Civic Intelligence

Epigenetic Clock Development Corporation

990 • Fiscal year 2021 • EIN 85-1457272

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 29, 2022

1124 W Carson St Bldg 3rdTorrance, CA 90502

(513) 869-9793

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

53rd percentile

14%

Higher net margin than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

78th percentile

$123,958

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

96th percentile

170%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

420%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$708,627

Up $446,655 (+170%) from 2020

Net Assets

Up

$656,136

Up $406,164 (+162%) from 2020

Liabilities

Up

$52,491

Up $40,491 (+337%) from 2020

Revenue

Up

$2,774,349

Up $2,240,895 (+420%) from 2020

Expenses

Up

$2,373,123

Up $2,088,591 (+734%) from 2020

Net Income

Up

$401,226

Up $152,304 (+61%) from 2020

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: $261,972Liabilities 2020: $12,000Net Assets 2020: $249,9722020Assets 2021: $708,627Liabilities 2021: $52,491Net Assets 2021: $656,1362021Assets 2022: $1,193,723Liabilities 2022: $532,743Net Assets 2022: $660,9802022Assets 2023: $954,701Liabilities 2023: $945,905Net Assets 2023: $8,7962023Assets 2024: $330,376Liabilities 2024: $186,603Net Assets 2024: $143,7732024

Highlighted filing

2021

Assets$708,627
Liabilities$52,491
Net Assets$656,136

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2020: $533,454Expenses 2020: $284,532Net Income 2020: $248,9222020Revenue 2021: $2,774,349Expenses 2021: $2,373,123Net Income 2021: $401,2262021Revenue 2022: $3,593,807Expenses 2022: $3,391,084Net Income 2022: $202,7232022Revenue 2023: $2,885,392Expenses 2023: $3,453,461Net Income 2023: -$568,0692023Revenue 2024: $2,073,205Expenses 2024: $1,828,411Net Income 2024: $244,7942024

Highlighted filing

2021

Revenue$2,774,349
Expenses$2,373,123
Net Income$401,226
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 29, 2022
Return Version
2021v4.0
Gross Receipts
$2,774,349
Mission and Program Overview

Mission

The clock foundation was formed for the specific and primary purpose of conducting medical research on aging and age-related diseases. Developing the epigenetic aging clock into a useful technology will require medical research on aging and age-related diseases. Consequently, the activity will advance clock foundation's specific purpose of conducting medical research on aging and age-related diseases. If the medical research of the clock foundation is successful and the fda approves the clock foundation's testing method, many new drugs or treatments that are able to reverse epigenetic aging could then be formally approved by the fda for the treatment of aging and for use in preventative medicine.

The epigenetic clock development foundation ("clock foundation") was formed to enable rigorous medical research on aging and longevity. Our research mainly involves use and development of new aging biomarkers known as epigenetic clocks for testing the effectiveness of longevity treatments within preclinical and clinical studies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$250,371$430,291▲ $179,920
Accounts Receivable$11,040$247,180▲ $236,140
Prepaid Expenses and Deferred Charges$561$11,937▲ $11,376
Total Assets$261,972$708,627▲ $446,655
Other Assets Total-$19,219-
Liabilities
Accounts Payable and Accrued Expenses$11,998$52,230▲ $40,232
Other Liabilities-$261-
Total Liabilities$11,998$52,491▲ $40,493
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$249,974$656,136▲ $406,162
Total Net Assets Fund Balance$249,974$656,136▲ $406,162
Total Liabilities and Net Assets / Fund Balance$261,972$708,627▲ $446,655
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stefan HorvathDirector, Ch-$123,958$123,958
Robert BrookeExecutive DiPT$120,000$120,000

Board Members and Trustees

NameTitle
Dean PrissmanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,500,000
Program Service Revenue
$847,061
Investment Income
$45
Other Revenue
$427,243
All Other Contributions
$1,500,000
Change in Net Assets
$401,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,960,660
Salaries, Compensation, and Employee Benefits$412,463
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$330,477--$330,477
Current Officers, Directors, Trustees, and Key Employees$123,958$120,000-$243,958
Other Salaries and Wages$138,960--$138,960
Insurance$57,588--$57,588
Occupancy$36,660--$36,660
Payroll Taxes$29,545--$29,545
Other Expenses$24,549--$24,549
All Other Expenses$17,820--$17,820
Fees for Services Accounting$11,576--$11,576
Fees for Services Legal$11,045--$11,045
Advertising$4,726--$4,726
Office Expenses$3,619--$3,619
Travel$2,625--$2,625
Total Functional Expenses$2,253,123$120,000$0$2,373,123
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
CA Pit / Sdi$261
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

Financials are prepared by a bookkeeper with input from a certified public accountant. Tax accountants prepare the filing. Executive director reviews and receives input from legal counsel prior to filing.

Form 990, Page 6, Part VI, Line 12C

Officers, directors, employees and volunteers of epigenetic clock development foundation are encouraged to bring any alleged unlawful activity, policy or practice to the attenion of epigenetic clock development foundation. A protest, concern or complaint shall be made in writing to the president of epigenetic clock development foundation.

Form 990, Page 6, Part VI, Line 15A

Board members and donor organizations are made aware of and able to review executive and key employee compensation through independent reports and through approval of annual budgets.

Form 990, Page 6, Part VI, Line 15B

Board members and donor organizations are made aware of and able to review executive and key employee compensation through independent reports and through approval of annual budgets.

Form 990, Page 6, Part VI, Line 19

The documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Epigenetic Clock Development
EIN
85-1457272
Address
1124 W CARSON ST BLDG 3RD, TORRANCE, CA 90502

Signing Officer

Name
Robert Brooke
Title
Executive Director
Phone
8189213980
Signed
2022-11-29

Organization Details

Principal Officer
Robert Brooke
Formed
2020
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
6
Volunteers
2

Preparer

Firm
Hw Llp
Address
16501 VENTURA BLVD STE 400, ENCINO, CA 91436
Preparer
Louis N Hamel CPA
Phone
8189213980
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The clock foundation was formed for the specific and primary purpose of conducting medical research on aging and age-related diseases. Developing the epigenetic aging clock into a useful technology will require medical research on aging and age-related diseases. Consequently, the activity will advance clock foundation's specific purpose of conducting medical research on aging and age-related diseases. If the medical research of the clock foundation is successful and the fda approves the clock foundation's testing method, many new drugs or treatments that are able to reverse epigenetic aging could then be formally approved by the fda for the treatment of aging and for use in preventative medicine.

Form 990, Page 2, Part III, Line 4A

Internal research program: hiring of additional clock foundation team members we hired an additional phd biostatistician, along with additional part-time operational, administration, and finance staff. We continued to work closely with our scientific advisory board, especially on the development of rigorous approaches for epigenetic clock testing. Exclusive ucla ip license completed an exclusive license to the horvath ip portfolio was obtained in june 2021. No additional sublicenses or outlicensing agreements have been entered into, although we entered into several research collaboration agreements with groups this year.

Form 990, Page 2, Part III, Line 4B

External research collaborations: many interventional studies completed one of the most significant promises of epigenetic clocks is to act as a reliable biomarker to evaluate putative longevity treatments. We conducted many new interventional studies, for clinical trials and also preclinical studies, some with exciting effects and others with mediocre or negative results. This includes studies on plasmapharesis, young plasma treatment, stem cell exosomes, umbilical cord plasma, and a senolytic gene therapy. Mechanisms of aging studies ongoing another key application of epigenetic clocks is to help enable mechanistic studies, including the link of epigenetic aging to other aging hallmarks. Exciting mechanistic studies this past year included ones on ercc1 progeria models, bone marrow transplants, and progeria cell lines.

Form 990, Page 2, Part III, Line 4D

OTHER PROGRAM SERVICES

Form 990, Part IX, Line 11G

Intl property 142,706 0 0 advisory fee 93,604 0 0 advisory fee - vugene llc 94,167 0 0 total 330,477 0 0

Raw XML Appendix327 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/MissionDesc0THE CLOCK FOUNDATION WAS FORMED FOR THE SPECIFIC AND PRIMARY PURPOSE OF CONDUCTING MEDICAL RESEARCH ON AGING AND AGE-RELATED DISEASES. DEVELOPING THE EPIGENETIC AGING CLOCK INTO A USEFUL TECHNOLOGY WILL REQUIRE MEDICAL RESEARCH ON AGING AND AGE-RELATED DISEASES. CONSEQUENTLY, THE ACTIVITY WILL ADVANCE CLOCK FOUNDATION'S SPECIFIC PURPOSE OF CONDUCTING MEDICAL RESEARCH ON AGING AND AGE-RELATED DISEASES. IF THE MEDICAL RESEARCH OF THE CLOCK FOUNDATION IS SUCCESSFUL AND THE FDA APPROVES THE CLOCK FOUNDATION'S TESTING METHOD, MANY NEW DRUGS OR TREATMENTS THAT ARE ABLE TO REVERSE EPIGENETIC AGING COULD THEN BE FORMALLY APPROVED BY THE FDA FOR THE TREATMENT OF AGING AND FOR USE IN PREVENTATIVE MEDICINE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EXTERNAL RESEARCH COLLABORATIONS: MANY INTERVENTIONAL STUDIES COMPLETED ONE OF THE MOST SIGNIFICANT PROMISES OF EPIGENETIC CLOCKS IS TO ACT AS A RELIABLE BIOMARKER TO EVALUATE PUTATIVE LONGEVITY TREATMENTS. WE CONDUCTED MANY NEW INTERVENTIONAL STUDIES, FOR CLINICAL TRIALS AND ALSO PRECLINICAL STUDIES, SOME WITH EXCITING EFFECTS AND OTHERS WITH MEDIOCRE OR NEGATIVE RESULTS. THIS INCLUDES STUDIES ON PLASMAPHARESIS, YOUNG PLASMA TREATMENT, STEM CELL EXOSOMES, UMBILICAL CORD PLASMA, AND A SENOLYTIC GENE THERAPY. MECHANISMS OF AGING STUDIES ONGOING ANOTHER KEY APPLICATION OF EPIGENETIC CLOCKS IS TO HELP ENABLE MECHANISTIC STUDIES, INCLUDING THE LINK OF EPIGENETIC AGING TO OTHER AGING HALLMARKS. EXCITING MECHANISTIC STUDIES THIS PAST YEAR INCLUDED ONES ON ERCC1 PROGERIA MODELS, BONE MARROW TRANSPLANTS, AND PROGERIA CELL LINES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CLOCK FOUNDATION WAS FORMED FOR THE SPECIFIC AND PRIMARY PURPOSE OF CONDUCTING MEDICAL RESEARCH ON AGING AND AGE-RELATED DISEASES. DEVELOPING THE EPIGENETIC AGING CLOCK INTO A USEFUL TECHNOLOGY WILL REQUIRE MEDICAL RESEARCH ON AGING AND AGE-RELATED DISEASES. CONSEQUENTLY, THE ACTIVITY WILL ADVANCE CLOCK FOUNDATION'S SPECIFIC PURPOSE OF CONDUCTING MEDICAL RESEARCH ON AGING AND AGE-RELATED DISEASES. IF THE MEDICAL RESEARCH OF THE CLOCK FOUNDATION IS SUCCESSFUL AND THE FDA APPROVES THE CLOCK FOUNDATION'S TESTING METHOD, MANY NEW DRUGS OR TREATMENTS THAT ARE ABLE TO REVERSE EPIGENETIC AGING COULD THEN BE FORMALLY APPROVED BY THE FDA FOR THE TREATMENT OF AGING AND FOR USE IN PREVENTATIVE MEDICINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INTERNAL RESEARCH PROGRAM: HIRING OF ADDITIONAL CLOCK FOUNDATION TEAM MEMBERS WE HIRED AN ADDITIONAL PHD BIOSTATISTICIAN, ALONG WITH ADDITIONAL PART-TIME OPERATIONAL, ADMINISTRATION, AND FINANCE STAFF. WE CONTINUED TO WORK CLOSELY WITH OUR SCIENTIFIC ADVISORY BOARD, ESPECIALLY ON THE DEVELOPMENT OF RIGOROUS APPROACHES FOR EPIGENETIC CLOCK TESTING. EXCLUSIVE UCLA IP LICENSE COMPLETED AN EXCLUSIVE LICENSE TO THE HORVATH IP PORTFOLIO WAS OBTAINED IN JUNE 2021. NO ADDITIONAL SUBLICENSES OR OUTLICENSING AGREEMENTS HAVE BEEN ENTERED INTO, ALTHOUGH WE ENTERED INTO SEVERAL RESEARCH COLLABORATION AGREEMENTS WITH GROUPS THIS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXTERNAL RESEARCH COLLABORATIONS: MANY INTERVENTIONAL STUDIES COMPLETED ONE OF THE MOST SIGNIFICANT PROMISES OF EPIGENETIC CLOCKS IS TO ACT AS A RELIABLE BIOMARKER TO EVALUATE PUTATIVE LONGEVITY TREATMENTS. WE CONDUCTED MANY NEW INTERVENTIONAL STUDIES, FOR CLINICAL TRIALS AND ALSO PRECLINICAL STUDIES, SOME WITH EXCITING EFFECTS AND OTHERS WITH MEDIOCRE OR NEGATIVE RESULTS. THIS INCLUDES STUDIES ON PLASMAPHARESIS, YOUNG PLASMA TREATMENT, STEM CELL EXOSOMES, UMBILICAL CORD PLASMA, AND A SENOLYTIC GENE THERAPY. MECHANISMS OF AGING STUDIES ONGOING ANOTHER KEY APPLICATION OF EPIGENETIC CLOCKS IS TO HELP ENABLE MECHANISTIC STUDIES, INCLUDING THE LINK OF EPIGENETIC AGING TO OTHER AGING HALLMARKS. EXCITING MECHANISTIC STUDIES THIS PAST YEAR INCLUDED ONES ON ERCC1 PROGERIA MODELS, BONE MARROW TRANSPLANTS, AND PROGERIA CELL LINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER PROGRAM SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIALS ARE PREPARED BY A BOOKKEEPER WITH INPUT FROM A CERTIFIED PUBLIC ACCOUNTANT. TAX ACCOUNTANTS PREPARE THE FILING. EXECUTIVE DIRECTOR REVIEWS AND RECEIVES INPUT FROM LEGAL COUNSEL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OFFICERS, DIRECTORS, EMPLOYEES AND VOLUNTEERS OF EPIGENETIC CLOCK DEVELOPMENT FOUNDATION ARE ENCOURAGED TO BRING ANY ALLEGED UNLAWFUL ACTIVITY, POLICY OR PRACTICE TO THE ATTENION OF EPIGENETIC CLOCK DEVELOPMENT FOUNDATION. A PROTEST, CONCERN OR COMPLAINT SHALL BE MADE IN WRITING TO THE PRESIDENT OF EPIGENETIC CLOCK DEVELOPMENT FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD MEMBERS AND DONOR ORGANIZATIONS ARE MADE AWARE OF AND ABLE TO REVIEW EXECUTIVE AND KEY EMPLOYEE COMPENSATION THROUGH INDEPENDENT REPORTS AND THROUGH APPROVAL OF ANNUAL BUDGETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOARD MEMBERS AND DONOR ORGANIZATIONS ARE MADE AWARE OF AND ABLE TO REVIEW EXECUTIVE AND KEY EMPLOYEE COMPENSATION THROUGH INDEPENDENT REPORTS AND THROUGH APPROVAL OF ANNUAL BUDGETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9INTL PROPERTY 142,706 0 0 ADVISORY FEE 93,604 0 0 ADVISORY FEE - VUGENE LLC 94,167 0 0 TOTAL 330,477 0 0
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