Civic Intelligence

Chord Foundation

990 • Fiscal year 2022 • EIN 86-2299450

Jan 01, 2022 to Dec 31, 2022 • Filed on May 08, 2023

Organization ProfileWWW.CHORDOUTCOMES.ORG
1991 Marcus Avenue Suite 300New Hyde Park, NY 11042

(516) 321-8543

Siviq Scores

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

Liabilities / Assets

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE H • <$500k nonprofits • Source year 2022

Liabilities / Revenue

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE H • <$500k nonprofits • Source year 2022

Net Margin

92nd percentile

84%

Higher net margin than 92% of similar nonprofits.

2022 filings • NTEE H • <$500k nonprofits • Source year 2022

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

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

2022 filings • NTEE H • <$500k nonprofits • Source year 2022

Asset Growth

94th percentile

135%

Faster asset growth than 94% of similar nonprofits.

2022 filings • NTEE H • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

39%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • NTEE H • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$495,812

Up $284,451 (+135%) from 2021

Net Assets

Up

$495,812

Up $284,451 (+135%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin92nd percentile

Revenue

Up

$340,226

Up $96,226 (+39%) from 2021

Expenses

Up

$55,775

Up $23,136 (+71%) from 2021

Net Income

Up

$284,451

Up $73,090 (+35%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$1.0M$500K$0Assets 2021: $211,361Liabilities 2021: $0Net Assets 2021: $211,3612021Assets 2022: $495,812Liabilities 2022: $0Net Assets 2022: $495,8122022Assets 2023: $887,948Liabilities 2023: $0Net Assets 2023: $887,9482023Assets 2024: $973,516Liabilities 2024: $591Net Assets 2024: $972,9252024

Highlighted filing

2022

Assets$495,812
Liabilities$0
Net Assets$495,812
Open 2022 Filing

Operations Trend

Revenue Growth71st percentile

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

$1.0M$500K$0Revenue 2021: $244,000Expenses 2021: $32,639Net Income 2021: $211,3612021Revenue 2022: $340,226Expenses 2022: $55,775Net Income 2022: $284,4512022Revenue 2023: $842,917Expenses 2023: $450,781Net Income 2023: $392,1362023Revenue 2024: $189,829Expenses 2024: $104,852Net Income 2024: $84,9772024

Highlighted filing

2022

Revenue$340,226
Expenses$55,775
Net Income$284,451
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 8, 2023
Return Version
2022v5.0
Gross Receipts
$340,226
Mission and Program Overview

Mission

The objective of the consortium for harmonizing outcomes research in dermatology (chord) is to perform research that will result in accurate and standardized measurement of various aspects of disease in clinical trails and in routine practice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$211,361$389,552▲ $178,191
Savings and Temporary Cash Investments-$105,823-
Total Assets$211,361$495,812▲ $284,451
Other Assets Total-$437-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$211,361$495,812▲ $284,451
Total Net Assets Fund Balance$211,361$495,812▲ $284,451
Total Liabilities and Net Assets / Fund Balance$211,361$495,812▲ $284,451
Compensation and Service Providers
Top Officer Pay88th percentile

Board Members and Trustees

NameTitle
Amit Garg MdChairperson
Gregor JemecPresident
Bente VillumsenDirector
Linnea ThorlaciusDirector
John IngramSecretary
Joslyn KirbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$339,035
Program Service Revenue
$0
Investment Income
$1,191
Other Revenue
$0
All Other Contributions
$339,035
Change in Net Assets
$284,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,775
Total Fundraising Expense$16,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising--$7,560$7,560
Conferences and Meetings--$4,155$4,155
Fees for Services Accounting-$1,150-$1,150
Fees for Services Legal-$586-$586
Other Expenses-$75$4,600$75
All Other Expenses-$26-$26
Total Functional Expenses$0$39,460$16,315$55,775
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
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
No
Other officer compensation reviewed
No
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

“Directors will review form 990”

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

“As per conflicts policy signed by all the directors”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Chord Foundation
EIN
86-2299450
Phone
5163218543
Address
1991 MARCUS AVENUE SUITE 300, NEW HYDE PARK, NY 11042

Signing Officer

Name
Amit Garg Md
Title
Chairperson
Phone
5163218543
Signed
2023-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amit Garg Md
Formed
2021
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
6

Preparer

Firm
Shekhar Basnet CPA Pc
Address
3920 GREENPOINT AVE STE 2O, LONG ISLAND CITY, NY 11104
Preparer
Shekhar Basnet CPA
Phone
7182079546
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The objective of the consortium for harmonizing outcomes research in dermatology (chord) is to perform research that will result in accurate and standardized measurement of various aspects of disease in clinical trails and in routine practice.”

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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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ReturnHeader/TaxPeriodBeginDt02022-01-01
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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
$495,812
Liabilities
$0
Net assets
$495,812
Revenue
$340,226
Expenses
$55,775
Net income
$284,451
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.74$0.01$9.73$1.90$1.05$0.85
2023Detailed filing. Detailed filing data is available for this year.$8.88$0.00$8.88$8.43$4.51$3.92
2022Detailed filing. Detailed filing data is available for this year.$4.96$0.00$4.96$3.40$0.56$2.84
2021Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$2.44$0.33$2.11