Civic Intelligence

Foundation for Innovative New Diagnostics Find

990 • Fiscal year 2020 • EIN 98-0407553

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Chemin des Mines 9Geneva 1202Sz

(000) 000-0000

Siviq Scores

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

Liabilities / Assets

86th percentile

0.88x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.96x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

60th percentile

7.2%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$475,080

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

97th percentile

111%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

73%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$107,298,970

Up $56,342,072 (+111%) from 2019

Net Assets

Up

$12,986,212

Up $7,087,738 (+120%) from 2019

Liabilities

Up

$94,312,758

Up $49,254,334 (+109%) from 2019

Revenue

Up

$98,212,578

Up $41,471,197 (+73%) from 2019

Expenses

Up

$91,124,840

Up $34,858,358 (+62%) from 2019

Net Income

Up

$7,087,738

Up $6,612,839 (+1392%) from 2019

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0-$50MAssets 2011: $16,950,203Liabilities 2011: $23,032,193Net Assets 2011: -$6,081,9902011Assets 2012: $11,796,991Liabilities 2012: $13,378,042Net Assets 2012: -$1,581,0512012Assets 2013: $24,537,583Liabilities 2013: $23,802,936Net Assets 2013: $734,6472013Assets 2014: $26,820,215Liabilities 2014: $25,795,290Net Assets 2014: $1,024,9252014Assets 2015: $23,663,296Liabilities 2015: $21,849,637Net Assets 2015: $1,813,6592015Assets 2016: $33,180,645Liabilities 2016: $29,671,259Net Assets 2016: $3,509,3862016Assets 2017: $46,019,985Liabilities 2017: $41,333,648Net Assets 2017: $4,686,3372017Assets 2018: $41,124,346Liabilities 2018: $35,700,774Net Assets 2018: $5,423,5722018Assets 2019: $50,956,898Liabilities 2019: $45,058,424Net Assets 2019: $5,898,4742019Assets 2020: $107,298,970Liabilities 2020: $94,312,758Net Assets 2020: $12,986,2122020Assets 2021: $189,507,117Liabilities 2021: $167,462,799Net Assets 2021: $22,044,3182021Assets 2022: $137,542,319Liabilities 2022: $115,874,802Net Assets 2022: $21,667,5172022Assets 2023: $81,417,302Liabilities 2023: $65,254,547Net Assets 2023: $16,162,7552023Assets 2024: $51,274,531Liabilities 2024: $42,634,091Net Assets 2024: $8,640,4402024

Highlighted filing

2020

Assets$107,298,970
Liabilities$94,312,758
Net Assets$12,986,212

Operations Trend

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

$200M$100M$0-$100MRevenue 2011: $29,541,869Expenses 2011: $32,170,199Net Income 2011: -$2,628,3302011Revenue 2012: $33,203,896Expenses 2012: $28,797,883Net Income 2012: $4,406,0132012Revenue 2013: $32,478,229Expenses 2013: $30,162,531Net Income 2013: $2,315,6982013Revenue 2014: $31,425,261Expenses 2014: $31,134,983Net Income 2014: $290,2782014Revenue 2015: $34,562,516Expenses 2015: $33,773,782Net Income 2015: $788,7342015Revenue 2016: $35,021,213Expenses 2016: $33,325,486Net Income 2016: $1,695,7272016Revenue 2017: $48,654,408Expenses 2017: $48,063,047Net Income 2017: $591,3612017Revenue 2018: $60,301,713Expenses 2018: $119,128,954Net Income 2018: -$58,827,2412018Revenue 2019: $56,741,381Expenses 2019: $56,266,482Net Income 2019: $474,8992019Revenue 2020: $98,212,578Expenses 2020: $91,124,840Net Income 2020: $7,087,7382020Revenue 2021: $110,032,140Expenses 2021: $95,593,710Net Income 2021: $14,438,4302021Revenue 2022: $144,248,069Expenses 2022: $146,186,498Net Income 2022: -$1,938,4292022Revenue 2023: $90,612,477Expenses 2023: $96,117,239Net Income 2023: -$5,504,7622023Revenue 2024: $49,306,331Expenses 2024: $56,828,646Net Income 2024: -$7,522,3152024

Highlighted filing

2020

Revenue$98,212,578
Expenses$91,124,840
Net Income$7,087,738
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$98,212,578
Mission and Program Overview

Mission

Find is an international non-profit organization that enables the development and delivery of much-needed diagnostic tests for poverty-related diseases. Find acts as a bridge between experts in technology development, policy and clinical care, reducing barriers to innovation and effective implementation of diagnostic solutions in low-and-middle-income countries.

The development and implementation of new, low cost diagnostics for infectious diseases for use in low- resource areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$40,869,754$89,676,764▲ $48,807,010
Prepaid Expenses and Deferred Charges$7,573,565$14,136,618▲ $6,563,053
Accounts Receivable$2,226,115$3,199,569▲ $973,454
Land, Buildings, and Equipment, Net$46,645$27,385▼ $19,260
Cash and Non-Interest-Bearing Accounts$2,054$846▼ $1,208
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$50,956,898$107,298,970▲ $56,342,072
Other Assets Total$238,765$257,788▲ $19,023
Liabilities
Deferred Revenue$37,499,211$81,954,412▲ $44,455,201
Accounts Payable and Accrued Expenses$7,559,213$12,358,346▲ $4,799,133
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$45,058,424$94,312,758▲ $49,254,334
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,433,218$7,724,169▲ $2,290,951
Net Assets With Donor Restrictions$465,256$5,262,043▲ $4,796,787
Total Net Assets Fund Balance$5,898,474$12,986,212▲ $7,087,738
Total Liabilities and Net Assets / Fund Balance$50,956,898$107,298,970▲ $56,342,072

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,385$47,396$74,781
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Catharina BoehmeChief Executive OfficerFT$352,251$122,829$475,080
Rangarajan SampathChief Scientific OfficerFT$303,820$101,061$404,881
Sergio CarmonaChief Access OfficerFT$253,946$66,886$320,832
Louisa ChaubertDirector of FinanceFT$228,846$71,823$300,669
Sharon SaacksDirector of OperationsFT$203,603$62,874$266,477
Morten RuhwaldHead of TuberculosisFT$196,701$54,459$251,160
Cassandra KellyDirector of Emerging ThreatFT$184,316$60,102$244,418
Anita SureshHead of SequencingFT$183,888$56,690$240,578
Stefano OngarelloHead of Data Srvc. & BiobankFT$185,803$50,870$236,673
Sylvain BielerSenior Project ManagerFT$196,499$32,460$228,959
Sabine DittrichHead of Malaria & FeverFT$177,649$46,451$224,100
Beatrice MoutonHead of Human ResourcesFT$177,664$43,557$221,221
Elena IvanovaTech. Innovation LeadFT$173,978$40,533$214,511
Sarah-jane LovedayHead of CommunicationsFT$164,879$48,079$212,958
Pamela NabetaSenior Manager Qual/med AffairFT$174,580$35,981$210,561
JOSEPH NDUNG'UHead Ntd Program & Find KenyaFT$158,722$45,062$203,784
Sonjelle ShiltonHepatitis LeadFT$164,746$34,615$199,361
Hiedi AlbertHead of South Africa FindFT$181,866$1,270$183,136
Jon BastowDirector of Business Dev. & ResourFT$83,490$3,727$87,217
Zachary Benjamin KatzChief Access OfficerFT$63,716$13,303$77,019

Board Members and Trustees

NameTitle
Mark KesselChairman of the Board
Andrew John Jackboard member
Carlos Morel Medicisboard member
Daniel Robert Camusboard member
David Heymannboard member
Gao Fuboard member
Iona Kickbushboard member
Kamineni Shobanaboard member
Marcel Tannerboard member
Michael Watsonboard member
Sheila Tlouboard member

Highest Paid Contractors

ContractorServicesLocationCompensation
QuantumdxProduct Dev. Support6354 CORTE DEL ABETO, Carlsbad, CA 92011, Uk$14,643,606
Diagnostic Consulting NetworkContract Assay Dev.7324 AUBURNWOOD LANE, Windermere, FL 34786, Sf$5,450,108
Cape Biologix Technologies Pty LdIncrease Prod. Cap.LUDWIGTRASSE 21, Munchen, 0, Gm$3,583,427
Transnational Technologies INCTest Optimization-$2,836,650
The Boston Consulting GroupStrategy Consulting-$2,188,000
Revenue and Support

Revenue Composition

Contributions and Grants
$97,561,319
Program Service Revenue
$0
Investment Income
$189,810
Other Revenue
$461,449
All Other Contributions
$32,431,411
Change in Net Assets
$7,087,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$47,562,253
Other Expenses$28,737,822
Salaries, Compensation, and Employee Benefits$14,824,765
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$42,446,330--$42,446,330
Other Salaries and Wages$7,716,386$1,473,067-$9,189,453
Grants to Domestic Orgs$5,115,923--$5,115,923
Current Officers, Directors, Trustees, and Key Employees$2,279,090$778,777-$3,057,867
Information Technology$731,208$391,755-$1,122,963
Office Expenses$1,052,916$48,007-$1,100,923
Pension Plan Contributions$828,435$239,344-$1,067,779
Payroll Taxes$835,834$187,898-$1,023,732
Occupancy$125,643$871,203-$996,846
Travel$663,928$83,386-$747,314
Other Expenses$98,356$516,005-$516,005
Other Employee Benefits$359,438$126,496-$485,934
Fees for Services Accounting$120,665$152,313-$272,978
Fees for Services Management$84,624$129,024-$213,648
Fees for Services Legal$45,670$124,387-$170,057
Conferences and Meetings$104,009$24,086-$128,095
Fees for Services Other$2,165$106,153-$108,318
Insurance$937$50,328-$51,265
Depreciation Depletion-$20,944-$20,944
Total Functional Expenses$84,756,952$6,367,888$0$91,124,840
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Diagnostic Consulting Network IncCarlsbad, CA501(c)(3)assessment of molecular ID assay$2,583,053
The Regents of the University of californiala jolla, CA--$283,592
Drugs & Diagnostics for Tropical Diseasessan diego, CA501(c)(3)None$279,900
Vitalant dba Vitalant Research InstituteSan Franscisco, CA--$260,658
Dimagi IncCambridge, MA501 C (3)Lab testing & system assistance$243,082
Scanwell Healthlos angeles, CA501(c)(3)-$240,268
CHAI -Clinton Health Access Initiation IncBoston, MA--$180,741
Llamasoft IncAnn Arbor, MI501 C (3)-$157,400
The Center for Affordable Healthbethesda, MD--$139,872
Rutgers The State University of New Jerseypiscataway, NJ501(c)(3)-$102,300
The Broad Institute Inccambridge, MA--$77,500
Exponentnatick, MA501 C (3)-$70,000
BroadReach Consulting LLCWashington, DC--$65,258
Johns Hopkins Universitybaltimore, MD501 C (3)-$57,899
Washington University in St LouisSt Louis, MO--$47,808
ZeptoMetrixBuffalo, NY--$39,067
Sachin SilvaCambridge, MA501(c)(3)-$37,720
Boston Children's HospitalBoston, MA--$32,578
Colorado State University USFort Collins, CO501 C (3)Consolidation of publications$31,530
Treatment Action Groupnew york, NY--$27,951
MRIGlobalKansas City, MO501 C (3)-$25,224
University of Washingtonseattle, WA--$21,706
Diabetes Technology Society (DTS)Burlingame, CA501 C (3)analysis of diagnostics$20,250
Mmuann arbor, MI501 C (3)-$16,228
Biomedical Research InstituteRockville, MD--$14,556
Boston UniversityBoston, MA--$12,450
Meso Scale Diagnostics LLCrockville, MD501 C (3)-$6,250
Serimmune Incgoleta, CA501(c)(3)-$6,000

International Summary

Offices
5
Employees
171
Spending
$79,731,486

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
Europe (Including Iceland and Greenland)Program ServicesSee Part V179$50,497,238
South AsiaProgram ServicesSee Part V186$10,651,718
Sub-Saharan AfricaProgram ServicesSee Part V23$9,969,762
East Asia and the PacificProgram ServicesSee Part V13$5,090,270
North AmericaProgram ServicesSee Part V00$1,660,279
South AmericaProgram ServicesSee Part V00$1,074,061
Russia and the Newly Independent StatesProgram ServicesSee Part V00$671,384
Middle East and North AfricaProgram ServicesSee Part V00$113,883
Central America and the CaribbeanProgram ServicesSee Part V00$2,891
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, LINE 11B:

Form 990 review process the form 990 is prepared by an independent accounting firm and reviewed by the director of finance. Once approved by the director of finance, the form 990 is also reviewed by the ceo. Additionally, in 2019 find participated in a benchmarking exercise with peer organization to ensure consistency of treatment of various items on form 990.

FORM 990, PART VI, LINE 12C:

FIND's conflict of interest policy requires directors, officers and key employees, all other staff members, board members consultants and partners to disclose actual or potential conflicts of interest when they arise. The person or company is also required to recuse themselves from any decision making.

FORM 990, PART VI, LINES 15A & 15B:

COMPENSATION REVIEW AND APPROVAL PROCESS A review by an independent consultant of the CEO's remuneration package was done by the Board and forms the basis of written employment contract. Remuneration terms for officers and key employees are based on market rates for similar positions in specific locations. This benchmarking is done against an independent report which presents data collected for similar organizations and this exercise is done every 3 years. Salaries for all staff are available to the Board and Compensation Committee. However, the salaries of the C-suite and other key staff are approved by the Compensation Committee.

FORM 990, PART VI, LINES 19:

AVAILABILITY OF GOVERNING DOCUMENTS TO THE PUBLIC FIND's governing documents (Statutes and By-Laws) Conflict of Interest policy and Financial Statements are available for inspection at FIND's offices in Geneva upon request.

FORM 990, PART VI, LINE 20:

Books in care of phone number The telephone number of the person who possesses the books and records is: +41 (22) 710 05 90.

Filing and Contact Details

Filer

Filer Name
Foundation for Innovative New Diagnostics
EIN
98-0407553
In Care Of
% LOUISA CHAUBERT DIR OF FINAN
Phone
0000000000
Address
SZ
Doing Business As
Find

Signing Officer

Name
Louisa Chaubert
Title
Director of Finance
Phone
0000000000
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louisa Chaubert
Formed
2003
Voting Board Members
11
Independent Board Members
11
Employees
142
Volunteers
4

Preparer

Firm
Ernst & Young US Llp
Address
99 WOOD AVENUE SOUTH, ISELIN, NJ 08830
Preparer
Michael R Sales
Phone
7325164200
Supplemental Narrative

Additional Explanations

FORM 990, BOX E:

The organization's telephone number is +41 (22) 710 05 90.

FORM 990, PART III, LINE 2:

NEW PROGRAM SERVICES In response to the Covid-19 pandemic, FIND has responded with a new program stream, Covid-19 and pandemic preparedness. The details of the program are described in Part III Line 4.

FORM 990, PART III, LINE 4D:

other program SERVICES program services for Access, Fever & Malaria, HCV & HIV, and Neglected Tropical Diseases. A summary of each program is given below. PROGRAM - Access: Expenses - $15,437,143 including grants $3,183,085 Program scope is broad with multiple focus areas that will ultimately enable access to testing. For India, 2020 included COVD-19 response work (testing, sequencing, reagent development). With traditional TB programs at risk, we worked to strengthen bi-directional screening. Despite COVID, TB lab work continued - Karnataka became India's first state where all three Intermediate Reference Laboratories achieved ISO accreditation. EQA methods were established in >1,100 sites, and quality TB care services extended to private sector patients (~190,000 patients notified >82% successful treatment outcomes reported in a 3-month period). We also continued to work on micro-elimination of HCV in prisons and had two community-based delivery model projects running in India. These projects (another is in Senegal) target TB and diabetes as a leading co-morbidity factor for TB patients, cater to rural communities and leverage existing networks, such as women-led community groups. Diagnostic network optimization (DNO) was carried out in Central African Republic, the Gambia, India, and Rwanda. DNO analysis that matches testing demand with testing capacity increases access, improves efficiency, and develops routing for specimen referral networks. This project was adapted to respond to COVID-19 testing demands. PROGRAM - Fever & Malaria: Expenses - $4,052,356 including grants of $2,098,277 The work for malaria targets tools to meet one of the few remaining diagnostic gaps in malaria, specifically robust tools to use in P. vivax malaria elimination. For fever, our primary focus is tools for differential diagnosis of patients who present with fever at the primary healthcare level where studies have confirmed ~90% of patients with a negative malaria test received antibiotics, fueling anti-microbial resistance. PROGRAM - HCV and HIV: Expenses - $6,442,490 including grants of $3,679,160 The work was for HCV only, and bulk of 2020 work was on 1) sampling methods that eliminate cold chain needs, critical for increasing access to testing at lower levels of the healthcare system; it also allows for integration into existing HIV DBS systems; and 2) evaluation of self-testing that includes using portable molecular diagnostics shown that this approach can help overcome apathy towards testing and mitigate barriers to clinic based testing. PROGRAM - NTDs: Expenses - $5,055,970 including grants of $2,955,599 FIND works on five different NTDs: Chagas disease, Buruli ulcer, sleeping sickness, visceral leishmaniasis and schistosomiasis. Work in each of these disease areas is shaped to address primary gaps in elimination strategies, for example for HAT, in 2020 we started shaping our ongoing R&D and large-scale country projects to be in line with changing elimination strategies and supply challenges (which is a common problem for tests for NTDs). Form 990, Part V, Line 2a and Part VII, Section A Individuals employed by the FIND are not U.S. Residents or U.S. employees. Information pertaining to the number of employees and employee compensation is provided using the best information available from equivalent W-2 and W-3 Forms for the various countries in which the FIND employs individuals.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$51.3$42.6$8.64$49.3$56.8$7.52
2023Detailed filing. Detailed filing data is available for this year.$81.4$65.3$16.2$90.6$96.1$5.50
2022Detailed filing. Detailed filing data is available for this year.$138$116$21.7$144$146$1.94
2021Detailed filing. Detailed filing data is available for this year.$190$167$22.0$110$95.6$14.4
2020Detailed filing. Detailed filing data is available for this year.$107$94.3$13.0$98.2$91.1$7.09
2019Summary only. Only limited summary data is available for this year.$51.0$45.1$5.90$56.7$56.3$0.47
2018Summary only. Only limited summary data is available for this year.$41.1$35.7$5.42$60.3$119$58.8
2017Summary only. Only limited summary data is available for this year.$46.0$41.3$4.69$48.7$48.1$0.59
2016Summary only. Only limited summary data is available for this year.$33.2$29.7$3.51$35.0$33.3$1.70
2015Summary only. Only limited summary data is available for this year.$23.7$21.8$1.81$34.6$33.8$0.79
2014Summary only. Only limited summary data is available for this year.$26.8$25.8$1.02$31.4$31.1$0.29
2013Summary only. Only limited summary data is available for this year.$24.5$23.8$0.73$32.5$30.2$2.32
2012Summary only. Only limited summary data is available for this year.$11.8$13.4$1.58$33.2$28.8$4.41
2011Summary only. Only limited summary data is available for this year.$17.0$23.0$6.08$29.5$32.2$2.63