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Nonprofiteer
← SURGO VENTURES INC

Form 990 for tax year 2023

Filed by SURGO VENTURES INC.

Totals

Total revenue
$16,107
Total expenses
$631,102
Contributions and grants received
$0
Grants paid
$125,000
Program service revenue
$0
Investment income
$0
Other revenue
$16,107
Total assets, end of year
$1,765,225
Total liabilities, end of year
$545,998
Net assets or fund balances, end of year
$1,219,227
Program services expenses (Part IX)
$560,496
Management and general expenses
$70,606
Fundraising expenses
$0
Program service expenses (Part III)
$560,496

Program services were 88.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 11a · Other revenue: OTHER INCOME

    total $16,107 · excluded $16,107

  • 11e · Other revenue, total

    $16,107

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,000 · program services $125,000

  • 11b · Fees: legal

    total $385 · management and general $385

  • 11c · Fees: accounting

    total $42,780 · management and general $42,780

  • 11g · Fees: other

    total $461,981 · program services $435,496 · management and general $26,485

  • 14 · Information technology

    total $1,108 · management and general $1,108

  • 23 · Insurance

    total $345 · management and general $345

  • 24e · All other expenses

    total -$497 · management and general -$497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $275,312 · end of year $229,576

  • 3 · Pledges and grants receivable

    beginning of year $250,000

  • 9 · Prepaid expenses and deferred charges

    end of year $1,460

  • 15 · Other assets

    beginning of year $1,542,286 · end of year $1,534,189

  • 17 · Accounts payable and accrued expenses

    beginning of year $244,876 · end of year $545,998

  • 27 · Net assets without donor restrictions

    beginning of year $1,021,519 · end of year $887,855

  • 28 · Net assets with donor restrictions

    beginning of year $801,203 · end of year $331,372

Mission and programs · 2023

Mission

TO USE ALL THE TOOLS AVAILABLE FROM BEHAVIORAL SCIENCE, DATA SCIENCE, AND ARTIFICIAL INTELLIGENCE TO UNLOCK SOLUTIONS THAT WILL SAVE AND IMPROVE PEOPLE'S LIVES.

Activities or mission (Part I)

TO DEVELOP PRECISE, TARGETED, AND PRACTICAL SOLUTIONS THAT LEAD TO BETTER RESULTS AND IMPROVE PEOPLES LIVES.

  • THE ORGANIZATION IS FOCUSED ON PROVIDING AND ACHIEVING IMPROVED GLOBAL HEALTH CARE, PARTICULARLY FOCUSING ON COVID-19, HIV/AIDS, TUBERCULOSIS, MATERNAL MORTALITY, HOUSING, AND MORE. THE ORGANIZATION STRIVES ACHIEVE THIS THROUGH THE USE OF DATA ANALYTICS IN CONNECTION WITH THE MEDICAL FIELD TO HELP DEVELOP BETTER MEDICAL PRACTICES, TREATMENTS, AND ULTIMATELY CURES FOR CERTAIN MEDICAL CONDITIONS. THE RESULTS ALLOW THE ORGANIZATION TO IMPROVE THE DESIGN AND DELIVERY OF PUBLIC HEALTH AND DEVELOPMENT PROBLEMS ON A LARGE PLATFORM.

    Expenses $560,496 · Grants $125,000

As filed on the 2023 return.

Listed in Part VII

  • Sema Sgaier

    INTERIM CEO

    Total calculated
    $0
    Hours/week
    40

  • Mala Gaonkar

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Malcolm Gladwell

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • William Helman

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Peter Piot

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Zainab Schwartz

    INTERIM CFO

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403109349301310

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