Civic Intelligence

Vascular Cures

990 • Fiscal year 2015 • EIN 94-2825216

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

Organization ProfileWWW.VASCULARCURES.ORG
555 Price Avenue No 180Redwood City, CA 94063

(650) 368-6022

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

30th percentile

0.03x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

90th percentile

$210,758

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

84th percentile

25%

Faster asset growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

6.0%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$4,287,637

Up $858,304 (+25%) from 2014

Net Assets

Up

$4,232,771

Up $831,834 (+24%) from 2014

Liabilities

Up

$54,866

Up $26,470 (+93%) from 2014

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin92nd percentile

Revenue

Up

$1,615,215

Up $91,112 (+6.0%) from 2014

Expenses

Up

$785,876

Up $84,606 (+12%) from 2014

Net Income

Up

$829,339

Up $6,506 (+0.8%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,512,425Liabilities 2011: $15,773Net Assets 2011: $1,496,6522011Assets 2012: $1,183,664Liabilities 2012: $32,593Net Assets 2012: $1,151,0712012Assets 2013: $2,477,830Liabilities 2013: $36,524Net Assets 2013: $2,441,3062013Assets 2014: $3,429,333Liabilities 2014: $28,396Net Assets 2014: $3,400,9372014Assets 2015: $4,287,637Liabilities 2015: $54,866Net Assets 2015: $4,232,7712015Assets 2016: $3,664,390Liabilities 2016: $110,944Net Assets 2016: $3,553,4462016Assets 2017: $3,018,671Liabilities 2017: $24,381Net Assets 2017: $2,994,2902017Assets 2018: $2,764,483Liabilities 2018: $20,210Net Assets 2018: $2,744,2732018Assets 2019: $2,978,980Liabilities 2019: $16,307Net Assets 2019: $2,962,6732019Assets 2020: $3,437,896Liabilities 2020: $66,578Net Assets 2020: $3,371,3182020Assets 2021: $4,123,824Liabilities 2021: $563,236Net Assets 2021: $3,560,5882021Assets 2022: $3,787,443Liabilities 2022: $483,473Net Assets 2022: $3,303,9702022Assets 2023: $3,574,035Liabilities 2023: $321,309Net Assets 2023: $3,252,7262023Assets 2024: $4,309,404Liabilities 2024: $200,038Net Assets 2024: $4,109,3662024

Highlighted filing

2015

Assets$4,287,637
Liabilities$54,866
Net Assets$4,232,771
Open 2015 Filing

Operations Trend

Revenue Growth56th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,060,435Expenses 2011: $608,882Net Income 2011: $451,5532011Expenses 2012: $731,4622012Expenses 2013: $761,0692013Revenue 2014: $1,524,103Expenses 2014: $701,270Net Income 2014: $822,8332014Revenue 2015: $1,615,215Expenses 2015: $785,876Net Income 2015: $829,3392015Revenue 2016: $329,595Expenses 2016: $943,160Net Income 2016: -$613,5652016Revenue 2017: $299,513Expenses 2017: $1,056,506Net Income 2017: -$756,9932017Revenue 2018: $497,871Expenses 2018: $898,562Net Income 2018: -$400,6912018Revenue 2019: $1,071,805Expenses 2019: $767,918Net Income 2019: $303,8872019Revenue 2020: $1,228,444Expenses 2020: $743,410Net Income 2020: $485,0342020Revenue 2021: $516,547Expenses 2021: $806,491Net Income 2021: -$289,9442021Revenue 2022: $2,153,452Expenses 2022: $2,056,902Net Income 2022: $96,5502022Revenue 2023: $1,610,194Expenses 2023: $1,826,600Net Income 2023: -$216,4062023Revenue 2024: $1,853,089Expenses 2024: $1,111,076Net Income 2024: $742,0132024

Highlighted filing

2015

Revenue$1,615,215
Expenses$785,876
Net Income$829,339
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$1,873,420
Mission and Program Overview

Mission

Vascular cures is a leader in breakthrough innovations to improve the lives of patients with vascular disease. We are transforming the vascular care-to-cure continuum, driving novel collaborations in patient-centered research and healthcare. Vascular cures is enabling new ways to predict, treat and prevent vascular disease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$2,383,031$2,628,406▲ $245,375
Pledges and Grants Receivable$753,900$1,209,825▲ $455,925
Cash and Non-Interest-Bearing Accounts$162,629$324,143▲ $161,514
Savings and Temporary Cash Investments$118,374$113,084▼ $5,290
Prepaid Expenses and Deferred Charges$6,430$10,086▲ $3,656
Land, Buildings, and Equipment, Net$717$0▼ $717
Total Assets$3,429,333$4,287,637▲ $858,304
Other Assets Total$4,252$2,093▼ $2,159
Liabilities
Accounts Payable and Accrued Expenses$28,396$54,866▲ $26,470
Total Liabilities$28,396$54,866▲ $26,470
Net Assets / Fund Balance
Unrestricted Net Assets$866,172$1,811,344▲ $945,172
Permanently Rstr Net Assets$1,502,500$1,502,500→ $0
Temporarily Rstr Net Assets$1,032,265$918,927▼ $113,338
Total Net Assets Fund Balance$3,400,937$4,232,771▲ $831,834
Total Liabilities and Net Assets / Fund Balance$3,429,333$4,287,637▲ $858,304

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$28,113$28,113
Investment Program Related Org$1,446,762--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,534,765$67,750▲ $35,315-$2,421,427
2013$2,000,380$496,750▲ $187,635-$2,534,765
2012$1,065,312$1,264,752▼ $81,023-$2,000,380
2011$1,112,113$177,950▲ $19,557-$1,065,312
2010$966,106$429,595▲ $102,948-$1,112,113
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendy HitchcockCEO/directorFT$189,000$21,758$210,758

Board Members and Trustees

NameTitle
Allan MayDirector
David RaeDirector
Ed YuDirector
James BancroftDirector
Michael ConteDirector
Ron StoneyDirector
Russ CoxDirector
Russell BromleyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,523,937
Program Service Revenue
$0
Investment Income
$47,544
Other Revenue
$43,734
All Other Contributions
$1,448,807
Change in Net Assets
$829,339

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$9,503Cost
Total Noncash Contributions$9,503-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,615,215
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$154,900
Total Revenue per Audited Statements
$1,770,115
Total Revenue per Form 990
$1,615,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$320,726
Other Expenses$315,150
Grants and Similar Amounts Paid$150,000
Total Fundraising Expense$147,384
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$101,896$46,732$40,372$189,000
Grants to Domestic Orgs$150,000--$150,000
Fees for Services Other$51,510$900$51,005$103,415
Other Salaries and Wages$49,220$22,574$19,502$91,296
Occupancy$20,522$7,321$8,139$35,982
Fees for Services Accounting$1$29,751-$29,752
Other Employee Benefits$12,825$4,471$5,067$22,363
All Other Expenses$8,577$5,985$5,801$20,363
Payroll Taxes$9,912$4,217$3,938$18,067
Fees for Service Investment Mgmnt Fees-$14,541-$14,541
Other Expenses$16,500$30,325$9,503$9,503
Travel$32$6,123$345$6,500
Insurance$1,116$3,793$443$5,352
Advertising$1,256$155$1,972$3,383
Office Expenses$1,736$606$687$3,029
Information Technology$1,410$456$610$2,476
Depreciation Depletion-$717-$717
Total Functional Expenses$459,825$178,667$147,384$785,876

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$938,281
Expenses per Audited Statements$785,876
Total Expenses per Form 990$785,876
Expenses Not Reported on Form 990$152,405
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wake Forest School of MedicineWinstonsalem, NC501(c)(3)Research$150,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$103,273
Fundraising Direct Expenses$59,539
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Circulate$178,403$103,273$59,539$43,734
Total Events$178,403$103,273$59,539$43,734
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
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“Audit and finance committees are not required to keep formal minutes. They approve the audit and monitor investment management performance.”

Form 990, Part VI, Section B, Line 11

“The 990 is reviewed by the chief executive officer”

Form 990, Part VI, Section B, Line 15A

“Compensation of the key executive officer of vascular cures is vested in the board of directors. The board or committee shall obtain sufficient information, taking into consideration the knowledge and expertise of its members, to determine whether the full compensation package of the ceo is reasonable, i.e., that it represents no more than the fair market value for the services performed. In assessing the reasonableness of a ceo's compensation package, the board or committee shall take into account all elements of the package. There are no other officers or key employees that would require this review.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are made available to the public upon request as well as posted on various websites that can be accessed by the public.”

Filing and Contact Details

Filer

Filer Name
Vascular Cures
EIN
94-2825216
Phone
6503686022
Address
555 PRICE AVENUE NO 180, REDWOOD CITY, CA 94063

Signing Officer

Name
Wendy Hitchcock
Title
CEO
Phone
6503686022
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Hitchcock
Formed
1982
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
8
Employees
2
Volunteers
8

Preparer

Firm
Marcum Llp
Address
101 MONTGOMERY STREET 1900, SAN FRANCISCO, CA 94104
Preparer
Steven H Boultbee
Phone
4154326200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 51,510. Management and general expenses 900. Fundraising expenses 51,005. Total expenses 103,415.”

FORM 990, PART XI, LINE 9:

“Donated services -92,866.”

Financial Statement Notes

PART V, LINE 4:

“The organization expends funds from the endowment based on the following criteria: 1) the duration and preservation of the fund 2) the purpose of the organization and the donor-restricted endowment fund 3) general economic conditions 4) the possible effect of inflation and deflation 5) the expected total return from income and the appreciation of investments 6) other resources of the organizations 7) the investment policies of the organization”

PART X, LINE 2:

“Vc applies asc 740 regarding the accounting for uncertainty in income taxes. Under asc 740, vc utilizes a two-step approach to recognizing and measuring uncertain tax positions (tax contingencies). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. For the years ended june 30, 2014 and 2013, there were no additional liabilities recorded for unrecognized tax benefits related to tax positions taken in the current year. Vc considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately forecast actual outcomes. In accordance with asc 740, vc has elected to include interest and penalties related to its tax contingencies in income tax expense. There were no accruals for interest and penalties related to uncertain tax positions at the inception date or for the years ended june 30, 2014 and 2013.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Gala-event expenditures 59,539.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Gala - fundraising expenditures 59,539.”

Raw XML AppendixShowing 400 of 571 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/ActivityOrMissionDesc0VASCULAR CURES IS A LEADER IN BREAKTHROUGH INNOVATIONS TO IMPROVE THE LIVES OF PATIENTS WITH VASCULAR DISEASE. WE ARE TRANSFORMING THE VASCULAR CARE-TO-CURE CONTINUUM, DRIVING NOVEL COLLABORATIONS IN PATIENT-CENTERED RESEARCH AND HEALTHCARE. VASCULAR CURES IS ENABLING NEW WAYS TO PREDICT, TREAT AND PREVENT VASCULAR DISEASE.
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IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0610
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0456
IRS990/InformationTechnologyGrp/ProgramServicesAmt01410
IRS990/InformationTechnologyGrp/TotalAmt02476
IRS990/InsuranceGrp/FundraisingAmt0443
IRS990/InsuranceGrp/ManagementAndGeneralAmt03793
IRS990/InsuranceGrp/ProgramServicesAmt01116
IRS990/InsuranceGrp/TotalAmt05352
IRS990/InvestmentIncomeGrp/ExclusionAmt052805
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt052805
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt02628406
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IRS990/LandBldgEquipCostOrOtherBssAmt028113
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0198666
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0VASCULAR CURES IS A LEADER IN BREAKTHROUGH INNOVATIONS TO IMPROVE THE LIVES OF PATIENTS WITH VASCULAR DISEASE. WE ARE TRANSFORMING THE VASCULAR CARE-TO-CURE CONTINUUM, DRIVING NOVEL COLLABORATIONS IN PATIENT-CENTERED RESEARCH AND HEALTHCARE. VASCULAR CURES IS ENABLING NEW WAYS TO PREDICT, TREAT AND PREVENT VASCULAR DISEASE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03400937
IRS990/NetAssetsOrFundBalancesEOYAmt04232771
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-5261
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5261
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt043734
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt043734
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02495
IRS990/NoncashContributionsAmt09503
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt08139
IRS990/OccupancyGrp/ManagementAndGeneralAmt07321
IRS990/OccupancyGrp/ProgramServicesAmt020522
IRS990/OccupancyGrp/TotalAmt035982
IRS990/OfficeExpensesGrp/FundraisingAmt0687
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0606
IRS990/OfficeExpensesGrp/ProgramServicesAmt01736
IRS990/OfficeExpensesGrp/TotalAmt03029
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04252
IRS990/OtherAssetsTotalGrp/EOYAmt02093
IRS990/OtherChangesInNetAssetsAmt0-92866
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05067
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04471
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012825
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022363
IRS990/OtherExpensesGrp/Desc0RESEARCH SUPPORT
IRS990/OtherExpensesGrp/Desc1RECEIVABLE PRESENT VALU
IRS990/OtherExpensesGrp/Desc2RESEARCH DATABASE
IRS990/OtherExpensesGrp/Desc3IN-KIND GOODS
IRS990/OtherExpensesGrp/FundraisingAmt09503
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030325
IRS990/OtherExpensesGrp/ProgramServicesAmt033312
IRS990/OtherExpensesGrp/ProgramServicesAmt116500
IRS990/OtherExpensesGrp/TotalAmt033312
IRS990/OtherExpensesGrp/TotalAmt130325
IRS990/OtherExpensesGrp/TotalAmt216500
IRS990/OtherExpensesGrp/TotalAmt39503
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt019502
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022574
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049220
IRS990/OtherSalariesAndWagesGrp/TotalAmt091296
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03938
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04217
IRS990/PayrollTaxesGrp/ProgramServicesAmt09912
IRS990/PayrollTaxesGrp/TotalAmt018067
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01502500
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01502500
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0753900
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01209825
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06430
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010086
IRS990/PrincipalOfficerNm0WENDY HITCHCOCK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE VASCULAR CURES RESEARCH NETWORK IS THE FIRST NATIONAL COLLABORATIVE INITIATIVE TO BRING PERSONALIZED MEDICINE TO VASCULAR DISEASE BY CREATING THE WORLD'S FIRST VASCULAR BIOBANK AND CLINICAL DATABASE. THIS IS THE CRUCIAL RESOURCE NEEDED TO DEVELOP NEW TREATMENTS TARGETED TO AN INDIVIDUAL'S BIOLOGY AND GENETICS. THE VASCULAR CURES RESEARCH NETWORK BUILDS ON COLLABORATION NOT COMPETITION TO ACCELERATE RESULTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0150000
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION AND COMMUNITY AWARENESS PROGRAMS ARE PURSUED THROUGHOUT THE YEAR, TO BROADEN THE AWARENESS OF THE RISKS, CONSEQUENCES AND NEW TREATMENTS FOR VASCULAR DISEASE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt096113
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE BINKLEY VISITING PROFESSOR PROGRAM HONORS ONE PERSON PER YEAR FOR THEIR LEADERSHIP IN THE FIELD OF VASCULAR SURGERY, AT THE ANNUAL UCSF VASCULAR SYMPOSIUM. A DINNER IS HELD TO PRESENT THE AWARD.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1IN LATE 2014 WE LAUNCHED THE VASCULAR CARE TO CURE CONTINUUM (VC3) TO CREATE COLLABORATIVE PROJECTS BETWEEN STAKEHOLDERS IN VASCULAR HEALTHCARE. THE FIRST PROGRAM WILL BE PROJECT VOICE. VOICE WILL USE DIGITAL TOOLS TO BRING PATIENTS INTO THE HEALTHCARE CONVERSATION, MANAGE THEIR OWN HEALTH AND SHARE IN DECISION-MAKING. THE ULTIMATE GOAL OF INCREASING PATIENT ENGAGEMENT IS TO IMPROVE OUTCOMES AND LOWER HEALTHCARE COSTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt032
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt161349
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01432386
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0150000
IRS990/PYInvestmentIncomeAmt038036
IRS990/PYOtherExpensesAmt0259363
IRS990/PYOtherRevenueAmt053681
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0822833
IRS990/PYSalariesCompEmpBnftPaidAmt0291907
IRS990/PYTotalExpensesAmt0701270
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01524103
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0829339
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0118374
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0113084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01523937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01432386
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02160382
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0407785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01077261
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06601751
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt052805
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037813
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020603
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018417
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0149661
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51990
IRS990ScheduleA/PublicSupportPY170Pct00.44990
IRS990ScheduleA/PublicSupportTotal170Amt03510207
IRS990ScheduleA/SubstantialContributorsTotAmt03091544
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01523937
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01432386
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02160382
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0407785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01077261
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06601751
IRS990ScheduleA/TotalSupportAmt06751412
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/CYEndwmtFundGrp/AdministrativeExpensesAmt0216403
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02534765
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt067750
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02421427
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt035315
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0150000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02000380
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0496750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02534765
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0187635
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0248661
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01065312
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01264752
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02000380
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-81023
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0244308
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01112113
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0177950
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01065312
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019557
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0386536
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0966106
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0429595
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01112113
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0102948
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt092866
IRS990ScheduleD/DonatedServicesUseFcltsAmt092866
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028113
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028113
IRS990ScheduleD/ExpensesNotReportedAmt0152405
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0785876
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0673970
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1507674
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21446762
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0MONEY MARKET MUTUAL FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1BOND MUTUAL FUNDS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2EQUITY MUTUAL FUNDS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02495
IRS990ScheduleD/OtherExpensesIncludedAmt059539
IRS990ScheduleD/OtherRevenueAmt059539
IRS990ScheduleD/RevenueNotReportedAmt0154900
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01615215
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EXPENDS FUNDS FROM THE ENDOWMENT BASED ON THE FOLLOWING CRITERIA: 1) THE DURATION AND PRESERVATION OF THE FUND 2) THE PURPOSE OF THE ORGANIZATION AND THE DONOR-RESTRICTED ENDOWMENT FUND 3) GENERAL ECONOMIC CONDITIONS 4) THE POSSIBLE EFFECT OF INFLATION AND DEFLATION 5) THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS 6) OTHER RESOURCES OF THE ORGANIZATIONS 7) THE INVESTMENT POLICIES OF THE ORGANIZATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1VC APPLIES ASC 740 REGARDING THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER ASC 740, VC UTILIZES A TWO-STEP APPROACH TO RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS (TAX CONTINGENCIES). THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED ON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. FOR THE YEARS ENDED JUNE 30, 2014 AND 2013, THERE WERE NO ADDITIONAL LIABILITIES RECORDED FOR UNRECOGNIZED TAX BENEFITS RELATED TO TAX POSITIONS TAKEN IN THE CURRENT YEAR. VC CONSIDERS MANY FACTORS WHEN EVALUATING AND ESTIMATING ITS TAX POSITIONS AND TAX BENEFITS, WHICH MAY REQUIRE PERIODIC ADJUSTMENTS AND WHICH MAY NOT ACCURATELY FORECAST ACTUAL OUTCOMES. IN ACCORDANCE WITH ASC 740, VC HAS ELECTED TO INCLUDE INTEREST AND PENALTIES RELATED TO ITS TAX CONTINGENCIES IN INCOME TAX EXPENSE. THERE WERE NO ACCRUALS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AT THE INCEPTION DATE OR FOR THE YEARS ENDED JUNE 30, 2014 AND 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GALA-EVENT EXPENDITURES 59,539.

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,287,637
Liabilities
$54,866
Net assets
$4,232,771
Revenue
$1,615,215
Expenses
$785,876
Net income
$829,339
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.31$0.20$4.11$1.85$1.11$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$0.32$3.25$1.61$1.83$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.79$0.48$3.30$2.15$2.06$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$0.56$3.56$0.52$0.81$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$0.07$3.37$1.23$0.74$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.02$2.96$1.07$0.77$0.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$0.02$2.74$0.50$0.90$0.40
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.02$2.99$0.30$1.06$0.76
2016Detailed filing. Detailed filing data is available for this year.$3.66$0.11$3.55$0.33$0.94$0.61
2015Detailed filing. Detailed filing data is available for this year.$4.29$0.05$4.23$1.62$0.79$0.83
2014Detailed filing. Detailed filing data is available for this year.$3.43$0.03$3.40$1.52$0.70$0.82
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.04$2.44$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.03$1.15$0.73
2011Summary only. Only limited summary data is available for this year.$1.51$0.02$1.50$1.06$0.61$0.45