PIVOT WORKS INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PIVOT WORKS INC (EIN 46-3075530)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-05-12
- IRS object ID
- 202501329349301730
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-12T08:30:06-05:00 | ReturnTs |
| Tax Period End | 2024-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 HIGHWOOD DRIVE | AddressLine1Txt |
| City | TEWKSBURY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01876 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463075530 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PIVOT WORKS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PIVO | BusinessNameControlTxt |
| Phone | 6072808594 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 N MAIN STREET 2075 | AddressLine1Txt |
| City | RANDOLPH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02368 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LAURA CORDIER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 6072808594 | PhoneNum |
| Signature | 2025-04-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW KALIL CPA MBA | PreparerPersonNm |
| PTIN | P01517069 | PTIN |
| Phone | 9785575300 | PhoneNum |
| Preparation | 2025-04-25 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LAURA CORDIER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 N MAIN STREET 2075 | AddressLine1Txt |
| City | RANDOLPH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02368 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,277,986 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PIVOTWORKS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2013 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | PIVOT'S MISSION IS TO SAVE LIVES, TRANSFORM HEALTH SYSTEMS, AND CATALYZE GLOBAL CHANGE. WE ARE A MADAGASCAR-BASED ORGANIZATION WORKING IN PARTNERSHIP WITH THE GOVERNMENT TO TRANSFORM THE LOCAL HEALTH SYSTEM AND PROVIDE A MODEL FOR THE INTEGRATION OF SERVICE DELIVERY AND SCIENCE TO MEET THE NEEDS OF THE MOST VULNERABLE POPULATIONS WITH THE AIM OF REDUCING MATERNAL AND CHILD MORTALITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 5 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,441,518 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,189,878 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $46,154 | PYInvestmentIncomeAmt |
| CY Investment Income | $81,153 | CYInvestmentIncomeAmt |
| PY Other Revenue | $9,631 | PYOtherRevenueAmt |
| CY Other Revenue | $6,955 | CYOtherRevenueAmt |
| PY Total Revenue | $6,497,303 | PYTotalRevenueAmt |
| CY Total Revenue | $8,277,986 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,058,568 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,750,378 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $253,395 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,608,753 | PYOtherExpensesAmt |
| CY Other Expenses | $4,249,594 | CYOtherExpensesAmt |
| PY Total Expenses | $7,667,321 | PYTotalExpensesAmt |
| CY Total Expenses | $6,999,972 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,170,018 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,278,014 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,652,797 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,874,157 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $832,891 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $786,740 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,819,906 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,087,417 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PIVOT'S MISSION IS TO SAVE LIVES, TRANSFORM HEALTH SYSTEMS, AND CATALYZE GLOBAL CHANGE. WE ARE A MADAGASCAR-BASED ORGANIZATION WORKING IN PARTNERSHIP WITH THE GOVERNMENT TO TRANSFORM THE LOCAL HEALTH SYSTEM AND PROVIDE A MODEL FOR THE INTEGRATION OF SERVICE DELIVERY AND SCIENCE TO MEET THE NEEDS OF THE MOST VULNERABLE POPULATIONS WITH THE AIM OF REDUCING MATERNAL AND CHILD MORTALITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,939,509 | ExpenseAmt |
| Desc | MADAGASCAR HEALTH SERVICES - PIVOT WORKS IN THE VATOVAVY REGION OF MADAGASCAR, WITH A VISION TO ADVANCE UNIVERSAL HEALTH COVERAGE. IN ORDER TO DO SO, OUR DISTRICT MODEL APPROACH ENSURES THE INTEGRATION OF CARE AT ALL THREE CRITICAL LEVELS OF THE HEALTH SYSTEM: COMMUNITY HEALTH, PRIMARY HEALTH CARE FACILITIES AND DISTRICT REFERRAL HOSPITALS. OUR PRIORITY PROGRAMS INCLUDE ON 1) HUMAN RESOURCES FOR HEALTH - TO HAVE RESPONSIVE, MOTIVATED WELL TRAINED HEALTH WORKFORCE IMPLEMENTING MATERNAL AND CHILD HEALTH PROGRAMS 2) ENHANCED COMMUNITY HEALTH - WITH PROFESSIONALIZED COMMUNITY HEALTH WORKERS EQUIPPED WITH MOBILE TECHNOLOGY 3) SOCIAL PROTECTION - WITH REMOVAL OF USER FEES AND SOCIAL PROGRAMS FOR VULNERABLE AND TARGET POPULATIONS. 4) INTEGRATED TRANSFORMATIVE RESEARCH TO ADVANCE AN EVIDENCE BASED MODEL THAT IS RESPONSIVE TO LOCAL NEEDS. | Desc |
| Total Program Service Expenses | $5,939,509 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 5 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 5 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | MA | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8577565037 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 N MAIN STREET SUITE 2075 | AddressLine1Txt |
| City | RANDOLPH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02368 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| STEPHEN DELLA PIETRA | ||||||
| DIRECTOR (UNTIL JAN '24) | 0.50 | Yes (X) | $0 | $0 | $0 | |
| VINCENT DELLA PIETRA | ||||||
| DIRECTOR (UNTIL JAN '24) | 0.50 | Yes (X) | $0 | $0 | $0 | |
| EMMA UWODUKUNDA | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| LUC SAMISON | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| LARA HALL | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| MAX HERRNSTEIN | ||||||
| DIRECTOR (UNTIL JAN '24) | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JAMES HERRNSTEIN | ||||||
| DIRECTOR & CO-FOUNDER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| BOB HOWER | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| MARK KRASNOW | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| EDWARD M NORTON | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| BRITTANY POWELL | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| MANU PRAKASH | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| TAHIRY RAVELOSON | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| PATRICIA WRIGHT | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| FARAMALALA RABEMANANJARA | ||||||
| DIRECTOR | 1.00 | Yes (X) | $941 | $0 | $0 | |
| SEHENO RANDRIAMANANTENA | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL RICH | ||||||
| DIRECTOR/SENIOR CLINICAL ADVISOR | 10.00 | Yes (X) | $17,887 | $0 | $0 | |
| BENJAMIN ANDRIAMIHAJA | ||||||
| DIRECTOR/GOVERNMENT ADVISOR | 10.00 | Yes (X) | $13,842 | $0 | $0 | |
| ROBIN HERRNSTEIN | ||||||
| CHAIRWOMAN & CO-FOUNDER | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| TYLER SALTIEL | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| TARA LOYD | ||||||
| DIRECTOR & ED EMERITUS | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MATTHEW BONDS | ||||||
| CO-FOUNDER & SCIENTIFIC DIRECTOR | 25.00 | Yes (X) | $118,190 | $0 | $0 | Yes (X) |
| LAURA CORDIER | ||||||
| EXECUTIVE DIRECTOR | 40.00 | $93,584 | $0 | $20,261 | Yes (X) | |
| CHARLOTTE FRAIBERG | ||||||
| CHIEF FINANCIAL OFFIC.(SINCE 9/2/24) | 40.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $244,444 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $20,261 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (1) | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $8,189,878 | AllOtherContributionsAmt |
| Total Contributions | $8,189,878 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $81,153 | TotalRevenueColumnAmt |
| Exclusion | $81,153 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $6,955 | TotalRevenueColumnAmt |
| Exclusion | $6,955 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $6,955 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,277,986 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $88,108 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $293,322 | TotalAmt |
| Program Services | $239,370 | ProgramServicesAmt |
| Management And General | $16,353 | ManagementAndGeneralAmt |
| Fundraising | $37,599 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,689,975 | TotalAmt |
| Program Services | $1,395,487 | ProgramServicesAmt |
| Management And General | $210,211 | ManagementAndGeneralAmt |
| Fundraising | $84,277 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $521,481 | TotalAmt |
| Program Services | $433,014 | ProgramServicesAmt |
| Management And General | $61,858 | ManagementAndGeneralAmt |
| Fundraising | $26,609 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $245,600 | TotalAmt |
| Program Services | $202,760 | ProgramServicesAmt |
| Management And General | $28,280 | ManagementAndGeneralAmt |
| Fundraising | $14,560 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,121 | TotalAmt |
| Program Services | $3,257 | ProgramServicesAmt |
| Management And General | $1,814 | ManagementAndGeneralAmt |
| Fundraising | $50 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,943 | TotalAmt |
| Management And General | $135,943 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $468,311 | TotalAmt |
| Program Services | $440,467 | ProgramServicesAmt |
| Management And General | $11,291 | ManagementAndGeneralAmt |
| Fundraising | $16,553 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $361,680 | TotalAmt |
| Program Services | $161,035 | ProgramServicesAmt |
| Management And General | $151,511 | ManagementAndGeneralAmt |
| Fundraising | $49,134 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $203,321 | TotalAmt |
| Program Services | $158,768 | ProgramServicesAmt |
| Management And General | $42,115 | ManagementAndGeneralAmt |
| Fundraising | $2,438 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $601,805 | TotalAmt |
| Program Services | $533,866 | ProgramServicesAmt |
| Management And General | $46,206 | ManagementAndGeneralAmt |
| Fundraising | $21,733 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,506 | TotalAmt |
| Program Services | $55,513 | ProgramServicesAmt |
| Management And General | $21,589 | ManagementAndGeneralAmt |
| Fundraising | $404 | FundraisingAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM OPERATIONS | Desc |
| Total | $2,395,907 | TotalAmt |
| Program Services | $2,315,972 | ProgramServicesAmt |
| Management And General | $79,897 | ManagementAndGeneralAmt |
| Fundraising | $38 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,999,972 | TotalAmt |
| Program Services | $5,939,509 | ProgramServicesAmt |
| Management And General | $807,068 | ManagementAndGeneralAmt |
| Fundraising | $253,395 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,214,046 | BOYAmt |
| EOY | $2,103,166 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,362,458 | BOYAmt |
| EOY | $2,443,610 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,426 | BOYAmt |
| EOY | $1,422,431 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $438,821 | BOYAmt |
| EOY | $473,008 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $507,863 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $282,130 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,210 | BOYAmt |
| EOY | $225,733 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $198,836 | BOYAmt |
| EOY | $206,209 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,652,797 | BOYAmt |
| EOY | $6,874,157 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $633,185 | BOYAmt |
| EOY | $580,865 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,706 | BOYAmt |
| EOY | $205,875 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $832,891 | BOYAmt |
| EOY | $786,740 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,664,298 | BOYAmt |
| EOY | $4,502,735 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,608 | BOYAmt |
| EOY | $1,584,682 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,819,906 | BOYAmt |
| EOY | $6,087,417 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,652,797 | BOYAmt |
| EOY | $6,874,157 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,278,014 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$10,503 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,028,355 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,732,103 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,559,890 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,441,518 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,189,878 | CurrentTaxYearAmt |
| Total | $32,951,744 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,028,355 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,732,103 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,559,890 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,441,518 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,189,878 | CurrentTaxYearAmt |
| Total | $32,951,744 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $14,114,820 | SubstantialContributorsTotAmt |
| Public Support Total170 | $18,836,924 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,493 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,372 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,985 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $46,154 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $81,153 | CurrentTaxYearAmt |
| Total | $143,157 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $6,601 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,631 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,955 | CurrentTaxYearAmt |
| Total | $23,187 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $33,118,088 | TotalSupportAmt |
| Public Support CY170 | 0.56880 | PublicSupportCY170Pct |
| Public Support PY170 | 0.60940 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, COLUMN A: | FormAndLineReferenceDesc |
| Explanation | THE PRIOR YEAR FIGURES IN COLUMN A REPRESENT A NINTH MONTH PERIOD FROM JANUARY 1, 2020 TO SEPTEMBER 30, 2020. THE ORGANIZATION CHANGED ITS FISCAL YEAR-END DATE FROM DECEMBER 31ST TO SEPTEMBER 30TH IN 2020. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $220,702 | OtherCostOrOtherBasisAmt |
| Depreciation | $184,581 | DepreciationAmt |
| Book Value | $36,121 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $287,161 | OtherCostOrOtherBasisAmt |
| Depreciation | $97,549 | DepreciationAmt |
| Book Value | $189,612 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $225,733 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITIES | Desc |
| Amt | $205,875 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $205,875 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,267,483 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$10,503 | OtherRevenueAmt |
| Revenue Not Reported | -$10,503 | RevenueNotReportedAmt |
| Revenue Subtotal | $8,277,986 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $8,277,986 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,999,972 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,999,972 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,999,972 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ORGANIZATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF SEPTEMBER 30, 2024, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENT OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF SEPTEMBER 30, 2024. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON FOREIGN CURRENCY EXCHANGE -10,503. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | SUB-SAHARAN AFRICA | RegionTxt |
| Offices | 4 | OfficesCnt |
| Employee | 280 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConductedTxt |
| Specific Services Provided | HEALTH SYSTEM STRENGTHENING & RESEARCH | SpecificServicesProvidedTxt |
| Region Total Expenditures | $5,939,509 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 4 | SubtotalOfficesCnt |
| Subtotal Employees | 280 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 4 | TotalOfficeCnt |
| Total Employee | 280 | TotalEmployeeCnt |
| Subtotal Spent | $5,939,509 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $5,939,509 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MATTHEW BONDS | ||||||||||||||
| CO-FOUNDER & SCIENTIFIC DIRECTOR | $118,190 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $118,190 | $0 | $0 | $0 |
| MICHAEL RICH | ||||||||||||||
| DIRECTOR/SENIOR CLINICAL ADVISOR | $17,887 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17,887 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, PART VII, QUESTION 5: | FormAndLineReferenceDesc |
| Explanation | IN CALENDAR YEAR 2023, MATTHEW BONDS WAS AN EMPLOYEE OF HARVARD MEDICAL SCHOOL (HMS). PIVOT WORKS, INC. HELD A GRANT AGREEMENT WITH HMS IN WHICH BONDS' SALARY WAS SUPPORTED IN THE AMOUNT OF $118,190 IN CALENDAR YEAR 2023, MICHAEL RICH WAS AN EMPLOYEE OF BRIGHAM AND WOMEN'S HOSPITAL (BWH). HIS BWH PAYROLL WAS REIMBURSED BY PIVOT WORKS, INC. FOR SERVICES RENDERED IN THE AMOUNT OF $17,887 THE REIMBURSEMENT OF THE MATTHEW BOND'S PAYROLL BY PIVOT WORKS, INC. (HMS) FOR THE PERIOD OF OCTOBER 1ST, 2023 TO JUNE 30, 2024 (WHEN THE AWARD ENDED) WAS REFLECTED AS OFFICER OR DIRECTOR COMPENSATION AND INCLUDED ON LINE 5 OF THE STATEMENT OF FUNCTIONAL EXPENSES. THIS AMOUNT TOTALED $105,154. MICHAEL RICH DID NOT HAVE ANY REIMBURSEMENT OF PAYROLL DURING FISCAL YEAR OCTOBER 1ST, 2023 TO SEPTEMBER 30, 2024. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | JAMES HERRNSTEIN (DIRECTOR) AND ROBIN HERRNSTEIN (DIRECTOR) HAVE A FAMILIAL RELATIONSHIP. JAMES HERRNSTEIN AND MAX HERRSTEIN (DIRECTOR UNTIL JAN '24) HAVE A FAMILIAL RELATIONSHIP. VINCENT DELLA PIETRA (DIRECTOR UNTIL JAN '24) AND STEPHEN DELLA PIETRA (DIRECTOR UNTIL JAN '24) HAVE A FAMILIAL RELATIONSHIP. EDWARD NORTON (DIRECTOR) AND MATTHEW BONDS (CO-FOUNDER & SCIENTIFIC DIRECTOR) HAVE A FAMILIAL RELATIONSHIP. JIM HERRNSTEIN, STEPHEN DELLA PIETRA AND VINCENT DELLA PIETRA HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S CPA FIRM AND REVIEWED IN DEPTH BY THE CHIEF FINANCIAL OFFICER, EXECUTIVE DIRECTOR AND FINANCE COMMITTEE. IT IS THEN REVIEWED BY THE GOVERNING BODY PRIOR TO ITS FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE STAFF, BOARD MEMBERS, OFFICERS AND RELATED PERSONNEL OF PIVOT WORKS, INC. ARE REQUIRED TO SELF-DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST WHEN SUCH AN ISSUE ARISES. IT WILL BE BROUGHT UP TO OFFICER'S ATTENTION AND TO A BOARD MEETING FOR DISCUSSION. ANY NECESSARY ACTIONS ILLUSTRATED ON THE CONFLICT OF INTEREST POLICY OF PIVOT WORKS INC. WILL BE TAKEN. |
| FORM 990, PART VI, SECTION B, LINE 15 | PIVOT WORKS INC. DEVELOPED ITS COMPENSATION SCALE VIA RESOURCES PROVIDED BY A THIRD PARTY HR SERVICE COMPANY, AS WELL AS DISCUSSION AMONG ITS GOVERNING BOARD MEMBERS. THE CEO, OFFICERS AND EMPLOYEES WERE PAID BASED ON THEIR EXPERIENCE AND EDUCATION QUALIFICATIONS. PIVOT'S POLICIES COMMIT IT TO RE-TAKING AND RE-EVALUATING ITS SALARY SCALE BASED ON A THIRD PARTY SALARY COMPARABILITY STUDY EVERY THREE YEARS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | LOSS ON FOREIGN CURRENCY EXCHANGE -10,503. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR. |
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