Civic Intelligence

Institute for Physical Sciences Inc

990 • Fiscal year 2015 • EIN 85-0426779

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 17, 2016

1365 Beverly Road No 300Mclean, VA 22101

(703) 760-9889

Siviq Scores

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

Liabilities / Assets

61st percentile

0.20x

Higher debt load relative to assets than 61% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

37th percentile

0.06x

Higher debt load relative to revenue than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

53rd percentile

3.5%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

91st percentile

$221,102

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

1st percentile

-62%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$418,751

Down $682,038 (-62%) from 2014

Net Assets

Up

$334,470

Up $52,979 (+19%) from 2014

Liabilities

Down

$84,281

Down $735,017 (-90%) from 2014

Revenue

Down

$1,528,090

Down $4,573,902 (-75%) from 2014

Expenses

Down

$1,475,111

Down $5,792,070 (-80%) from 2014

Net Income

Up

$52,979

Up $1,218,168 (+105%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2010: $3,733,571Liabilities 2010: $1,924,238Net Assets 2010: $1,809,3332010Assets 2011: $2,093,075Liabilities 2011: $2,412,568Net Assets 2011: -$319,4932011Assets 2012: $2,665,751Liabilities 2012: $1,863,778Net Assets 2012: $801,9732012Assets 2013: $3,404,350Liabilities 2013: $1,957,670Net Assets 2013: $1,446,6802013Assets 2014: $1,100,789Liabilities 2014: $819,298Net Assets 2014: $281,4912014Assets 2015: $418,751Liabilities 2015: $84,281Net Assets 2015: $334,4702015Assets 2016: $820,681Liabilities 2016: $687,404Net Assets 2016: $133,2772016Assets 2017: $67,812Liabilities 2017: $30,178Net Assets 2017: $37,6342017

Highlighted filing

2015

Assets$418,751
Liabilities$84,281
Net Assets$334,470

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2010: $9,339,872Expenses 2010: $8,732,080Net Income 2010: $607,7922010Revenue 2011: $7,404,929Expenses 2011: $9,533,752Net Income 2011: -$2,128,8232011Revenue 2012: $10,227,366Expenses 2012: $9,105,900Net Income 2012: $1,121,4662012Revenue 2013: $10,046,440Expenses 2013: $9,401,733Net Income 2013: $644,7072013Revenue 2014: $6,101,992Expenses 2014: $7,267,181Net Income 2014: -$1,165,1892014Revenue 2015: $1,528,090Expenses 2015: $1,475,111Net Income 2015: $52,9792015Revenue 2016: $1,366,033Expenses 2016: $1,567,226Net Income 2016: -$201,1932016Revenue 2017: $432,519Expenses 2017: $567,455Net Income 2017: -$134,9362017

Highlighted filing

2015

Revenue$1,528,090
Expenses$1,475,111
Net Income$52,979
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 17, 2016
Return Version
2015v2.1
Gross Receipts
$1,528,090
Mission and Program Overview

Mission

To promote and carry out scientific research.

to promote and carry out scientific research in various areas of physics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$472,988--
Cash and Non-Interest-Bearing Accounts$91,063$223,749▲ $132,686
Land, Buildings, and Equipment, Net$429,105$183,345▼ $245,760
Prepaid Expenses and Deferred Charges$16,483$4,657▼ $11,826
Total Assets$1,100,789$418,751▼ $682,038
Other Assets Total$91,150$7,000▼ $84,150
Liabilities
Unsecured Notes Loans Payable$320,000--
Accounts Payable and Accrued Expenses$499,298$84,281▼ $415,017
Total Liabilities$819,298$84,281▼ $735,017
Net Assets / Fund Balance
Unrestricted Net Assets$281,491$334,470▲ $52,979
Total Net Assets Fund Balance$281,491$334,470▲ $52,979
Total Liabilities and Net Assets / Fund Balance$1,100,789$418,751▼ $682,038

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$172,383$330,479$502,862
Equipment$7,602$168,935$176,537
Leasehold Improvements$3,360$118,400$121,760
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ronnie MainieriPresident/TreasurerPT$205,271$15,831$221,102
Gregory Kent JohnsonIT ManagerPT$130,557$8,343$138,900
Sarah J DiMonteHR/Contracts MgrPT$111,009$11,868$122,877
Thad BrownCEO/ChairmanPT$9,369$13,253$22,622

Board Members and Trustees

NameTitle
David CampbellBoard Member
Gary DoolenBoard Member
David MeyerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,489,560
Program Service Revenue
$0
Investment Income
$38,530
Other Revenue
$0
Change in Net Assets
$52,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$825,208
Salaries, Compensation, and Employee Benefits$649,903
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$245,192$74,611-$319,803
Other Salaries and Wages$144,795$44,061-$188,856
Depreciation Depletion$160,561$15,665-$176,226
Occupancy$106,014$32,259-$138,273
Information Technology$95,799$8,016-$103,815
Other Employee Benefits$76,827$23,378-$100,205
Payroll Taxes$31,465$9,574-$41,039
Office Expenses$14,458$4,400-$18,858
Interest-$15,534-$15,534
Other Expenses$11,021$1,591-$12,612
Fees for Services Accounting-$6,470-$6,470
Fees for Services Legal-$2,645-$2,645
All Other Expenses-$492-$492
Conferences and Meetings-$29-$29
Total Functional Expenses$1,169,204$305,907$0$1,475,111
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
-Ronnie Mainieri, president, is a shareholder in Permission Bit, Inc.Ronnie Mainieri is the president of the organization and a shareholder of permission bit, inc. permission bit, inc. performed services during the year for the organization as a subcontractor. All transactions are at arms length and fair market value.No$246,401
-T. Brown is a shareholder and officer of center for social computations INCThad Brown is chairman of the organization and a shareholder and officer of the center for social computations. The center performed subcontracted services for the organization. All transactions were at arms length and fair market value.No$184,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

There are no committees with authority to act on behalf of the governing body; thus there are no minutes to document.

Form 990, Part VI, Section B, line 11

After the 990 is prepared by the public accounting firm, a draft copy is returned to the organization for review by the accounting department and the Director of Business Operations. Adjustments, if any, are corrected. The return is then presented to the President/Treasurer and Chairman/CEO of the company for final review, approval, and signature.

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

Board members are asked annually about conflict of interests. Potential conflicts are reviewed on a case by case basis and adjustments (such as resignations or reassignment) are made accordingly. In the event of a conflict during the year, the Board member with the potential conflict will recuse himself/herself from the discussion and vote.

Form 990, Part VI, Section B, line 15

Annual reviews for employees are documented and are based on performance evaluations and the type of work performed. Outside factors are also considered, such as market rate for the quality of services rendered. The government audit departments constantly reviews IPS' cost proposals submitted for government contract awards for reasonable pricing, which includes current salary expenses and estimated escalation rates. Acceptance of these rates represents approval from an independent source.

Form 990, Part VI, Section C, line 19

ips does not make their governing documents, conflict of interest policy or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Institute for Physical Science Inc
EIN
85-0426779
Phone
7037609889
Address
1365 Beverly Road No 300, Mclean, VA 22101

Signing Officer

Name
Ronnie Mainieri
Title
President
Phone
7037609889
Signed
2016-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Thad Brown
Formed
1994
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
3
Employees
6
Volunteers
3

Preparer

Firm
Cherry Bekaert Llp
Address
1111 Metropolitan Ave Ste 1000, Charlotte, NC 28204
Preparer
Janice A Ratica
Phone
7043771678
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IRS990ScheduleA/TotalSupportAmt035232012
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt07602
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0168935
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0176537
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03360
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0118400
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0121760
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0172383
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0330479
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0502862
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0183345
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0205271
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt015831
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Ronnie Mainieri
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President/Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0221102
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0During the year, Sarah J. DiMonte received $12,082 in severance pay and Gregory Kent Johnson received $13,004.60 in severance pay.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 4a
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PERMISSION BIT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1Center for Social Computations Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Ronnie Mainieri, president, is a shareholder in Permission Bit, Inc.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1T. Brown is a shareholder and officer of center for social computations INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0246401
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1184000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Ronnie Mainieri is the president of the organization and a shareholder of permission bit, inc. permission bit, inc. performed services during the year for the organization as a subcontractor. All transactions are at arms length and fair market value.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Thad Brown is chairman of the organization and a shareholder and officer of the center for social computations. The center performed subcontracted services for the organization. All transactions were at arms length and fair market value.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY; THUS THERE ARE NO MINUTES TO DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1After the 990 is prepared by the public accounting firm, a draft copy is returned to the organization for review by the accounting department and the Director of Business Operations. Adjustments, if any, are corrected. The return is then presented to the President/Treasurer and Chairman/CEO of the company for final review, approval, and signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are asked annually about conflict of interests. Potential conflicts are reviewed on a case by case basis and adjustments (such as resignations or reassignment) are made accordingly. In the event of a conflict during the year, the Board member with the potential conflict will recuse himself/herself from the discussion and vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annual reviews for employees are documented and are based on performance evaluations and the type of work performed. Outside factors are also considered, such as market rate for the quality of services rendered. The government audit departments constantly reviews IPS' cost proposals submitted for government contract awards for reasonable pricing, which includes current salary expenses and estimated escalation rates. Acceptance of these rates represents approval from an independent source.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ips does not make their governing documents, conflict of interest policy or financial statements available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01100789
IRS990/TotalAssetsEOYAmt0418751
IRS990/TotalAssetsGrp/BOYAmt01100789
IRS990/TotalAssetsGrp/EOYAmt0418751
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01489560
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0305907
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01169204
IRS990/TotalFunctionalExpensesGrp/TotalAmt01475111
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0819298
IRS990/TotalLiabilitiesEOYAmt084281
IRS990/TotalLiabilitiesGrp/BOYAmt0819298
IRS990/TotalLiabilitiesGrp/EOYAmt084281
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0281491
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0334470
IRS990/TotalOtherCompensationAmt049295
IRS990/TotalProgramServiceExpensesAmt01169204
IRS990/TotalReportableCompFromOrgAmt0456206
IRS990/TotalRevenueGrp/ExclusionAmt038530
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01528090
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01100789
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0418751
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0281491
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0334470
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0320000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01365 Beverly Road Suite 300
IRS990/USAddress/CityNm0Mclean
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022101
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0n/a
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RONNIE MAINIERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07037609889
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Institute for Physical Science Inc

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