Civic Intelligence

Bivf Foundation Inc.

990EZ • Fiscal year 2023 • EIN 88-1147956

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

130 Second AvenueWaltham, MA 02451

(781) 434-6591

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.00x

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

2023 filings • NTEE T30 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.00x

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

2023 filings • NTEE T30 • <$500k nonprofits • Source year 2023

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2023 filings • NTEE T30 • <$500k nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2023 filings • NTEE T30 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Assets

$106,000

No earlier filing loaded for comparison.

Net Assets

$106,000

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$106,000

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$106,000

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2023: $106,000Liabilities 2023: $0Net Assets 2023: $106,0002023Assets 2024: $125,923Liabilities 2024: $0Net Assets 2024: $125,9232024Assets 2025: $128,619Liabilities 2025: $0Net Assets 2025: $128,6192025

Highlighted filing

2023

Assets$106,000
Liabilities$0
Net Assets$106,000

Operations Trend

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

$150K$100K$50K$0Revenue 2023: $106,000Expenses 2023: $0Net Income 2023: $106,0002023Revenue 2024: $29,700Expenses 2024: $9,777Net Income 2024: $19,9232024Revenue 2025: $5,696Expenses 2025: $3,000Net Income 2025: $2,6962025

Highlighted filing

2023

Revenue$106,000
Expenses$0
Net Income$106,000
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 30, 2024
Return Version
2023v5.1
Gross Receipts
$106,000
Mission and Program Overview

Mission

To provide grants to individuals whose family building needs (including but not limited to infertility treatment) are not covered by insurance.

Program Services

DescriptionGrantsExpenses
DUE TO DELAYS IN WEBSITE DEVELOPMENT, GRANT APPLICATIONS WERE RECEIVED IN LATE 2023, AND EARLY 2024. GRANTS FOR PATIENTS WILL BE AWARDED JUNE 2024$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID L STERNChair-$0--
MICHAEL ALPER MDMedical Advisor-$0--
ALAN PENZIAS MDMedical Advisor-$0--
KORI RICKETTSAdvisor-$0--
SERENE SROUJI MDMedical Advisor-$0--
JANENE OLEAGA ESQAdvisor-$0--
Filing and Contact Details

Filer

Filer Name
Bivf Foundation Inc
EIN
88-1147956
Phone
7814346591
Address
130 SECOND AVENUE, WALTHAM, MA 02451

Signing Officer

Name
David L Stern
Title
Chair
Phone
7814346591
Signed
2024-08-30
Discuss with paid preparer
Yes

Preparer

Firm
Eag New England LLC
Address
ONE WALL STREET 6TH F, BURLINGTON, MA 01803
Preparer
Shalini Dabas
Phone
6172276161
Supplemental Narrative

Additional Explanations

Statement of Explanation for Late Filing

Bivf foundation inc was formed in the year 2022 for the purpose to provide grants to individuals whose family building needs (including but not limited to infertility treatment) are not covered by insurance. In the first year there was no activity, and no grants were received. Due to delays in website development, grant applications were received in late 2023 and early 2024. During this period the prior cfo resigned . The taxpayer was not aware of the filing requirements and was under the impression that the grants need to be reported on the 2024 tax return. As soon as the taxpayer was made aware of the filing requirements they took the necessary steps to get it filed. We respectfully request that the failure to file penalties be abated based on the taxpayer's first time filing. The taxpayer will be diligently filing all its tax returns in a timely and efficient manner going forward.

Raw XML Appendix164 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/ExplanationTxt0BIVF FOUNDATION INC WAS FORMED IN THE YEAR 2022 FOR THE PURPOSE TO PROVIDE GRANTS TO INDIVIDUALS WHOSE FAMILY BUILDING NEEDS (INCLUDING BUT NOT LIMITED TO INFERTILITY TREATMENT) ARE NOT COVERED BY INSURANCE. IN THE FIRST YEAR THERE WAS NO ACTIVITY, AND NO GRANTS WERE RECEIVED. DUE TO DELAYS IN WEBSITE DEVELOPMENT, GRANT APPLICATIONS WERE RECEIVED IN LATE 2023 AND EARLY 2024. DURING THIS PERIOD THE PRIOR CFO RESIGNED . THE TAXPAYER WAS NOT AWARE OF THE FILING REQUIREMENTS AND WAS UNDER THE IMPRESSION THAT THE GRANTS NEED TO BE REPORTED ON THE 2024 TAX RETURN. AS SOON AS THE TAXPAYER WAS MADE AWARE OF THE FILING REQUIREMENTS THEY TOOK THE NECESSARY STEPS TO GET IT FILED. WE RESPECTFULLY REQUEST THAT THE FAILURE TO FILE PENALTIES BE ABATED BASED ON THE TAXPAYER'S FIRST TIME FILING. THE TAXPAYER WILL BE DILIGENTLY FILING ALL ITS TAX RETURNS IN A TIMELY AND EFFICIENT MANNER GOING FORWARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0STATEMENT OF EXPLANATION FOR LATE FILING
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/ReturnTs02024-09-03T12:42:11-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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