Civic Intelligence

Phare Bio Inc

EIN 85-1085804 • 501(c)3 • Boston, MA

Profile

Phare bio's mission is to develop critically needed antibiotics to address a looming crisis in antibiotic resistance. Using novel ai and deep learning approaches, phare bio aims to rapidly discover and develop new classes of antibiotics against the deadliest pathogens, and ensure that these therapies reach the patients in greatest need.

303 Congress Street 2nd FloorBoston, MA 02210

www.pharebio.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

32nd percentile

0.02x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$2,586,256

Up $748,762 (+41%) from 2023

Liabilities

Down

$76,903

Down $11,232 (-13%) from 2023

Net Assets

Up

$2,509,353

Up $759,994 (+43%) from 2023

Operations
Liabilities / Revenue32nd percentileNet Margin77th percentile

Revenue

Up

$2,148,132

Up $138,619 (+6.9%) from 2023

Expenses

Up

$1,461,003

Up $211,493 (+17%) from 2023

Net Income

Down

$687,129

Down $72,874 (-9.6%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2019: $1Liabilities 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $632,271Liabilities 2021: $28,461Net Assets 2021: $603,8102021Assets 2022: $1,009,435Liabilities 2022: $25,465Net Assets 2022: $983,9702022Assets 2023: $1,837,494Liabilities 2023: $88,135Net Assets 2023: $1,749,3592023Assets 2024: $2,586,256Liabilities 2024: $76,903Net Assets 2024: $2,509,3532024

Highlighted filing

2024

Assets$2,586,256
Liabilities$76,903
Net Assets$2,509,353
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $1,057,242Expenses 2021: $453,432Net Income 2021: $603,8102021Revenue 2022: $1,558,823Expenses 2022: $1,178,664Net Income 2022: $380,1592022Revenue 2023: $2,009,513Expenses 2023: $1,249,510Net Income 2023: $760,0032023Revenue 2024: $2,148,132Expenses 2024: $1,461,003Net Income 2024: $687,1292024

Highlighted filing

2024

Revenue$2,148,132
Expenses$1,461,003
Net Income$687,129
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,586,256
Liabilities
$76,903
Net assets
$2,509,353
Revenue
$2,148,132
Expenses
$1,461,003
Net income
$687,129
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.59$0.08$2.51$2.15$1.46$0.69
2023Detailed filing. Detailed filing data is available for this year.$1.84$0.09$1.75$2.01$1.25$0.76
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.03$0.98$1.56$1.18$0.38
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.03$0.60$1.06$0.45$0.60
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 20, 2025
Return Version
2023v6.0
Gross Receipts
$2,148,132
Mission and Program Overview

Mission

Non profit bio tech research

Phare bio uses ai/deep learning to develop novel antibiotics to tackle antimicrobial resistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,005,384$2,373,768▲ $1,368,384
Savings and Temporary Cash Investments$553,421--
Cash and Non-Interest-Bearing Accounts$275,000$208,688▼ $66,312
Prepaid Expenses and Deferred Charges$3,689$3,800▲ $111
Total Assets$1,837,494$2,586,256▲ $748,762
Liabilities
Accounts Payable and Accrued Expenses$88,135$76,903▼ $11,232
Total Liabilities$88,135$76,903▼ $11,232
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,749,359$2,509,353▲ $759,994
Total Net Assets Fund Balance$1,749,359$2,509,353▲ $759,994
Total Liabilities and Net Assets / Fund Balance$1,837,494$2,586,256▲ $748,762
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Akhila KosarajuCEO & PresidentFT$417,218$146,184$563,402
Claire Nishioka RobinsonSenior Director, Business StrategiesFT$114,583$52,634$167,217

Board Members and Trustees

NameTitle
William FosterChair & Treasurer
James CollinsDirector
Jose-carlos Guttierez-ramosDirector
Robert PlengeDirector
Steve EllisDirector
Susan UrahnDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,134,302
Program Service Revenue
$0
Investment Income
$13,335
Other Revenue
$495
All Other Contributions
$2,134,302
Change in Net Assets
$687,129

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,148,132
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$84,582
Total Revenue per Audited Statements
$2,232,714
Total Revenue per Form 990
$2,148,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$975,699
Other Expenses$485,304
Total Fundraising Expense$4,511
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$500,252$88,280-$588,532
Fees for Services Other$251,680$83,893-$335,573
Other Salaries and Wages$279,141$49,260-$328,401
Fees for Services Accounting-$81,604-$81,604
Payroll Taxes$36,650$6,468-$43,118
Other Employee Benefits$13,301$2,347-$15,648
Fees for Services Management$7,259$3,267$4,511$15,037
Travel-$13,047-$13,047
Office Expenses-$9,097-$9,097
Fees for Services Legal$8,813--$8,813
Advertising-$6,612-$6,612
Occupancy-$5,060-$5,060
Insurance-$4,450-$4,450
All Other Expenses-$3,251-$3,251
Conferences and Meetings-$2,450-$2,450
Other Expenses-$310-$310
Total Functional Expenses$1,097,096$359,396$4,511$1,461,003

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,461,003
Total Expenses per Audited Statements$1,461,003
Total Expenses per Form 990$1,461,003
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Phare bio's directors, officers, accounting and legal teams will review the 990 prior to filing.”

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

“All officers and directors are trained annually on the phare bio inc conflict of interest policy (adopted may 2020) and must acknowledge adherence to the policy. Any conflict of interest disclosures are required and must be updated with any new potential conflicts. The president and board of directors oversee all conflict of interest disclosures and compliance per the phare bio inc conflict of interest policy. Should a potential conflict arise, the board will determine whether a conflict exists and vote on any appropriate actions, be it disciplinary, corrective or otherwise.”

Form 990, Part VI, Section B, Line 15

“The board, led by the ceo and reviewed by the treasurer, determines all officer compensation by conducting an industry comparables analysis for both salaries and bonuses. Bonuses are approved by the board at the annual board meeting (along with the annual budget, which includes the salary and compensation budget) based on achievement of performance metrics set by the organization and approved by the board. The process described here was last completed in 2024.”

Form 990, Part VI, Section C, Line 19

“The organization makes its financial statements, policies, and other documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Phare Bio Inc
EIN
85-1085804
Phone
6174265900
Address
303 CONGRESS STREET 2ND FLOOR, BOSTON, MA 02210

Signing Officer

Name
Akhila Kosaraju
Title
CEO and President
Phone
6174265900
Signed
2025-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Akhila Kosaraju
Formed
2020
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
3
Volunteers
7

Preparer

Firm
Cliftonlarsonallen Llp
Address
4 BATTERYMARCH PARK SUITE 100, QUINCY, MA 02169
Preparer
Danielle Nihill
Phone
7819821001
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract services: program service expenses 251,680. Management and general expenses 83,893. Fundraising expenses 0. Total expenses 335,573.”

FORM 990, PART XI, LINE 9:

“Foreign currency gain/loss 745.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Foreign currency gain/loss 745.”

Raw XML AppendixShowing 400 of 457 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/PriorPeriodAdjustmentsAmt0-11717
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02007643
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt013192
IRS990/PYInvestmentIncomeAmt026
IRS990/PYOtherExpensesAmt0352916
IRS990/PYOtherRevenueAmt01844
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0760003
IRS990/PYSalariesCompEmpBnftPaidAmt0883402
IRS990/PYTotalExpensesAmt01249510
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02009513
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0687129
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0495
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0553421
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISC INCOME - 2022 AMOUNT: $ 1,844. 2023 AMOUNT: $ 495.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02134302
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02007643
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01557143
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01057242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06756330
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013335
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013361
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0495
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01844
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02339
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt03137271
IRS990ScheduleA/SubstantialContributorsTotAmt03619059
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02134302
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02007643
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01557143
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01057242
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06756330
IRS990ScheduleA/TotalSupportAmt06773710
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt01680
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01680
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01461003
IRS990ScheduleD/NetUnrealizedGainsInvstAmt083837
IRS990ScheduleD/OtherRevenueAmt0745
IRS990ScheduleD/RevenueNotReportedAmt084582
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02148132
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOREIGN CURRENCY GAIN/LOSS 745.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01461003
IRS990ScheduleD/TotalRevenuePerForm990Amt02148132
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02232714
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01461003
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0417218
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1114583
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0132000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount145000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014184
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt17634
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AKHILA KOSARAJU
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CLAIRE NISHIOKA ROBINSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SENIOR DIRECTOR, BUSINESS STRATEGIES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0563402
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1167217
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHARE BIO'S DIRECTORS, OFFICERS, ACCOUNTING AND LEGAL TEAMS WILL REVIEW THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS AND DIRECTORS ARE TRAINED ANNUALLY ON THE PHARE BIO INC CONFLICT OF INTEREST POLICY (ADOPTED MAY 2020) AND MUST ACKNOWLEDGE ADHERENCE TO THE POLICY. ANY CONFLICT OF INTEREST DISCLOSURES ARE REQUIRED AND MUST BE UPDATED WITH ANY NEW POTENTIAL CONFLICTS. THE PRESIDENT AND BOARD OF DIRECTORS OVERSEE ALL CONFLICT OF INTEREST DISCLOSURES AND COMPLIANCE PER THE PHARE BIO INC CONFLICT OF INTEREST POLICY. SHOULD A POTENTIAL CONFLICT ARISE, THE BOARD WILL DETERMINE WHETHER A CONFLICT EXISTS AND VOTE ON ANY APPROPRIATE ACTIONS, BE IT DISCIPLINARY, CORRECTIVE OR OTHERWISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD, LED BY THE CEO AND REVIEWED BY THE TREASURER, DETERMINES ALL OFFICER COMPENSATION BY CONDUCTING AN INDUSTRY COMPARABLES ANALYSIS FOR BOTH SALARIES AND BONUSES. BONUSES ARE APPROVED BY THE BOARD AT THE ANNUAL BOARD MEETING (ALONG WITH THE ANNUAL BUDGET, WHICH INCLUDES THE SALARY AND COMPENSATION BUDGET) BASED ON ACHIEVEMENT OF PERFORMANCE METRICS SET BY THE ORGANIZATION AND APPROVED BY THE BOARD. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, POLICIES, AND OTHER DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 251,680. MANAGEMENT AND GENERAL EXPENSES 83,893. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 335,573.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOREIGN CURRENCY GAIN/LOSS 745.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0PHARE BIO INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PHARE DISCOVERIES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0612087958
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0SCIENTIFIC RESEARCH
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0303 CONGRESS ST
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0BOSTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd002210
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01837494
IRS990/TotalAssetsEOYAmt02586256
IRS990/TotalAssetsGrp/BOYAmt01837494
IRS990/TotalAssetsGrp/EOYAmt02586256
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02134302
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04511
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0359396
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01097096
IRS990/TotalFunctionalExpensesGrp/TotalAmt01461003
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt088135
IRS990/TotalLiabilitiesEOYAmt076903
IRS990/TotalLiabilitiesGrp/BOYAmt088135

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