Civic Intelligence

IVI Foundation Inc.

990 • Fiscal year 2019 • EIN 83-2257857

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 24, 2020

Organization Profileivifoundation.org

View Organization Page

917 Prince StreetAlexandria, VA 22314

(763) 370-2941

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.18x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

50th percentile

0.09x

Higher debt load relative to revenue than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Balance Sheet
Liabilities / Assets63rd percentile

Assets

$1,154,813

No earlier filing loaded for comparison.

Net Assets

$944,150

No earlier filing loaded for comparison.

Liabilities

$210,663

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin88th percentile

Revenue

$2,434,391

No earlier filing loaded for comparison.

Expenses

$1,490,241

No earlier filing loaded for comparison.

Net Income

$944,150

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Assets 2019: $1,154,813Liabilities 2019: $210,663Net Assets 2019: $944,1502019Assets 2020: $2,641,128Liabilities 2020: $87,654Net Assets 2020: $2,553,4742020Assets 2021: $2,038,987Liabilities 2021: $79,736Net Assets 2021: $1,959,2512021Assets 2022: $1,961,316Liabilities 2022: $327,071Net Assets 2022: $1,634,2452022Assets 2023: $1,513,807Liabilities 2023: $185,555Net Assets 2023: $1,328,2522023Assets 2024: $854,448Liabilities 2024: $137,562Net Assets 2024: $716,8862024

Highlighted filing

2019

Assets$1,154,813
Liabilities$210,663
Net Assets$944,150
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $2,434,391Expenses 2019: $1,490,241Net Income 2019: $944,1502019Revenue 2020: $3,290,037Expenses 2020: $1,680,713Net Income 2020: $1,609,3242020Revenue 2021: $1,664,291Expenses 2021: $2,258,514Net Income 2021: -$594,2232021Revenue 2022: $2,485,033Expenses 2022: $2,810,039Net Income 2022: -$325,0062022Revenue 2023: $2,890,230Expenses 2023: $3,196,223Net Income 2023: -$305,9932023Revenue 2024: $2,326,424Expenses 2024: $2,937,790Net Income 2024: -$611,3662024

Highlighted filing

2019

Revenue$2,434,391
Expenses$1,490,241
Net Income$944,150
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 24, 2020
Return Version
2019v5.1
Gross Receipts
$2,434,391
Mission and Program Overview

Mission

The Foundation's mission is to advance the science and improve the practice of value assessment in healthcare. The Foundation's goal is to build a platform that facilitates robust and rigorous patient-centered value assessment of health technologies tailored to the needs and interests of individual decision makers.

The Foundation's mission is to advance the science and improve the practice of value assessment in healthcare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$805,322-
Accounts Receivable-$349,241-
Prepaid Expenses and Deferred Charges-$250-
Total Assets$0$1,154,813▲ $1,154,813
Liabilities
Accounts Payable and Accrued Expenses-$210,663-
Total Liabilities$0$210,663▲ $210,663
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$791,150-
Net Assets With Donor Restrictions-$153,000-
Total Net Assets Fund Balance$0$944,150▲ $944,150
Total Liabilities and Net Assets / Fund Balance$0$1,154,813▲ $1,154,813
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Samuel Nussbaum MDPresident
Jennifer BrightExecutive Director
Alan Balch PhDSecretary
Daniel DurhamTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Precision Health Economics LLC-PO Box 75727, Baltimore, MD 21275$708,339
Momentum Health Strategies LLC-917 Prince Street, Alexandria, VA 22314$466,390
KS Associates-917 Prince Street, Alexandria, VA 22314$192,703
Revenue and Support

Revenue Composition

Contributions and Grants
$2,434,391
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$30,100
Change in Net Assets
$944,150

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,434,391
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$222,750
Total Revenue per Audited Statements
$2,657,141
Total Revenue per Form 990
$2,434,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,490,241
Total Fundraising Expense$167,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$841,220$18,525-$859,745
Fees for Services Management$115,613$179,570$164,563$459,746
Fees for Services Legal$33,976$54,077$3,117$91,170
Fees for Services Accounting$20,380$8,890-$29,270
Office Expenses$11,382$9,758-$21,140
Travel$19,198$784-$19,982
Conferences and Meetings$4,735$1,200-$5,935
Information Technology-$2,000-$2,000
Insurance-$1,253-$1,253
Total Functional Expenses$1,046,504$276,057$167,680$1,490,241

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,712,991
Expenses per Audited Statements$1,490,241
Total Expenses per Form 990$1,490,241
Expenses Not Reported on Form 990$222,750
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jennifer BrightMomentum Health StrategiesJennifer Bright owns Momentum Health Strategies, the Foundation's management company. Jennifer is the Executive Director of the Foundation.No$466,390
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
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The Foundation hired Momentum Health Strategies as its management company.”

Form 990, Part VI, Section A, line 6

“IVI members are the drivers of this mission, and will help set the strategic and tactical vision to ensure that IVI fully addresses the many factors contributing to what value means in healthcare.”

Form 990, Part VI, Section A, line 7A

“Members are: Eligible for nomination to the Board of Directors and committees Eligible to serve on the Patient Advisory Council (Patient and Family organizations) Eligible to vote for the Board of Directors and at the Annual Meeting”

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

“A copy of the 990 is provided to the Board and reviewed before its submission.”

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

“Conflicts of interest are reviewed at every board meeting by all board members.”

Form 990, Part VI, Section C, line 18

“All governing documents are available to the public upon request.”

Form 990, Part VI, Section C, line 19

“All governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
IVI Foundation Inc
EIN
83-2257857
Phone
7633702941
Address
917 Prince Street, Alexandria, VA 22314

Signing Officer

Name
Jennifer Bright
Title
Executive Director
Phone
7036280534
Signed
2020-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Bright
Formed
2019
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Kositzka Wicks and Company
Address
5270 Shawnee Road Suite 250, Alexandria, VA 22312
Preparer
Jennica Jardine Whitfield CPA
Phone
7036422700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Research contractors: Program service expenses 518,104. Management and general expenses 0. Fundraising expenses 0. Total expenses 518,104. Other professional fees: Program service expenses 0. Management and general expenses 15,750. Fundraising expenses 0. Total expenses 15,750. Scientific communications: Program service expenses 323,116. Management and general expenses 2,775. Fundraising expenses 0. Total expenses 325,891.”

Form 990, Part XII, Line 2C

“2019 was the first year in operation, therefore it is the first year implementing the selection process of an independent accountant.”

Financial Statement Notes

Part X, Line 2:

“IVI is exempt from federal income tax as a nonprofit organization described in Section 501(c)(3) of the Internal Revenue Code and is classified as an organization other than a private foundation. IVI did not have a liability for unrelated business income for the year ended December 31, 2019. Management does not believe that the ultimate outcome of any future examinations of open tax years will have a material impact on the organization's results of operations.”

Raw XML Appendix377 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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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01490241
IRS990ScheduleD/TotalRevenuePerForm990Amt02434391
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02657141
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01712991
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Jennifer Bright
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Momentum Health Strategies
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0466390
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Jennifer Bright owns Momentum Health Strategies, the Foundation's management company. Jennifer is the Executive Director of the Foundation.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Foundation hired Momentum Health Strategies as its management company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IVI members are the drivers of this mission, and will help set the strategic and tactical vision to ensure that IVI fully addresses the many factors contributing to what value means in healthcare.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members are: Eligible for nomination to the Board of Directors and committees Eligible to serve on the Patient Advisory Council (Patient and Family organizations) Eligible to vote for the Board of Directors and at the Annual Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of the 990 is provided to the Board and reviewed before its submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Conflicts of interest are reviewed at every board meeting by all board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All governing documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All governing documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Research contractors: Program service expenses 518,104. Management and general expenses 0. Fundraising expenses 0. Total expenses 518,104. Other professional fees: Program service expenses 0. Management and general expenses 15,750. Fundraising expenses 0. Total expenses 15,750. Scientific communications: Program service expenses 323,116. Management and general expenses 2,775. Fundraising expenses 0. Total expenses 325,891.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt82019 was the first year in operation, therefore it is the first year implementing the selection process of an independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt01154813
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt01154813
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02434391
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0167680
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0276057
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01046504
IRS990/TotalFunctionalExpensesGrp/TotalAmt01490241
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0210663
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0210663
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0944150
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01046504
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02434391
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01154813
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0784
IRS990/TravelGrp/ProgramServicesAmt019198
IRS990/TravelGrp/TotalAmt019982
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0917 Prince Street
IRS990/USAddress/CityNm0Alexandria
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022314
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0ivifoundation.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jennifer Bright
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07036280534
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IVI Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0IVIF
ReturnHeader/Filer/EIN0832257857
ReturnHeader/Filer/PhoneNum07633702941
ReturnHeader/Filer/USAddress/AddressLine1Txt0917 Prince Street
ReturnHeader/Filer/USAddress/CityNm0Alexandria
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022314
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07FE738A0C9E2BB81D5BABDA54EDB605BD559FBEC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05E880412B595ECD6B701AA32888E4BD94ACEA80A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02020-07-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm007:18:38
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541342298
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kositzka Wicks and Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05270 Shawnee Road Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Alexandria
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022312
ReturnHeader/PreparerPersonGrp/PhoneNum07036422700
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jennica Jardine Whitfield CPA
ReturnHeader/ReturnTs02020-08-14T09:04:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,154,813
Liabilities
$210,663
Net assets
$944,150
Revenue
$2,434,391
Expenses
$1,490,241
Net income
$944,150
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.14$0.72$2.33$2.94$0.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.19$1.33$2.89$3.20$0.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.33$1.63$2.49$2.81$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.08$1.96$1.66$2.26$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$0.09$2.55$3.29$1.68$1.61
2019Detailed filing. Detailed filing data is available for this year.$1.15$0.21$0.94$2.43$1.49$0.94