2018-11-08T15:28:35-06:00 2017-12-31 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2017-01-01 463075530 PIVOT WORKS INC PIVO 6072808594 800 BOYLSTON STREET NO 300 BOSTON MA 02199 TARA LOYD EXECUTIVE DIRECTOR 6072808594 2018-11-01 1 MATTHEW KALIL CPA MBA P01517069 9785575300 2018-11-01 64.27.39.203 2018-11-01 07:10:49 ED P E812F900C4D288E00D3AC2666ECF60AFF6C59A54 8190BC785C906750B3DDABDD0E4ED850B6448B4A 2017 2018-06-14 16:35:46Z TARA LOYD 800 BOYLSTON STREET NO 300 BOSTON MA 02199 3807606 0 X WWW.PIVOTWORKS.ORG X 2013 MA HEALTH CARE FOR THE INDIVIDUAL. SYSTEMS FOR THE POPULATION. INNOVATION FOR THE WORLD. 15 13 9 0 0 0 3721369 3805504 0 0 851 2102 0 0 3722220 3807606 0 28139 0 0 1477816 2005435 0 0 389905 2282417 1627202 3760233 3660776 -38013 146830 2048314 2436930 272963 235496 1775351 2201434 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 2850795 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. 89956 28139 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. 2940751 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 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 1 9 1 0 1 MA 0 0 0 0 0 0 0 0 X 15 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA X THE ORGANIZATION 6072808594 800 BOYLSTON STREET NO 300 BOSTON MA 02199 MICHAEL RICH DIRECTOR/SENIOR CLINICAL ADVISOR 5.00 X 0 0 0 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 BOB HOWER DIRECTOR 1.00 X 0 0 0 EDWARD M NORTON DIRECTOR 1.00 X 0 0 0 BENJAMIN ANDRIAMIHAJA DIRECTOR/ADVISOR TO THE COUNTRY DIRECTOR 1.00 X 32500 0 0 TOM GILLESPIE DIRECTOR 0.50 X 0 0 0 ROBIN HERRNSTEIN TREASURER 2.00 X X 0 0 0 JAMES HERRNSTEIN CHAIRMAN 2.00 X X 0 0 0 MATTHEW BONDS CO-CEO 25.00 X X 0 0 0 TARA LOYD CO-CEO & BOARD CLERK 32.00 X X 71400 0 8400 NANCY FERGUSON DIRECTOR OF FINANCE & ADMINISTRATION 40.00 X 63600 0 9958 ROBERT CUNNINGHAM CHIEF DEVELOPMENT DIRECTOR 40.00 X 135000 0 9513 302500 0 27871 1 0 0 1 0 3805504 260819 3805504 2102 2102 3807606 0 0 2102 22403 22403 5736 5736 218016 116893 74955 26168 1446771 1176250 63216 207305 210394 171034 8583 30777 130254 101654 10212 18388 451 451 7056 7056 53234 35108 10539 7587 160318 126542 14855 18921 139031 88653 46171 4207 223298 153306 52814 17178 116265 102336 13929 PROGRAM OPERATIONS 731198 729884 356 958 CONTRACT SERVICES 128787 58392 19186 51209 RECRUITMENT AND TRAININ 31784 25793 1014 4977 35780 26767 6783 2230 3660776 2940751 330120 389905 1566731 846133 963532 26732 8539 7013 110925 165137 644646 340615 143372 304031 100259 110259 118488 14093 2048314 2436930 81802 235496 27041 164120 0 272963 235496 X 1775351 1980371 221063 1775351 2201434 2048314 2436930 X 146830 264394 14859 X X 0 1 X 1 0 X 471200 2603376 2782541 3721369 3805504 13383990 471200 2603376 2782541 3721369 3805504 13383990 9227585 4156405 5430 851 2102 8383 13392373 X 168710 72227 96483 475936 268388 207548 304031 X 3811498 3892 3892 3807606 0 3807606 3664668 3892 3892 3660776 0 3660776 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, 2017, 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 0 SUB-SAHARAN AFRICA 4 173 MADAGASCAR PROGRAM SERVICE AND RESEARCH PROGRAM PIVOT WORKS, INC. HAS A MAJOR PROGRAM WHICH IS THE MADAGASCAR PROGRAM IN MADAGASCAR. 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.THE RESEARCH PROGRAM FOCUSES ON MEASURING THE DISEASE BURDEN IN THE POPULATION OUTSIDE OF THE HEALTH FACILITIES. 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. 2940751 4 173 0 0 4 173 2940751 0 2940751 MADAGASCAR DESIGN AND DEPLOYMENT OF A REGIONAL DRIED BLOOD SPOT SAMPLING PROGRAM FOR IMPROVED TUBERCULOSIS DIAGNOSTICS IN IFANADIANA DISTRICT, MADAGASCAR 5642 WIRE TRANSFER 1 0 0 0 0 0 0 0 DESIGN AND DEPLOYMENT OF A REGIONAL DRIED BLOOD SPOT SAMPLING PROGRAM FOR IMPROVED TUBERCULOSIS DIAGNOSTICS IN IFANADIANA DISTRICT, MADAGASCAR. GRANT FUNDS WERE PAID TO ONE PRINCIPAL INVESTIGATOR FROM THE U.S. TO HELP PAY THE EXPENSES OF 3 INVESTIGATORS TO TRAVEL TO MADAGASCAR TO PERFORM THIS RESEARCH STUDY. 1 22403 X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, QUESTION 5: IN 2017, 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 $9,509 IN 2017, 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 $22,649 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 1 248956 FMV X MEDICAL EQUIPMENT 1 11863 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES HERRNSTEIN (DIRECTOR) AND ROBIN HERRNSTEIN (DIRECTOR) ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE & ADMINISTRATION AND THE EXECUTIVE DIRECTOR. 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: GAIN ON FOREIGN CURRENCY EXCHANGE 14,859. 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 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT: DURING THE YEAR ENDED DECEMBER 31, 2017, THE ORGANIZATION BECAME AWARE OF CERTAIN RESTATEMENTS TO THE DECEMBER 31, 2017 NET ASSET BALANCE OF THE ORGANIZATION. THESE RESTATEMENTS ARE ATTRIBUTABLE TO ERRORS MADE IN CALCULATING DEPRECIATION ON PROPERTY AND EQUIPMENT FOR THE YEAR ENDED DECEMBER 31, 2016 AND IMPROPER ACCRUED EXPENSES FOR EMERGENCY SERVICES AND VEHICLE EXPENSES AS OF DECEMBER 31, 2016. THE EFFECTS OF THESE PRIOR PERIOD ADJUSTMENTS ($264,394) RESULTED IN AN ADJUSTED NET ASSET ENDING BALANCE OF $2,039,745 AS OF DECEMBER 31, 2016. 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.