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Nonprofiteer
← INSTITUTE FOR ADVANCED CLINICAL TRIALS FOR CHILDREN

Form 990 for tax year 2023

Filed by INSTITUTE FOR ADVANCED CLINICAL TRIALS FOR CHILDREN.

Totals

Total revenue
$1,463,891
Total expenses
$3,296,795
Contributions and grants received
$1,126,270
Grants paid
$134,894
Program service revenue
$258,947
Investment income
$78,674
Other revenue
$0
Total assets, end of year
$3,501,048
Total liabilities, end of year
$135,918
Net assets or fund balances, end of year
$3,365,130
Program services expenses (Part IX)
$2,040,676
Management and general expenses
$882,488
Fundraising expenses
$373,631
Program service expenses (Part III)
$2,040,676

Program services were 61.9% 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.

  • 1b · Membership dues

    $650,000

  • 1e · Government grants (contributions)

    $179,961

  • 1f · All other contributions, gifts and grants

    $296,309

  • 2a · Program service revenue: CLINICAL PROGRAM GUIDA

    total $258,947 · related or exempt $258,947

  • 3 · Investment income

    total $78,674 · excluded $78,674

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $134,894 · program services $134,894

  • 5 · Compensation of officers, directors and key employees

    total $1,090,238 · program services $771,362 · management and general $289,750 · fundraising $29,126

  • 7 · Other salaries and wages

    total $760,318 · program services $557,066 · management and general $173,103 · fundraising $30,149

  • 8 · Pension plan contributions

    total $31,097 · program services $22,443 · management and general $6,927 · fundraising $1,727

  • 9 · Other employee benefits

    total $72,176 · program services $51,757 · management and general $16,291 · fundraising $4,128

  • 10 · Payroll taxes

    total $130,582 · program services $93,743 · management and general $32,486 · fundraising $4,353

  • 11b · Fees: legal

    total $27,598 · program services $15,662 · management and general $7,625 · fundraising $4,311

  • 11c · Fees: accounting

    total $92,699 · program services $52,608 · management and general $25,611 · fundraising $14,480

  • 11d · Fees: lobbying

    total $35,999 · program services $15,069 · management and general $8,719 · fundraising $12,211

  • 11e · Fees: professional fundraising services

    total $13,329 · fundraising $13,329

  • 11g · Fees: other

    total $574,200 · program services $245,934 · management and general $142,302 · fundraising $185,964

  • 13 · Office expenses

    total $22,187 · program services $6,865 · management and general $13,585 · fundraising $1,737

  • 14 · Information technology

    total $173,358 · program services $31,850 · management and general $112,238 · fundraising $29,270

  • 16 · Occupancy

    total $36,760 · program services $12,832 · management and general $20,268 · fundraising $3,660

  • 17 · Travel

    total $75,172 · program services $19,129 · management and general $20,172 · fundraising $35,871

  • 19 · Conferences, conventions and meetings

    total $1,485 · program services $378 · management and general $398 · fundraising $709

  • 22 · Depreciation, depletion and amortization

    total $560 · management and general $560

  • 23 · Insurance

    total $24,143 · program services $9,084 · management and general $12,453 · fundraising $2,606

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,507,358 · end of year $567,036

  • 2 · Savings and temporary cash investments

    beginning of year $2,459,656 · end of year $2,223,516

  • 3 · Pledges and grants receivable

    beginning of year $1,272,132 · end of year $558,560

  • 4 · Accounts receivable

    beginning of year $64,483 · end of year $35,368

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,644 · end of year $82,969

  • 10a · Land, buildings and equipment: cost or other basis

    $10,646

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,845

  • 10c · Land, buildings and equipment, net

    beginning of year $3,361 · end of year $2,801

  • 15 · Other assets

    beginning of year $62,826 · end of year $30,798

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,326 · end of year $107,685

  • 19 · Deferred revenue

    beginning of year $117,175

  • 25 · Other liabilities

    beginning of year $59,925 · end of year $28,233

  • 27 · Net assets without donor restrictions

    beginning of year $3,948,034 · end of year $2,815,130

  • 28 · Net assets with donor restrictions

    beginning of year $1,250,000 · end of year $550,000

Mission and programs · 2023

Mission

TO FUNCTION AS A NONPROFIT EDUCATIONAL, SCIENTIFIC AND RESEARCH ORGANIZATION TO EXPEDITE AND IMPROVE PEDIATRIC DRUG DEVELOPMENT FOR THE BENEFIT OF CHILDREN AND ENABLE AND ADVANCE PEDIATRIC CLINICAL RESEARCH PRESCRIBED BY REGULATION THROUGH: (CONTINUED ON SCHED.O)

Activities or mission (Part I)

SEE PART III, LINE 1.

  • DURING THIS TIME PERIOD, THE ORGANIZATION PROVIDED EXPERT GUIDANCE AND INPUT ON MULTIPLE PEDIATRIC CLINICAL DEVELOPMENT PLANS AND PEDIATRIC CLINICAL TRIALS WITH THE GOAL OF IMPROVING THE PROCESSES AND ACCELERATING THE DEVELOPMENT OF INNOVATIVE PRODUCTS FOR USE IN CHILDREN. ADDITIONALLY, THE ORGANIZATION ALSO CONNECTED REGULATORY QUALITY TRIAL READY SITES IN OUR PEDIATRIC CLINICAL TRIAL SITE NETWORK WITH CLINICAL TRIALS FOR A VARIETY OF BIOPHARMACEUTICAL COMPANIES ACROSS MULTIPLE THERAPEUTIC AREAS.THE ORGANIZATION UTILIZED ITS NETWORK OF EXPERTS TO CONVENE WORKING GROUPS TO ADDRESS PROBLEMS IN PEDIATRIC CLINICAL DEVELOPMENT COMMON ACROSS A VARIETY OF STAKEHOLDERS, THAT OTHERWISE WOULD NOT BE ADDRESSED IN A PRECOMPETITIVE MANNER.THE ORGANIZATION BROUGHT TOGETHER PEDIATRIC RESEARCH EXPERTS FROM ALL SECTORS ACADEMIA, CHILDREN'S HOSPITALS, INDUSTRY AND REGULATORY AGENCIES TO CONDUCT PEDIATRIC RESEARCH EDUCATIONAL WEBINARS TO CREATE A CONTINUOUS LEARNING ENVIRONMENT TO EXPAND BEST PRACTICES IN CLINICAL TRIALS CONDUCT AND IMPROVE QUALITY, SPEND AND VALUE. THROUGH THESE EDUCATIONAL INITIATIVES, THE ORGANIZATION HOPES TO FOSTER A COLLABORATIVE ENVIRONMENT WHERE RESEARCHERS CAN SHARE THEIR KNOWLEDGE AND EXPERIENCES TO IMPROVE THE QUALITY AND EFFICIENCY OF PEDIATRIC CLINICAL TRIALS. ULTIMATELY, THE GOAL IS TO ACCELERATE THE DEVELOPMENT OF NEW THERAPIES FOR CHILDREN AND IMPROVE OVERALL HEALTH OUTCOMES FOR PEDIATRIC POPULATIONS.

    Expenses $2,040,676 · Grants $134,894 · Revenue $258,947

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Garofalo

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    3

  • Martha Brumfield

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Barry Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • James Pomfret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Max Coppes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jeff Barrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Daniel Jorgensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Tamaroh Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Cynthia Jackson Diliberti

    COO, UNTIL 8/2023

    Total calculated
    $142,617
    From this org
    $124,552
    From related orgs
    $0
    Other
    $18,065
    Hours/week
    40

  • Vivianna Guzman

    EXECUTIVE DIRECTOR, FROM 7/2023

    Total calculated
    $246,879
    From this org
    $240,784
    From related orgs
    $0
    Other
    $6,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,784
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,095
    Filer's total
    $246,879

  • Gary Noel

    CMO, UNTIL 7/2023

    Total calculated
    $124,317
    From this org
    $122,119
    From related orgs
    $0
    Other
    $2,198
    Hours/week
    40

  • Alex Lebeaut

    CEO, UNTIL 1/2023

    Total calculated
    $67,748
    From this org
    $67,169
    From related orgs
    $0
    Other
    $579
    Hours/week
    40

  • Albert John Allen

    CMO, FROM 8/2023

    Total calculated
    $48,758
    From this org
    $48,758
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Holly Huntington

    HEAD, CLINICAL RESEARCH NTWK

    Total calculated
    $246,414
    From this org
    $222,700
    From related orgs
    $0
    Other
    $23,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,700
    Bonus
    $3,000
    Other
    $0
    Deferred
    $9,125
    Nontaxable benefits
    $14,589
    Filer's total
    $246,414

  • Laura Lopez

    CFAO

    Total calculated
    $213,506
    From this org
    $187,448
    From related orgs
    $0
    Other
    $26,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,448
    Bonus
    $0
    Other
    $0
    Deferred
    $7,906
    Nontaxable benefits
    $18,152
    Filer's total
    $213,506

  • Callie Heaton

    DIR. CLINICAL PROJECT MGMT

    Total calculated
    $174,984
    From this org
    $166,766
    From related orgs
    $0
    Other
    $8,218
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,766
    Bonus
    $0
    Other
    $0
    Deferred
    $6,659
    Nontaxable benefits
    $1,559
    Filer's total
    $174,984

  • Angela Price

    DIR. CLINICAL SITE NETWORK - QI

    Total calculated
    $163,235
    From this org
    $145,393
    From related orgs
    $0
    Other
    $17,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,393
    Bonus
    $0
    Other
    $0
    Deferred
    $4,900
    Nontaxable benefits
    $12,942
    Filer's total
    $163,235

  • Gabriela Tulloch

    SR. MGR. CLINICAL SITE NETWORK

    Total calculated
    $155,403
    From this org
    $134,197
    From related orgs
    $0
    Other
    $21,206
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,197
    Bonus
    $0
    Other
    $0
    Deferred
    $4,767
    Nontaxable benefits
    $16,439
    Filer's total
    $155,403

  • Fayne Moore

    SR. MGR. CLINICAL SITE NTWK

    Total calculated
    $146,799
    From this org
    $125,337
    From related orgs
    $0
    Other
    $21,462
    Hours/week
    40

  • Anushree Parikh

    CLINICAL PROJECT MANAGER

    Total calculated
    $115,643
    From this org
    $102,200
    From related orgs
    $0
    Other
    $13,443
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
HOLLY HUNTINGTON, LISTED IN FORM 990, PART VII, SECTION A, LINE 1A RECEIVED $3000 PERFORMANCE BONUS PAYMENT IN 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
19 August 2024
IRS schema version
2023v5.1
Source object
202442329349301259

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