2024-10-23T11:11:02-05:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2023-01-01 453588477 ELIFE SCIENCES PUBLICATIONS LTD ELIF 1223855340 95 REGENT STREET CAMBRIDGE UK CB2 1AW DAMIAN PATTINSON EXECUTIVE DIRECTOR 1223855340 2024-10-23 1 0 ERIN COUTURE P01390592 6177237900 2023 2024-10-15 13:58:12Z X DAMIAN PATTINSON 95 REGENT STREET CAMBRIDGE UK CB2 1AW 8805629 0 X WWW.ELIFESCIENCES.ORG X 2011 DE TO HELP SCIENTISTS ACCELERATE DISCOVERY BY OPERATING A PLATFORM FOR RESEARCH (CONTINUED IN SCH O) 5 5 1 3 0 0 2318499 3648851 5271025 4997454 627975 159324 0 0 8217499 8805629 226686 147403 0 0 3717418 4132219 0 0 0 4205430 4320036 8149534 8599658 67965 205971 5011737 6545784 4040813 5350873 970924 1194911 X ELIFE IS A NON-PROFIT ORGANISATION INSPIRED BY RESEARCH FUNDERS AND LED BY SCIENTISTS. OUR MISSION IS TO HELP SCIENTISTS ACCELERATE DISCOVERY BY OPERATING A PLATFORM FOR RESEARCH COMMUNICATION THAT ENCOURAGES AND RECOGNISES THE MOST RESPONSIBLE BEHAVIOURS IN SCIENCE. 0 0 7550000 147403 4997454 SEE SCHEDULE O 7550000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 86 0 1 1 1 0 1 UK 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA DE X X PAUL KELLY 1223855340 95 REGENT STREET CAMBRIDGE CAMBRIDGE UNITED UK CB2 1AW PRACHEE AVASTHI DIRECTOR (THRU 03/23) 2.00 0.00 X 2247 0 0 JOANNE HACKETT DIRECTOR & CHAIR (BEG 01/23) 2.00 0.00 X 8293 0 0 ULMAN LINDENBERGER DIRECTOR (THRU 12/23) 2.00 0.00 X 0 0 0 JANE MCKEATING DIRECTOR (BEG 01/23) 2.00 0.00 X 4975 0 0 DANIEL O'CONNOR DIRECTOR 2.00 0.00 X 0 0 0 ERIN O'SHEA DIRECTOR 2.00 0.00 X 0 0 0 FEDE PELISCH DIRECTOR (BEG 1/23 - THRU 10/23) 2.00 0.00 X 4146 0 0 FREDDIE QUEK DIRECTOR (BEG 01/23) 2.00 0.00 X 4975 0 0 DAMIAN PATTINSON EXEC DIR,SEC,TREAS 37.50 0.00 X 192774 0 27123 MICHAEL EISEN EDITOR IN CHIEF (THRU 10/2023) 15.00 0.00 X 121092 0 0 TIMOTHY BEHRENS EDITOR IN CHIEF (BEG 11/23) 8.00 0.00 X 18333 0 0 DETLEG WEIGEL EDITOR IN CHIEF (BEG 11/23) 8.00 0.00 X 18333 0 0 PAUL SHANNON HEAD OF TECHNOLOGY 37.50 0.00 X 133456 0 14909 FIONA HUTTON HEAD OF PUBLISHING 37.50 0.00 X 122834 0 24349 PETER RODGERS FEATURES EDITOR 37.50 0.00 X 104127 0 20641 735585 0 87022 5 0 1 0 ASPIRATION COKO FOUNDATION PO BOX 880264 SAN FRANCISCO CA 94188 SOFTWARE DEVELOPMENT 355210 ENDAVA (UK) LTD 125 OLD BROAD ST LONDON ECN AR UK SOFTWARE DEVELOPMENT 284030 EXETER PREMEDIA SERVICES PRIVATE LTD SPACES 10TH FL CITIUS A BI CHENNAI IN 600032 EDITORIAL SERVICES 245173 JOHN WILEY & SONS INC 5508 GREENTREE ROAD BETHESDA MD 20817 EDITORIAL SERVICES 218380 EDITORIAL OFFICE LTD 21 LION CLOSE OVERTON BASINGSTOKE UK RG25 3HL EDITORIAL SERVICES 178001 9 3648851 3648851 PUBLICATION FEES 519130 4997454 4997454 4997454 159143 159143 181 0 181 181 181 8805629 4997454 0 159324 4927 4927 142476 142476 362222 237159 125063 3024149 2900745 123404 363215 343455 19760 662 662 381971 356648 25323 17845 17845 123740 123740 156626 49507 107119 191947 191947 165786 165786 177173 165129 12044 88911 82867 6044 50779 47327 3452 63715 8520 55195 EDITORIAL COSTS 1818205 1818205 WEBSITE & DEVELOPMENT 1066154 1066154 FOREIGN EXCHANGE LOSS 259825 259825 TAXATION 58677 58677 80653 75595 5058 8599658 7550000 1049658 0 4215420 5918793 195197 172151 136295 153060 502597 487251 52062 15346 0 0 0 0 412763 286434 5011737 6545784 840067 758085 3200746 4591109 0 1679 4040813 5350873 X 970924 1194911 970924 1194911 5011737 6545784 X 205971 18016 X 0 1 X 1 0 X 4255933 2623106 4502357 2318499 3648850 17348745 3410585 4539094 4835425 5271025 4997454 23053583 7666518 7162200 9337782 7589524 8646304 40402328 2612572 1794316 2879434 1998307 1380865 10665494 28261 29585 57846 2612572 1794316 2907695 2027892 1380865 10723340 29678988 572 2208 29251 159143 191174 572 2208 29251 159143 191174 23316 25653 48969 7690406 7190061 9337782 7618775 8805447 40642471 0.73020 0.68720 0.00470 0.00080 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: REALIZED CURRENCY GAIN - 2019 AMOUNT: $ 23,316. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. FOREIGN EXCHANGE GAIN - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 25,653. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 243597 243597 0 259000 243654 15346 0 15346 RENT DEPOSIT 1679 1679 X 8805448 0 8805448 181 181 8805629 8581642 0 8581642 18016 18016 8599658 PART X, LINE 2: THE COMPANY ADOPTED CERTAIN PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES", FOR THE CRITERION THAT AN INDIVIDUAL TAX POSITION HAS TO MEET FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNISED IN THE COMPANY'S FINANCIAL STATEMENTS. ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINS OPEN ARE SUBJECT TO EVALUATION. ONLY TAX POSITIONS THAT MEET THE MOST-LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EVALUATION DATE WILL BE RECOGNISED OR CONTINUE TO BE RECOGNISED. DEVELOPING THE PROVISION FOR INCOME TAXES, INCLUDING THE EFFECTIVE TAX RATE, AND ANALYSIS OF POTENTIAL TAX EXPOSURE ITEMS, IF ANY, REQUIRES SIGNIFICANT JUDGEMENT AND EXPERTISE IN FEDERAL AND STATE INCOME TAX LAWS, REGULATIONS AND STRATEGIES, INCLUDING THE DETERMINATION OF DEFERRED TAX ASSETS AND LIABILITIES AND ANY ESTIMATED VALUATION ALLOWANCES MANAGEMENT DEEMS NECESSARY TO VALUE DEFERRED TAX ASSETS. THE JUDGEMENTS AND TAX STRATEGIES ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. WHILE MANAGEMENT BELIEVES THEY HAVE PROVIDED ADEQUATELY FOR THE INCOME TAXES IN THE FINANCIAL STATEMENTS, ADVERSE DETERMINATION BY THESE TAXING AUTHORITIES COULD HAVE A MATERIAL ADVERSE EFFECT ON THE FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS. AS OF THE DATE OF THE MOST REVENT BALANCE SHEET, THE COMPANY IS SUBJECT TO EXAMINATION IN THE UNITED STATES OF AMERICA AND UNITED KINGDOM FOR YEARS BEFORE 2023. THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES IN THE UNITED STATES UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE OF 1986. THE COMPANY BELIEVES THAT IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSET 181. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED GAIN FROM MOVEMENT IN FX RATE 237,459. FOREIGN CURRENCY TRANSLATION ADJUSTMENT -219,443. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 50 PROGRAM SERVICES ONLINE JOURNAL 7402596 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES MANAGEMENT AND GENERAL 1049839 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SUPPORT FOR UNDERREPRESENTED SCIENTISTS 24892 SOUTH ASIA 0 0 PROGRAM SERVICES SUPPORT FOR UNDERREPRESENTED SCIENTISTS 14175 SOUTH AMERICA 0 0 PROGRAM SERVICES SUPPORT FOR UNDERREPRESENTED SCIENTISTS 3500 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SUPPORT FOR UNDERREPRESENTED SCIENTISTS 2680 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SUPPORT FOR UNDERREPRESENTED SCIENTISTS 2500 NORTH AMERICA 0 0 PROGRAM SERVICES SUPPORT FOR UNDERREPRESENTED SCIENTISTS 2200 1 50 0 0 1 50 8502382 0 8502382 SUPPORT FOR THE DEVELOPMENT OF INFRASTRUCTURE AND PLATFORM FOR CURATION OF PREPRINTS EUROPE (INCLUDING ICELAND & GREENLAND) 1 91529 0 SUPPORT FOR UNDERREPRESENTED SCIENTISTS SUB-SAHARAN AFRICA 5 24892 0 SUPPORT FOR UNDERREPRESENTED SCIENTISTS SOUTH ASIA 4 14175 0 SUPPORT FOR UNDERREPRESENTED SCIENTISTS SOUTH AMERICA 1 3500 SUPPORT FOR UNDERREPRESENTED SCIENTISTS EAST ASIA AND THE PACIFIC 1 2680 0 SUPPORT FOR UNDERREPRESENTED SCIENTISTS EUROPE (INCLUDING ICELAND & GREENLAND) 1 2500 0 SUPPORT FOR UNDERREPRESENTED SCIENTISTS NORTH AMERICA 1 2200 0 SUPPORT FOR UNDERREPRESENTED SCIENTISTS EUROPE (INCLUDING ICELAND & GREENLAND) 1 1000 0 0 0 0 0 0 0 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS OUTSIDE THE UNITED STATES:ELIFE REQUIRES POTENTIAL GRANT RECIPIENTS TO SUBMIT FORMAL APPLICATIONS WHICH ARE REVISED BY ELIFE FOR CONSISTENCY WITH THE ORGANIZATIONS JUDGING PROCESS AND CRITERIA. FURTHERMORE, UPON ACCEPTANCE OF THE GRANT ELIFE REQUIRES A WRITTEN REPORT FROM THE GRANTEE PROVIDING DETAIL ABOUT HOW FUNDS WERE USED TO ACCOMPLISH THE GRANT OBJECTIVES. REPORTS ARE REVIEWED BY ELIFE FOR COMPLIANCE WITH CONDITIONS. 1 SUPPORT FOR UNDERREPRESENTED SCIENTISTS 1 4927 SCHEDULE I, PART III, LINE 1: PROCEDURES FOR MONITORING USE OF GRANT FUNDS OUTSIDE THE UNITED STATES ELIFE REQUIRES POTENTIAL GRANT RECIPIENTS TO SUBMIT FORMAL APPLICATIONS WHICH ARE REVISED BY ELIFE FOR CONSISTENCY WITH THE ORGANIZATION'S JUDGING PROCESS AND CRITERIA. FURTHERMORE, UPON ACCEPTANCE OF THE GRANT ELIFE REQUIRES A WRITTEN REPORT FROM THE GRANTEE PROVIDING DETAIL ABOUT HOW FUNDS WERE USED TO ACCOMPLISH THE GRANT OBJECTIVES. REPORTS ARE REVIEWED BY ELIFE FOR COMPLIANCE WITH CONDITIONS. X X X X 0 0 0 0 0 0 0 1 0 DAMIAN PATTINSON EXEC DIR,SEC,TREAS 159456 0 33318 0 0 0 27123 0 0 0 219897 0 0 0 PART I, LINE 7 THE BOARD OF ELIFE SCIENCES PUBLICATIONS LTD PAID A DISCRETIONARY BONUS TO DAMIAN PATTINSON IN RECOGNITION OF HIS SIGNIFICANT CONTRIBUTION TO ELIFE DURING 2023. THE BONUS WAS APPROVED BY THE BOARD. FORM 990, PART I, LINE 1 COMMUNICATION THAT ENCOURAGES AND RECOGNISES THE MOST RESPONSIBLE BEHAVIOURS IN SCIENCE. FORM 990, PAGE 1, BOX E: TELEPHONE NUMBER PROVIDED IS A UK NUMBER. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: ELIFE WAS FOUNDED IN RESPONSE TO AN INITIATIVE TO DRIVE IMPROVEMENTS IN RESEARCH COMMUNICATION FROM FOUR INTERNATIONALLY PROMINENT, NONPROFIT ORGANISATIONS OPERATING IN THE PUBLIC INTEREST: HOWARD HUGHES MEDICAL INSTITUTE, MAX PLANCK SOCIETY FOR THE ADVANCEMENT OF SCIENCE, AND WELLCOME TRUST, AND WERE JOINED BY THE KNUT AND ALICE WALLENBERG FOUNDATION IN 2018. ELIFE PUBLISHES WORK OF THE HIGHEST SCIENTIFIC STANDARDS AND IMPORTANCE IN ALL AREAS OF THE LIFE AND BIOMEDICAL SCIENCES. THE RESEARCH IS SELECTED AND EVALUATED BY WORKING SCIENTISTS AND IS MADE FREELY AVAILABLE TO ALL READERS WITHOUT DELAY. PUBLICATION FEES WERE INTRODUCED IN 2017 TO COVER SOME OF ELIFE'S CORE PUBLISHING COSTS. ELIFE ALSO INVESTS IN INNOVATION THROUGH OPEN-SOURCE TOOL DEVELOPMENT TO ACCELERATE RESEARCH COMMUNICATION AND DISCOVERY. OUR WORK IS GUIDED BY THE COMMUNITIES WE SERVE. FORM 990, PART V, LINE 2A: ELIFE HAD 1 U.S. EMPLOYEE THAT WAS ISSUED A W-2, BUT HAS 50 EMPLOYEES IN THE UNITED KINGDOM, FOR THE TOTAL OF 51 EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 2 ERIN O'SHEA IS THE PRESIDENT OF HOWARD HUGHES MEDICAL INSTITUTE, WHICH EMPLOYS MICHAEL EISEN AS AN INVESTIGATOR. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF ELIFE ARE HOWARD HUGHES MEDICAL INSTITUTE AND WELLCOME TRUST. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS THE POWER TO APPOINT ONE MEMBER OF THE BOARD OF DIRECTORS OF ELIFE. CERTAIN GOVERNANCE DECISIONS REQUIRE UNANIMOUS CONSENT OF THE MEMBERS AND INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: AMENDMENT TO ARTICLES OF INCORPORATION OR BYLAWS; ELECTION OF ADDITIONAL MEMBERS; CHANGE TO NUMBER OF DIRECTORS; APPOINTMENT OR REMOVAL OF A DIRECTOR; AND FILLING THE VACANCY OF A DIRECTOR POSITION. FORM 990, PART VI, SECTION A, LINE 7B SAME AS LINE 7A ABOVE FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY ELIFE'S INDEPENDENT ACCOUNTING FIRM AND WAS REVIEWED BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. PRIOR TO FILING THE FORM 990 WITH THE IRS, A COPY OF FORM 990 WAS PROVIDED TO EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST ON AN ANNUAL BASIS. ELIFE HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, OFFICERS AND OTHER EMPLOYEES TO DISCLOSE INTERESTS THAT MAY GIVE RISE TO A CONFLICT. ELIFE MONITORS THE POLICY BY REQUIRING INDIVIDUALS TO COMPLETE AN ANNUAL QUESTIONNAIRE THAT REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DECISIONS ARE MADE BY INDIVIDUALS THAT ARE INDEPENDENT WITH RESPECT TO THE INDIVIDUAL RECEIVING THE COMPENSATION. THE BOARD OBTAINS AND RELIES ON COMPARABILITY DATA IN ESTABLISHING THE COMPENSATION FOR ITS OFFICERS. COMPENSATION IS APPROVED IN ADVANCE OF PAYMENT, AND THE DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ELIFE DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC UNLESS THERE IS A LEGAL OBLIGATION TO DO SO. OUR AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FROM THE UK COMPANIES REGISTRY. FORM 990, PART XI, LINE 9: UNREALIZED GAIN FROM MOVEMENT IN FX RATE 237,459. FOREX CURRENCY TRANSLATION ADJUSTMENT -219,443.