Civic Intelligence

Chord Foundation

990 • Fiscal year 2023 • EIN 86-2299450

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 30, 2024

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

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

92nd percentile

79%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

148%

Faster revenue growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$887,948

Up $392,136 (+79%) from 2022

Net Assets

Up

$887,948

Up $392,136 (+79%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin89th percentile

Revenue

Up

$842,917

Up $502,691 (+148%) from 2022

Expenses

Up

$450,781

Up $395,006 (+708%) from 2022

Net Income

Up

$392,136

Up $107,685 (+38%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2023

Assets$887,948
Liabilities$0
Net Assets$887,948
Open 2023 Filing

Operations Trend

Revenue Growth93rd 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

2023

Revenue$842,917
Expenses$450,781
Net Income$392,136
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 30, 2024
Return Version
2023v5.0
Gross Receipts
$842,917
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
Savings and Temporary Cash Investments$105,823$471,853▲ $366,030
Cash and Non-Interest-Bearing Accounts$389,552$413,879▲ $24,327
Total Assets$495,812$887,948▲ $392,136
Other Assets Total$437$2,216▲ $1,779
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$495,812$887,948▲ $392,136
Total Net Assets Fund Balance$495,812$887,948▲ $392,136
Total Liabilities and Net Assets / Fund Balance$495,812$887,948▲ $392,136
Compensation and Service Providers
Top Officer Pay54th 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
$824,830
Program Service Revenue
$0
Investment Income
$18,087
Other Revenue
$0
All Other Contributions
$824,830
Change in Net Assets
$392,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$319,150
Other Expenses$131,631
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$319,150--$319,150
Fees for Services Other$100,409--$100,409
Travel$18,477--$18,477
Conferences and Meetings$3,538--$3,538
Fees for Services Accounting-$1,750-$1,750
Fees for Services Legal-$654-$654
Other Expenses$5,000$268-$268
All Other Expenses-$105-$105
Total Functional Expenses$446,574$4,207$0$450,781
International Activity

International Summary

Spending
$319,149

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
EuropeProgram ActivitiesResearch--$319,149
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
2024-10-30
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.”

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

“Foundation was successfully able to raise grants to accomplish its objectives and is implementing its program services.”

Form 990, Part IX, Line 11G

“Cost of labor 100,409 0 0”

Raw XML Appendix335 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS WILL REVIEW FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS PER CONFLICTS POLICY SIGNED BY ALL THE DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COST OF LABOR 100,409 0 0
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0887948
IRS990/TravelGrp/ProgramServicesAmt018477
IRS990/TravelGrp/TotalAmt018477
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01991 MARCUS AVENUE SUITE 300
IRS990/USAddress/CityNm0NEW HYDE PARK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011042
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTPS://WWW.CHORDOUTCOMES.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMIT GARG MD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum05163218543
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHORD FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHOR
ReturnHeader/Filer/EIN0862299450
ReturnHeader/Filer/PhoneNum05163218543
ReturnHeader/Filer/USAddress/AddressLine1Txt01991 MARCUS AVENUE SUITE 300
ReturnHeader/Filer/USAddress/CityNm0NEW HYDE PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011042
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843434090
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHEKHAR BASNET CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03920 GREENPOINT AVE STE 2O
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LONG ISLAND CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011104
ReturnHeader/PreparerPersonGrp/PhoneNum07182079546
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHEKHAR BASNET CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-04T09:26:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$887,948
Liabilities
$0
Net assets
$887,948
Revenue
$842,917
Expenses
$450,781
Net income
$392,136
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