Civic Intelligence

Subcutaneous Drug Development & Delivery Consortium Inc

990 • Fiscal year 2020 • EIN 85-0837695

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 09, 2022

3855 SW 153rd DriveBeaverton, OR 97003

(503) 619-0505

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.38x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.56x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

100th percentile

89%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • 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

$726,531

No earlier filing loaded for comparison.

Net Assets

$446,855

No earlier filing loaded for comparison.

Liabilities

$279,676

No earlier filing loaded for comparison.

Revenue

$500,000

No earlier filing loaded for comparison.

Expenses

$53,145

No earlier filing loaded for comparison.

Net Income

$446,855

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.

$1.5M$1.0M$500K$0Assets 2020: $726,531Liabilities 2020: $279,676Net Assets 2020: $446,8552020Assets 2021: $868,101Liabilities 2021: $101,657Net Assets 2021: $766,4442021Assets 2022: $685,644Liabilities 2022: $50,941Net Assets 2022: $634,7032022Assets 2023: $901,226Liabilities 2023: $275,722Net Assets 2023: $625,5042023Assets 2024: $1,156,608Liabilities 2024: $303,224Net Assets 2024: $853,3842024

Highlighted filing

2020

Assets$726,531
Liabilities$279,676
Net Assets$446,855

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $500,000Expenses 2020: $53,145Net Income 2020: $446,8552020Revenue 2021: $600,000Expenses 2021: $280,411Net Income 2021: $319,5892021Revenue 2022: $406,250Expenses 2022: $537,991Net Income 2022: -$131,7412022Revenue 2023: $760,000Expenses 2023: $769,199Net Income 2023: -$9,1992023Revenue 2024: $719,723Expenses 2024: $491,843Net Income 2024: $227,8802024

Highlighted filing

2020

Revenue$500,000
Expenses$53,145
Net Income$446,855
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 9, 2022
Return Version
2020v4.0
Gross Receipts
$500,000
Mission and Program Overview

Mission

Our mission is to collaboratively advance the most pressing issues and opportunities in subcutaneous dosage and delivery in a precompetitive manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets-$426,608-
Accounts Receivable-$200,000-
Cash and Non-Interest-Bearing Accounts-$99,923-
Total Assets$0$726,531▲ $726,531
Liabilities
Accounts Payable and Accrued Expenses-$279,676-
Total Liabilities$0$279,676▲ $279,676
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$446,855-
Total Net Assets Fund Balance$0$446,855▲ $446,855
Total Liabilities and Net Assets / Fund Balance$0$726,531▲ $726,531
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Charles River AssociatesManagement129 SUMMIT AVE 200, Summit, NJ 07901$200,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$500,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$446,855
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,145
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$30,472
Fees for Services Legal---$18,221
Fees for Services Other---$4,375
Office Expenses---$77
Total Functional Expenses$0$0$0$53,145
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization delegates the majority of operations secretariat duties to the management company, vital technical marketing, inc. Including but not limited to administration of the majority of meetings, assistance with membership duties and all financial duties.

Form 990, Page 6, Part VI, Line 6

Governing board members: industry experts in subcutaneous drug development & delivery who guide the overall direction of the sc consortium through voting rights and serving as sub-team leads and/or participants. Sub-team collaborators: individuals who are not on the governing board but who actively contribute to sub-team workstreams. These collaborators may belong to an organization contributing to the governing board or be another stakeholder in the sc ecosystem and are directly involved in driving forward sc consortium workstreams.

Form 990, Page 6, Part VI, Line 7A

Members elect members of the governing body.

Form 990, Page 6, Part VI, Line 7B

Yes, major decisions of the governing body are approved by the governing board members through a voting process, as written in the consortium's bylaws.

Form 990, Page 6, Part VI, Line 11B

No process was used by the organization to review form 990.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Subcutaneous Drug Development
EIN
85-0837695
Phone
5036190505
Address
3855 SW 153RD DRIVE, BEAVERTON, OR 97003

Signing Officer

Name
David Collins
Title
President
Phone
5036190505
Signed
2022-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Collins
Formed
2020
Legal Domicile
De
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Skcpa & Co
Address
10260 SW GREENBURG ROAD SUITE 1000, PORTLAND, OR 97223-5526
Preparer
Sean S Kim
Phone
5032931040
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

OFFICERS AND DIRECTORS.

Raw XML Appendix269 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/Desc0PUBLICATION: DAVID S. COLLINS?, MANUEL SNCHEZ-FLIX, ADVAIT V. BADKAR, AND RANDALL MRSNY. ACCELERATING THE DEVELOPMENT OF NOVEL TECHNOLOGIES AND TOOLS FOR THE SUBCUTANEOUS DELIVERY OF BIOTHERAPEUTICS. J CONTROL RELEASE. 2020 MAY 10;321:475-482. DOI: 10.1016/J.JCONREL.2020.02.036. EPUB 2020 FEB 24.
IRS990/ProgSrvcAccomActy3Grp/Desc0PUBLICATION: MANUEL SNCHEZ-FLIX?, MATT BURKE, HUNTER H. CHEN, CLAIRE PATTERSON, AND SACHIN MITTAL. PREDICTING BIOAVAILABILITY OF MONOCLONAL ANTIBODIES AFTER SUBCUTANEOUS ADMINISTRATION: OPEN INNOVATION CHALLENGE. ADV DRUG DELIV REV. 2020 DEC;167:66-77. DOI: 10.1016/J.ADDR.2020.05.009. EPUB 2020 MAY 27.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATES THE MAJORITY OF OPERATIONS SECRETARIAT DUTIES TO THE MANAGEMENT COMPANY, VITAL TECHNICAL MARKETING, INC. INCLUDING BUT NOT LIMITED TO ADMINISTRATION OF THE MAJORITY OF MEETINGS, ASSISTANCE WITH MEMBERSHIP DUTIES AND ALL FINANCIAL DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING BOARD MEMBERS: INDUSTRY EXPERTS IN SUBCUTANEOUS DRUG DEVELOPMENT & DELIVERY WHO GUIDE THE OVERALL DIRECTION OF THE SC CONSORTIUM THROUGH VOTING RIGHTS AND SERVING AS SUB-TEAM LEADS AND/OR PARTICIPANTS. SUB-TEAM COLLABORATORS: INDIVIDUALS WHO ARE NOT ON THE GOVERNING BOARD BUT WHO ACTIVELY CONTRIBUTE TO SUB-TEAM WORKSTREAMS. THESE COLLABORATORS MAY BELONG TO AN ORGANIZATION CONTRIBUTING TO THE GOVERNING BOARD OR BE ANOTHER STAKEHOLDER IN THE SC ECOSYSTEM AND ARE DIRECTLY INVOLVED IN DRIVING FORWARD SC CONSORTIUM WORKSTREAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS ELECT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES, MAJOR DECISIONS OF THE GOVERNING BODY ARE APPROVED BY THE GOVERNING BOARD MEMBERS THROUGH A VOTING PROCESS, AS WRITTEN IN THE CONSORTIUM'S BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO PROCESS WAS USED BY THE ORGANIZATION TO REVIEW FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
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ReasonableCauseExplanation/ExplanationTxt0WE HAD TO MAIL THE 2020 FORM 990S TO IRS BECAUSE WHEN WE TRIED TO E-FILE, THEY WERE REJECTED DUE TO "DATABASE VALIDATION ERROR: /RETURN/RETURNDATA/IRS990/ORGANIZATION501CIND: TAX-EXEMPT STATUS SPECIFIED IN ITEM I, MUST MATCH DATA IN THE EFILE DATABASE". THE PAPER-FILED FORM 990S WERE RETURNED TO US BY IRS BECAUSE THEY WERE NOT FILED ELECTRONICALLY. IT TOOK A LONG TIME TO RESOLVE THE ISSUE WITH IRS SO WE COULD FINALLY E-FILE. WE HAD A REASONABLE CAUSE THEREFORE PLEASE DO NOT ASSESS ANY LATE FILING PENALTY.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/TaxYr02020

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