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ADVANCIUM HEALTH NETWORK INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ADVANCIUM HEALTH NETWORK INC (EIN 87-2622250)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-11
IRS object ID
202443169349306064
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-11T16:23:28-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1919 EAST MAIN STREET SUITE 1800AddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23219ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN872622250EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ADVANCIUM HEALTH NETWORKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlADVABusinessNameControlTxt
Phone2125838281PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1345 PARK AVENUE SOUTHAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10010ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK VEICHPersonNm
Person TitleCEOPersonTitleTxt
Phone2125838281PhoneNum
Signature2024-11-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMEREDITH BELLPreparerPersonNm
PTINP01696827PTIN
Phone8042822121PhoneNum
Preparation2024-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK VEICHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1345 PARK AVENUE SOUTHAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10010ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$16,970,829GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressADVANCIUMHEALTH.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2021FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionADVANCIUM HEALTH NETWORK IS A MISSION-DRIVEN CHARITABLE ORGANIZATION COMMITTED TO ELIMINATING BARRIERS IN HEALTHCARE THROUGH A UNIQUE MODEL THAT COMBINES THE EXPERTISE OF FOR-PROFIT LEADERSHIP WITH NON-PROFIT MOTIVATIONS. THROUGH THE SUPPORT OF OUR PARTNERS, INDUSTRY EXPERTS, AND CHARITABLE DONORS, WE'RE TACKLING HEALTHCARE'S MOST CHALLENGING GAPS AND UNMET NEEDS ACROSS THE INDUSTRY - FROM EARLY-STAGE INNOVATION, TO PEDIATRICS AND RARE DISEASE. ADVANCIUM HEALTH NETWORK IS COMMITTED TO A POSITIVE IMPACT ON HUMAN HEALTH.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee6TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,430,000PYContributionsGrantsAmt
CY Contributions Grants$16,883,964CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$74PYInvestmentIncomeAmt
CY Investment Income$1,015CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$82,358CYOtherRevenueAmt
PY Total Revenue$3,430,074PYTotalRevenueAmt
CY Total Revenue$16,967,337CYTotalRevenueAmt
PY Grants And Similar Paid$1,315,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,053,494CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$591,147PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,546,940CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$230,096CYTotalFundraisingExpenseAmt
PY Other Expenses$1,180,830PYOtherExpensesAmt
CY Other Expenses$2,700,560CYOtherExpensesAmt
PY Total Expenses$3,086,977PYTotalExpensesAmt
CY Total Expenses$5,300,994CYTotalExpensesAmt
PY Revenues Less Expenses$343,097PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$11,666,343CYRevenuesLessExpensesAmt
Total Assets BOY$417,585TotalAssetsBOYAmt
Total Assets EOY$17,991,568TotalAssetsEOYAmt
Total Liabilities BOY$87,517TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,995,157TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$330,068NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,996,411NetAssetsOrFundBalancesEOYAmt
MissionADVANCIUM HEALTH NETWORK IS A MISSION-DRIVEN CHARITABLE ORGANIZATION COMMITTED TO ELIMINATING BARRIERS IN HEALTHCARE THROUGH A UNIQUE MODEL THAT COMBINES THE EXPERTISE OF FOR-PROFIT LEADERSHIP WITH NON-PROFIT MOTIVATIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,317,774ExpenseAmt
Grant$1,053,494GrantAmt
DescADVANCIUM HEALTH NETWORK IS A MISSION-DRIVEN CHARITABLE ORGANIZATION COMMITTED TO ELIMINATING BARRIERS IN HEALTHCARE THROUGH A UNIQUE MODEL THAT COMBINES THE EXPERTISE OF FOR-PROFIT LEADERSHIP WITH NON-PROFIT MOTIVATIONS. THROUGH THE SUPPORT OF OUR PARTNERS, INDUSTRY EXPERTS, AND CHARITABLE DONORS, WE'RE TACKLING HEALTHCARE'S MOST CHALLENGING GAPS AND UNMET NEEDS ACROSS THE INDUSTRY - FROM EARLY-STAGE INNOVATION, TO PEDIATRICS AND RARE DISEASE. ADVANCIUM HEALTH NETWORK IS COMMITTED TO A POSITIVE IMPACT ON HUMAN HEALTH.Desc
Total Program Service Expenses$2,317,774TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee6EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARK VEICH CEOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2125838281PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1345 PARK AVENUE SOUTHAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10010ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARK VEICH
PRESIDENT1.00Yes (X)Yes (X)$0$0$0
JEFFREY KAPLAN
TREASURER1.00Yes (X)Yes (X)$0$0$0
OLIVIER ELEMENTO
SECRETARY1.00Yes (X)Yes (X)$0$0$0
LAURIE ZEPHYRIN
DIRECTOR1.00Yes (X)$0$0$0
MICHELE CLEARY
DIRECTOR1.00Yes (X)$0$0$0
RON MITCHELL
DIRECTOR1.00Yes (X)$0$0$0
SHAWN DAVIS
SVP & COO40.00Yes (X)$584,175$0$26,545
CONSTANCE WILLIAMS
DIRECTOR, CIL (UNTIL 7/23)40.00$243,309$0$14,666Yes (X)
EMMA MORAN EVANS
DIRECTOR, COBICURE MEDTECH40.00$197,394$0$15,939Yes (X)
JYOTI PATEL
DIRECTOR, BUSINESS OPERATIONS & MARKETING40.00$171,341$0$14,282Yes (X)
LINDSEY REYNOLDS
DIRECTOR, FINANCE40.00$103,631$0$9,769Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,299,850TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$81,201TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MORGAN LEWIS & BOCKIUS LLP
PO BOX 0500 S-6050PHILADELPHIAPA19178LEGAL SERVICES$670,813
CERADINI BRAND DESIGN
417 GRAND STREETBROOKLYNNY11211BRANDING CONSULTING$301,157
CORIDEA
345 PARK AVENUE SOUTHNEW YORKNY10010SCIENTIFIC CONSULTING$234,003
SABERIN CREATIVE LLC
325 OSER AVENUEHAUPPAUGENY11788WEBSITE HOSTING$154,303
HARMONIZED MARKETING LLC
400 E 66TH STREETNEW YORKNY10065BRANDING CONSULTING$152,583
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt
All Other Contributions$16,883,964AllOtherContributionsAmt
Total Contributions$16,883,964TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,068TotalRevenueColumnAmt
Exclusion$1,068ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$3,439SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,492SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$53SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$53TotalRevenueColumnAmt
Exclusion-$53ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescEVENT SPONSORSHIPSDesc
Business900099BusinessCd
Total Revenue Column$82,358TotalRevenueColumnAmt
Exclusion$82,358ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$82,358OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,967,337TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$83,373ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,053,494TotalAmt
Program Services$1,053,494ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$610,720TotalAmt
Management And General$610,720ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$781,455TotalAmt
Program Services$432,155ProgramServicesAmt
Management And General$349,300ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$13,857TotalAmt
Program Services$6,168ProgramServicesAmt
Management And General$7,689ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$64,493TotalAmt
Program Services$22,816ProgramServicesAmt
Management And General$41,677ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$76,415TotalAmt
Program Services$31,871ProgramServicesAmt
Management And General$44,544ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$700,516TotalAmt
Management And General$700,516ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$119,777TotalAmt
Management And General$119,777ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$356,659TotalAmt
Program Services$59,675ProgramServicesAmt
Management And General$126,984ManagementAndGeneralAmt
Fundraising$170,000FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$477,528TotalAmt
Program Services$477,528ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$28,328TotalAmt
Program Services$2,202ProgramServicesAmt
Management And General$25,079ManagementAndGeneralAmt
Fundraising$1,047FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$258,946TotalAmt
Program Services$187,611ProgramServicesAmt
Management And General$71,335ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$139,257TotalAmt
Program Services$7,633ProgramServicesAmt
Management And General$105,767ManagementAndGeneralAmt
Fundraising$25,857FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$127,115TotalAmt
Program Services$20,224ProgramServicesAmt
Management And General$87,160ManagementAndGeneralAmt
Fundraising$19,731FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$99,681TotalAmt
Management And General$99,681ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
SCIENTIFIC ADVISORY SER$234,003$234,003
ENVIRONMENTAL HEALTH &$61,086$61,086
DUES AND SUBSCRIPTIONS$29,700$6,418$9,821$13,461
PAYROLL PROCESSING FEES$14,864$8,288$6,576

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$53,100TotalAmt
Management And General$53,100ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,300,994TotalAmt
Program Services$2,317,774ProgramServicesAmt
Management And General$2,753,124ManagementAndGeneralAmt
Fundraising$230,096FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$90,389BOYAmt
EOY$408,497EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,089BOYAmt
EOY$1,598,125EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$3,621,470EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$311,107BOYAmt
EOY$326,479EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$12,036,997LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$12,036,997EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$417,585BOYAmt
EOY$17,991,568EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$87,517BOYAmt
EOY$5,731,157EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$264,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$87,517BOYAmt
EOY$5,995,157EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$330,068BOYAmt
EOY$11,269,104EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$727,307EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$330,068BOYAmt
EOY$11,996,411EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$417,585BOYAmt
EOY$17,991,568EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$11,666,343ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$50,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,430,000CurrentTaxYearMinus1YearAmt
Current Tax Year$16,883,964CurrentTaxYearAmt
Total$20,363,964TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$50,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,430,000CurrentTaxYearMinus1YearAmt
Current Tax Year$16,883,964CurrentTaxYearAmt
Total$20,363,964TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$7,385,942SubstantialContributorsTotAmt
Public Support Total170$12,978,022PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$74CurrentTaxYearMinus1YearAmt
Current Tax Year$1,068CurrentTaxYearAmt
Total$1,142TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$82,358CurrentTaxYearAmt
Total$82,358TotalAmt
FieldValueIRS element (for citing)
Total Support$20,447,464TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,284,268OtherCostOrOtherBasisAmt
Book Value$8,284,268BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,257,044OtherCostOrOtherBasisAmt
Book Value$3,257,044BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$495,685OtherCostOrOtherBasisAmt
Book Value$495,685BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$12,036,997TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$17,198,331TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$230,994DonatedServicesAndUseFcltsAmt
Revenue Not Reported$230,994RevenueNotReportedAmt
Revenue Subtotal$16,967,337RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$16,967,337TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,531,988TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$230,994DonatedServicesUseFcltsAmt
Expenses Not Reported$230,994ExpensesNotReportedAmt
Expenses Subtotal$5,300,994ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,300,994TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
POLYVASCULAR INC
6501 NAVIGATION BLVD SUITE O2HOUSTONTX77011471238096FOR PROFIT$703,494$0RESEARCH AND DEVELOPMENT
THE CHILDREN'S HOSPITAL OF PHILADELPHIA FOUNDATION
3401 CIVIC CENTER BLVDPHILADELPHIAPA19104232237932501(C)(3)$350,000$0RESEARCH AND DEVELOPMENT
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION REQUIRES GRANTEES TO ADHERE TO SPECIFIED TERMS AND CONDITIONS FOR EACH AWARDED PROGRAM, INCLUDING THE SUCCESSFUL COMPLETION OF MILESTONES. THE DISBURSEMENT OF FUNDS IS CONTINGENT ON ACCEPTANCE OF GRANT TERMS AND DOCUMENTED PROGRESS OF SATISFYING APPLICABLE MILESTONES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
SHAWN DAVIS
SVP & COO$416,175$0$168,000$0$0$0$6,600$0$19,945$0$610,720$0$0$0
CONSTANCE WILLIAMS
DIRECTOR, CIL (UNTIL 7/23)$148,809$0$0$0$94,500$0$2,906$0$11,760$0$257,975$0$0$0
EMMA MORAN EVANS
DIRECTOR, COBICURE MEDTECH$164,394$0$33,000$0$0$0$2,860$0$13,079$0$213,333$0$0$0
JYOTI PATEL
DIRECTOR, BUSINESS OPERATIONS & MARK$142,572$0$28,769$0$0$0$0$0$14,282$0$185,623$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1AADVANCIUM IS COMMITTED TO FOSTERING A HEALTHY AND PRODUCTIVE WORK ENVIRONMENT FOR ITS EMPLOYEES. AS PART OF THIS COMMITMENT, THE ORGANIZATION PROVIDES HEALTH CLUB DUES FOR ITS STAFF. THIS EXPENSE IS REPORTED AS PART OF THE OVERALL COMPENSATION PACKAGE FOR EMPLOYEES, IN COMPLIANCE WITH IRS GUIDELINES. ADVANCIUM BELIEVES THAT INVESTING IN THE HEALTH OF ITS EMPLOYEES IS A STRATEGIC DECISION THAT ALIGNS WITH ITS MISSION AND OPERATIONAL GOALS.
PART I, LINE 4ATHE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III): CONSTANCE WILLIAMS - $94,500
PART I, LINE 7THE PRESIDENT PAID REASONABLE DISCRETIONARY BONUSES BASED ON STAFF PERFORMANCE DURING THE YEAR.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BMANAGEMENT REVIEWED AND APPROVED THE FORM 990 IN DETAIL. IT WAS THEN SENT TO THE FULL BOARD FOR APPROVAL BEFORE FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO DIRECTORS, OFFICERS, COMMITTEE MEMBERS, AND KEY EMPLOYEES WHO ARE REQUIRED TO ANNUALLY REVIEW AND ACKNOWLEDGE THEIR COMPLIANCE WITH THE POLICY. SUCH INDIVIDUALS ALSO COMPLETE AN ANNUAL DISCLOSURE FORM OF RELEVANT FINANCIAL AND BUSINESS INTERESTS, AND HAVE AN ONGOING DUTY TO DISCLOSE ANY POTENTIAL INTERESTS IN A TRANSACTION UNDER CONSIDERATION BY THE BOARD OF DIRECTORS. INTERESTED PERSONS ARE RECUSED FROM CONSIDERATION OF AND VOTING ON ANY TRANSACTION IN WHICH THEY HAVE CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
COBICURE LLC
345 PARK AVENUE SOUTHNEW YORKNY10010MEDICAL RESEARCHNY$2,000,000$5,649,845ADVANCIUM HEALTH NETWORK INC
CURE INNOVATION LABS LLC
345 PARK AVENUE SOUTHNEW YORKNY10010MEDICAL RESEARCHNY$11,269,104$26,635,366ADVANCIUM HEALTH NETWORK INC
LUKA SHAI FOUNDATION LLC
345 PARK AVENUE SOUTHNEW YORKNY10010MEDICAL RESEARCHNY$533,108$582,651ADVANCIUM HEALTH NETWORK INC