Civic Intelligence

Project Ds Inc.

990 • Fiscal year 2021 • EIN 83-2385624

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 31, 2022

1204 Village Market Place STE 288Morrisville, NC 27560

(252) 702-5130

Siviq Scores

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

Liabilities / Assets

78th percentile

0.47x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.40x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

82nd percentile

41%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

90th percentile

$328,255

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Assets

$5,367,289

No earlier filing loaded for comparison.

Net Assets

$2,858,542

No earlier filing loaded for comparison.

Liabilities

$2,508,747

No earlier filing loaded for comparison.

Revenue

$6,334,696

No earlier filing loaded for comparison.

Expenses

$3,727,639

No earlier filing loaded for comparison.

Net Income

$2,607,057

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2021: $5,367,289Liabilities 2021: $2,508,747Net Assets 2021: $2,858,5422021Assets 2022: $12,116,433Liabilities 2022: $1,401,398Net Assets 2022: $10,715,0352022Assets 2023: $7,076,925Liabilities 2023: $2,665,989Net Assets 2023: $4,410,9362023Assets 2024: $7,333,550Liabilities 2024: $2,542,319Net Assets 2024: $4,791,2312024

Highlighted filing

2021

Assets$5,367,289
Liabilities$2,508,747
Net Assets$2,858,542

Operations Trend

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

$10M$5.0M$0Revenue 2021: $6,334,696Expenses 2021: $3,727,639Net Income 2021: $2,607,0572021Revenue 2022: $9,817,888Expenses 2022: $3,051,667Net Income 2022: $6,766,2212022Revenue 2023: $4,982,610Expenses 2023: $2,286,709Net Income 2023: $2,695,9012023Revenue 2024: $2,896,617Expenses 2024: $2,516,322Net Income 2024: $380,2952024

Highlighted filing

2021

Revenue$6,334,696
Expenses$3,727,639
Net Income$2,607,057
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 31, 2022
Return Version
2021v4.2
Gross Receipts
$6,334,696
Mission and Program Overview

Mission

The goal of the Project Data Sphere initiative is to spark innovation that will help the cancer community unlock the potential of valuable BIG data by generating new insights and opening new research possibilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$95,505$3,000,430▲ $2,904,925
Cash and Non-Interest-Bearing Accounts$5,055,275$1,405,986▼ $3,649,289
Prepaid Expenses and Deferred Charges$371,614$927,014▲ $555,400
Land, Buildings, and Equipment, Net$50,841$33,859▼ $16,982
Total Assets$5,573,235$5,367,289▼ $205,946
Liabilities
Deferred Revenue$4,221,961$1,926,477▼ $2,295,484
Mortgage Notes Payable Secured by Investment Property$395,084--
Accounts Payable and Accrued Expenses$704,705$384,186▼ $320,519
Other Liabilities-$198,084-
Total Liabilities$5,321,750$2,508,747▼ $2,813,003
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$251,485$2,858,542▲ $2,607,057
Total Net Assets Fund Balance$251,485$2,858,542▲ $2,607,057
Total Liabilities and Net Assets / Fund Balance$5,573,235$5,367,289▼ $205,946

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,339$2,980$38,319
Equipment$-1,480$22,525$21,045
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William LouvPresidentFT$314,713$13,542$328,255

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,330,613
Investment Income
$295
Other Revenue
$3,788
Change in Net Assets
$2,607,057

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,334,696
Revenue Not Reported on Form 990
$344,371
Total Revenue per Audited Statements
$6,679,067
Total Revenue per Form 990
$6,334,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,928,411
Other Expenses$1,799,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,190,885$120,431-$1,311,316
Current Officers, Directors, Trustees, and Key Employees$285,942$28,177-$314,119
Other Employee Benefits$113,301$21,991-$135,292
Fees for Services Legal$116,181$5,953-$122,134
Fees for Services Other$98,620$13,412-$112,032
Payroll Taxes$98,289$7,712-$106,001
Fees for Services Accounting$80,632$4,130-$84,762
Pension Plan Contributions$57,420$4,263-$61,683
All Other Expenses$25,108$833-$25,941
Other Expenses$8,206$11,080-$19,286
Advertising$18,093--$18,093
Depreciation Depletion$2,129$14,853-$16,982
Insurance$5,796$6,365-$12,161
Conferences and Meetings$4,305$1,100-$5,405
Office Expenses$2,090$232-$2,322
Information Technology$511--$511
Travel$302$126-$428
Total Functional Expenses$3,463,505$264,134$0$3,727,639

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,072,010
Expenses per Audited Statements$3,727,639
Total Expenses per Form 990$3,727,639
Expenses Not Reported on Form 990$344,371
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related$198,084
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 governing body review Part VI line 11

The draft of the organizations 990 is provided to the governing body, for their review and approval, prior to being E-filed.

Conflict of interest policy compliance Part VI line 12C

Annually, the governing body is required to complete and sign conflict of interest statements.

CEO executive director top management comp Part VI line 15A

The executive committee of the governing body reviews, annuall, the compensation of the CEO, President and top management, in comparison to industry and non profit guidelines, and then approves the following year salaries and any bonus arrangements.

Other officer or key employee compensation Part VI line 15B

Annually senior management reviews the performance and compensation levels of the staff. Raises, bonuses or any other changes in compensation are decided upon during the annual budget.

Governing documents etc available to public Part VI line 19

Upon request the organization makes its annual 990 avaialble for public inspection.

Filing and Contact Details

Filer

Filer Name
Project DS Inc
EIN
83-2385624
Address
1204 Village Market Place STE 288, Morrisville, NC 27560

Signing Officer

Name
Betty Whichard CFO
Title
CFO
Phone
2527025130
Signed
2022-10-31
Discuss with paid preparer
No

Organization Details

Principal Officer
Robert Bradway
Formed
2018
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
5
Employees
10

Preparer

Firm
PT CPAs PLLC
Address
7610 Falls of Neuse Rd, Raleigh, NC 27615
Preparer
Joseph Turchetti
Phone
9198476800
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IRS990/Desc0The CEO Roundtable on Cancer created the independent, non-profit Project Data Sphere (PDS) in 2014. Project Data Sphere is responsible for all aspects of the Project Data Sphere platform, a free digital library-laboratory that provides one place where the worlds research community can broadly share, integrate and analyze historical, patient-level, comparator-arm data from academic and industry phase III cancer clinical trials. The Project Data Sphere platform is available to researchers affiliated with life science companies, hospitals and institutions, as well as independent researchers. Anyone interested in cancer research can apply and become an authorized user.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive committee of the governing body reviews, annuall, the compensation of the CEO, President and top management, in comparison to industry and non profit guidelines, and then approves the following year salaries and any bonus arrangements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annually senior management reviews the performance and compensation levels of the staff. Raises, bonuses or any other changes in compensation are decided upon during the annual budget.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
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