Civic Intelligence

IVI Foundation Inc.

990 • Fiscal year 2021 • EIN 83-2257857

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 19, 2022

Organization Profilewww.ivifoundation.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

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

40th percentile

0.05x

Higher debt load relative to revenue than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

7th percentile

-36%

Higher net margin than 7% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

4th percentile

-23%

Faster asset growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-49%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$2,038,987

Down $602,141 (-23%) from 2020

Net Assets

Down

$1,959,251

Down $594,223 (-23%) from 2020

Liabilities

Down

$79,736

Down $7,918 (-9.0%) from 2020

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin7th percentile

Revenue

Down

$1,664,291

Down $1,625,746 (-49%) from 2020

Expenses

Up

$2,258,514

Up $577,801 (+34%) from 2020

Net Income

Down

-$594,223

Down $2,203,547 (-137%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

2021

Assets$2,038,987
Liabilities$79,736
Net Assets$1,959,251
Open 2021 Filing

Operations Trend

Revenue Growth5th percentile

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

2021

Revenue$1,664,291
Expenses$2,258,514
Net Income-$594,223
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 19, 2022
Return Version
2021v4.2
Gross Receipts
$1,664,291
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$1,610,542$1,245,029▼ $365,513
Savings and Temporary Cash Investments$1,003,612$734,684▼ $268,928
Accounts Receivable$25,000$56,150▲ $31,150
Prepaid Expenses and Deferred Charges$1,974$3,124▲ $1,150
Total Assets$2,641,128$2,038,987▼ $602,141
Liabilities
Deferred Revenue-$50,000-
Accounts Payable and Accrued Expenses$87,654$29,736▼ $57,918
Total Liabilities$87,654$79,736▼ $7,918
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,700,074$1,723,701▲ $23,627
Net Assets With Donor Restrictions$853,400$235,550▼ $617,850
Total Net Assets Fund Balance$2,553,474$1,959,251▼ $594,223
Total Liabilities and Net Assets / Fund Balance$2,641,128$2,038,987▼ $602,141
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Samuel Nussbaum MDPresident
Andrea MarscaDirector
Donna CryerDirector
Gregory DanielDirector
Michael ThompsonDirector
Neil WeissmanDirector
Patty FritzDirector
Jennifer BrightExecutive Director
Alan Balch PhDSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Momentum Health Strategies LLCManagement services917 Prince Street, Alexandria, VA 22314$747,083
Rand CorporationResearchPO Box 2138, Santa Monica, CA 90407$233,885
National Health Council IncResearch1730 M St NW 500, Wasington, DC 20036$180,824
Schmidt Public Affairs LLCPublic Relations917 Prince Street, Alexandria, VA 22314$165,604
HealthCore IncResearch123 Justison St Suite 200, Wilmington, DE 19801$141,476
Revenue and Support

Revenue Composition

Contributions and Grants
$1,588,705
Program Service Revenue
$75,000
Investment Income
$586
Other Revenue
$0
All Other Contributions
$1,532,300
Change in Net Assets
$-594,223

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,664,291
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,664,291
Total Revenue per Form 990
$1,664,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,757,292
Salaries, Compensation, and Employee Benefits$501,222
Total Fundraising Expense$41,711
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$956,692$5,938$358$962,988
Fees for Services Management$529,687$131,708$34,605$696,000
Other Salaries and Wages$360,951$23,306$4,786$389,043
Other Employee Benefits$57,094$3,686$757$61,537
Payroll Taxes$37,834$2,443$502$40,779
Office Expenses$35,072$2,866$127$38,065
Fees for Services Accounting$24,429$5,367$324$30,120
Information Technology$16,444--$16,444
Pension Plan Contributions$9,151$591$121$9,863
Fees for Services Legal$5,497$1,208$73$6,778
Occupancy$2,433$535$32$3,000
Insurance$1,923$422$26$2,371
Conferences and Meetings$1,526--$1,526
Total Functional Expenses$2,038,733$178,070$41,711$2,258,514

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,258,514
Total Expenses per Audited Statements$2,258,514
Total Expenses per Form 990$2,258,514
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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$747,083
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
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
2022-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Bright
Formed
2019
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
4
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 683,222. Management and general expenses 0. Fundraising expenses 0. Total expenses 683,222. Scientific communications: Program service expenses 246,445. Management and general expenses 0. Fundraising expenses 0. Total expenses 246,445. Recruiting fees: Program service expenses 27,025. Management and general expenses 5,938. Fundraising expenses 358. Total expenses 33,321.”

Form 990, Part XII, Line 2C:

“The process in selecting the independent auditor has not changed.”

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, 2021. 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 AppendixShowing 400 of 478 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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IRS990/ProgSrvcAccomActy2Grp/Desc0Stakeholder and patient engagement - Through intentional planning and practice, we seek to ensure patients are full participants and equal partners in our research design, execution, and evaluation.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0167252
IRS990/ProgSrvcAccomActy3Grp/Desc0Media communications - The Foundation collaborates with healthcare stakeholders to engage in research, methods development, and health economic modeling focused on five core areas:1- Developing open-source platforms for measuring value2- Building tools to support decision making3- Improving the science of value measurement4- Conducting research to understand and quantify patient perspectives on value5- Engaging research partners for translational and applied use of OSVP models
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IVI 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, 2021. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Jennifer Bright
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Momentum Health Strategies
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
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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 683,222. Management and general expenses 0. Fundraising expenses 0. Total expenses 683,222. Scientific communications: Program service expenses 246,445. Management and general expenses 0. Fundraising expenses 0. Total expenses 246,445. Recruiting fees: Program service expenses 27,025. Management and general expenses 5,938. Fundraising expenses 358. Total expenses 33,321.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The process in selecting the independent auditor has not changed.
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

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,038,987
Liabilities
$79,736
Net assets
$1,959,251
Revenue
$1,664,291
Expenses
$2,258,514
Net income
-$594,223
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
2021Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.21$0.94$2.43$1.49$0.94