2020-10-01T10:40:53-05:00 2019-12-31 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2019-01-01 463075530 PIVOT WORKS INC PIVO 6072808594 800 BOYLSTON STREET NO 300 BOSTON MA 02199 TARA LOYD EXECUTIVE DIRECTOR 6072808594 2020-09-09 MATTHEW KALIL CPA MBA P01517069 9785575300 2020-09-09 64.27.39.203 2020-09-09 13:49:18 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4141E4A5C25AD619B9DECADFBF31C872A80AFA19 2019 2021-01-29 14:40:06Z TARA LOYD 800 BOYLSTON STREET NO 300 BOSTON MA 02199 6096067 0 X WWW.PIVOTWORKS.ORG X 2013 MA HEALTH CARE FOR THE INDIVIDUAL. SYSTEMS FOR THE POPULATION. INNOVATION FOR THE WORLD. 20 16 12 0 0 0 5175946 6087850 0 0 3932 8217 0 0 5179878 6096067 94442 83505 0 0 1970920 2219166 0 0 306042 2017841 3648924 4083203 5951595 1096675 144472 3454162 3718461 153351 313347 3300811 3405114 IN PARTNERSHIP WITH COMMUNITIES IN RESOURCE-POOR AREAS, PIVOT COMBINES ACCESSIBLE AND COMPREHENSIVE HEALTH CARE SERVICES WITH RIGOROUS SCIENTIFIC RESEARCH TO SAVE LIVES AND BREAK CYCLES OF POVERTY AND DISEASE. 0 0 4867229 MADAGASCAR HEALTH SERVICES - PIVOT WORKS COMBINES A MORAL AGENDA OF RIGHTS-BASED HEALTH CARE WITH THE PRACTICAL GOALS OF HEALTH SYSTEM STRENGTHENING (HSS) AT THREE CRITICAL LEVELS OF THE HEALTH SYSTEM; COMMUNITY HEALTH WORKERS, HEALTH CENTERS, AND DISTRICT HOSPITALS. SUBSTANTIAL RESOURCES ARE DEDICATED TO STRENGTHENING AND MAINTAINING ESSENTIAL HEALTH SYSTEM INFRASTRUCTURE, SUCH AS MEDICAL FACILITIES, EQUIPMENT, PERSONNEL, AMBULANCES AND DISPENSARIES. 426418 83505 RESEARCH - FOCUSES ON MEASURING THE DISEASE BURDEN IN THE POPULATION OUTSIDE OF THE HEALTH FACILITIES IN MADAGASCAR. IN SOME INSTANCES, THE RESEARCH EFFORTS ARE ALSO DIRECTED TO BASIC SCIENCE QUESTIONS THAT HAVE LONG-TERM POTENTIAL TO CONTRIBUTE TO A BASIC UNDERSTANDING OF UNDERLYING CAUSES OF POVERTY AND DISEASE. 5293647 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 12 1 0 1 MA 0 0 0 0 0 0 0 0 0 0 X 20 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA KY AL WA X X ALEXIS MOISAND 8577565037 PO BOX 441151 SOMERVILLE MA 02144 PATRICIA WRIGHT DIRECTOR 0.50 X 0 0 0 PAUL FARMER DIRECTOR 0.50 X 0 0 0 CASSIA VAN DER HOOF HOLSTEIN DIRECTOR 0.50 X 0 0 0 MANU PRAKASH DIRECTOR 0.50 X 0 0 0 VINCENT DELLA PIETRA DIRECTOR 0.50 X 0 0 0 STEPHEN DELLA PIETRA DIRECTOR 0.50 X 0 0 0 LARA HALL DIRECTOR 0.50 X 0 0 0 BOB HOWER DIRECTOR 1.00 X 0 0 0 MARK KRASNOW DIRECTOR 1.00 X 0 0 0 EDWARD M NORTON DIRECTOR 1.00 X 0 0 0 TOM GILLESPIE DIRECTOR 0.50 X 0 0 0 JAMES HERRNSTEIN DIRECTOR & CO-FOUNDER 1.00 X 0 0 0 BRITTANY POWELL DIRECTOR 0.50 X 0 0 0 MAX HERRNSTEIN DIRECTOR 0.50 X 0 0 0 MICHAEL RICH DIRECTOR/SENIOR CLINICAL ADVISOR 5.00 X 28181 0 9018 BENJAMIN ANDRIAMIHAJA DIRECTOR/ADVISOR TO THE CO 1.00 X 37247 0 0 ROBIN HERRNSTEIN CHAIRWOMAN & CO-FOUNDER 2.00 X X 0 0 0 TYLER SALTIEL TREASURER 2.00 X X 0 0 0 TARA LOYD EXECUTIVE DIRECTOR 32.00 X X 105000 0 17392 MATTHEW BONDS CO-FOUNDER & SCIENTIFIC DIRECTOR 25.00 X X 62686 0 14919 NANCY FERGUSON DIRECTOR OF FINANCE & ADMI 40.00 X 76250 0 13360 ROBERT CUNNINGHAM CHIEF DEVELOPMENT OFFICER 40.00 X 115000 0 12940 424364 0 67629 2 0 0 0 ECGF RAKOTOZANDRY LOT 047A/3405 AMBALAMARINA MAHAZENGY FIANARANTSOA MA CONTRACTOR SERVICES 323135 1 6087850 857624 6087850 8217 8217 6096067 0 0 8217 83505 83505 364053 236336 91542 36175 1403822 1242078 30114 131630 283300 246913 8379 28008 167991 140858 10828 16305 546 546 24564 24564 87423 77417 5793 4213 198984 149273 31511 18200 201829 152183 27549 22097 290529 219790 50097 20642 133294 133294 PROGRAM OPERATIONS 2241939 2237924 4015 CONTRACT SERVICES 322079 277758 16251 28070 RECRUITMENT AND TRAININ 80931 79690 1241 66806 16082 50022 702 5951595 5293647 351906 306042 1753358 1047268 871660 1486750 250000 600000 2609 1774 138720 195551 884814 613076 314780 271738 110259 110259 12776 5121 3454162 3718461 153351 313347 153351 313347 X 2945462 2830958 355349 574156 3300811 3405114 3454162 3718461 X 144472 -40169 X X 0 1 X 1 0 X 2782541 3721369 3805504 5175946 6087850 21573210 2782541 3721369 3805504 5175946 6087850 21573210 12195439 9377771 5430 851 2102 3932 8217 20532 21593742 0.43430 0.37290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 251337 156460 94877 633477 456616 176861 271738 X 6093490 37592 -40169 -2577 6096067 0 6096067 5989187 37592 37592 5951595 0 5951595 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 DECEMBER 31, 2019, 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON FOREIGN CURRENCY EXCHANGE -40,169. 1 SUB-SAHARAN AFRICA 4 180 PROGRAM SERVICES HEALTH SYSTEM STRENGTHENING & RESEARCH 5293647 4 180 0 0 4 180 5293647 0 5293647 SUB-SAHARAN AFRICA RESEARCH STUDY 83505 WIRE TRANSFER 0 1 0 0 0 0 0 0 0 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS IS DONE BY REVIEWING DELIVERABLES THAT ARE OUTLINED IN THE GRANT AGREEMENT. PART III ACCOUNTING METHOD: X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL RICH DIRECTOR/SENIOR CLINICAL ADVISOR 28181 0 0 0 0 0 0 0 9018 0 37199 0 0 0 MATTHEW BONDS CO-FOUNDER & SCIENTIFIC DIRECTOR 62686 0 0 0 0 0 0 0 14919 0 77605 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - PIVOT PROVIDES TICKETS FOR THE EXECUTIVE DIRECTOR'S FAMILY TO ACCOMPANY HER TO MADAGASCAR ONCE A YEAR AS PART OF HER COMPENSATION PACKAGE. APART FROM THIS, PIVOT POLICY INCLUDES A SINGLE ADDITIONAL TICKET TO MADAGASCAR FOR ANY US STAFF WHO HAS STAYED FOR 3 YEARS IN THEIR JOB. DISCRETIONARY SPENDING ACCOUNT - THE EXECUTIVE DIRECTOR MAINTAINS A DISCRETIONARY SPENDING ACCOUNT THROUGH HER WORK WITH PIVOT. THIS IS MEANT TO HELP HER RESPOND FLEXIBLY TO OPPORTUNITIES AND THE DEMANDS ON HER TIME FROM COLLEAGUES AND PARTNER ORGANIZATIONS. FORM 990, PART VII, QUESTION 5: IN 2019, MATTHEW BONDS WAS AN EMPLOYEE OF HARVARD MEDICAL SCHOOL (HMS). HIS HMS PAYROLL WAS REIMBURSED BY PIVOT WORKS, INC. FOR SERVICES RENDERED IN THE AMOUNT OF $77,605 IN 2019, 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 $37,199 THE REIMBURSEMENT OF THE ABOVE PERSONNEL'S PAYROLL BY PIVOT WORKS, INC. (HMS OR BWH) WAS REFLECTED AS OFFICER OR DIRECTOR COMPENSATION AND INCLUDED ON LINE 5 OF THE STATEMENT OF FUNCTIONAL EXPENSES. X 4 162933 FMV X MEDICAL EQUIPMENT 1 694691 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNTS LISTED IN PART I, COLUMN (B) REPRESENT THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. 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) HAVE A FAMILIAL RELATIONSHIP. VINCENT DELLA PIETRA (DIRECTOR) AND STEPHEN DELLA PIETRA (DIRECTOR) HAVE A FAMILIAL RELATIONSHIP. EDWARD NORTON (DIRECTOR) AND MATTHEW BONDS (CO-FOUNDER & SCIENTIFIC DIRECTOR) HAVE A FAMILIAL RELATIONSHIP. JIM HERRNSTEIN, STEPHEN DELLA PIERRE 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 DIRECTOR OF FINANCE & ADMINISTRATION, 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 IT'S 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 -40,169. 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. FORM 8938, PART V, QUESTION 6: THE CURRENT FOREIGN CURRENCY FOR MADAGASCAR IS MALAGASY ARIARY (MGA), BUT IT IS NOT INCLUDED IN THE DROP DOWN LIST, SO MADAGASCAR FRANC (MGF) WAS ENTERED.