Civic Intelligence

Phare Bio Inc.

990 • Fiscal year 2022 • EIN 85-1085804

Jul 01, 2021 to Jun 30, 2022 • Filed on May 03, 2023

Organization ProfileWWW.PHAREBIO.ORG

View Organization Page

303 Congress Street 2nd FloorBoston, MA 02210

(617) 426-5900

Siviq Scores

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

Liabilities / Assets

39th percentile

0.03x

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

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

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

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

Net Margin

75th percentile

24%

Higher net margin than 75% of similar nonprofits.

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

Top Officer Pay

97th percentile

$417,333

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 26.8% of source-year revenue.

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

Asset Growth

90th percentile

60%

Faster asset growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

47%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$1,009,435

Up $377,164 (+60%) from 2021

Net Assets

Up

$983,970

Up $380,160 (+63%) from 2021

Liabilities

Down

$25,465

Down $2,996 (-11%) from 2021

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin75th percentile

Revenue

Up

$1,558,823

Up $501,581 (+47%) from 2021

Expenses

Up

$1,178,664

Up $725,232 (+160%) from 2021

Net Income

Down

$380,159

Down $223,651 (-37%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$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

2022

Assets$1,009,435
Liabilities$25,465
Net Assets$983,970
Open 2022 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$1,558,823
Expenses$1,178,664
Net Income$380,159
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 3, 2023
Return Version
2021v4.2
Gross Receipts
$1,558,823
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
Cash and Non-Interest-Bearing Accounts$619,730$993,256▲ $373,526
Prepaid Expenses and Deferred Charges$12,541$16,179▲ $3,638
Total Assets$632,271$1,009,435▲ $377,164
Liabilities
Accounts Payable and Accrued Expenses$28,460$25,465▼ $2,995
Total Liabilities$28,460$25,465▼ $2,995
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$603,811$983,970▲ $380,159
Total Net Assets Fund Balance$603,811$983,970▲ $380,159
Total Liabilities and Net Assets / Fund Balance$632,271$1,009,435▲ $377,164
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Akhila KosarajuCEO & PresidentFT$395,154$22,179$417,333

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
$1,557,143
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,680
All Other Contributions
$1,557,143
Change in Net Assets
$380,159

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,558,823
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,558,823
Total Revenue per Form 990
$1,558,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$688,991
Other Expenses$489,673
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$552,642$97,525-$650,167
Fees for Services Other$312,812$45,000-$357,812
Fees for Services Accounting-$68,697-$68,697
Payroll Taxes$20,699$3,653-$24,352
Fees for Services Management$21,266$2,363-$23,629
Fees for Services Legal$17,756$4,439-$22,195
Other Employee Benefits$12,301$2,171-$14,472
Travel-$5,924-$5,924
Office Expenses-$4,764-$4,764
Insurance-$4,265-$4,265
Advertising-$2,100-$2,100
Other Expenses-$95-$95
Total Functional Expenses$937,476$241,188$0$1,178,664

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,178,664
Total Expenses per Audited Statements$1,178,664
Total Expenses per Form 990$1,178,664
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$16,057

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrants to Recipients in the Region-00$16,057
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
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 last approval of bonuses/annual budget occurred at the last annual board meeting on november 14, 2022”

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
2023-05-03
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
2
Volunteers
6

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 312,812. Management and general expenses 45,000. Fundraising expenses 0. Total expenses 357,812.”

Financial Statement Notes

Part XI, Line 1 and Part XII Line 1

“Phare bio, inc. Is organized as a delaware nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under internal revenue code (irc) section 501(a) as an organization described in irc section 501(c)(3), qualifies for the charitable contribution deduction under irc sections 170(b)(1)(a)(vi) and has been determined not to be a private foundation under irc sections 509(a)(1). The organization is annually required to file a return of organization exempt from income tax form (form 990) with the irs. In addition, the entity is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purpose; however it was determined that the entity is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs.”

Raw XML AppendixShowing 400 of 426 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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IRS990ScheduleA/TotalSupportAmt02616065
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/ExpensesSubtotalAmt01178664
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01558823
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PHARE BIO, INC. IS ORGANIZED AS A DELAWARE NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTIONS 170(B)(1)(A)(VI) AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER IRC SECTIONS 509(A)(1). THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FORM (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSE; HOWEVER IT WAS DETERMINED THAT THE ENTITY IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 1 AND PART XII LINE 1
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01178664
IRS990ScheduleD/TotalRevenuePerForm990Amt01558823
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01558823
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01178664
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt016057
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS IN THE REGION
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt016057
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CHECK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0MCMASTER UNIVERSITY (THE STOKES LAB)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0NORTH AMERICA
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt016057
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0PHARE BIO CLOSELY MONITORS GRANT FUNDS OUTSIDE OF THE US WITH QUARTERLY REPORTING, PAYMENTS ONLY UPON DETAILED SCIENTIFIC MILESTONES ACHIEVED, AND CLOSE COLLABORATION WITH THE GRANTEE ORGANIZATION.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1IN EXCHANGE FOR THE FULL AND PROPER PERFORMANCE OF THE RESEARCH UNDER THIS AGREEMENT, ORGANIZATION AGREES TO PAY MCMASTER THE FEES ON THE TIMELINE AND SUBJECT TO THE CONDITIONS (INCLUDING THE DELIVERY OF ANY DELIVERABLES) AS SPECIFIED IN SCHEDULE A. IN THE EVENT OF TERMINATION, THE ORGANIZATION SHALL PAY MCMASTER ANY FEES FOR ANY RESEARCH COMPLETED UP TO AND INCLUDING THE DATE OF SUCH TERMINATION, AND ANY OTHER COSTS DIRECTLY RESULTING FROM SUCH TERMINATION INCLUDING OBLIGATIONS UNDER THE ONTARIO EMPLOYMENT STANDARDS ACT, EXCEPT IN THE EVENT OF A MATERIAL BREACH BY MCMASTER. SCHEDULE A: RESEARCH PLAN MCMASTER WILL BE PAID A TOTAL FEE OF $30,000 AS THREE PAYMENTS OF $10,000 EACH EVERY 4 MONTHS STARTING 1/15/2022 FOR RESEARCH PERFORMED. IN ADDITION, MCMASTER WILL BE PAID A ONE-TIME $7,500 FEE FOR OVERHEAD AT THE TIME OF THE SECOND PAYMENT
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2PART III: ACCOUNTING METHOD
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt016057
IRS990ScheduleF/TransferToForeignCorpInd00
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/BaseCompensationFilingOrgAmt0395154
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022179
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AKHILA KOSARAJU
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0417333
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
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 LAST APPROVAL OF BONUSES/ANNUAL BUDGET OCCURRED AT THE LAST ANNUAL BOARD MEETING ON NOVEMBER 14, 2022
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 312,812. MANAGEMENT AND GENERAL EXPENSES 45,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 357,812.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0632271
IRS990/TotalAssetsEOYAmt01009435
IRS990/TotalAssetsGrp/BOYAmt0632271
IRS990/TotalAssetsGrp/EOYAmt01009435
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01557143
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0241188
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0937476
IRS990/TotalFunctionalExpensesGrp/TotalAmt01178664
IRS990/TotalGrossUBIAmt01680
IRS990/TotalLiabilitiesBOYAmt028460
IRS990/TotalLiabilitiesEOYAmt025465
IRS990/TotalLiabilitiesGrp/BOYAmt028460
IRS990/TotalLiabilitiesGrp/EOYAmt025465
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0603811
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0983970
IRS990/TotalOtherCompensationAmt022179
IRS990/TotalProgramServiceExpensesAmt0937476
IRS990/TotalReportableCompFromOrgAmt0395154
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01558823
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01680
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0632271
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01009435
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt05924
IRS990/TravelGrp/TotalAmt05924
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0303 CONGRESS STREET 2ND FLOOR
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002210
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PHAREBIO.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AKHILA KOSARAJU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO AND PRESIDENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,009,435
Liabilities
$25,465
Net assets
$983,970
Revenue
$1,558,823
Expenses
$1,178,664
Net income
$380,159
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
Peer Organizations

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