Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $6,441,518

• 3 · Investment income

  total $46,154 · excluded $46,154

• 11a · Other revenue: OTHER INCOME

  total $9,631 · excluded $9,631

• 11e · Other revenue, total

  $9,631

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $332,438 · program services $288,691 · management and general $2,217 · fundraising $41,530

• 7 · Other salaries and wages

  total $1,648,209 · program services $1,405,530 · management and general $198,739 · fundraising $43,940

• 9 · Other employee benefits

  total $864,722 · program services $740,852 · management and general $96,234 · fundraising $27,636

• 10 · Payroll taxes

  total $213,199 · program services $182,457 · management and general $22,268 · fundraising $8,474

• 11b · Fees: legal

  total $2,891 · program services $1,879 · management and general $983 · fundraising $29

• 11c · Fees: accounting

  total $184,616 · management and general $184,616

• 11g · Fees: other

  total $747,801 · program services $703,283 · management and general $42,374 · fundraising $2,144

• 13 · Office expenses

  total $478,289 · program services $291,582 · management and general $146,807 · fundraising $39,900

• 16 · Occupancy

  total $173,978 · program services $127,459 · management and general $45,001 · fundraising $1,518

• 17 · Travel

  total $411,217 · program services $370,571 · management and general $31,508 · fundraising $9,138

• 22 · Depreciation, depletion and amortization

  total $81,357 · program services $62,531 · management and general $18,547 · fundraising $279

• 24a · Other expenses: PROGRAM OPERATIONS

  total $2,512,359 · program services $2,508,954 · management and general $2,876 · fundraising $529

• 24b · Other expenses: OTHER EXPENSES

  total $16,245 · program services $11,983 · management and general $4,205 · fundraising $57

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,903,813 · end of year $2,214,046

• 2 · Savings and temporary cash investments

  beginning of year $2,374,928 · end of year $2,362,458

• 3 · Pledges and grants receivable

  beginning of year $441,883 · end of year $200,426

• 9 · Prepaid expenses and deferred charges

  beginning of year $604,657 · end of year $438,821

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

  $1,171,404

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

  $933,194

• 10c · Land, buildings and equipment, net

  beginning of year $168,004 · end of year $238,210

• 15 · Other assets

  beginning of year $2,703 · end of year $198,836

• 17 · Accounts payable and accrued expenses

  beginning of year $551,865 · end of year $633,185

• 25 · Other liabilities

  beginning of year $0 · end of year $199,706

• 27 · Net assets without donor restrictions

  beginning of year $5,427,652 · end of year $4,664,298

• 28 · Net assets with donor restrictions

  beginning of year $516,471 · end of year $155,608

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS - PIVOT PROVIDES TICKETS FOR THE EXECUTIVE DIRECTOR'S FAMILY TO ACCOMPANY HER TO FRANCE 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.

FORM 990, PART VII, QUESTION 5:

IN CALENDAR YEAR 2022, 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 $97,518 IN CALENDAR YEAR 2022, 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 $38,793 THE REIMBURSEMENT OF THE ABOVE PERSONNEL'S PAYROLL BY PIVOT WORKS, INC. (HMS OR BWH) FOR THE PERIOD OF OCTOBER 1ST, 2022 TO SEPTEMBER 30, 2023 WAS REFLECTED AS OFFICER OR DIRECTOR COMPENSATION AND INCLUDED ON LINE 5 OF THE STATEMENT OF FUNCTIONAL EXPENSES. THESE AMOUNTS TOTALED $131,143 FOR MATTHEW BONDS AND $23,849 FOR MICHAEL RICH.