Civic Intelligence

Sequoia Project

990 • Fiscal year 2020 • EIN 83-1938925

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 01, 2021

8300 Boone Blvd No 500Vienna, VA 22182

(571) 327-3637

Siviq Scores

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

Liabilities / Assets

81st percentile

0.51x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.26x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

32nd percentile

-2.5%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

Up

$2,387,953

Up $407,471 (+21%) from 2019

Net Assets

Down

$1,179,934

Down $116,172 (-9.0%) from 2019

Liabilities

Up

$1,208,019

Up $523,643 (+77%) from 2019

Revenue

Up

$4,646,907

Up $281,135 (+6.4%) from 2019

Expenses

Up

$4,763,079

Up $134,774 (+2.9%) from 2019

Net Income

Up

-$116,172

Up $146,361 (+56%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$2,387,953
Liabilities$1,208,019
Net Assets$1,179,934

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$4,646,907
Expenses$4,763,079
Net Income-$116,172
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.1
Gross Receipts
$4,646,907
Mission and Program Overview

Mission

See Schedule O for detail.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$693,053$956,313▲ $263,260
Savings and Temporary Cash Investments$401,614$402,700▲ $1,086
Accounts Receivable$51,241$96,553▲ $45,312
Prepaid Expenses and Deferred Charges$20,276$72,715▲ $52,439
Land, Buildings, and Equipment, Net$10,459$378▼ $10,081
Total Assets$1,980,482$2,387,953▲ $407,471
Other Assets Total$803,839$859,294▲ $55,455
Liabilities
Accounts Payable and Accrued Expenses$330,217$448,683▲ $118,466
Unsecured Notes Loans Payable-$350,400-
Deferred Revenue$273,097$302,748▲ $29,651
Other Liabilities$81,062$106,188▲ $25,126
Total Liabilities$684,376$1,208,019▲ $523,643
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,296,106$1,179,934▼ $116,172
Total Net Assets Fund Balance$1,296,106$1,179,934▼ $116,172
Total Liabilities and Net Assets / Fund Balance$1,980,482$2,387,953▲ $407,471

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$378$51,280$51,658
Other Land Buildings$0$28,531$28,531
Other Assets Org$106,188--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mariann YeagerCEOPT$393,372$117,156$510,528
Eric HeflinSolutions ArchitectPT$227,394$53,550$280,944
David CasselExecutive Director, Carequ-$229,126$50,628$279,754
Jay NakashimaExecutive Director, eHealt-$232,210$45,544$277,754
Debbie CondreyChief Information OfficerFT$218,365$24,724$243,089
Bianca DavisVP InformaticsPT$174,740$16,991$191,731

Board Members and Trustees

NameTitle
Steven LaneChair
Michael MatthewsImmediate Past Chair
Matthew EisenbergBoard Vice Chair
Aaron MiriDirector
Brien AhierDirector
David BordenDirector
Hans BuitendijkDirector
Jamie FergusonDirector
Lee BarrettDirector
Michael HodgkinsDirector
Micky TripathiDirector
Nancy BeavinDirector
Paul MatthewsDirector
Paul UhrigDirector
Peter DeVaultDirector
Rita BowenDirector
Rob KootwykDirector
Ryan StewartDirector
Shannah KossDirector
John KanskySecretary
David HorrocksTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gravely GroupLegal109 Branchview Circle, Richmond, VA 23229, Be$745,675
Digital Health Policy AdvisorsConsulting443 Greenfield St, Oak Park, IL 60302$151,894
Spire CommunicationsMarketing consultation210 North View Terrace, Alexandria, VA 22301$150,725
IHE EuropeIT developmentPO Box 9000002, Raleigh, NC 27675$127,732
RTI InternationalConsulting-$108,779
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,625,669
Investment Income
$1,237
Other Revenue
$20,001
Change in Net Assets
$-116,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,670,239
Other Expenses$1,092,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,527,001$132,248-$2,659,249
Fees for Services Other$662,290$11,282-$673,572
Current Officers, Directors, Trustees, and Key Employees$384,828$125,700-$510,528
Other Employee Benefits$196,625$38,710-$235,335
Payroll Taxes$166,775$10,767-$177,542
Conferences and Meetings$171,846--$171,846
Fees for Services Legal$110,207--$110,207
Pension Plan Contributions$82,572$5,013-$87,585
Advertising-$63,331-$63,331
Information Technology-$22,115-$22,115
Fees for Services Accounting-$17,278-$17,278
Depreciation Depletion-$10,081-$10,081
Office Expenses-$9,832-$9,832
Insurance-$2,343-$2,343
Travel$2,263--$2,263
Occupancy-$1,927-$1,927
Other Expenses-$45-$45
Total Functional Expenses$4,304,407$458,672$0$4,763,079
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
Deferred compensation liabilities$106,188
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
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
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 No 500, Vienna, VA 22182

Signing Officer

Name
Mariann Yeager
Title
CEO
Phone
5713273637
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mariann Yeager
Formed
2018
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
21
Volunteers
93

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 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 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

Payroll processing fees: Program service expenses 0. Management and general expenses 5,578. Fundraising expenses 0. Total expenses 5,578. HR consulting: Program service expenses 0. Management and general expenses 5,704. Fundraising expenses 0. Total expenses 5,704. Government relations: Program service expenses 21,141. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,141. Other consultants: Program service expenses 641,149. Management and general expenses 0. Fundraising expenses 0. Total expenses 641,149.

Financial Statement Notes

Part X, Line 2:

At December 31, 2020, 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/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
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IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Matthews
IRS990/Form990PartVIISectionAGrp/PersonNm1Matthew Eisenberg
IRS990/Form990PartVIISectionAGrp/PersonNm2David Horrocks
IRS990/Form990PartVIISectionAGrp/PersonNm3Brien Ahier
IRS990/Form990PartVIISectionAGrp/PersonNm4David Borden
IRS990/Form990PartVIISectionAGrp/PersonNm5Hans Buitendijk
IRS990/Form990PartVIISectionAGrp/PersonNm6Jamie Ferguson
IRS990/Form990PartVIISectionAGrp/PersonNm7John Kansky
IRS990/Form990PartVIISectionAGrp/PersonNm8Michael Hodgkins
IRS990/Form990PartVIISectionAGrp/PersonNm9Micky Tripathi
IRS990/Form990PartVIISectionAGrp/PersonNm10Nancy Beavin
IRS990/Form990PartVIISectionAGrp/PersonNm11Paul Matthews
IRS990/Form990PartVIISectionAGrp/PersonNm12Paul Uhrig
IRS990/Form990PartVIISectionAGrp/PersonNm13Peter DeVault
IRS990/Form990PartVIISectionAGrp/PersonNm14Ryan Stewart
IRS990/Form990PartVIISectionAGrp/PersonNm15Steven Lane
IRS990/Form990PartVIISectionAGrp/PersonNm16Shannah Koss
IRS990/Form990PartVIISectionAGrp/PersonNm17Rob Kootwyk
IRS990/Form990PartVIISectionAGrp/PersonNm18Lee Barrett
IRS990/Form990PartVIISectionAGrp/PersonNm19Rita Bowen
IRS990/Form990PartVIISectionAGrp/PersonNm20Aaron Miri
IRS990/Form990PartVIISectionAGrp/PersonNm21Mariann Yeager
IRS990/Form990PartVIISectionAGrp/PersonNm22David Cassel
IRS990/Form990PartVIISectionAGrp/PersonNm23Jay Nakashima
IRS990/Form990PartVIISectionAGrp/PersonNm24Eric Heflin
IRS990/Form990PartVIISectionAGrp/PersonNm25Bianca Davis
IRS990/Form990PartVIISectionAGrp/PersonNm26Debbie Condrey
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Immediate Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt22Executive Director, Carequ
IRS990/Form990PartVIISectionAGrp/TitleTxt23Executive Director, eHealt
IRS990/Form990PartVIISectionAGrp/TitleTxt24Solutions Architect
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP Informatics
IRS990/Form990PartVIISectionAGrp/TitleTxt26Chief Information Officer
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