, Conformance &InteroperabilityFT$211,438$30,102$241,540
Blanca DavisVP, Informatics, Conformance &Intero-$200,154$41,386$241,540

Board Members and Trustees

NameTitle
David HorrocksChair
Michael MatthewsVice Chair
Anna McollisterBoard Member
Brian BarrettBoard Member
Chris WalkerBoard Member
Jamie FergusonBoard Member
Jennifer BlumenthalBoard Member
Josh MastBoard Member
Lee BarrettBoard Member
Matthew EisenbergBoard Member
Melanie MarcusBoard Member
Michael HodgkinsBoard Member
Paul MatthewsBoard Member
Rob KlootwykBoard Member
Shannah KossBoard Member
Willarda EdwardsBoard Member
John KanskySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Troutman Pepper HamiltonLegal Services600 Peachtree Street Suite 3000, Atlanta, GA 30308$644,992
Spire CommunicationsMarketing Consultation210 North View Terrrace, Alexandria, VA 22301$572,423
Lantana Consulting GroupIT Consulting3611 Route 5 East, Thetford, VT 05043$434,950
DirectTrustIT Services and Digital Certificates1629 K Street NW Suite 300, Washington, DC 20006$307,695
Alazro ConsultingProgram consulting services7131 Maple Ave, Takoma Park, MD 20192$285,331
Revenue and Support

Revenue Composition

Contributions and Grants
$117,500
Program Service Revenue
$6,458,945
Investment Income
$39,268
Other Revenue
$160,395
All Other Contributions
$117,500
Change in Net Assets
$79,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,940,457
Other Expenses$2,755,901
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,813,643$115,838-$1,929,481
Other Salaries and Wages$1,054,917$714,730-$1,769,647
Current Officers, Directors, Trustees, and Key Employees$749,052$507,499-$1,256,551
Other Employee Benefits$354,059$239,882-$593,941
Information Technology-$323,670-$323,670
Payroll Taxes$98,395$66,665-$165,060
Advertising-$158,655-$158,655
Pension Plan Contributions$92,552$62,706-$155,258
Conferences and Meetings$114,287$519-$114,806
Travel$75,211$18,803-$94,014
Fees for Services Legal$11,055$25,795-$36,850
Fees for Services Accounting-$36,043-$36,043
Office Expenses$9,259$21,453-$30,712
Occupancy$2,369$5,527-$7,896
Insurance$2,074$4,839-$6,913
Other Expenses$35$81-$116
Total Functional Expenses$4,376,908$2,319,450$0$6,696,358
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by a board member Anna McCollisterBusiness development and work group consulting services; travel reimbursements.No$158,172
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred compensation liabilities$208,984
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 35% controlled entity
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The Form 990 will be reviewed by finance committee prior to filing.

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

All directors, officers, and members with board-delegated powers have a duty to disclose any conflict of interest. Directors exercise due diligence when deciding whether to enter into the transaction or arrangement. Failure to report an actual or possible conflict of interest may result in disciplinary and corrective action.

Form 990, Part VI, Section B, line 15

The company engaged an outside human resources consultant to do an independent salary benchmark survey for all company employee positions. Compensation falls within these parameters. Their review also included a detailed review and audit of all positions to confirm exempt and non-exempt status.

Form 990, Part VI, Section C, line 19

The Organization's governing documents and conflict of interest policy are available to the public; however, the financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
The Sequoia Project Inc
EIN
83-1938925
Phone
5713273637
Address
8300 Boone Blvd 500, Vienna, VA 22182

Signing Officer

Name
Mariann Yeager
Title
CEO
Phone
5713273637
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mariann Yeager
Formed
2018
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
32
Volunteers
0

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Jie Chen CPA
Phone
7038930300
Supplemental Narrative

Additional Explanations

Form 990, Part I Line 1

Sequoia seeks to lessen the burden on the United States federal government to advance the interoperability of different electronic health information technologies to support the safe and secure sharing of electronic health information for the benefit of all Americans. This is a top priority of the federal government and Sequoia works to support these efforts in the following ways: (1) serving as the Recognized Coordinating Entity to the Health and Human Services Office of the Assistant Secretary for Technology Policy (ASTP) / National Coordinator for Health Information Technology (ONC) to develop the Common Agreement for ONC's Trusted Exchange Framework and Common Agreement; (2) under separate Management and Support Services Agreements provide support to Healtheway, Inc. and Carequality, Inc. (501(c)(3) exempt organizations) in operating their own independent health information exchanges endeavors (3) serving as a convenor of the diverse stakeholders that are involved in the access, exchange and use of electronic health information to help develop consensus solutions to the complex challenges that serve as barriers to the seamless exchange of electronic health information among those who have the legal right to access the information and have a valid need for the information, and; (4) serve as a trusted nationwide authority for education on important topics related to electronic health information issues.

Form 990, Part III Line 1

Sequoia seeks to lessen the burden on the United States federal government to advance the interoperability of different electronic health information technologies to support the safe and secure sharing of electronic health information for the benefit of all Americans. This is a top priority of the federal government and Sequoia works to support these efforts in the following ways: (1) serving as the Recognized Coordinating Entity to the Health and Human Services Office of the Assistant Secretary for Technology Policy (ASTP) / National Coordinator for Health Information Technology (ONC) to develop the Common Agreement for ONC's Trusted Exchange Framework and Common Agreement; (2) under separate Management and Support Services Agreements provide support to Healtheway, Inc. and Carequality, Inc. (501(c)(3) exempt organizations) in operating their own independent health information exchanges endeavors (3) serving as a convenor of the diverse stakeholders that are involved in the access, exchange and use of electronic health information to help develop consensus solutions to the complex challenges that serve as barriers to the seamless exchange of electronic health information among those who have the legal right to access the information and have a valid need for the information, and; (4) serve as a trusted nationwide authority for education on important topics related to electronic health information issues.

Form 990, Part IX, line 11G

HR consulting: Program service expenses 0. Management and general expenses 70,565. Fundraising expenses 0. Total expenses 70,565. Government relations: Program service expenses 92,798. Management and general expenses 0. Fundraising expenses 0. Total expenses 92,798. Outreach & education services: Program service expenses 84,331. Management and general expenses 0. Fundraising expenses 0. Total expenses 84,331. Other consultants: Program service expenses 181,093. Management and general expenses 45,273. Fundraising expenses 0. Total expenses 226,366. Testing services and tools: Program service expenses 168,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 168,200. RCE subcontractor expenses: Program service expenses 1,287,221. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,287,221.

Financial Statement Notes

Part X, Line 2:

At December 31, 2024, no tax provision was made as the Organization had no unrelated business income. Management has evaluated the Organization's tax positions and concluded that there are no significant uncertain tax positions that qualify for either recognition or disclosure in the accompanying combined financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm0David Horrocks
IRS990/Form990PartVIISectionAGrp/PersonNm1Brian Barrett
IRS990/Form990PartVIISectionAGrp/PersonNm2Lee Barrett
IRS990/Form990PartVIISectionAGrp/PersonNm3Jennifer Blumenthal
IRS990/Form990PartVIISectionAGrp/PersonNm4Willarda Edwards
IRS990/Form990PartVIISectionAGrp/PersonNm5Matthew Eisenberg
IRS990/Form990PartVIISectionAGrp/PersonNm6Jamie Ferguson
IRS990/Form990PartVIISectionAGrp/PersonNm7Michael Hodgkins
IRS990/Form990PartVIISectionAGrp/PersonNm8Chris Walker
IRS990/Form990PartVIISectionAGrp/PersonNm9John Kansky
IRS990/Form990PartVIISectionAGrp/PersonNm10Rob Klootwyk
IRS990/Form990PartVIISectionAGrp/PersonNm11Shannah Koss
IRS990/Form990PartVIISectionAGrp/PersonNm12Melanie Marcus
IRS990/Form990PartVIISectionAGrp/PersonNm13Josh Mast
IRS990/Form990PartVIISectionAGrp/PersonNm14Michael Matthews
IRS990/Form990PartVIISectionAGrp/PersonNm15Paul Matthews
IRS990/Form990PartVIISectionAGrp/PersonNm16Anna Mcollister
IRS990/Form990PartVIISectionAGrp/PersonNm17Mariann Yeager
IRS990/Form990PartVIISectionAGrp/PersonNm18Debra Condrey
IRS990/Form990PartVIISectionAGrp/PersonNm19Alan Smith
IRS990/Form990PartVIISectionAGrp/PersonNm20Jay Nakashima
IRS990/Form990PartVIISectionAGrp/PersonNm21Alan Swenson
IRS990/Form990PartVIISectionAGrp/PersonNm22Lindsey Elkind
IRS990/Form990PartVIISectionAGrp/PersonNm23Michael Yackancih
IRS990/Form990PartVIISectionAGrp/PersonNm24Blanca Davis
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18COO, Chief Information Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt19CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt20Executive Director - Healtheway, Inc.
IRS990/Form990PartVIISectionAGrp/TitleTxt21Executive Director - Carequality
IRS990/Form990PartVIISectionAGrp/TitleTxt22Chief Legal Counsel
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director, Program Integration
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP, Informatics, Conformance &Interoperability
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